HomeMy WebLinkAbout14249 1 RESOLUTION NO. 14,249
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF FIDELITY NATIONAL INFORMATION
5 SERVICES, INC. (FIS), LOCATED AT 4001 NORTH RODNEY PARHAM
6 ROAD #2, LITTLE ROCK, ARKANSAS, TO PARTICIPATE IN THE
7 ARKANSAS TAX BACK PROGRAM (AS AUTHORIZED BY SECTION
8 15-4-2706(D) OF THE CONSOLIDATED INCENTIVE ACT OF 2003);
9 AND FOR OTHER 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, Fidelity National Information Services, Inc. (FIS), has been declared by the
15 management of the Arkansas Tax Back Program to be an appropriate applicant to benefit from the
16 features of the program; and,
17 WHEREAS, Fidelity National Information Services, Inc. (FIS), will be expanding or purchasing an
18 existing facility, or purchase an existing facility and make upgrades, and purchase machinery and
19 equipment with a total estimated project cost of One Million Dollars($1,000,000); and,
20 WHEREAS, the project will result in approximately fifteen (15) new jobs with an annual payroll of
21 Seven Hundred Fifty Thousand Dollars ($750,000.00) for new employees hired for this project, with
22 possible employment of up to a total of 984 employees; and,
23 WHEREAS, Fidelity National Information Services, Inc. (FIS), has agreed to furnish to the
24 management of the Arkansas Tax Back Program all information necessary to assure compliance with the
25 terms and conditions of the program;
26 NOW, THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
27 OF LITTLE ROCK,ARKANSAS:
28 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
29 Local Government Endorsement of Fidelity National Information Services, Inc. (FIS)to participate in the
30 Arkansas Tax Back Program and to be eligible to benefit from any refunds and taxcredits, including City
31 gross receipts and compensating use tax credits, in accordance with the regulations of the Arkansas Tax
32 Back Program.
33 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
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1 and Administration is authorized to refund any City sales and compensating use taxes collected from
2 Fidelity National Information Services, Inc. (FIS), during the period of time that it participates in the
3 Arkansas Tax Back Program.
4 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
5 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
6 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
7 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
8 resolution.
9 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
10 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
11 ADOPTED: December 1,2015
12 ATT _ APPROVED:
13 �``
14 /1g: •
15 Su lip ey,City Clerk Mark Stodola,Mayor
16 APP
AS TO LEGAL FORM:
17
18 ,(/1.—
19 Thomas M.Carpenter, City ttorney
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