RES NO 09-07-2004 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. "l q -2004
A RESOLUTION SUPPORTING ARKANSAS CONSTITUTIONAL
AMENDMENT 2.
WHEREAS, the public policy decisions of the Arkansas Legislature impact
every citizen of the state, both private and corporate, and
ultimately determine to a great extent the level of prosperity and
achievement enjoyed by Arkansas citizens; and
WHEREAS, the inability to adequately fund the infrastructure related costs
associated with a super project in Arkansas creates a competitive
disadvantage in economic expansion, and other southern states
have enjoyed the economic benefits of locating a super project
resulting in the loss of opportunity for economic development and
expansion in Arkansas; and
WHEREAS, the location of a super project creating a minimum of 500 jobs with
a capital investment of $500,000,000 will increase the quality of
life of the citizens of Arkansas; and
WHEREAS, super projects require large up -front commitment of funds for
infrastructure such as water /wastewater capacity, rail access, and
connection of roads to interstate highways and utilities; and
WHEREAS, the Arkansas Legislature has wisely offered the Arkansas
electorate the opportunity at the November 2004 general election
to amend the Arkansas Constitution to allow the Arkansas General
Assembly, meeting in regular or special session, the authority to
approve general obligation bonds, not to exceed five percent (5
of state general revenues, to fund an economic development
project investing a minimum of five hundred million dollars
($500,000,000) and creating a minimum of five hundred (500)
jobs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VAN BUREN:
SECTION 1: That the City Council and its membership endorse and support the
proposed Amendment 2 to the Arkansas Constitution; and
SECTION 2: That the City Council resolves to educate its membership about the
necessity of Amendment 2 to the economic development benefits
of a super project locating in Arkansas and supporting the cause
Amendment whenever and however possible in the coming year,
including through educational seminars, communication through
newsletters and other means, providing information on its website,
encouraging members to financially support the Amendment 2
campaign, and encouraging members to vote; and
SECTION 3: That the City Council authorizes the Arkansas Economic
Developers to use our name while supporting the cause of
Amendment 2 during the campaign.
PASSED AND APPROVED THIS c O� DAY OF gaS9)-hem b ep_ 2004.
W L_
MAYOR I HN RIG P
ATTESTED:
VA
CITY CLERK TREASUER