1948RESOLUTION No. I ~ ~~
RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OFAWESOME PRODUCTS,
INC. TO PARTICPATE IN THE TAX BACK PROGRAM (AS A UTHORIZED BY SECTION
15-4-2706(d) OF THE CONSOLIDATED INCENTIVEACT 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, AWESOME PRODUCTS, INC. located at 271 S ~" Street 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, AWESOME PRODUCTS, INC. has agreed to furnish the local government all
necessary information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF WEST MEMPHIS,
ARKANSAS, THAT:
1. AWESOME PRODUCTS, INC. 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 AWESOME PRODUCTS, INC.
3. This resolution shall take effect immediately.
~ .~~ ~
Mayor
Date Passed: ~ p~ ~ ` IJ~ ~ ~
Attest:
erk
~E~EiVED
City Clerk's Office
Date/Time o oq ,uo
By ~ ~,~~
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