15727 1 RESOLUTION NO. 15,727
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF CUSTOM POULTRY LLC TO PARTICIPATE IN
5 THE ARKANSAS TAX BACK PROGRAM, AS AUTHORIZED BY ARK.
6 CODE ANN § 15-4-2706(D) OF THE CONSOLIDATED INCENTIVE ACT
7 OF 2003; AND FOR OTHER PURPOSES.
8
9 WHEREAS,the regulations of the Arkansas Tax Back Program require local government endorsement
10 of businesses or enterprises that wish to participate in and take advantage of the program;and,
11 WHEREAS, Custom Craft Poultry, LLC, has been declared by the management of the Arkansas Tax
12 Back Program to be an appropriate applicant to benefit from the features of the program in its creation of
13 at least 290 new jobs and a total investment of at least Nine Million, Eight Hundred Thousand Dollars
14 ($9,800,000.00);and,
15 WHEREAS, Custom Craft Poultry, LLC, has agreed to furnish to the management of the Arkansas
16 Tax Back Program all information necessary to assure compliance with the terms and conditions of the
17 program.
18 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
19 OF LITTLE ROCK,ARKANSAS:
20 Section 1. The City endorses Custom Craft Poultry,LLC,and the Mayor is authorized to execute any
21 required Certificate of Local Government Endorsement of Custom Craft Poultry, LLC,to participate in the
22 Arkansas Tax Back Program and to be eligible to benefit from any refunds and tax credits, including City
23 gross receipts and Compensating Use Tax Credits, in accordance with the regulations of the Arkansas Tax
24 Back Program.
25 Section 2. City of Little Rock Resolution No. 15,727(July 12,2022)shall be ratified from the date of
26 the project by the company as through the company received a full endorsement in November 2020.
27 Section 3. 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 Custom
29 Craft Poultry LLC during the period of time that it participates in the Arkansas Tax Back Program.
30 Section 4. 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
34 resolution.
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1 Section 5. Repealer. All laws,ordinances, resolutions,or parts of the same,that are inconsistent with
2 the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
3 ADOPTED: July 12,2022
4 • '1// APPROVED:
5 ',
6 4` A-in- 12A
7 C n r:ng ngley, " Clerk Frank Scott,Jr.,Mayor
8 APP' I !D AS TO LEGAL FORM:
9
10 /1'&1•4444 diAt,,,k-----,_
11 Thomas M. Carpenter, City Attor y
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