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1994a RESOLUTION No. ~ ~ ~ ~ RESOL UTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS, CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF DMN INC. TO PARTICPATE IN THE TAX BACK PROGRAM (AS A UTHORIZED 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, DMNINC. located at 220 S Woods 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, DMNINC. 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. DMNINC. 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 DMNINC. 3. This resolution shall take effect immediately. Mayor Date Passed: .~P'T. I S ~d l 1 Attest: RECEIVED City Cle ice Daterl'ime I 12 By CERTIFICATE STATE OF ARKANSAS ( SS COUNTY OF CRITTENDEN ) The undersigned, City Clerk of the City of West Memphis, Arkansas, hereby certifies that the above and foregoing is a true and complete and correct copy of Resolution No. 1994: A Resolution of the City Council of West Memphis, Arkansas, certifying local government endorsement of DMN INC. to participate in the Tax Back Program (as authorized by Section 15-4-2706(d) of the Consolidated Incentive Act of 2003). IN WITNESS WHEREOF, I have hereunto set my hand as City Clerk of the City of West Memphis, Arkansas, and the Official Seal of said City, on this 15th day of September, 2011. /"`V`AC CITY CLERK CITY OF WEST ME HIS C. CRITTENDEN COUNTY, ARKANSAS