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ORD NO 13-2009 CITY OF VAN BUREN ORDINANCE NO. t AN ORDINANCE AUTHORIZING THE FORMATION OF A REGIONAL INTERMODAL FACILITIES AUTHORITY; AUTHORIZING AN AGREEMENT BETWEEN THE CITIES OF VAN BUREN AND FORT SMITH AND SEBASTIAN AND CRAWFORD COUNTIES; DECLARING AN EMERGENCY; AND AUTHORIZING AND PRESCRIBING OTHER MATTERS PERTAINING THERETO WHEREAS, the City of Van Buren, Arkansas (the 'City is authorized and empowered under the provisions of Title 14, Chapter 143 of the Arkansas Code of 1987 Annotated (the Act to join with one or more municipalities and /or one or more contiguous counties, for the purpose of forming a regional intermodal facilities authority; and WHEREAS, it is proposed that the City join with Fort Smith and Sebastian and Crawford Counties to form a regional intermodal facilities authority under the Act for the purpose of acquiring, equipping, constructing, maintaining and operating regional intermodal facilities and such other facilities as authorized by the Act, as now or hereafter amended; and WHEREAS, an Agreement for the formation of such an authority has been prepared, a copy of which has been presented to and is before this meeting; NOW, THERFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: (a) The City Council hereby finds and determines that it is in the best interest of the City to join with Fort Smith and Sebastian and Crawford Counties in the formation of a regional intermodal facilities authority for the purpose of acquiring, equipping, constructing, maintaining and operating regional intermodal facilities and such other facilities as authorized by the Act, as now or hereafter amended. (b) The Agreement for the formation of the authority provides that the authority to be created shall have no independent right or power to levy taxes to fund its operations or to pay its debts except taxes levied upon and collected from shippers, transporters or users loading or unloading freight, commerce or passengers at a terminal or other facilities of the Authority. (c) The Agreement for the formation of the authority provides that the obligations of the authority to be created shall be payable from and secured by revenues, property and other resources of the authority and shall not constitute a general or limited obligation of the cities or counties participating. SECTION 2: The formation of a regional intermodal facilities authority pursuant to the Act, to be known as the "Western Arkansas Intermodal Authority" (the "Authority and the City's participation in the same, are hereby authorized. SECTION 3: There is hereby authorized the execution and delivery of an Agreement by and between the City and Fort Smith and Sebastian and Crawford Counties (the "Agreement and the Mayor and City Clerk are hereby authorized to execute and deliver the Agreement for and on behalf of the City. The Agreement is hereby approved in substantially the form submitted to this meeting, and the Mayor is hereby authorized to confer with the other parties thereto in order to complete the Agreement in substantially the form submitted to this meeting with such changes as shall be proposed by such persons executing the document, their execution to constitute conclusive evidence of such approval. SECTION 4: The Mayor and City Clerk, for and on behalf of the City, are hereby authorized to execute and directed to do any and all things necessary to effect the execution and delivery of the Agreement, and the performance of all acts of whatever nature necessary to effect and carry out the authority conferred by this Ordinance. The Mayor and City Clerk are hereby further authorized and directed, for and on behalf of the City, to execute all papers, documents, certificates and other instruments that may be required for the carrying out of such authority or to evidence the exercise thereof. SECTION 5: The City Clerk is hereby authorized and directed to file in the office of the City Clerk as a part of the minutes of the meeting at which this Ordinance is adopted, for inspection by any interested person a copy of this Agreement, and such document shall be on file for inspection by an interested person. SECTION 6: The provisions of this Ordinance are hereby declared to be separable and if any section, phrase or provision shall for any reason be declared to be invalid, such declaration shall not affect the validity of the remainder of the sections, phrases and provisions. SECTION 7: The City Council finds that the immediate implementation of this ordinance is necessary and that it is in the best interest of the public health, safety, and welfare for this ordinance to be effective immediately after its adoption so as to allow for the immediate execution of the agreement and the pursuit of the endeavors contemplated therein. a Passed and approved this (/iv ay r 2009. 1 MAY R ATTEST: i CIS CLERK