HomeMy WebLinkAbout15793 1 RESOLUTION NO. 15,793
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT
4 ENDORSEMENT OF NEPHROPATHOLOGY ASSOCIATES,PLC, D/B/A/
5 ARKANA LABORATORIES, TO PARTICIPATE IN THE ARKANSAS
6 TAX BACK PROGRAM, AS AUTHORIZED BY ARK. CODE ANN § 15-4-
7 2706(D) OF THE CONSOLIDATED INCENTIVE ACT OF 2003; AND FOR
8 OTHER PURPOSES.
9
10 WHEREAS,the regulations of the Arkansas Tax Back Program require local government endorsement
11 of businesses or enterprises that wish to participate in and take advantage of the program; and,
12 WHEREAS,Nephropathology Associates, PLC,d/b/a/Arkana Laboratories,has been declared by the
13 Management of the Arkansas Tax Back Program to be an appropriate applicant to benefit from the features
14 of the program in its creation of at least seventy-one(71)new jobs and a total investment of at least Thirty
15 Million,Two Hundred Thousand Dollars($30,200,000.00);and,
16 WHEREAS,Nephropathology Associates, PLC, d/b/a/Arkana Laboratories, has agreed to furnish to
17 the management of the Arkansas Tax Back Program all information necessary to assure compliance with
18 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 Nephropathology Associates, PLC,d/b/a/Arkana Laboratories,and the
22 Mayor is authorized to execute any required Certificate of Local Government Endorsement of
23 Nephropathology Associates, PLC, d/b/a/ Arkana Laboratories, 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 and
27 Administration is authorized to refund any City Sales and Compensating Use Taxes collected from
28 Synthesia Technology,Inc.,during the period of time that it participates in the Arkansas Tax Back Program.
29 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
30 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
31 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
32 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
33 resolution.
[Page 1 of 21
1 Section 4. Repealer. All laws,ordinances,resolutions,or parts of the same,that are inconsistent with
2 the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
3 ADOPTED: September 20,2022
4 ATTEST: APPRO / .1:
5
6 J.
7 Allison Segars,D u ity Clerk ance Hines,Vice-Mayor
8 APPROVED AS TO LEGAL FORM:
9
11 Thomas M. Carpenter, City Att .rney
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 21