HomeMy WebLinkAbout126451 RESOLUTION NO. 12,645
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3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF SBC
4 INTERNET SERVICES, INC. D /B /A AT&T INTERNET SERVICES, INC., LOCATED
5 AT 1111 WEST CAPITOL AVENUE, LITTLE ROCK, ARKANSAS, TO PARTICIPATE
6 IN THE ARKANSAS TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15 -4-
7 2706(D) OF THE CONSOLIDATED INCENTIVE ACT OF 2003); AND FOR OTHER
8 PURPOSES.
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WHEREAS, the regulations of the Arkansas Tax Back Program require local government
endorsement of businesses or enterprises that wish to participate in and take advantage of the
program, and
WHEREAS, SBC Internet Services, Inc. d /b /a ATEtT Internet Services Inc. has been declared by
the management of the Arkansas Tax Back Program to be an appropriate applicant to benefit from the
features of the program, and
WHEREAS, SBC Internet Services, Inc. d /b /a ATEtT Internet Services Inc. will renovate its
existing building and purchase equipment for the operation of the center, and
WHEREAS, the project will result in 175 new jobs and a total investment of $2,800,000 and
WHEREAS, SBC Internet Services, Inc. d /b /a ATEtT Internet Services Inc. has agreed to furnish
to the management of the Arkansas Tax Back Program all information necessary to assure compliance
with the terms and conditions of the program;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section 1. The City endorses and the Mayor is authorized to execute any required Certificate
of Local Government Endorsement of SBC Internet Services, Inc. d /b /a ATEtT Internet Services Inc. to
participate in the Arkansas Tax Back Program and to be eligible to benefit from any refunds and tax
credits, including City gross receipts and compensating use tax credits, in accordance with the
regulations of the Arkansas Tax Back Program.
Section 2. To the extent the City has authority to grant such authority, the Department of
Finance and Administration is authorized to refund any City sales and compensating use taxes collected
from SBC Internet Services, Inc. d /b /a AT&T Internet Services Inc. during the period of time that it
participates in the Arkansas Tax Back Program.
Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
phrase, or 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
[PAGE 1 OF 2]
Resolution
To endorse AT &T to participate
In the Tax Back Program
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in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was 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: February 5, 2008
ATTEST: APPROVED,-,
Nan y Wood, ity Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, Ci y Atto y
Resolution
To endorse ATET to participate
In the Tax Back Program
[PAGE 2 OF 2]
Mark Stodola, Mayor