RES NO 04-01-1988 U-1 -lcM
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. I -1988
A RESOLUTION COMMITTING THE CITY TO USAGE OF SALES TAX PROCEEDS AND TO
THE REDUCTION OF PROPERTY TAXES.
WHEREAS, There is a need to commit the City to certain uses of
the proceeds if the sales tax is passed on May 3, 1988;
and
WHEREAS, The City Council desires to reduce the Property Taxes
on the citizens of Van Buren if the sales tax is passed
on May 3, 1988:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN, ARKANSAS:
THAT, The following commitments are made on behalf of the
City if the sales tax is passed on May 3, 1988:
1. Sales Tax proceeds will be used as follows:
A. 50o for Public Safety (police and fire
protection).
B. 50o for Capital Improvements, with top
priority given to sidewalks near Van
Buren's elementary schools and street
improvements.
2. A new fire station will be built in the Northern
part of Van Buren and fully equipped using present
City Reserve Funds.
3. Reduce City Property Taxes by 3 Mills.
This Resolution supersedes the action of the City Council on March 21,
1988, regarding the use of Sales Tax Proceeds.
PASSED AND APPROVED THIS 12TH DAY OF APRIL 1988.
i n
ATTESTED;.
CI Y CLK ��'PPP
ER REASURER