14068 1 RESOLUTION NO. 14,068
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF FEDEX GROUND PACKAGE SYSTEM, INC.,
5 LOCATED AT SOUTH LOOP ROAD, MABELVALE, ARKANSAS, TO
6 PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM (AS
7 AUTHORIZED BY SECTION 15-4-2706(D) OF THE CONSOLIDATED
8 INCENTIVE ACT OF 2003); AND FOR OTHER PURPOSES.
9
10 WHEREAS, the regulations of the Arkansas Tax Back Program require local government
11 endorsement of businesses or enterprises that wish to participate in and take advantage of the program,
12 and,
13 WHEREAS, FedEx Ground Package System, Inc,. has been declared by the management of the
14 Arkansas Tax Back Program to be an appropriate applicant to benefit from the features of the program,
15 and,
16 WHEREAS, FedEx Ground Package System, Inc., will be purchasing land, expanding and
17 modernizing an existing facility,and purchasing machinery and equipment; and,
18 WHEREAS, the project,will result in eleven (11) full-time and fifty-three (53) part-time new jobs
19 and a total investment of Fifty-Two Million, Three Hundred Fifty-Eight Thousand Dollars
20 ($52,358,500.00); and,
21 WHEREAS, FedEx Ground Package System, Inc., has agreed to furnish to the management of the
22 Arkansas Tax Back Program all information necessary to assure compliance with the terms and
23 conditions of the program;
24 NOW, THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
25 OF LITTLE ROCK,ARKANSAS:
26 Section 1. The City endorses FedEx Ground Package System, Inc., and the Mayor is authorized to
27 execute any required Certificate of Local Government Endorsement of to participate in the Arkansas Tax
28 Back Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts
29 and compensating use tax credits, in accordance with the regulations of the Arkansas Tax Back Program.
30 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
31 and Administration is authorized to refund any City Sales and Compensating Use Taxes collected from
32 Allegra Print & Imaging of Arkansas during the period of time that it participates in the Arkansas Tax
33 Back Program.
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1 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
2 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
3 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
4 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
5 resolution.
6 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
7 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
8 ADOPTED: February 24,2015
9 ATTEST: APPROVED:
10 , f
11 ...g•..:
12 san glb City Clerk Mark Stodola,Mayor
13 APPR�D AS TO LEGAL FORM:
14
15
16 Thomas M. Carpenter, ity Attorn
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