129541
2
RESOLUTION NO. 12,954
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF
4 ARMA DESIGN, LOCATED AT 425 WEST CAPITOL, LITTLE ROCK,
5 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.
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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 program,
11 and
12 WHEREAS, ARMA Design has been declared by the management of the Arkansas Tax Back
13 Program to be an appropriate applicant to benefit from the features of the program, and
14 WHEREAS, ARMA Design will be making leasehold improvements to an existing building and
15 purchasing machinery and equipment for engineering and manufacturing, and
16 WHEREAS, the project will result in 50 new jobs and a total investment of $300,000.00, and
17 WHEREAS, ARMA Design has agreed to furnish to the management of the Arkansas Tax Back
18 Program all information necessary to assure compliance with the terms and conditions of the program;
19 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
20 OF LITTLE ROCK, ARKANSAS:
21 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
22 Local Government Endorsement of ARMA Design to participate in the Arkansas Tax Back Program and
23 to be eligible to benefit from any refunds and tax credits, including City gross receipts and compensating
24 use tax credits, in accordance with the regulations of the Arkansas Tax Back Program.
25 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
26 and Administration is authorized to refund any City sales and compensating use taxes collected from
27 ARMA Design during the period of time that it participates in the Arkansas Tax Back Program.
28 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
29 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
30 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
31 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
32 resolution.
33 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
34 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
Resolution [PAGE 1 OF 2]
To endorse ARMA DESIGN to participate In the Tax Back Program
1 ADOPTED: March 31, 2009
2 ATTEST:
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5 Nan Wood, Ci Clerk
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7 APPROVED AS TO LEGAL FORM:
8 /
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10 Thomas M. Carpenter, ' y Attorney
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Resolution
[PAGE 2 of 2]
To endorse ARMA DESIGN to participate In the Tax Back Program
APPROVED:
Mark Stodola, M yor