HomeMy WebLinkAbout70-93 RESOLUTION•
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RESOLUTION NO. 70-93
A RESOLUTION OF EMDORSEMENT FOR PARTICIPATION
IN THE ARKANSAS ENTERPRISE ZONE PROGRAM FOR
THE MEXICAN ORIGINAL PLANT LOCATIONS OWNED BY
TYSON FOODS, INC., WHICH WILL ALLOW THEM TO
BENEFIT FROM THE REFUNDS/EXEMPTIONS AS
PROVIDED IN THE ARKANSAS ENTERPRISE ZONE
PROGRAM REGULATIONS OF 1989.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section L That the Council hereby endorses the participation in the Arkansas
Enterprise Zone Program for the Mexican Original Plant locations owned by Tyson Foods, Inc.,
which will allow them to benefit from the refunds/exemptions as provided in the Arkansas
Enterprise Zone Program regulations of 1989. A copy of the applications are attached hereto
marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 6th day of July , 1993.
ATTEST: �!J f�
By:4�+.t�Jdti SSA)
Sherry Thomas, City Clerk
APPROVED:
BY:
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Application#
ARKANSAS ENTERPRISE ZONE PROGRAM
SECTION A - COMPANY INFORMATION
1. Name of Firm: Tyson Foods, Inc.
2. Principal mailing address: P.O. Box 2020. Springdale. AR 72765-7070
3. Location of Business:
2700 South School, Fayetteville, AR 72701
(Street Address) (City or County)
4. Enterprise Zone by Census Designation: CT_, BG_, ED
5. Standard Industrial Classification Code (SIC): 2099
6. Description of principal business activity , products manu-
factured, etc.
Cooked food products.
7. Date firm began or anticipates operations in Enterprise Zone:
OctnbPr 1981
8. Contact person: Kevin K. Griffin 9. Phone (501) 290-7105
EXHIBIT A
SECTION B - EMPLOYMENT DATA
1. How many employees do you now have? 412 as of 5-19-9:
lnumber) (date
2. What was your average annual employment for the previous
fiscal year? 425 (Add monthly averages and divide by _
or by number of months in business.)
3. How many additional full time (20 hours or more per week
employees do you anticipate hiring during this fiscal yez:
40
In order to receive enterprise zone tax credits, AIDC strong_
encourages hiring through the local Arkansas Employment Secu-
Division. The business must certify (and verify after hirinc
that at least 35% of its net new employees meet the criteria
forth in Section 1 published by the Revenue Division of the
Arkansas Enterprise Zone Program Regulations.
In proceeding with employment, remember that 35% of all new
employees must be (a) residents of the same county as the
location of the business or counties adjacent thereto; and (:
have been receiving some form of public assistance immediate_
prior to employment; or are considered unemployable by
traditional standards or lacking in basic skills at the time-
employment.
Public assistance means any contribution, monetary or otherw_
made by federal, state, county, and/or local governments to
individuals who qualify therefore by reason of indigence and: -
unemployment, as determined by the applicable rules, regulat-
or guidelines, of each public assistance program (e.g.
unemployment insurance compensation, Section 8 housing payme =
Social Security, etc.)
Employees considered unemployable by traditional standards s`
have met items 2, 3, and 4 of those listed below. A person =
would qualify as lacking in basic skills should .meet criteria
3, and 4 of the following items:
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SECTION C - INFORMATION FOR SALES/USE TAX
1 Describe the project and items for which sales/use tax
credit is requested. Include whether expansion or new
construction of building space; identify whether project
is phased development if there are plans for expansion in
the future; and construction schedule and purchase of
machinery/equipment schedule. Provide examples of
expected expenses such as type of equipment and activities
to be carried out in new or expanded facilities.
NOTE: No sales or use tax rebates can be issued on
Licensed Motor Vehicles. Rebates issued on building
materials are primarily those which become a
permanent part of the structure.
Expand existing production capacity to meet demands.
2. Anticipated Costs:
$ Land
$ Building
$ 983,888.00 Equipment
$ Other (describe
on separate
sheet)
$ 983,888.00 Total
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3. The business and its contractors must give preference and
priority to Arkansas Manufacturers, suppliers, contractors
and labor, except where it is not reasonable possible to do
so without added expense, substantial inconvenience or
sacrifice in operation efficiency. Provide an estimate of
the percent of expenditures in the following categories:
Arkansas:
Building, Machinery
Equipment Labor
-0- 6 45,000 % 90%
Outside
Arkansas: $933,888 1006 5,000 810%
4. Explain the need for purchases outside of Arkansas:
Due to a high degree of specialized equipment that is not
produced within Arkansas, we will be required to make purchases
outside of state
5. Projected Construction Start March 4, 1993
6. Projected Construction Completion Sept. 30, 1993
7. Projected Commencement of Hiring Aug. 30, 1993
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SECTION D - INFORMATION FOR INCOME TAX EXEMPTION
1. Is ownership of your business:
Individual Fiduciary
Partnership
Taxable Corporation X Small Business Corp.
Owner(s) Name
Percent
Ownership
Social Security or Corporate
Tax I.D. Number
Tyson Foods, Inc. 100% 71-0225165
2 A business must file its Arkansas income tax statement no
later than 4 1/2 months after the end of the calendar or
fiscal year. When will this company file our state income
tax return forms? 3/15 to 12/15
(date) (date)
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3. CERTIFICATION
BEFORE ME, the undersigned authority, personally came and
appeared Gary W. Johnson who being first duly sworn
(Name of Company Official
did depose and say, that s/he is Corporate Controller of
Tyson Foods, Inc.
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(Title)
(Company)
This affidavit is made for the specific purpose of verifying
that s/he has examined the information contained in these nine
pages.• Sworn to and subscribed before me the day of
, 19
(Notary)
My commission expires
BY (" Signatur of pany Official)
Gary W. Johnson
Corporate Controller
Application#
ARKANSAS ENTERPRISE ZONE PROGRAM
SECTION A - COMPANY INFORMATION
1 Name of Firm: Tyson Foods, Inc.
2. Principal mailing address: P.O. Box 2020, Sorin&dale, AR 72765-2020
3. Location of Business:
1851 East Huntsville Rd. Fayetteville, AR 72701
(Street Address) (City or County)
4 Enterprise Zone by Census Designation: CT_, BG_, ED_
5. Standard Industrial Classification Code (SIC): 2099
6 Description of principal business activity , products manu-
factured, etc.
Cooked food products.
7. Date firm began or anticipates operations in Enterprise Zone:
Oct 1983
8. Contact person: Kevin K. Griffin 9. Phone (501)290-7105
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SECTION B — EMPLOYMENT DATA
1. How many employees do you now have? 402 as of 5-19-93
(number) (date)
2. What was your average annual employment for the previous
fiscal year? 345 (Add monthly averages and divide by 12
or by number of months in business.)
3. How many additional full time (20 hours or more per week)
employees do you anticipate hiring during this fiscal year?
60
In order to receive enterprise zone tax credits, AIDC strongly
encourages hiring through the local Arkansas Employment Security
Division. The business must certify (and verify after hiring)
that at least 35% of its net new employees meet the criteria set
forth in Section 1 published by the Revenue Division of the
Arkansas Enterprise Zone Program Regulations.
In proceeding with employment, remember that 35% of all new
employees must be (a) residents of the same county as the
location of the business or counties adjacent thereto; and (b)
have been receiving some form of public assistance immediately
prior to employment; or are considered unemployable by
traditional standards or lacking in basic skills at the time of
employment.
Public assistance means any contribution, monetary or otherwise,
made by federal, state, county, and/or local governments to
individuals who qualify therefore by reason of indigence and/or
unemployment, as determined by the applicable rules, regulations,
or guidelines, of each public assistance program (e.g.
unemployment insurance compensation, Section 8 housing payments,
Social Security, etc.)
Employees considered unemployable by traditional standards should
have met items 2, 3', and 4 of those listed below. A person that
would qualify as lacking in basic skills should meet criteria 1,
3, and 4 of the following items:
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(1) be required to participate in a company
training program; or
(2) been unemployed for at least 13 weeks prior to
employment with the company;
(3) should not have quit last employer without good
cause to gain employment with the company; and
(4) have registered with either the Arkansas
Employment Security Division or a private
employment agency.
4. Estimated number of qualifying net* new employees (exclude
owners) for which you expect to take the $2,000 income tax
credit.
*Net - difference between annual average of one year over the
average of previous year.
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SECTION C - INFORMATION FOR SALES/USE TAX
1. Describe the project and items for which sales/use tax
credit is requested. Include whether expansion or new
construction of building space; identify whether project
is phased development if there are plans for expansion in
the future; and construction schedule and purchase of
machinery/equipment schedule. Provide examples of
expected expenses such as type of equipment and activities
to be carried out in new or expanded facilities.
NOTE: No sales or use tax rebates can be issued on
Licensed Motor Vehicles. Rebates issued on building
materials are primarily those which become a
permanent part of the structure.
Expansion to include additional production line to increase
capacity to meet current and expected demands.
2. Anticipated Costs:
$ Land
$ Building
$ 5,500,000.00 Equipment
Other (describe
on separate
sheet)
$ 5,500,000.00 Total
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3. The business and its contractors must give preference and
priority to Arkansas Manufacturers, suppliers, contractors
and labor, except where it is not reasonable possible to do
so without added expense, substantial inconvenience or
sacrifice in operation efficiency. Provide an estimate of
the percent of expenditures in the following categories:
Building, Machinery
Equipment
Arkansas: 1 %
Outside
Arkansas:
99 %
Labor
76 %
24 %
4. Explain the need for purchases outside of Arkansas:
Due to a high degree of specialized equipment that is not produced
within Arkansas, we will be required to make purchases outside
outside of state.
5. Projected Construction Start May 1, 1993
6. Projected Construction Completion Aug 31, 1993
7. Projected Commencement of Hiring July 1993
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SECTION D - INFORMATION FOR INCOME TAX EXEMPTION
1. Is ownership of your business:
Individual Fiduciary Partnership
Taxable Corporation X Small Business Corp.
Owner(s) Name Percent
Ownership
Social Security or Corporate
Tax I.D. Number
Tyson Foods, Inc. 100% 71-0225165
2. A business must file its Arkansas income tax statement no
later than 4 1/2 months after the end of the calendar or
fiscal year. When will this company file our state income
tax return forms? 3/15 to 12/15 .
(date) (date)
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3. CERTIFICATION
BEFORE ME, the undersigned authority, personally came and
appeared Gary W. Johnson who being first duly sworn
(Name of Company Official
did depose and say, that s/he is Corporate Controller of
(Title)
Tyson Foods, Inc.
(Company)
This affidavit is made for the specific purpose of verifying
that s/he has examined the information contained in these nine
pages. Sworn to and subscribed before me the day of
, 19
(Notary)
My commission expires
D
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Signatur of ompany Official)
Gary W. Johnson
Corporate Controller
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