2202 F-
RESOLUTION NO. 2 Z d 2—
A RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS,ARKANSAS
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF TENNESSEE SOFT
DRINK PRODUCTION COMPANY 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, Tennessee Soft Drink Production Company located at 1400 Rainer Road,
West Memphis, AR, has sought to participate in the program and more specifically has requested
benefits accruing from construction of the specific facility;and
WHEREAS, Tennessee Soft Drink Production Company has agreed to furnish the local
government all necessary information for compliance;
k
IlitW) NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS, THAT:
SECTION 1. Tennessee Soft Drink Production Company 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 Tennessee Soft Drink Production Company.
SECTION 3. This Resolution shall take effect immediately.
PASSED AND APPROVED this day o j9-
r , 2019.
`11(1.4 c-c) IK7C/Actdoe--..____
MARCO MCCLENDON, Mayor
RECEIVED
/_� City Clerk's Office
Dater-ime / / `
J. ' GRAY, City ClerkL .__L �'
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