RES NO 01-11-2004 I
CITY OF VAN BUREN, ARKANSAS
0
RESOLUTION NO. -I -2004
RESOLUTION OE THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF REL
PRODUCTS, INC. TO PARTICIPATE IN THE TAX BACK PROGRAM (AS
AUTHORIZED BY SECTION 15- 4- 2706(d) OF THE CONSOLIDATED
INCENTIVE ACT OF 2003).
WHEREAS, In order to be considered for participation in the Tax Back Program, the
local government must endorse a business to participate in the Tax
Back Program and benefit from the sales and use tax refunds as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, Said endorsement must be made on specific form available from the
Arkansas Department of Economic Development; and
WHEREAS, REL Products, Inc., located at 517 South 28th, Van Buren, Arkansas
72956 has sought to participate in the program and more specifically
has requested benefits accruing from the expansion of the specific
facility; and
WHEREAS, REL Products, Inc., has agreed to furnish the local government all
necessary information for compliance.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VAN BUREN, ARKANSAS, THAT:
SECTION 1: REL Products, Inc., be endorsed by the City Council of the City of
Van Buren, Arkansas for benefits from the sales use tax refunds as
provided by Section 15- 4- 2706(d) of the Consolidated Incentive Act of
2003.
SECTION 2: The Department of Finance and Administration is not authorized to
refund local sales and use taxes to REL Products, Inc.
SECTION 3: This resolution shall take effect immediately.
PASSED AND APPROVED THIS DAY OF JANUARY, 2004.
MAYOR J FIN RIG
_ATTESTED:
CITY CLERK/TREASURER
i-,( 12/0472003 10:11 14754730E RELPRODLCTS PAGE 02
RR PRODUCTS Quality Products. Quality Service.
I N C O R G O a a E C,
REL PRODUCTS LNC. EST.1984
REL Products Inc., located in Van Buren, AR, is a manufacturer distributor of
automotive aftermarket equipment. The main product line is the mechanic's creeper.
For the past two years REL Products Inc. has found it necessary to import their products
in order to remain competitive within their respective market. Importing products has
obviously had an adverse effect on the number of employees needed in what was once a
vibrant manufacturing facility.
With the realization that the mechanic's creeper market is a mature market with demand
possibly in decline. REL Products Inc. is constantly striving to expand their product line
within and into other markets.
Early September 2003, REL Products Inc. introduced the Tti -Fold Ramp to Wal-Mart
during their annual review. REL Products Inc. has supplied mechanic's creepers to Wal-
Mart for 19 years. Wal-Mart agreed to put the Tri -Fold (loading) Ramp into its store set
for 2004.
REL Products Inc. management and employees are eager to get the plant back into the
manufacturing mode.
NEW PRODUCT MANUFACTURING OVERVIEW
PRODUCT NAME: THE TRI -FOLD RAMP
DESCRIPTION: ALUMINUM RAMP WHICH FOLDS INTO THREE SECTIONS
ALONG THE LENGTH. ADVANTAGES INCLUDE SMALL
FOLDED SJ7F FOR PORTABILITY AND LIGHTWEIGHT
FOR EASY TRANSPORTING.
Aluminum extrusions will be supplied by Claridge Extrusions, in Harrison, AR.
All other processes will be done at the REL Products facility.
CAPITAL EXPENDITURES S200,000.00
NEW FULL TIME EMPLOYEES HIRED 25 -30
SPECIALIZED TRAIIv''ING NEEDED ALUMINUM. WELDING
General Manager Jerry Lensing
Sales Manager Tim Treadway
Production Manager Roy Rogers
517 8 28'" ST VAN BUREN AR 729943 479374 -9450 FAX 478.4744051