ORD NO 06-2001 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. fr) -2001
AN ORDINANCE REVISING THE BUDGET FOR THE YEAR 2001 BY
AUTHORIZING FUNDS TO BE ALLOCATED TO THE VAN BUREN PUBLIC
FACILITIES BOARD.
WHEREAS, The City of Van Buren, the Van Buren Public Facilities Board and
the Van Buren Chamber of Commerce have historically worked
together to secure and develop industry within the City of Van
Buren; and
WHEREAS, The Van Buren Public Facilities Board and the Van Buren
Chamber of Commerce have diligently promoted the Van Buren
Regional Intermodal Facility for approximately five years; and
WHEREAS, The Public Facilities Board and the Chamber of Commerce do 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: TI -IAT the budget for the City of Van Buren for the year 2001 is
hereby revised to appropriate $60,000.00 from the General Fund to
the Public Facilities Board, and the Mayor is authorized to pay the
Public Facilities Board $60,000.00 per year, to be paid on a semi-
annual basis.
PASSED AND APPROVED THISt OF FEBRUARY, 2001.
MAYOR JOHNRI
AT ESTED:
CITY CLERK TREASURER