RES NO 04-05-2018 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO.1 - 5 -2018
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN,
ARKANSAS,A RESOLUTION TO BE ENTITLED:
A RESOLUTION OF THE CITY OF VAN BUREN, ARKANSAS
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS
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
WHEREAS, the local government must authorize the refund of local sales and use taxes as provided in
the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas Economic
Development Commission; and
WHEREAS, Bekaert Corporation located at 1881 Bekaert Drive,Van Buren, Arkansas has sought to
participate in the program and more specifically has requested benefits accruing from
construction and/or expansion of the specific facility; and
WHEREAS, Bekaert Corporation 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: Bekaert Corporation is endorsed by the Van Buren City Council 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 authorized to refund local sales and use
taxes to Bekaert Corporation.
IN WITNESS WHEREOF, the City of Van Bure i Arkansas, by its City Council, did pass,
approve, and adopt, by a vote of /o for and 0 against, t e fo egoing Resolution arts special meeting
held on the 30th of April 2018.
1111W
Rob-rt D. F 031111111d.
— 11.11111 –
Mayor "
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ATTESTED: APPR• /111I RM:
Phyl is Thomas 'a' - . . Sett
City Clerk/Treasurer City Attorney