14066 1 RESOLUTION NO. 14,066
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF LASER LINK, INC, D/B/A NATIONAL CUSTOM
5 HOLLOW METAL DOORS & FRAMES, TO BE LOCATED AT 1701
6 EAST 22ND STREET, LITTLE ROCK, ARKANSAS, TO PARTICIPATE IN
7 THE ARKANSAS TAX BACK PROGRAM (AS AUTHORIZED BY
8 SECTION 15-4-2706(D) OF THE CONSOLIDATED INCENTIVE ACT OF
9 2003); AND FOR OTHER PURPOSES.
10
11 WHEREAS, the regulations of the Arkansas Tax Back Program require local government
12 endorsement of businesses or enterprises that wish to participate in and take advantage of the program;
13 and,
14 WHEREAS, Laser Link, Inc., d/b/a National Custom Hollow Metal Doors & Frames, has been
15 declared by the management of the Arkansas Tax Back Program to be an appropriate applicant to benefit
16 from the features of the program; and,
17 WHEREAS, Laser Link, Inc., d/b/a National Custom Hollow Metal Doors & Frames will be
18 constructing a new building, expanding and modernizing an existing business, and purchasing machinery
19 and equipment;and,
20 WHEREAS, the project will result in fifteen (15) new jobs over a three (3)-year period and a total
21 investment of One Million,Two Hundred Forty-Three Thousand Dollars($1,243,000.00); and,
22 WHEREAS, Laser Link, Inc., d/b/a National Custom Hollow Metal Doors & Frames has agreed to
23 furnish to the management of the Arkansas Tax Back Program all information necessary to assure
24 compliance with the terms and conditions of the program;
25 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
26 OF LITTLE ROCK,ARKANSAS:
27 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
28 Local Government Endorsement of Laser Link, Inc., d/b/a National Custom Hollow Metal Doors &
29 Frames to participate in the Arkansas Tax Back Program and to be eligible to benefit from any refunds
30 and tax credits, including City gross receipts and compensating use tax credits, in accordance with the
31 regulations of the Arkansas Tax Back Program.
32 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
33 and Administration is authorized to refund any City Sales and Compensating Use Taxes collected from
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1 All Weather Insulated Panels during the period of time that it participates in the Arkansas Tax Back
2 Program.
3 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
4 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
5 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
6 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
7 resolution.
8 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
9 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
10 ADOPTED: February 24,2015
11 ATTEST: APPROVED:
12 NA.
13 � / 0
t (�
14 ' an E � y City Clerk Mark Stodola,Mayor
15 AP 'O 'E lP AS TO LEGAL FORM:
16
17 �--,
18 Thomas M. Carpenter, City Attort
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