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RES NO 12-01-2013 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO I 2013 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 ENTER INTO A JOINT CONTRACT WITH THE VAN BUREN CHAMBER OF COMMERCE AND PROVIDE FINANCIAL ASSISTANCE FOR A COMMUNITY ECONOMIC ASSESSMENT WHEREAS, the City of Van Buren, Arkansas recognizes the need for regional economic development cooperation; and WHEREAS, the City of Van Buren and the Van Buren Chamber of Commerce wish to contract with The Institute for Economic Advancement at UALR to develop and conduct a Community Economic Assessment for both the county and city of Van Buren to measure community economic activity and readiness for many efforts in economic development, including strategic planning and business development; and WHEREAS, funding is necessary for the study and the Chamber of Commerce and the City of Van Buren wish to share equally in the cost. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: SECTION 1. The City of Van Buren, Arkansas fully supports the Van Buren Chamber of Commerce and wishes to support the economic assessment. SECTION 2. The Mayor of the City of Van Buren, Arkansas is hereby authorized and directed to sign all documents to effectuate this resolution and to make payment in the amount of $2,500.00 as the city's equal share of said study. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 4, for and 0 against, the for goin_ Resolution at its r gular meeting held on the 16 day of December 2013. Robert D. ee- iiY May ATTESTED: APP h e ?''4-v` e t.-0 —4111. Barbie Curtis Candice A. Settle City Clerk/Treasurer City Attorney