14987 1 RESOLUTION NO. 14,987
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF CZ MFG,INC./CZ-US HOLDINGS,INC.,LOCATED
5 AT THE SOUTHEAST QUADRANT OF THE INTERSECTION OF
6 ZUEBER ROAD AND FLETCHER ROAD, PULASKI COUNTY, LITTLE
7 ROCK,ARKANSAS,TO PARTICIPATE IN THE ARKANSAS TAX BACK
8 PROGRAM, AS AUTHORIZED BY ARK. CODE ANN. § 15-4-2706(D) OF
9 THE CONSOLIDATED INCENTIVE ACT OF 2003; AND FOR OTHER
10 PURPOSES.
11
12 WHEREAS,the regulations of the Arkansas Tax Back Program require local government endorsement
13 of businesses or enterprises that wish to participate in and take advantage of the program; and,
14 WHEREAS, CZ MFG, Inc./CZ-US Holdings, Inc., has been declared by the management of the
15 Arkansas Tax Back Program to be an appropriate applicant to benefit from the features of the program in a
16 total investment of Seventy Million,Seven Hundred Thousand Dollars($70,700,000.00),and 357 new jobs;
17 and,
18 WHEREAS, CZ MFG, Inc.,/CZ-US Holdings, Inc., agreed to furnish to the management of the
19 Arkansas Tax Back Program all information necessary to assure compliance with the terms and conditions
20 of the program;
21 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
22 OF LITTLE ROCK,ARKANSAS:
23 Section 1. The City endorses CZ MFG, Inc./CZ-US Holdings, Inc., and the Mayor is authorized to
24 execute any required Certificate of Local Government Endorsement of to participate in the Arkansas Tax
25 Back Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts
26 and Compensating Use Tax Credits,in accordance with the regulations of the Arkansas Tax Back Program.
27 Section 2. To the extent the City has authority to grant such authority,the Department of Finance and
28 Administration is authorized to refund any City Sales and Compensating Use Taxes collected from United
29 Parcel Service,Inc.,during the period of time that it participates in the Arkansas Tax Back Program.
30 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
31 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
32 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
33 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
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1 resolution.
2 Section 4. Repealer. All laws,ordinances,resolutions,or parts of the same,that are inconsistent with
3 the provisions of this resolution,are hereby repealed to the extent of such inconsistency.
4 ADOPTED: May 7,2019
5 APPROVED:
: iL
• ` )Nn --
8 u-an P' r,.ley/ ',,ty Clerk Frank Scott,Jr.,1VIay
9 APPR 0 ',ID •' d I LEGAL FORM:
10
11 J .' 1.�/i i'
12 Thomas M.Carpenter, ' Attor i l y
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