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RES NO 02-02-2019 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO.0 -00'.2019 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 WESTERN ARKANSAS INTERMODAL AUTHORITY FOR REGIONAL ECONOMIC DEVELOPMENT. WHEREAS, the City of Van Buren,Arkansas recognizes the need for regional economic development cooperation; and WHEREAS, the Western Arkansas Intermodal Authority(WAIA)was formed 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 WAIA and all members of WAIA are asked to share equally in the operational cost of the entity; and WHEREAS, the City of Van Buren budgeted funds in the 2019 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 WAIA and wishes to continue to support WAIA 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$21,250.00 as the city's equal share for continued operations of WAIA. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt,by a vote of 5 for and V against,the foregoing Resolution at its regular meeting held on the 25th day of February 2019. (t/3)( ose'h P.Hurst ayor `` ATTESTED: APPR r D : a G ''ice'''" Phy is A.Thomas _ a ice A7—ettle City Clerk/Treasurer City Attorney Western Arkansas Intermodal IAAuthority A our region. our vision • our future January 23, 2019 The Honorable Joe Hurst Mayor of Van Buren 1003 Broadway Van Buren, AR 72956 INVOICE #" With the Board of Director's approval of the 2019 Operating Budget to support the Western Arkansas Intermodal Authority, please remit the amount of$21,250 to the Western Arkansas Intermodal Authority. Thank you for your continued financial support and please call should you need additional information. Sincerely, 7/1,„ Sasha Grist, Executive Director Western Arkansas Intermodal Authority Please remit payment to: Western Arkansas Intermodal Authority P.O. Box 2067 =F Fort Smith, AR 72902-2067 WAIA Inv. #01-04-0019 1109 S.16h Street Fort Smith,AR 72901 479-785-2651 Our Region,Our Vision,Our Future