Don Marr, Chief of Staff Submitted By
Chief of Staff Department
City of Fayetteville Staff Review Form
City Council Agenda ltems and
Contracts, Leases or Agreements
4t17t2012
City Council Meeting Date Agenda ltems Only
Mayor's Adm inistration Division
City Council Agenda ltems and
Contracts, Leases or Agreements
4t17t2012
City Council Meeting Date Agenda ltems Only
Mayor's Adm inistration Division
A.13
APGR Green, Inc. Page 1 of 4
APGR Green, Inc. Page 1 of 4
Action Required:
Local Government Endoresement of APGR Green lnc to participate in
Local Government Endoresement of APGR Green lnc to participate in
Resolution of the City of Fayetteville Ce
the Arkansas Equipty lnvestment Tax Credit Program and to be eligible to offer income tax credits to its investors in accordance with the regulations of the Arkansas Equity lnvestment Tax Credit Program
the Arkansas Equipty lnvestment Tax Credit Program and to be eligible to offer income tax credits to its investors in accordance with the regulations of the Arkansas Equity lnvestment Tax Credit Program
Cost of this requesl
Account Number
Project Number Budgeted ltem l-l
Account Number
Project Number Budgeted ltem l-l
Category / Project Budget
Funds Used to Date
Remaining Balance
Budget Adjustment Attached l-l
Funds Used to Date
Remaining Balance
Budget Adjustment Attached l-l
Program Category / Project Name
Program / Project Category Name
Fund Name
Program / Project Category Name
Fund Name
Finance and lnternal Services Director
4 -t ",, Date
'l - S-larz^ Date
'l - S-larz^ Date
Previous Ordinance or Resolution # Original Contract Date:
Original Contract Number:
Received in cfl74-'l 4- 12P03:16 R cv D Clerk's Office t t
Received in Mayor's Office
Original Contract Number:
Received in cfl74-'l 4- 12P03:16 R cv D Clerk's Office t t
Received in Mayor's Office
Revised January 15, 2009
lfn ARKAN5 AS
City Council Agenda Memo
To: Mayor and Members of t City Council From: Don Marr, Chief of Staff,
Thru: Mayor Jordan
Date: 0410412012
City Council Agenda Memo
To: Mayor and Members of t City Council From: Don Marr, Chief of Staff,
Thru: Mayor Jordan
Date: 0410412012
A.13
APGR Green, Inc. Page 2 of 4
Gity Gouncil Meeting Date: April 17,2012
APGR Green, Inc. Page 2 of 4
Gity Gouncil Meeting Date: April 17,2012
Subject: Arkansas Equity lnvestment Tax Gredit Program Endorsement Request
Recommendation:
The Gity Staff and Administration recommend on behalf of the Mayor's office that the City Council of the City of Fayetteville, AR pass a resolution in support of APGR Green Inc. request to participate in the State of Arkansas Equity lnvestment Tax Credit Program.
Backqround:
The City of Fayetteville, AR was contacted by Steve Clark, CEO & President of the Fayetteville
Ghamber of Commerce, Ghung Tan the City of Fayetteville's Economic Development Representative Contractor through the Fayetteville Chamber of Commerce and APGR Green lnc.. seeking the City's endorsement of APGR Green lnc to Participate in the Arkansas Equity Investment Tax Credit Program.
APR is a new start up company based in Fayettevitle AR that will initially sell, market and distrlbute an EPA approved sub-terrain pesticide for eradicating fire ants and moles. The Gompany plans to expand and include a mixing center in Fayetteville by 2013. The product is environmentally safe and non-toxic. The Gompany willcreate two (2) new positions paying approximately $75,000 in 2011, and intends to expand up to I positions by 2014, for an expected payroll of approximately $600,000. These are management, skilled and semi-skilled positions.
Budqet lmpact:
There is no budgetary impact for the City on this item.
Recommendation:
The Gity Staff and Administration recommend on behalf of the Mayor's office that the City Council of the City of Fayetteville, AR pass a resolution in support of APGR Green Inc. request to participate in the State of Arkansas Equity lnvestment Tax Credit Program.
Backqround:
The City of Fayetteville, AR was contacted by Steve Clark, CEO & President of the Fayetteville
Ghamber of Commerce, Ghung Tan the City of Fayetteville's Economic Development Representative Contractor through the Fayetteville Chamber of Commerce and APGR Green lnc.. seeking the City's endorsement of APGR Green lnc to Participate in the Arkansas Equity Investment Tax Credit Program.
APR is a new start up company based in Fayettevitle AR that will initially sell, market and distrlbute an EPA approved sub-terrain pesticide for eradicating fire ants and moles. The Gompany plans to expand and include a mixing center in Fayetteville by 2013. The product is environmentally safe and non-toxic. The Gompany willcreate two (2) new positions paying approximately $75,000 in 2011, and intends to expand up to I positions by 2014, for an expected payroll of approximately $600,000. These are management, skilled and semi-skilled positions.
Budqet lmpact:
There is no budgetary impact for the City on this item.
I l3 West Mountain 72701 (479) 575-8323 accessfayetteville.org TDD (Telecommunications Device for the Deaf) (479)-521-1316
Foyetteville o Chomber of Commerce
To: Mayor Lioneld Jordan Don Marr, Chief of Staff
From: Steve Clark, President & CEO
Date: March 19,2012
Subject: Request for a Resolution on behalf of APGR Greenr lnc.
Dear Mayor Jordan:
To: Mayor Lioneld Jordan Don Marr, Chief of Staff
From: Steve Clark, President & CEO
Date: March 19,2012
Subject: Request for a Resolution on behalf of APGR Greenr lnc.
Dear Mayor Jordan:
A.13
APGR Green, Inc. Page 3 of 4
RHCEFVËD
MAR 2 t 2012
CITY OF FAYETTEVILLE MAYOR'S OFFICE
APGR Green, Inc. Page 3 of 4
RHCEFVËD
MAR 2 t 2012
CITY OF FAYETTEVILLE MAYOR'S OFFICE
APGR Green, Inc. (APGR) is making an application with the Arkansas Economic Development Commission (AEDC) to seek approval to offer income tax credits to its investors through the Arkansas Equity Investment Tax Credit program. The regulations of the Arkansas Equity Investment Tax Credit Program require local government endorsement of the businesses or enterprises that wish to participate in and take advantage of this program.
APGR is a new start-up company based in Fayetteville that will initially sell, market, and distribute an EPA approved sub-terrain pesticide for eradicating fire ants and moles. It intends to expand to include a mixing center in Fayetteville by 2013. APGR's product is environmentally safe and non-toxic. It is a product that may rapidly change the way the US addresses the challenge of exterminating fire ants and moles. APGR plans to create two new positions with an annual salary of $75,000 this year (Year 1) and intends to expand to up to 8 positions by 2014 (Year 3) for an expected annual payroll of $600,000. The positions will comprise of semi- skilled, skilled, and management positions.
The Chamber Economic Development Team has identified APGR as the type of businesses targeted for development in Fayetteville. It has a technology that is patented and its product has received EPA approval.
I respectfully request that the City passes a Resolution to show support for APGR's application. Thank you for your kind consideration in this matter.
APGR is a new start-up company based in Fayetteville that will initially sell, market, and distribute an EPA approved sub-terrain pesticide for eradicating fire ants and moles. It intends to expand to include a mixing center in Fayetteville by 2013. APGR's product is environmentally safe and non-toxic. It is a product that may rapidly change the way the US addresses the challenge of exterminating fire ants and moles. APGR plans to create two new positions with an annual salary of $75,000 this year (Year 1) and intends to expand to up to 8 positions by 2014 (Year 3) for an expected annual payroll of $600,000. The positions will comprise of semi- skilled, skilled, and management positions.
The Chamber Economic Development Team has identified APGR as the type of businesses targeted for development in Fayetteville. It has a technology that is patented and its product has received EPA approval.
I respectfully request that the City passes a Resolution to show support for APGR's application. Thank you for your kind consideration in this matter.
L23 W. Mountain/PO Box 4216, Fayettevllle, AR72702 Tel: {479) 52\-L7!O; Fax: (479) 52I-L791-; www.fayettevillear.com
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