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Home My WebLink About29-00 RESOLUTIONRESOLUTION NO. 29-00 MICROVTLMED A RESOLUTION OF THE CITY OF FAYETTEVILLE CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF IF WORLD, INC, d/b/a INTERFACE COMPUTER CENTER, TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (a/k/a THE ARKANSAS ENTERPRISE ZONE PROGRAM- ACT 947 OF 1993). WHEREAS, the local government must endorse a business to participate in the Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993; and WHEREAS, the said endorsement must be made on specific form available from Arkansas Department of Economic Development; and WHEREAS, IF World, Inc., d/b/a Interface Computer Center located at 530 N. College Ave., Bldg. C, Fayetteville, Arkansas has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, IF World, Inc., d/b/a Interface Computer Center has agreed to furnish the local government all necessary information for compliance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. IF World, Inc., d/b/a Interface Computer Center is hereby endorsed by the City of Fayetteville, Arkansas, for benefits from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993. Section 2. The Department of Finance and Administration is hereby authorized to refund local sales and use taxes to IF World, Inc., d/b/a Interface Computer Center. Section 3. This resolution shall take effect immediately. PASSED AND APPROVED this 7th day of March , 2000. APPROVE By:e� F ed Hanna, Mayor ATTEST: By: 7 Q %/A46' Heather Woodruff, City Cler NAME OF FILE: • CROSS REFERENCE: 1T: :CSC', pac- e c.UTe,2 Ad✓•9i17A&c Ak'KANs4s /4C'06eflm Date Contents of File Initials ,�-D%OD /ets.29-DD -t ab 2-25 Do S : / :E »2 v O To ..c. a toy. Ci T y (Da ,ven /or ACETT .r �.� APPLTCATroi1)/4 1/AIJTA&C ARKAPJstAs �/10/1R,m- PROSEGT PIAAJ/.ZE-600RI-/L , LAie 3-g-00 42E-7-7" ,t r r7 -6c E kRnm IMAzvede l.i eAgia-- fq.) /.0 TO 1 • STAFF REVIEW FORM Agenda Request FOR THE FAYETTEVILLE CITY COUNCIL MEETING OF March 7, 2000 FROM: Alett Little Economic Development Department ACTION REQUESTED: Approval of a resolution certifying local government endorsement of IF WORLD dba Interface Computer Center located at 530 N. College Ave, Bldg C, Fayetteville, Arkansas to participate in the Advantage Arkansas Program (Act 947 of 1993). COST TO CITY: $0 Cost of this request Category/Project Budget Category/Project Name Account Number Funds Used to Date Program Name Project Number Remaining Balance Fund BUDGET REVIEW: - Budgeted Item Budget Adjustment Attached Budget Coordinator Administrative Services Director CONTRACT/GRANT/LEASE/REVIEW: GRANTING AGENCY: Accol n;(ing City Attorney 0 Date R.L - of Date ADA Coordinator Date Internal Auditor Date Purchasing Officer Date STAFF RECOMMENDATION: Approval of the resolution which will allow IF WORLD dba Interface Computer Center located at 530 N. College Ave, Bldg C, Fayetteville, Arkansas to receive the benefits from refunds/tax credits as provided in the Advantage Arkansas Program, Act 947 of 1993. Ott_ 4,1;t Cross Reference: New Item: Yes No Previous Ord/Res#: Orig Contract Date: R+ is Devel pment Director Date iy• / 1, 574 ReJz • RESOLUTION No. RESOLUTION OF THE CITY OF FAYETTEVILLE CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (ALSO KNOWN AS THE ARKANSAS ENTERPRISE ZONE PROGRAM - ACT 947 OF 1993). WHEREAS, the local government must endorse a business to participate in the Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993; and WHEREAS, said endorsement must be made on specific form available from Arkansas Department of Economic Development, and WHEREAS, IF WORLD dba Interface Computer Center located at 530 N. College Ave, Bldg C, Fayetteville, AR has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, IF WORLD dba Interface Computer Center has agreed to furnish the local government all necessary information for compliance. NOW THEREFORE BE IT RESOLVED BY THE CITY OF FAYETTEVILLE, ARKANSAS, THAT: 1. IF WORLD dba Interface Computer Center be endorsed by the City of Fayetteville, Arkansas, for benefits from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993. 2. The Department of Finance and Administration be authorized to refund local sales and use taxes to IF WORLD dba Interface Computer Center. 3. This resolution shall take effect immediately. Date Passed: Attest: /a ty Clerk Fred B.Ia, Mayor FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS FRED B. HANNA, MAYOR 4500 S. School Ave., Ste. A Fayetteville, AR 72701 Telephone: 501-575-8301 Fax: 501-575-8304 Economic Development Department Alett S. Little, Director TO: Fayetteville City Council FROM: Alett Little, Economic Development Director DATE: February 25, 2000 SUBJECT: Explanation of the Advantage Arkansas (Enterprise Zone) Program The Advantage Arkansas Program provides income tax credits and sales and use tax refunds to qualifying businesses that create new jobs as a result of location, expansion, or facility modernization projects anywhere in Arkansas. Once the endorsement resolution is passed, the application must be filed with the Arkansas Department of Economic Development within 60 days to use the endorsement resolution as the starting date for counting new employees and project costs. If the application is received after the 60 day period, only those employees hired after the date the application is approved and only those project costs incurred from the date the endorsement resolution is received will be eligible for benefits. To qualify for Advantage Arkansas, a business' operations must fit one of the following descriptions throughout the project term: • A manufacturer in Standard Industrial Classification (SIC) codes 20 - 39 including semiconductor and microelectronic manufacturer creating one (1) or more net new full- time permanent jobs. • Computer businesses primarily engaged in providing computer programming services; the design and development of prepackaged software; businesses engaged in digital content production and preservation; computer processing and data preparation services; information retrieval services; computer and data processing consultants and developers. All businesses in this group must employ twenty-five (25) or more net new full-time permanent employees, derive at least sixty percent (60%) of their revenue out of state sales and have no retail sales to the general public; • • Businesses primarily engaged in commercial physical and biological research as classified by 5IC code 8731, which will employ one (1) or more net new full-time permanent employees; • Businesses primarily engaged in motion picture production which will employ twenty-five (25) or more net new full-time permanent employees. All businesses in this group must derive at least sixty percent (6070) of their revenue from out of state sales and have no retail sales to the general public; • An office sector business, which will employ twenty-five (25) or more net new employees and have no retail sales to the general public; • A national, corporate or regional headquarters which will employ twenty-five (25) or more net new employees and have no retail sales to the general public; or • A distribution center, with not retail sales to the public, creating twenty-five (25) or more net new full-time permanent fobs. • A trucking/distribution terminal (51C 4231), with no retail sales to the public, creating twenty-five (25) or more net new full-time permanent jobs. a ?p zea imur RK. Po • Application Advantage Arkansas Program OFFICE USE ONLY Project Number . Applicant Taxpayer Consultant 'f,) k 4A -vi. �,ba. '�r , ace. C o m p td -r Ca nb e u)nr Nam of Company/Corporation 530 Ill. (o l l e ge. q ve BLcI q C c- clic vi llt A2 7270/ Principal Mailing Address 633 tJ. (n liege. AV6. City/State/Zip 15 /6/. C ice--1e.%-Icvi l% AL 72 701 F, Physical Location lre lit TvQ.A 61ant City/State/Zip 5o1-582-61070 Name and Title of Company dontact Phone If company 46,e is filing le. 1%n for l tax credit under a different name, please give complete name. Anri Vir 6:17A10 / - 4143- 6114 I Name 1301 , of Individual or Company/Firm Phone 7 i nn VOL rrr f..11c Y;l )e A E 72 703 Mailing 'Ida,- Address City/ tate/Zip Vol Oa man 5oI-443-4191 Name of Contact Person Phone (Please Iia 800 number if available) Project This application MUST include a project Cost Estimate Land Buildings Equipment • Other TOTAL • Please include description of Other in Pro ea Plan plan. $ $ $ $ a 43 750 Date Received I IMP I 0/D a I IO 5io 8,730 Employers Federal I.D. Number 17111- Arkansas Sales or Consumer Use Tax Number I o I e 13 I o 1517 I5I 1 1 1 1 1 1 10241.1171517161-1712-1-101° Ill Employment Present employment Note: To qualify for permanent employees 1,3 Projected number of net new permanent employee(s) after completion tax refunds and income tax credits, business MUST hire the requisite period. 2. 6 . number of new the sales and use within a 24 month SIC SIC any shall CLASSIFICATION Classification other not is subject this benefits application (Must be included) to audit under the by the Department is found to program. (DF&A). If SIC Classification or the business will be decertified and 7 3 7 of Finance be inaccurate and & Administration portion of receive anv does not qualify, Descnption of principal business activity, products manufactured, etc. ?p zea imur RK. Po r Application Advantage Arkansas Prog• • Page 2 of 2 Information for Income Tax Exemption: Ownership of your business: (please check all appropriate boxes) ❑ Individual ❑ Fiduciary ❑ Partnership ❑ Taxable Corporation ❑ Small Business Corporation ❑ LLC Percent Social Security Number Owner's Name(s) Ownership or Corporate Tax I.D. Number 331/390 <430 • Col • DN(tz 33/320 02- Li 32.39 • X 102. 351/5 70 33'/a90 30 • '41 • 02-237-I When docs your tax year end? 1 / 14 1,511 1 1 CERTIFICATION BEFORE ME, the undersigned authority, jQj/fmtj LkJf.bh (Name of Co pany Offrc'al) personally came and appeared and being duly sworn did depose and say that he/she is dank (Title) of lv(N 4.14.. '%n Iv IQct, Com plAit-r - 'panyName) e anJ-tn^ This affidavit is made for the specific purpose of verifying ththe information contained in these two pages is true and correct. Sworn to and subscribed before me this day of Notary My Commission expires Company Official 19 • • IFWORLD Inc Project Plan Project Description IFWORLD Inc DBA Interface Computer Center has been in business providing Internet research and technology for over 5 years. We started in June 1994, and now have over 15 employees in 2500 sq. of lease space consistently having over 1 million in I9forec annual revenues. We have needed to move and build a location for the past two years _TEgtok and now it seems to be becoming a reality. We have purchased 2.5 acres in the Arkansas Technology and Research Park and the current plan is to build a 6,480 sq. ft building to house our existing businesses. Our current building plans allow us to increase our building to over 20,000 sq. ft. in the future. Cost Breakdown Project Estimated Cost: $500,000 - Land, Construction, Site work etc Estimated Computer Equipment $ 50,000 - Telecommunication Equipment - Server and Workstation Other $ 25,000 - Desk and Other Furnishings • • • IFWORLD Inc. Principal Business Activities IFWORLD Inc consist of 4 Divisions: Interface Computer Center (30%) - Provides onsite network and programming solutions for customer's data processing needs on a contract or hourly basis. Interface Internet (30%)- Provides backbone dedicated Internet services (Internet Access) to companies across NW Arkansas. Interface Internet Client Solutions (30%) - Provides custom programming for e-commerce and sets up online data processing centers for clients. We perform these tasks under contract or on an hourly basis. Interface Internet Ventures (10%)- This is the research division that creates Internet based retail software. FAYETTEVILLE THE CITY OF FAYETTEVILLE. ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Alett Little, Economic Development Coordinator From: Heather Woodruff, City Clerk Date: March 16, 2000 Attached is a copy of the resolution certifying government endorsement of IF World for the Advantage Arkansas Program. I am returning the original application submitted by IF World. The original staff review form and resolution will be microfilmed and filed with the City Clerk. • is . • • RESOLUTION NO. 29-00 A RESOLUTION OF THE CITY OF FAYETTEVILLE CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF IF WORLD, INC, d/b/a INTERFACE COMPUTER CENTER, TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (a/k/a THE ARKANSAS ENTERPRISE ZONE PROGRAM- ACT 947 OF 1993). WHEREAS, the local government must endorse a business to participate in the Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993; and WHEREAS, the said endorsement must be made on specific form available from Arkansas Department of Economic Development; and WHEREAS, IF World, Inc., d/b/a Interface Computer Center located at 530 N. College Ave., Bldg. C, Fayetteville, Arkansas has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, IF World, Inc., d/b/a Interface Computer Center has agreed to furnish the local government all necessary information for compliance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. IF World, Inc., d/b/a Interface Computer Center is hereby endorsed by the City of Fayetteville, Arkansas, for benefits from the ref Inds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993. Section 2. The Department of Finance and Administration is hereby authorized to refund local sales and use taxes to IF World, Inc., d/b/a Interface Computer Center. Section 3. This resolution shall take effect immediately. PASSED AND APPROVED this 7ih day of March 2000. APPROVE By: ATTEST: By: / J/i �a 44Cr Heather Woodruff, City Cler ed Hanna, Mayor