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RES NO 02-02-2017 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO. a - a 2017 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, funding is necessary to enter into a contract with Vickerman and Associates,LLC.for preparation of a"Request for Expressions of Interest and Targeted Market Assessment" and all members of RITA are asked to share equally in the expense of the contract. 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$40,000.00 as the City's equal share for continued operations of RITA and$40,000.00 for the City's equal share of the contract with Vickerman and Associates,LLC.. IN WITNESS WHEREO,F, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt,by a vote of (9 for and 0 against,the fo -:•• g Resolution at its regular meeting held on the 27th day of February 2017. Robe a I. r an -- Mayor ATTESTED: • "Nth N ' • FORM: Wilf/Va;,(40GLCCV Phyllis Thomas :'ce A. Settle City Clerk/Treasurer City Attorney Western Arkansas Intermodal Authority 1109 South 16th Street Fort Smith, AR 72901 (479) 785-2651 Fax(479) 785-1964 January 03, 2017 The Honorable Bob Freeman Mayor of Van Buren 1003 Broadway Van Buren, AR 72956 INVOICE With the Board of Director's approval of the 2017 Operating Budget to support the Western Arkansas Intermodal Authority, please remit the amount of $40,000 to the Western Arkansas Intermodal Authority. Thank you for your continued financial support and please call should you need additional information. Sincerely, dia).04 Sasha 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. #01-04-0017