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RES NO 01-02-2015 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO. - / 2015 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 2015 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$37,025.00 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 for and 0 against,the fore:.' . Resolution at its regular meeting held on the 26th day of January 2015. -Oh- - Robert D.Free . - Mayor AT ESTED: 64.4. 461) AP: ' O FORM: Barbie CurtisL---Candice • . ettle City Clerk/Treasurer City Attorney I • Western Arkansas Intermodal Authority 1109 South 16th Street Fort Smith,AR 72901 (479) 785-2651 Fax(479) 785-1964 January 05, 2015 The Honorable Bob Freeman Mayor of Van Buren 1003 Broadway Van Buren, AR 72956 INVOICE For support of the Western Arkansas Intermodal Authority, please remit the amount of$37,025 to the Western Arkansas Intermodal Authority. Thank you for your support and please call should you need additional information. Sincerely, 4111Sasha Grist, Executive Director Western Arkansas Intermodal Authority Please remit payment to: Western Arkansas Intermodal Authority P.O. Box 2067 Fort Smith, AR 72902-2067 WAIA Inv. #01-03-0015