2073 RESOLUTION NO. x,073
A RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF CARGILL
AGHORIZONS, 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 tax 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, Cargill AgHorizons, located at 4600 South Loop in West Memphis,
Arkansas has sought to participate in the program and more specifically has requested benefits
accruing from construction of the specific facility; and
WHEREAS, Cargill AgHorizons., 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 WEST MEMPHIS, ARKANSAS, THAT:
SECTION 1. Cargill AgHorizons, be endorsed by the City of West Memphis for
benefits from the sales and 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 Cargill AgHorizons.
SECTION 3. This resolution shall take effect immediately.
PASSED AND APPROVED this 3 'day of MA-Re.N , 2015.
WILLIAM H. JOHN ON, Mayor
ATTEST:
11 FCEIVED
. ic's Office
'HILLIP • ' • , City Clerk ( o�
CERTIFICATE
STATE OF ARKANSAS )
(SS
COUNTY OF CRITTENDEN)
The undersigned, City Clerk of the City of West Memphis, Arkansas,hereby
certifies that the above and foregoing is a true and complete and correct copy of
RESOLUTION 2073: A RESOLUTION OF THE CITY COUNCIL OF WEST
MEMPHIS, ARKANSAS, CERTIFYING LOCAL GOVERNMENT ENDORSEMENT
OF CARGILL AGHORIZONS, TO PARTICIPATE IN THE TAX BACK PROGRAM
(AS AUTHORIZED BY SECTION 15-4-2706(D)OF THE CONSOLIDATED
INCENTIVE ACT OF 2003)as the same appears in the official records of said City.
IN WITNESS WHEREOF, I have hereunto set my hand as City Clerk of the City
of West Memphis, Arkansas, and the Official Seal of said City, on this 5th day of March,
2015.
CITY CLE r4i , CITY OF WEST ME l•HIS,
CRIT'1'E N COUNTY, ARKANSAS