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Home My WebLink About15007 1 RESOLUTION NO. 15,007 2 3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT 4 ENDORSEMENT OF ARKANSAS LASER SERVICES, LLC, LOCATED 5 AT 2200 COMMERCIAL LANE, LITTLE ROCK, ARKANSAS, TO 6 PARTICIPATE IN THE ARKANSAS TAX BACK PROGRAM, AS 7 AUTHORIZED BY ARK. CODE ANN. § 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 endorsement 12 of businesses or enterprises that wish to participate in and take advantage of the program; and, 13 WHEREAS, Arkansas Laser Services, LLC, has been declared by the management of the Arkansas 14 Tax Back Program to be an appropriate applicant to benefit from the features of the program in a total 15 investment of One Million, Eight Hundred Seventy-Seven Thousand, Nine Hundred Forty-Eight and 16 13/100 Dollars($1,877,948.13), and between twenty-two(22)and fifty(50)new jobs; and, 17 WHEREAS,Arkansas Laser Services,LLC,agreed to furnish to the management of the Arkansas Tax 18 Back 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 Arkansas Laser Services, LLC, and the Mayor is authorized to execute 22 any required Certificate of Local Government Endorsement of to participate in the Arkansas Tax Back 23 Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts and 24 Compensating 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 and 26 Administration is authorized to refund any City Sales and Compensating Use Taxes collected from United 27 Parcel Service,Inc., 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 with [Page 1 of 2] 1 the provisions of this resolution, are hereby repealed to the extent of such inconsistency. 2 ADOPT I_• June 4,2019 3 A li, • `.; APPROVED: 4 5 I/All/ )<•\*, li 6 S s. i L:`t,il b ity Clerk Frank Scott,Jr.,Ma r 7 AP' 'OV p; 1 LEGAL FORM: 8 i 9 / 4 I. 10 Thomas M. Carpenter,City Atto ff•y 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 2 of 2]