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RESOLUTION NO. 12, 785
A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF
HEWLETT- PACKARD, LOCATED AT 425 WEST CAPITOL AVENUE, LITTLE
ROCK, ARKANSAS, TO PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM
(AS AUTHORIZED BY SECTION 15- 4- 2706(D) OF THE CONSOLIDATED
INCENTIVE ACT OF 2003); AND FOR OTHER PURPOSES.
WHEREAS, the regulations of the Arkansas Tax Back Program require local government
endorsement of businesses or enterprises that wish to participate in and take advantage of the
program, and
WHEREAS, Hewlett - Parkard has been declared by the management of the Arkansas Tax Back
Program to be an appropriate applicant to benefit from the features of the program, and
WHEREAS, Hewlett - Parkard will renovate and expand an existing building, and purchase
workstation systems and equipment for workspace for training employees within the HP Customer
Support Center, and
WHEREAS, the project will result in 1000 new jobs and a total investment of $2,657,746.00 and
WHEREAS Hewlett- Parkard has agreed to furnish to the management of the Arkansas Tax Back
Program all information necessary to assure compliance with the terms and conditions of the program;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
Local Government Endorsement of Hewlett - Parkard 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
Hewlett - Parkard 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.
[PAGE 'I OF 2]
Resolution
To endorse Hewlett - Parkard
to participate In the Tax Back Program
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ADOPTED: November 18, 2008
ATTEST:
Na y Wood, ity Clerk
APPROVED AS TO LEGAL FORM:
lug a���-
Thomas M. Carpenter, City Attorney
Resolution
To endorse Hewlett - Parkard
to participate In the Tax Back Program
[PAGE 2 OF 2]
APPROVED:
Mark ttodola, Mayor