1888RESOLUTION No. I ~S g
RESOLUTION OF THE CITY CDUNCR; OF WESTMEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENTENDORSEMENT OFALLIED CRA WFORD
STEEL TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY
SECTION 15-4 2T06(d) OF THE CONSOLIDATED INCENTIVEACT OF2003).
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, Allied Crawford Steel located at #1 Afco Road 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, Allied Crawford Steel has agreed to furnish the local government all necessary
information for compliance.
NOW THEREFOREBE ITRESOL VED BY THE CITY COUNCIL OF WEST MEMPHIS,
AIRKANSAS, TIIAT.•
Allied Crawford Steel be endorsed by the City of West Memphis for benefits from the
sales & use tax refunds as provided by Section 15-4-2706(d) of the Consolidated
Incentive Act of 2003.
2. The Department of Finance and Administration is authorized to refund local sales and use
taxes to Allied Crawford Steel.
3. This resolution shall take effect immediately.
- i%~~ ~r~r~1~
Mayor
Date Passed: l~ ~ ~
Attest: ~-
Clerk
RECEIVED
City Clerk's Of~Ce
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