2209 RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS,ARKANSAS
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF CARVANA, LLC 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, CARVANA, LLC located at 1100 Family Dollar, 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, CARVANA, LLC has agreed to furnish the local government all necessary
information for compliance;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OFWEST MEMPHIS, ARKANSAS, THAT:
SECTION 1. CARVANA, LLC 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 CARVANA, LLC.
SECTION 3. This Resolution shall take effect immediately.
PASSED AND APPROVED this `1 day of � , 2019.
MARCO MCCLENDON, Mayor
JO E RAY, City Clerk
RECEIVED
City Clork's Office
Dat