2103 RESOLUTION NO. d t O3
A RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS,ARKANSAS
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF SEDIVER USA, 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
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, Sediver USA, Inc, located at 1805 Family Dollar Parkway 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, Sediver USA, 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 WEST MEMPHIS,ARKANSAS, THAT:
SECTION 1. Sediver USA, Inc. 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 Sediver USA, Inc.
SECTION 3. This Resolution shall take effect immediately.
PASSED AND APPROVED this 74% day of Ji..r , 2016.
WILLIAM H. JOHNSON, Mayor
ATTEST:
PHILLIP PARA, City Clerk
RECEIVED
City Clerk's Offlce