126521 RESOLUTION NO. 12,652
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3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF HAWKER
4 BEECHCRAFT CORPORATION, LOCATED AT 2400 GRUNDFEST DRIVE, LITTLE
5 ROCK, ARKANSAS, TO PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM
6 (AS AUTHORIZED BY SECTION 15- 4- 2706(D) OF THE CONSOLIDATED
7 INCENTIVE ACT OF 2003); AND FOR OTHER PURPOSES.
8 t
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, Hawker Beechcraft Corporation has been declared by the management of the Arkansas
13 Tax Back Program to be an appropriate applicant to benefit from the features of the program, and
14 WHEREAS, Hawker Beechcraft Corporation will expand an existing building, in addition to
15 purchasing equipment and machinery required to support the aircraft production work, and
16 WHEREAS, the project will result in 230 new jobs and a total investment of $23,300,000, and
17 WHEREAS, Hawker Beechcraft Corporation has agreed to furnish to the management of the
18 Arkansas Tax Back Program all information necessary to assure compliance with the terms and
19 conditions of the program;
20 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
21 ROCK, ARKANSAS:
22 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
23 Local Government Endorsement of Hawker Beechcraft Corporation to participate in the Arkansas Tax
24 Back Program and to be eligible to benefit from any refunds and tax credits, including City gross
25 receipts and compensating use tax credits, in accordance with the regulations of the Arkansas Tax Back
26 Program.
27 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
28 and Administration is authorized to refund any City sates and compensating use taxes collected from
29 Hawker Beechcraft Corporation during the period of time that it participates in the Arkansas Tax Back
30 Program.
31 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
32 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
33 declaration or adjudication shall not affect the remaining portions of the resolution which shall remain
34 in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not
35 originally a part of the resolution.
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Resolution
To endorse Hwker Beechcraft Corporation
to participate In the Tax Back Program
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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: February 19, 2008
ATTEST: APPROVED:
Nancy Wo , City (err
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Attdiney
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Resolution
To endorse Hwker Beechcraft Corporation
to participate In the Tax Back Program
[PAGE 2 OF 2]
Mark Stodola,