RES NO 04-07-2011 CITY OF VAN BUREN, ARKANSAS R
RESOLUTION NO. 1\ 1 2011
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN,
ARKANSAS, A RESOLUTION TO BE ENTITLED:
A RESOLUTION TO AUTHORIZE THE MAYOR TO PROVIDE
FINANCIAL ASSISTANCE TO THE REGIONAL INTERMODAL
TRANSPORTATION AUTHORITY FOR REGIONAL
ECONOMIC DEVELOPMENT.
WHEREAS, the City of Van Buren, Arkansas recognizes the need for regional economic development
cooperation; and
WHEREAS, the Regional Intermodal Transportation Authority (RITA) was formed in August of 2009
by the cities of Van Buren and Fort Smith and the counties of Crawford and Sebastian to
work toward improving the area's effectiveness in transporting goods while enhancing
the potential for economic development in the region; and
WHEREAS, funding is necessary to continue the operations of RITA and all members of RITA are
asked to share equally in the operational cost of the entity; and
WHEREAS, the City of Van Buren budgeted funds in the 2011 city budget for such operations.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN,
ARKANSAS, THAT:
SECTION 1. The City of Van Buren, Arkansas fully supports RITA and wishes to continue to support
RITA and the economic development of our region.
SECTION 2. The Mayor of the City of Van Buren, Arkansas is hereby authorized and directed to make
payment in the amount of $25,000.00 as the city's equal share for continued operations of
RITA.
IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass,
approve, and adopt, by a vote of 5 for and 0 against, the forgo Resolution at its regular meeting
held on the 18 day of April 2011.
Ro.ert
5 ED: tjai.k.l D`AS FORM:
Barbie Curtis ans ice A. Se w e
City Clerk/Treasurer City Attorney