13075I RESOLUTION NO. 13,075
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3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF
4 ARKANSAS GENOMICS, LLC, LOCATED AT 5100 TALLEY ROAD, LITTLE
5 ROCK, ARKANSAS, TO PARTICIPATE IN THE ARKANSAS TAX BACK
6 PROGRAM (AS AUTHORIZED BY SECTION 15- 4- 2706(D) OF THE
7 CONSOLIDATED 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, Arkansas Genomics, LLC has been declared by the management of the Arkansas Tax
13 Back Program to be an appropriate applicant to benefit from the features of the program, and
14 WHEREAS, Arkansas Genomics, LLC will finish out the inside of an existing building and purchase
15 all instrumentation and equipment for DNA testing, and
16 WHEREAS, the project will result in 2 new jobs and a total investment of $1,196,000.00, and
17 WHEREAS, Arkansas Genomics, LLC has agreed to furnish to the management of the Arkansas
18 Tax Back Program all information necessary to assure compliance with the terms and conditions of the
19 program;
20 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
21 OF LITTLE ROCK, ARKANSAS:
22 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
23 Local Government Endorsement of Arkansas Genomics, LLC to participate in the Arkansas Tax Back
24 Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts and
25 compensating use tax credits, in accordance with the regulations of the Arkansas Tax Back Program.
26 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
27 and Administration is authorized to refund any City sales and compensating use taxes collected from
28 Arkansas Genomics, LLC during the period of time that it participates in the Arkansas Tax Back
29 Program.
30 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
31 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
32 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
33 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
34 resolution.
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Resolution
To endorse Arkansas Genomics, LLC to participate In the Tax Back Program
1 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
2 with the provisions of this resolution, are hereby repealed to the extent of such incons�tency.
3 ADOPTED: January 19, 2010
4 ATTEST: APPROVED:
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7 S san L n y, Acting City Clerk Mark Stodola, Mayor
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9 APPROVED AS TO LEGAL FORM:
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12 Thomas M. Carpenter, City AWrney
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Resolution
To endorse Arkansas Genomics, LLC to participate In the Tax Back Program