ORD NO 05-2002 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. 5 -2002
AN ORDINANCE REVISING THE BUDGET FOR THE YEAR 2002 BY
AUTHORIZING FUNDS TO BE ALLOCATED TO THE VAN BUREN
PUBLIC FACILITIES BOARD.
WHEREAS, The City of Van Buren and the Van Buren Public
Facilities Board have historically worked together
to secure and develop industry within the City
of Van Buren; and
WHEREAS, The Van Buren Public Facilities Board has
diligently promoted the Van Buren Regional Inter
modal Facility for approximately five years; and
WHEREAS, The Public Facilities Board does not have
sufficient funds to market the intermodal facility
to existing industries, and additional resources
must be committed to the project for it to be
marketed successfully; and
WHEREAS, The Regional Intermodal Facility will promote
growth in employment and resources for the City
and will benefit the citizens of the City of Van
Buren; and
WHEREAS, The City of Van Buren has sufficient monies in
the General Fund to allocate $60,000 annually
to the Public Facilities Board and no creditor of
the municipality will be prejudiced thereby:
NOW,THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF VAN BUREN, ARKANSAS:
SECTION 1: THAT the budget for the City of Van Buren for
the year 2002 is hereby revised to appropriate
$60,000.00 from the General Fund to the Public
Facilities Board, to be paid on a semi annual
basis.
PASSED AND APPROVED THIS 15TH DAY OF APRIL 2002
AYOR `S
ATTESTED:
(96 �.uit C l
CITY CLERK- TREASURER