0604 000112
RESOLUTION NO. 604 ( #5 - 07)
A RESOLUTION CERTIFYING AND ENDORSING THE PARTICIPATION
OF AGL CORPORATION IN THE TAX BACK PROGRAM BY THE CITY
OF JACKSONVILLE AS AUTHORIZED BY ACA § 15- 4- 2706(D) OF THE
CONSOLIDATED INCENTIVE ACT OF 2003; AND, PRESCRIBING
OTHER MATTERS RELATING THERETO.
WHEREAS, in order for a business to be considered for participation in
the Tax Back Program, the local municipality must endorse said participation;
WHEREAS, the City of Jacksonville understands that it must authorize
the refund of local sales and use taxes as provided in the Consolidated
Incentive Act of 2003 and must do so in a form approved by the Arkansas
1 Department of Economic Development;
WHEREAS, AGL Corporation, located at 2202 Redmond Road, seeks
n
participation in the Program, more specifically to expand its local
manufacturing of laser equipment through a joint project with a sister
company from Germany. Doing so will allow AGL to hire new employees,
install new equipment, and re -train several other employees;
WHEREAS, AGL agrees to furnish the City of Jacksonville with all
necessary information for compliance with the Tax Back Program.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THECITYOFJACKSONVILLE, ARKANSAS, THAT:
SECTION ONE The City of Jacksonville hereby endorses AGL
Corporation's participation and benefits from the Sales and Use Tax refunds
as provided by ACA § 15- 4- 2706(d) of the Consolidated Incentive Act of
2003.
SECTION TWO: The Mayor and City Clerk are hereby authorized
and directed to execute all appropriate agreements and documents necessary
to expedite AGL's participation in said Program.
SECTION THREE: The Department of Finance and Administration is
hereby authorized to refund local sales and use taxes to AGL Corporation of
2202 Redmond Road, Jacksonville, Arkansas.
SECTION FOUR: Any and all other Resolutions in conflict herewith
are hereby repealed to the extent of said conflict.
SECTION FIVE: This Resolution shall be in force and effect from
and after its date of passage.
APPROVED AND ADOPTED THIS (Q DAY OF SEPTEMBER,
2007.
CITY OF JACKSONVILLE, ARKANSAS
♦Jrr�.�. A # •a
TOMMY SWAIM, i AYOR
ATTEST:
SUSA DAVITT, CITY LERK e.
f
APP'O /D AS TO roR y
21"
ROBE 'T E. BAS : r /'ORNEY