RES NO 07-01-1998 CITY OF VAN BUREN, ARKANSAS
:RESOLUTION NO. 7- —1998
A RESOLUTION ALLOWING THE VAN BUREN HOUSING AUTHORITY TO RETAIN PAYMENTS
IN LIEU OF TAXES.
WHEREAS, The Van Buren Housing Authority has agreed to make
payments to the City of Van Buren in lieu of
taxes; and
WHEREAS, There are improvements needed at the Housing
Authority to repair the sidewalks and such
improvements would be for the benefit of citizens
of Van Buren and Crawford County; and
WHEREAS, The funds collected by the Housing Authority as
payments in lieu of taxes could be utilized to
make the needed improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF VAN BUREN, ARKANSAS:
SECTION 1: That the payments in lieu of taxes now due the
City of Van Buren from the Van Buren Housing
Authority for the year 1998, is hereby waived for
the purpose of enabling the Housing Authority to
apply those funds toward improvements for the
facility.
PASSED AND APPROVED THIS 20TH DAY OF JULY ,19 98
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ATTESTED:
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CITY CLERK —TREAS