1949RESOLUTION No. ~ ~ ~'~
RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF CONSOLIDATED
G~ TO PARTICPATE IN THE TAX BACKPROGRAM (ASAUTHORIZED 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, CONSOLIDATED GRAIN located at 896 S Walker 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, CONSOLIDATED GRAIN 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. CONSOLIDATED GRAIN 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 CONSOLIDATED GRAIN.
3. This resolution shall take effect immediately.
~~ ~_
Mayor
Date Passed: ~ Jam' ~ ~
Attest: - ~_;`
RE~EI~iED
City Cie~k's ®ffice
Datel~`i ~e .~._