HomeMy WebLinkAbout129861 RESOLUTION NO. 12,986
2
3 A RESOLUTION TO CERTIFY LOCAL GOVERNMENT ENDORSEMENT OF
4 PROTECH SOLUTIONS, INC., LOCATED AT 124 W. CAPITOL AVE., SUITE
5 1500, LITTLE ROCK, ARKANSAS 72201, TO PARTICIPATE IN THE
6 ARKANSAS TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 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
11 endorsement of businesses or enterprises that wish to participate in and take advantage of the program,
12 and
13 WHEREAS, Protech Solutions, Inc. has been declared by the management of the Arkansas Tax Back
14 Program to be an appropriate applicant to benefit from the features of the program, and
15 WHEREAS, Protech Solutions, Inc. will be purchasing an existhig building, and purchasing new
16 equipment, such as computers and servers, and
17 WHEREAS, the project will result in4 new jobs and a total investment of $2,100,000.00, and
18 WHEREAS, Protech Solutions, Inc. has agreed to furnish to the management of the Arkansas Tax
19 Back Program all information necessary to assure compliance with the terms and conditions of the
20 program;
21 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
22 OF LITTLE ROCK, ARKANSAS:
23 Section 1. The City endorses and the Mayor is authorized to execute any required Certificate of
24 Local Government Endorsement of Protech Solutions, Inc. to participate in the Arkansas Tax Back
25 Program and to be eligible to benefit from any refunds and tax credits, including City gross receipts and
26 compensating use tax credits, in accordance with the regulations of the Arkansas Tax Back Program.
27 Section 2. To the extent the City has authority to grant such authority, the Department of Finance
28 and Administration is authorized to refund any City sales and compensating use taxes collected from
29 Protech Solutions, Inc. during the period of time that it participates in the Arkansas Tax Back Program.
30 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
31 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
32 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
33 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
34 resolution.
(PAGE 1 OF 21
Resolution
To endorse Protech Solutions, Inc,
to participate In the Tax Back Program
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
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: June 2, 2009
ATTEST: APPROVED:
Na cy Wood ity Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City A or ey
//
//
/I
//
//
/1
//
//
Resolution
To endorse Protech Solutions, Inc,
to participate In the Tax Back Program
[PAGE Z OF 21
Mayor