2000RESOLUTION NO. ~C~OO
A RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF WEST MEMPHIS
STEELE CORP., 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, West Memphis Steele Corp., located at 1100 Thompson 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, West Memphis Steele Corp., has agreed to furnish the local government all
necessary information for compliance;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS, THAT:
SECTION 1. West Memphis Steele Corp., 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 West Memphis Steele Corp.
SECTION 3. This resolution shall take effect immediately.
PASSED AND APPROVED this ~ day of SAIJ~+k~ , 2012.
.~~ ~
WILLIAM H. JO SON, Mayor
ATTEST:
RECEIVED
City clerk's Office
PHI A, City Clerk ~I~~~?j~lY1~G tl•. LS w~-
By D u1-r,~'
"_d