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A RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS TO APPROVE A CONTRACT WITH ARKANSAS TAX ASSOCIATES, INC. FOR THE AUDIT AND EVALUATION OF PRIOR TAX PAYMENTS (NOTE: THIS ORDINANCE WAS POSTPONED TEMPORARILY ON APRIL 7, 2009, BUT WAS NOT BROUGHT BACK UP FOR CONSIDERATION)
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WHEREAS, The City of Jonesboro desires to obtain assistance and recommendations requiring an independent audit of city invoices for the past three years for the purpose to determine if the City of Jonesboro is due any rebate of sales tax on purchases during this period of time and:
WHEREAS, The City of Jonesboro desires to retain the services of Arkansas Tax Associates, Inc. and:
WHEREAS, the funding for the Contract is based on percentage of refunds, credits, and benefits received including interest. Compensation shall be provided pursuant to the schedule included in the contract and:
WHEREAS, no cost will be incurred by the City of Jonesboro unless rebates are discovered.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1: That the City of Jonesboro shall enter into a contract with Arkansas Tax Associates, Inc. for assistance and recommendations regarding an independent audit of the city's prior tax payments, the recovery of any claims due, and to assist the city with the management of tax accruals for a sum not to exceed 35% of refunds, credits, and benefits received (including interest.) A copy of said contract is attached hereto and indentified as Exhibit "A".
SECTION 2: The funding for the Contract is based on percentage of refunds, credits, and benefits received including interest. Compensation shall be provided pursuant to the schedule included in the contract.
SECTION 3: The Mayor, Harold Perrin, and the City Clerk, Donna Jackson, are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this change order.