124841 RESOLUTION NO. 12,484
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3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF SCIENCE
4 APPLICATIONS INTERNATIONAL CORPORATION, LOCATED AT 700 LOUISIANA
5 STREET, TO PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM (AS
6 AUTHORIZED BY SECTION 15- 4- 2706(D) OF THE CONSOLIDATED INCENTIVE
7 ACT OF 2003); AND FOR OTHER PURPOSES.
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9 WHEREAS, the regulations of the Arkansas Tax Back Program require local government
10 endorsement of businesses or enterprises that wish to participate in and take advantage of the
11 program, and
12 WHEREAS, Science Applications International Corporation has been declared by the
13 management of the Arkansas Tax Back Program to be an appropriate applicant to benefit from the
14 features of the program, and
15 WHEREAS, Science Applications International Corporation is relocating an existing information
16 technology center from out of state to a new technology center in Little Rock, by leasing space in an
17 existing building, previously used as a public library, and make leasehold improvements and a
18 communication infrastructure to service current IT Outsourcing clients, and
19 WHEREAS, the project will result in 100 new jobs and a total investment of $577,907.00, and
20 WHEREAS, Science Applications International Corporation has agreed to furnish to the
21 management of the Arkansas Tax Back Program all information necessary to assure compliance with the
22 terms and conditions of the program;
23 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
24 ROCK, ARKANSAS:
25 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate
26 of Local Government Endorsement of Science Applications International Corporation to participate in
27 the Arkansas Tax Back Program and to be eligible to benefit from any refunds and tax credits, including
28 City gross receipts and compensating use tax credits, in accordance with the regulations of the
29 Arkansas Tax Back Program.
30 Section 2. To the extent the City has authority to grant such authority, the Department of
31 Finance and Administration is authorized to refund any City sales and compensating use taxes collected
32 from Science Applications International Corporation during the period of time that it participates in the
33 Arkansas Tax Back Program.
34 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
35 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
36 declaration or adjudication shall not affect the remaining portions of the resolution which shall remain
[PAGE 'I OF 2]
Resolution
To endorse Science Applications International Corporation to participate
In the Tax Back Program
1 in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not
2 originally a part of the resolution.
3 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
4 inconsistent with the provisions of this resolution, are hereby repealed to the extent of such
5 inconsistency.
6 ADOPTED: April 17, 2007
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8 ATTEST: APPROVED:
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12 Na y Wood, �oy Clerk Mark Stodola, Mayor
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16 APPROVED AS TO LEGAL FORM:
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20 Thomas M. Carpenter, City At o ney
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Resolution
To endorse Science Applications International Corporation to participate
In the Tax Back Program