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RESOLUTION NO. 12,414
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3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF
4 ENTERGY SERVICES, INC., LOCATED AT 700 LOUISIANA STREET, TO
5 PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM (AS AUTHORIZED BY
6 SECTION 15- 4- 2706(D) OF THE CONSOLIDATED INCENTIVE ACT OF
7 2003); AND FOR OTHER PURPOSES.
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9 WHEREAS, the regulations of the Arkansas Tax Back Program require local
10 government endorsement of businesses or enterprises that wish to participate in and
11 take advantage of the program, and
12 WHEREAS, Entergy Services, Inc. has been declared by the management of the
13 Arkansas Tax Back Program to be an appropriate applicant to benefit from the features
14 of the program, and
15 WHEREAS, Entergy Services, Inc. is relocating an existing information technology
16 center from out of state to a new technology center in Little Rock, by purchasing an
17 existing building, previously used as a public library, and refurbishing the facility
18 which includes redundant equipment, power, cooling and security, and
19 WHEREAS, the project also calls for acquisition of new computer and
20 telecommunication equipment with twelve jobs and a total investment of $41 million
21 dollars, and
22 WHEREAS, Entergy Services, Inc. has agreed to furnish to the management of the
23 Arkansas Tax Back Program all information necessary to assure compliance with the
24 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:
[PAGE 1 OF 31
Resolution
To endorse Entergy Services, Inc. to participate
In the Tax Back Program
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Section 1. The City endorses and the Mayor is authorized to execute any
required Certificate of Local Government Endorsement of Entergy Services, Inc. to
participate in the Arkansas Tax Back Program and to be eligible to benefit from any
refunds and tax credits, including City gross receipts and compensating use tax
credits, in accordance with the regulations of the Arkansas Tax Back Program.
Section 2. To the extent the City has authority to grant such authority, the
Department of Finance and Administration is authorized to refund any City sales and
compensating use taxes collected from Entergy Services, Inc. during the period of time
that it participates in the Arkansas Tax Back Program.
Section 3. Severability. In the event any title, section, paragraph, item,
sentence, clause, phrase, or word of this resolution is declared or adjudged to be
invalid or unconstitutional, such declaration or adjudication shall not affect the
remaining portions of the resolution which shall remain in full force and effect as if the
portion so declared or adjudged invalid or unconstitutional was not originally a part of
the resolution.
Section 4. Repealer All laws, ordinances, resolutions, or parts of the same,
that are inconsistent with the provisions of this resolution, are hereby repealed to the
extent of such inconsistency.
ADOPTED: December 19, 2006
ATTEST:
Nancy Wood, City Clerk
Resolution
To endorse Entergy Services, Inc. to participate
In the Tax Back Program
[PAGE 2 OF 31
APPROVED:
,Jim iley, Mayor
I APPROVED AS TO LEGAL FORM:
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4 Thomas M. Carpenter, City Att ney
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[PAGE 3 OF 31
Resolution
To endorse Entergy Services, Inc. to participate
In the Tax Back Program