13424I RESOLUTION NO. 13,424
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF ALL WEATHER INSULATED PANELS, TO BE
5 LOCATED AT 15000 PANATELA PARKWAY, LITTLE ROCK,
6 ARKANSAS, TO PARTICIPATE IN THE ARKANSAS TAX BACK
7 PROGRAM (AS AUTHORIZED BY SECTION 15- 4- 2706(D) OF THE
8 CONSOLIDATED INCENTIVE ACT OF 2003); AND FOR OTHER
9 PURPOSES.
10
11 WHEREAS, the regulations of the Arkansas Tax Back Program require local government
12 endorsement of businesses or enterprises that wish to participate in and take advantage of the program;
13 and
14 WHEREAS, All Weather Insulated Panels has been declared by the management of the Arkansas
15 Tax Back Program to be an appropriate applicant to benefit from the features of the program; and
16 WHEREAS, All Weather Insulated Panels will be retrofitting an existing structure for manufacturing
17 operations and installing a custom made production line and related equipment for the manufacture of
18 prefabricated insulated metal panels for building walls and roofs; and
19 WHEREAS, the project will result in thirty -five (35) new jobs and a total investment of
20 $1,116,000.00; and
21 WHEREAS, All Weather Insulated Panels has agreed to furnish to the management of the Arkansas
22 Tax Back Program all information necessary to assure compliance with the terms and conditions of the
23 program;
24 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
25 OF LITTLE ROCK, ARKANSAS:
26 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
27 Local Government Endorsement of All Weather Insulated Panels to participate in the Arkansas Tax Back
28 Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts and
29 compensating use tax credits, in accordance with the regulations of the Arkansas Tax Back Program.
30 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
31 and Administration is authorized to refund any City Sales and Compensating Use Taxes collected from
32 All Weather Insulated Panels during the period of time that it participates in the Arkansas Tax Back
33 Program.
34 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
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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 were 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.
ADOPTED: January 17, 2012
ATTEST: APP ,]ROVED-
/7
, City Clerk
►S TO LEGAL FORM:
Gl o- • Cyr°
Thomas M. Carpenter, City Yttorney
//
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purls, vice iviayor