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0842RESOLUTION NO. 842 (#11-2023) RESOLUTION OF THE CITY COUNCIL OF JACKSONVILLE CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF SIG SAUER, INC. TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT OF 2003); DECLARING AN EMERGENCY, AS FOR OTHER PURPOSES. WHEREAS, in order to be considered for participation in the Tax Back Program, the local government must endorse a business to participate in the Tax Back Program; and WHEREAS, the local government must authorize the refund of local sales and use taxes as provided in the Consolidated Incentive Act of 2003; and WHEREAS, said endorsement must be made on specific form available from the Arkansas Economic Development Commission; and WHEREAS, Sig Sauer, Inc., located at 357 Sig Sauer Drive Jacksonville, AR 72076, has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, Sig Sauer, 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 JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: Sig Sauer, Inc. be endorsed by the City Council of Jacksonville for benefits from the sales & use tax refunds as provided by Section 15- 4-2706(d) of the Consolidated Incentive Act of 2003. SECTION TWO: The Department of Finance and Administration is authorized to refund local sales and use taxes to Sig Sauer, Inc. SECTION THREE: This resolution shall take effect immediately. APPROVED AND ADOPTED THIS 7TH DAY OF DECEMBER, 2023. CITY OF JACKSONVILLE, ARKANSAS FF L ORE, MAYOR RESOLUTION NO. 842 (#11-2023) Page Two ATTEST: SUSAN DVITT, CITY CLERK APPROVED AS TO FORM: STEPHANIE FRIEDMAN, CITY ATTORNEY 0,0lut