RES NO 11-04-1989 k1
CITY OF VAN BUREN, ARKANSAS
y
RESOLUTION NO. -1989
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A DEED TO FLOYD LAMPROE
FOR LOTS 11 AND 12, BLOCK 1, FABER ADDITION TO THE CITY OF VAN BUREN,
ARKANSAS.
WHEREAS, The above lots were acquired by the Van Buren
Urban Renewal Agency with Community Develop-
ment Funds; and
WHEREAS, Mr. Floyd Lamproe, who owns adjoining property,
has offered $1,900 for 2 lots which was set by
the Urban Renewal Agency as the minimum accept-
able price; and
WHEREAS, The only Community Development project still
underway is the King Opera House Renovation:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF VAN BUREN:
THAT, 1. The Mayor is hereby authorized to execute
a deed to Floyd Lamproe for the above lots
and the City Clerk- Treasurer is hereby
authorized to attest the Mayor's signature.
2. The funds derived from the sale are to be
deposited in the King Opera House Restora-
tion Account.
PASSED AND APPROVED THIS 20TH DAY OF NOVEMBER ,19 89
,;(42;6// ci7A407
MAYOR
ATTESTED:
CI Y CLERK- TREASURER
CITY OF VAN BUREN, ARKANSAS
1990 PROPOSED BUDGET
(General, Street, City Park and Capital Improvements)
imated Balance December 31, 1989:
General 800,000.00
Street 40,000.00
City Park 3,000.00
Capital Improvements 500,000.00
1,343,000.00
Less: Authorized Commitments From Prior Years:
Prior Balance To 1990 Revenues (General Fund) 50,000.00
New Cars Res. 112 -9 -1989 52,006.00
Capital Improvements (11th St. Alma Blvd.) 50,000.00
Res. 113 -10 -1989
152,006.00
Estimated Balance Available 1,190,994.00
1990 Estimated Revenues Per Attached 3,198,200.00
Total Available Revenues Estimated Balance Current 4,389,194.00
1990 Estimated Expenditures 3,167,912.00
Estimated Balance December 13, 1990 1,221,282.00
1990 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, City Park and Capital Improvements
REVENUES
0
Forward From Prior Years 50,000.00
State Turnback General 245,000.00
State Turnback Street 385,000.00
Sales Tax 1,240,000.00
Interest Capital Improvements Fund 20,000.00
2 Mill Property Tax 130,000.00
1/2 of 3 Mill Property Tax (Road) 90,000.00
Franchise Tax 620,000.00
Privilege Tax 80,000.00
Court Fines 170,000.00
Inspection Fees 20,000.00
Dog License 100.00
Zoning Fees 500.00
Interest 60,000.00
Small Claims 5,000.00
Housing Authority 1,600.00
County Share Municipal Court 9,000.00
Miscellaneous 10,000.00
Street Department Miscellaneous 10,000.00
City Park 22,000.00
Library Funds 30,000.00
TOTAL ESTIMATED AVAILABLE REVENUES $3,198,200.00
1990 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street. City Park and Capital Improvements
DISBURSEMENTS
Of
Adm. Salaries $169,000.00 Other Expenses $18,500.00 187,500.00
Payroll Taxes 49,000.00
Contributions 5,000.00
Utility Telephone 24,000.00
Insurance and Surety Bonds 40,000.00
Dues and Subscriptions 16,000.00
Postage and Printing 8,000.00
Building Maintenance 8,000.00
Miscellaneous 3,000.00
Group Insurance 180,000.00
Retirement 54,000.00
Unemployment Insurance 6,000.00
Water Sewer Capital Improvement Fund 240,000.00
Contingency Fund 20,000.00
Police Salaries $444,000.00 Other Expenses $94,900.00 538,900.00
Fire Salaries $470,000.00 Other Expenses $95,500.00 565,500.00
Mun. Court Sal. 37,800.00 Other Expenses $12,612.00 50,412.00
Library Sal. 25,000.00 Other Expenses $12,500.00 37,500.00
Capital Improvements 500,000.00
Fixed Assets 40,000.00
Street Salaries $167,000.00 Other Expenses $212,000.00 379,000.00
Contract Street Work 40,000.00
Sidewalk Program 3,000.00
Street Lights 120,000.00
City Park Sal. 33,000.00 Other Expenses $20,100.00 53,100.00
ESTIMATED TOTAL EXPENDITURES $3,167,912.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 30,288.00