HomeMy WebLinkAbout205-07 RESOLUTIONRESOLUTION NO. 205-07
A RESOLUTION CERTIFYING LOCAL GOVERNMENT ENDORSEMENT
OF BUSINESS TO PARTICIPATE IN THE TAX BACK PROGRAM {THE
CONSOLIDATED INCENTIVE ACT OF 2003, SECTION 15-4-2706(D)}.
WHEREAS, the local government must endorse a business to participate in the Tax
Back Program and benefit from the refunds/tax credits as provided in the Consolidated Incentive
Act of 2003, Section 15-4-2706(d); and
WHEREAS, the local government must authorize the refund of local sales and use tax as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the
Arkansas Department of Economic Development; and
WHEREAS, Casestack, Inc., located at 1165 E Joyce Boulevard, Fayetteville, Arkansas
has sought to participate in the program and more specifically has requested benefits accruing
from startup of the 1165 E Joyce Boulevard office complex; and
WHEREAS, Casestack, Inc. 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. That the City Council of the City of Fayetteville, Arkansas hereby endorses
Casestack, Inc. for benefits from the refunds/tax credits as provided in the Consolidated Incentive
Act of 2003, Section 15-4-2706(d).
Section 2. That the City Council of the City of Fayetteville, Arkansas hereby authorizes
the Department of Finance and Administration to refund local sales and use taxes to Casestack,
Inc.
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PASSED and APPROVED this 4th day of December, 2007.
APPROVED: ATTEST:
By:
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FAYETTEVILLE:90. iy: �'o,','G70i414c,�a,‘••1411111:%%DAN COODY, Mayor SOA E. SMITH, City Clerk/Treasurer
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Ray M. Boudreaux
Submitted By
City of Fayetteville
Staff Review Form
City Council Agenda Items
or
Contracts
12/4/2007
City Council Meeting Date
Aviation & Economic Development
Division
Action Required:
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General Government
Department
Action Required: Approve Local Govemment Endorsement of Casestack, Incorporated, to participate in the State
Tax Back incentive program.
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Cost of this request
Account Number
Project Number
Budgeted Item
Funds Used to Date
Remaining Balance
Budget Adjustment Attached
Program Category / Project Name
Program / Project Category Name
Fund Name
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Dep
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Date
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City Attorn
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Finance and Internal Service Director
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Date
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Date
Previous Ordinance or Resolution #
Original Contract Date:
Original Contract Number:
Received ity Z9tbc,k's Office
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Received in Mayor's Offic
Comments:
City Council Meeting of: Dec 4, 2007
Agenda Item Number:
CITY COUNCIL AGENDA MEMO/STAFF CONTRACT REVIEW MEMO
TO: Mayor and City Council
THRU: Staff/Contract Review Committee
FROM: Ray M. Boudreaux, Director, Aviation and Eco r omic Development
DATE: November 15, 2007
SUBJECT: Approval of Tax Back application fro Casestack Incorporated for
business startup in Fayetteville at 1165 E. Joyce Blvd. Signature of
the Mayor and Clerk.
RECOMMENDATION: Approve resolution certifying Casestack, Incorporated to
participate in the Tax Back Program. The Arkansas Tax Back program refunds sales and
use taxes to the business for building materials and taxable equipment connected with the
eligible project.
BACKGROUND: Casestack President and CEO, Dan Sanker recently relocated to
Fayetteville with the prime purpose of opening a Casestack Regional Headquarters. They
have leased office space at the Joyce Blvd location and plan on hiring 10 people to start
DISCUSSION; Casestack, Incorporated is a logistics company handling goods from source
to market all over the United States.
BUDGET IMPACT: None.
Attachments: Staff Review Form
Tax Back Resolution
Aviation and Economic Development Department
Fayetteville Municipal Airport, Drake Field
4500 South School Avenue, Suite F
Fayetteville, Arkansas 72701
Ray M. Boudreaux, Director
RESOLUTION No.
A RESOLUTION CERTIFYING LOCAL GOVERNMENT ENDORSEMENT
OF BUSINESS TO PARTICIPATE IN THE TAX BACK PROGRAM (THE
CONSOLIDATED INCENTIVE ACT OF 2003, SECTION 15-4-2706(D)).
WHEREAS, the local government must endorse a business to participate in the Tax
Back Program and benefit from the refunds/tax credits as provided in the Consolidated Incentive
Act of 2003, Section 15-4-2706(d); and
WHEREAS, the local government must authorize the refund of local sales and use tax as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the
Arkansas Department of Economic Development; and
WHEREAS, Casestack, Inc., located at 1165 E Joyce Boulevard, Fayetteville, Arkansas
has sought to participate in the program and more specifically has requested benefits accruing
from startup of the 1165 E. Joyce Boulevard office complex; and
WHEREAS, Casestack, Inc. 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. That the City Council of the City of Fayetteville, Arkansas hereby endorses
Casestack, Inc. for benefits from the refunds/tax credits as provided m the Consolidated Incentive
Act of 2003, Section 15-4-2706(d).
Section 2. That the City Council of the City of Fayetteville, Arkansas hereby authorizes
the Department of Finance and Administration to refund local sales and use taxes to Casestack,
Inc.
PASSED and APPROVED this 4th day of December, 2007.
APPROVED: ATTEST:
By: By:
DAN COODY, Mayor SONDRA SMITH, City Clerk/Treasurer
1(12.10.07) Clarice Pearman - Res. 205-07
Page 1
From:
To:
Date:
Subject:
Attachments:
aarice Pearman
Boudreaux, Ray
12.10.07 11:56 AM
Res. 205-07
205-07 Casestack Inc. Tax Back Prgm.pdf
CC: Audit
Ray:
Attached is a copy of the above resolution passed by the City Council, December 4, 2007. Please let me know if there is
anything else needed for this item. Have a good day.
Thanks.
Clarice