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01 January 2006 Regular MINUTES OF THE VAN BUREN, ARKANSAS CITY COUNCIL MEETING HELD JANUARY 23, 2006 The City Council of the City of Van Buren, Arkansas met at 7:00 p.m., Monday, January 23, 2006 at City Hall. The meeting was called to order by Mayor Riggs. On roll call the following Council members answered as their names were called: Alderman Swaim, Parker, Moore, Spoon Dodd, and Sagely. City Attorney Candice Settle and City Clerk Barbie Curtis were also present. This made a total of nine (9) present. A quorum was declared. The Invocation was given by Dr. James Crawford of The Eye Group. Next Mayor Riggs led the Pledge of Allegiance. On the agenda next, Mayor Riggs asked to adopt the minutes of the Council Meeting on December 19, 2005. Alderman Swaim made a motion to approve the minutes. Alderman Parker seconded the motion. On roll call the following Council members voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd and Sagely. The following voted nay: none. On the agenda next was to consider A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR ENDING DECEMBER 31, 2005. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. There was none. Alderman Swaim seconded by Alderman Sagely moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd, and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -1 -2006 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. I- 1 2006 THAT, Current year's expenditures from the Capital A RESOLUTION ADOPTING A REVISED BUDGET FOR THE Improvements Fund in the amount of $1,059,848.29 (One Million, YEAR ENDING DECEMBER 31, 2005, Fifty -Nine Thousand, Eight Hundred Forty -Eight Dollars and Twenty -Nine Cents) are approved as follows: (Administration BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN $25,610.00; Fire Department $2,797.03; Street Fund BUREN, ARKANSAS: $781,405.42; Water Sewer $240,000.00; Parks Recreation $5,035.84; Library $5,000.00; and THAT, 2005 Current year's revenues of $14,268,344.60 (Fourteen Million, Two Hundred Sixty -Eight Thousand, Three THAT, Current year's expenditures from Civil Small Claims Hundred Forty -Four Dollars and Sixty Cents) are appropriated Fund in the amount of $13,944.78 (Thirteen Thousand Nine and a copy of said Budget is attached hereto and made a part Hundred Forty -Four Dollars and Seventy -Eight Cents) are hereof; approved; and THAT, 2005 Current year's expenditures of $14,402,867.64 THAT, Current year's expenditures from the King Opera (Fourteen Million, Four Hundred Two Thousand, Eight Hundred House Fund in the amount of $19,419.44 (Nineteen Thousand, Sixty Seven Dollars and Sixty -Four Cents) including Four Hundred Nineteen Dollars and Forty -Four Cents) are expenditures from prior year's balances are appropriated and a approved. copy of said Budget is attached hereto and made a part hereof; and PASSED AND APPROVED THIS (93 W DAY OF JANUARY, 2006. THAT, Transfers from General Fund to King Opera House Fund in the amount of $9,400.00 (Nine Thousand, Four Hundred Dollars) are approved; and THAT, Transfers from General Fund to Sidewalk Fund in MAYOIR21/ the amount of $22,135.82 (Twenty -Two Thousand, One Hundred Thirty -Five Dollars and Eighty -Two Cents) are approved; and ATTESTED: THAT, Current year's expenditures from the LOPFI Fund in the amount of $132,256.28 (One Hundred Thirty -Two Thousand, Two Hundred Fifty -Six Dollars and Twenty -Eight Cents) are R� approved; and t' CITY CLERK TREASURER On the agenda next was to consider a RESOLUTION ACCEPTING BID FOR PROPERTY OFFERED BY SEALED BID. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. There was none. Alderman Swaim seconded by Alderman Dodd moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd, and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -2 -2006 CITY OF VAN 13UREN, ARKANSAS RESOLUTION NO. l "ea" -2006 A RESOLUTION ACCEPTING BIDS FOR PROPERTY OFFERED BY SEALED 1311). WIIEREAS, The Mayor has advertised for bids for the sale of property previously used by the Building Department that was removed from fixed assets upon the recommendation of the Auditors; and WHEREAS, Bids have been received and opened as advertised and the Council has accepted bids; and WHEREAS, The highest bidder on two vehicles no longer desires to purchase the vehicles; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: THAT the Council hereby accepts the next highest bids in the following amounts on the following vehicles: $320.00 bid by Glen 13rasuell 1997 White Ford Crown Victoria $201.00 bid by Jim Richesin 1996 White Ford Crown Victoria PASSED AND APPROVED TIIIS cJ UAY OF JANUARY, 2006. a I 'MAYO 1011N RIG ATTESTED: CITY CLERK/TREASURER On the agenda next was to consider a RESOLUTION AUTHORIZING THE PURCHASE OF THREE POLICE VEHICLES UNDER THE STATE CONTRACT. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. There was none. Alderman Swaim seconded by Alderman Spoon moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -3 -2006 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. I '-.3 -21106 A RESOLUTION AUTHORIZING T11E PURCHASE OF THREE POLICE VEIIICLES UNDER THE STATE CONTRACT. WHEREAS, Under authority of A.C.A. 19 -11 -201, and following, and Resolution 2 -2- 1993, the City of Van Buren, Arkansas is authorized to purchase certain equipment including cars, under state procurement contracts and that such purchases are exempted from the requirements of competitive bidding; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: The Mayor is authorized to enter into a purchasing agreement for three (3) 2006 Ford Crown Victoria vehicles for the price of $20,708.00 each, totaling $62,124.00 under the state procurement contract subject to Resolution 2 -2 -1993. Two of the vehicles will be purchased with federal drug forfeiture funds. PASSED AND APPROVED TIIIS ,93 DAY OF JANUARY, 2006. 2 MAYO 1 OHN RIG ATTESTED: CITY C,flK/1'REASURER On the agenda next was to consider a RESOLUTION DECLARING A STRUCTURE TO BE A NUISANCE AND DECLARING CONDEMNATION. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. There was none. Alderman Swaim seconded by Alderman Dodd moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon- Dodd and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution .adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -4 -2006 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. I 4 -2005 A RESOLUTION DECLARING A STRUCTURE TO BE A NUISANCE AND DECLARING CONDEMNATION. WHEREAS, Tommy Craft is the record owner of certain property located in the City of Van Buren, Crawford County, Arkansas, which is located at 203 Prospect, Van Buren, Arkansas; and WHEREAS, The structure which is presently located upon said property is in a deplorable state of disrepair, and the property is in such a condition that it constitutes a health and safety hazard to the citizens of Van Buren and especially to those living in that neighborhood; and, WHEREAS, Under authority of A.C.A. 14 -56 -203 and Van Buren Ordinance No. 26 -1997, the City, through its City Council, can declare said property to be a nuisance and require its removal within 30 days. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the structure and conditions described above are hereby declared a nuisance, and it is hereby ordered that the property shall be cleaned up, and the structure(s) shall be removed within 30 days of the receipt by the owner of this Resolution. e PASSED AND APPROVED THIS 0 DAY OF JANUARY, 2006. G MAYOR .14INRIGCS ATTESTED: Za e daAr CITY CLERK\TREASURER On the agenda next was to consider a RESOLUTION ADOPTING THE REVISED RULES AND REGULATIONS AND JOB DESCRIPTIONS FOR THE FIRE DEPARTMENT. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. There was none. Alderman Swaim seconded by Alderman Parker moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -5 -2006 CITY OF VAN 13UREN, ARKANSAS RESOLUTION NO. 5 -2006 A RESOLUTION ADOPTING THE REVISED RULES AND REGULATIONS AND JOB DESCRIPTIONS FOR THE FIRE DEPARTMENT. WHEREAS, 11 is necessary to update and revise the existing rules and regulations and job descriptions for the Fire Department of the City of Van Buren to conform to changes in the law and policy; WHEREAS, A copy of the revised rules and regulations and job descriptions is attached hereto and all employees shall receive a copy of the revised rules and regulations and job descriptions; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the revised Rules and Regulations and job descriptions for the Fire Department of the City of Van Buren attached hereto is hereby adopted and the existing Rules and Regulations and job descriptions are hereby repealed. All current employees shall receive a copy of the new Rules and Regulations and job descriptions. PASSED AND APPROVED THIS a %DAY OF JANUARY, 2006. MAYOR JO i RIGGS ATTESTED: CITY CLERK/TREASURER On the agenda next was to consider AN ORDINANCE ESTABLISHING A SYSTEM FOR ASSIGNING ADDRESS NLTNIBERS WITHIN THE CITY OF VAN BUREN, ARKANSAS. The Clerk read part of the Ordinance. Mayor Riggs said without any objection was there a motion to go to the second reading. Alderman Swaim moved that the rules be suspended and the Ordinance be placed on its second reading. The motion was seconded by Alderman Parker. On the Clerk's calling the roll the following vote resulted: Ayes Alderman Swaim, Parker, Moore. Spoon, Dodd and Sagely. Mayor Riggs declared the motion carried as there were six (6) ayes and (0) nays. Four (4) votes being necessary for passage. The Ordinance was read the second time. Alderman Swaim moved that the rules be further suspended and the Ordinance placed on the third and final reading. The motion was seconded by Alderman Spoon. On the Clerk's calling the roll, the following vote resulted: Ayes Alderman Swaim. Parker, Moore, Spoon, Dodd and Sagely. Mayor Riggs declared the motion carried as there were six (6) ayes and (0) nays. Four (4) votes being necessary for passage. The Clerk then read the Ordinance the third and final time. Then Mayor asked if there was any discussion. There was none. Alderman Swain seconded by Alderman Parker moved that the Ordinance be adopted. The question was put by the Mayor on the adoption of the motion and the roll being called. the following voted aye: Alderman Swaim, Parker. Moore, .Spoon, DGud and Sagely. The Mayor declared the motion Carried as there were six (6) ayes an 0) nays. Four (4) votes being necessary for passage. The Mayor thereupon declared the Ordinance duly passed and signed same in open Council, duly attested by the City Clerk. THE ORDINANCE WAS GIVEN THE NUMBER 1 -2006 g uested as ww as a br fl statement of what they proposed appeal; or varia- tion consists of. A sign three (3) feet wife and, four(4) feet high shall be 201 placed upon the property IEteic of the building insoperor, SECTION 2: Numbering numbers increase away SECTION 3: Platted Subdi giving the date, place of System., Within the City of from. the East-West ad- l visions. In platted, residenj so it is not clearly visible the public hearing and CITY OF VAN BUREN, AR- Van Buren, the North- dressing baseline and tial subdivisions, the City from the street the num- what the appeal or vat{ KANSAS South addressing baseline even numbers on the right /Representative shall as' ber(s) assigned shall be lance consists of, fifteen ORDINANCE NO.1 -2006 is hereby designated as side. On East -West I sign each lot an address! placed near the driveway (15) days before the date Arkansas Highway 59 from streets, odd numbers shall :Address numbers will .be or common entrance to of the public hearing. The AN ORDINANCE ESTAB- the north city limits ex- 1 be assigned to the left assigned to the center of such buildings. Numbers Board shall also give no LISHING A SYSTEM FOR tending south to Hemlock side of the street as ad- leach lot. Address numbers P ainted or tice of such hearing to in- ASSIGNING ADDRESS Avenue, then .west to the dress numbers increase stenciled on shall not be a terested persons and or-', NUMBERS WITH THE CITY j west end of Hemlock Ave- away from the North shall substitute for the display' OF VAN BUREN, ARKAN- along addressing ',even numerical sequence nue,•' then south alon I south addressin base- the e be assigned odd or to lots in of addres dee SAS. Highland Avenue, to Elm line. and even numbers on in s numbers as de- deem m feasible s easible and the as it shai- c with Article scribed in this Article. No cable. Upon date of the in accordance Avenue' -and(" 'continuing the right side 2 above. Corner lots shall occupancy certificate of cate hearing any party may ap- WHEREAS, That there is a south along Major Henry be assigned two (2) ad- shall be issued for any im- pear before the board in need to establish a system to the Arkansas River and All numbers assigned to dresses. The City Repre-, proved property for which person or by attorney. The for assigning address the East -West addressing property and buildings sentative based on the a building permit is issued applicant shall be required numbers for the City of baseline is hereby desig- shall be assigned on the building permit site plan, until the provisions of this) to pay a filing fee of then Van Buren to prevent con- nated as Main Street/Ki- basis of one for each 25 will determine the official ordinance have been met. I ($10.00) dollars to cover fusion and bier Road (AR Hwy 162) feet street frontage. address for corner lots! the cost of publishing and SECTION 5: Variance Pro -1 mailing notices and such establish conformity of from the Arkansas River to Where alot of record is in I The front building en procedures; and the East City_ limits._AII excess of 25 feet of road cedure. An appeal or ap -I other expenses as may he p trance shall' establish the avenuesstreets and alleys frontage, with a single front of the building for Placation for variance may i incurred in connection WHEREAS. The Planning running generally North building accessed by a purposes of addressing be made the Board -t with such appeal or appli- Commission, after notice and South shall be num- driveway, the building ad- and determining building Adjustment t by any terr- cation. and a public hearing has bered to increase from the dress shall he the nearest setback requirements. son, first or corporation recommended that the East -West addressing address number corre- aggrieved, or by any got- SECTION 6: S City adopt a system for baseline. cbhsecutively to sponding to the location SECTION 4: Owners to Pro- meat, board or btal off bu s eaua old ina ncesces or parts c assigning address num- the city, liinits or.the ex of the building's front vide Numbers. Every) mete, herewith in a hers. tremity of'such'avenue, al- door. property owner of im fected by any decision ofi the hehe extent are repealed t t et. ley —or street. Avenues, proved property for, the.. n,' y �,Representetiye, the extent of the conflict. NOW THEREFORE, BE IT streets or alleys running For a building located which a building permit is' i n parbased•i Ord bY The provisions of this ordi- ORDAINED BY THE CITY generally East and West along a driveway or un- issued shall. purchase and in part upon provi- COUNCIL OF THE CITY OF shall be numbered to in- named private road, display in a'conspicuous signs of this Ordinance.. nance are declared to be severable, and if VAN BUREN, ARKANSAS: crease from the North which is visible from a place on said property the The Bpu shall pub lili of A notice ions lleg for any South addressing baseline public street, the address address number assigned. sh. a the time and place e c o o of a ff i d, reason n be holding shall l or lnnot SECTION I: Address As_ in the same manner. number shall be the near- The number herein re- affect such at the validity signment Responsibility. est number corresponding quired shall not be less public hearing is t remainder of of f the not Property address within One whole number shall to the junction of the than three (3) inches in appeal d on: such notice nance. for such remainder of this ordi- the Van Buren city limits have been assigned for driveway with the public height and shall be of du- variation' shall be the responsibility every twenty -five (25) feet street. rable reflective material shall be published at least of the City of Van Buren. of street frontage wheth- to enhance visibility. The once, not less than ten PASSED AND APPROVED THIS DAY OF IANU (10) days proceeding th The Mayor's authorized er improved property or All address numbers as- number(s) shall be con- -e. representative, herein vacant lot,on every street signed to buildings shall date of such hearing in an ART, 2006 006 called the City Represen- spicuously placed on the within the corporate lim- /be assigned to the front front of each building he official paper or ne circulation I tative, Shall assign new its. Odd numbers shall be ,(front entrance side) of that the number visible 'Per of general circulation MAYOR JOHN RIGGS property addresses in ac- I assigned to the left side of from and oriented toward t Van twin t such notice BI BAR CU the building. the street on which the Ito contain the particular, CITY CURTIS cordance with this ordi- the street on all North- l nonce. South streets_as_address 1 number is based. Whenev- loca!ionfor which the ap CITY CLERK/TREASURER numbe buildin is situated peal_or_ ;variation is rep I Published in the January 128, 2006 issue of the Press l Argus- Courier Next on the agenda was time for Boards and Connnissions. The Fairview Cemetery Board recommended the re- appointment of Martha Jones to serve another five (5) year term on the Cemetery Board. Alderman Parker seconded by Alderman Swaim made a motion to accept the recommendation of the Fairview Cemetery Board. The Council followed with a unanimous vote. The City Recreation Commission recommended the re- appointment of Brian Fry to another five (5) year term. Alderman Dodd seconded by Alderman Swaim made a motion to accept the City Recreation Commission s recommendation. The Council followed with a unanimous vote. Next Police, Fire Building Inspector, District Court and Engineer Reports were presented for filing. Next was time for miscellaneous and general discussion. Mayor Riggs said they have something coming up and asked Nicole Moore the Chamber of Commerce Executive Director to speak. She introduced Mr. Tom Mansky, president of the Fort Smith Chamber of Commerce. Mr. Mansky delivered his presentation to the Council. He said for the last two (2) years they had been working with a site selection group with regards to a large employer, a company who was looking for a spot to locate, initially starting out with five hundred (500) people but which has now grown up to seven (700) hundred people. He said the company was looking at several hundred cities throughout the United States. Mr. Mansky said they narrowed it down to four (4) cities and then made the final cut at two (2) cities. He said they had showed the company three (3) sites, one (1) was in Van Buren and the other two (2) were in Fort Srnith. They ended up choosing a site in Fort Smith as their preferred site and Van Buren was number two (2). He said that unfortunately the site in Fort Smith had been pulled right out from under them. He said they moved into an emergency mode to try to save the project and right away they shifted their attention to the Van Buren site. Mr. Mansky said it would take about twelve (12) to twenty-four (24) months to ramp up to five hundred (500) employees and within thirty six (36) to forty-eight (48) months they would want to be up to seven hundred (700) employees. He said it was a large Company, a Fortune Five Hundred Company. He said the City of Van Buren had made an offer of support and they certainly appreciated it. He said that the Fort Srnith Regional Chamber of Commerce, because they are now operating in a regional fashion, has a substantial financial participation in luring the company to our region. He said the State of Arkansas has a package on the table. He said they feel like this would be the last week to negotiate. He said they had been in pretty deep negotiations with the company for about four (4) months and are doing everything to get the company here. Mr. Mansky said they need a new roof on the building and he has received a bid, he said it was too high to share light now. He said he knew the City of Van Buren had a proposal to participate in the package with the group. Mr. Mansky said he would be happy to answer any questions. Mayor Riggs said this was the first that some of the Council members had heard about this because he had just found out last week. The Mayor told the Council he was sure they had some questions. Alderman Spoon asked Mr. Manske if he could share with the Council who the Company was. Mr. Mansky said he could not share at this time. He said about three (3) months ago they e-mailed a nineteen (19) -page confidentiality agreement. He said most of them would recognize the name of the company. Alderman Sagely asked if they would be adding on to the building. Mr. Mansky said they were in negotiations with the building owner. He said they probably need about ninety (90) percent of the building. I-Ie said there was too much space in the building and that was the one thing that had turned them off of that building. He said the State had a nice package on the table and that was part of the reason they were still looking at the City of Van Buren. Mr. Mansky said the Chamber of Fort Smith had put an economic development grant on the table. He said their capital investment had probably tripled since they had lost the other site. Mr. Mansky said that was the reason he was there, begging and pleading. Alderman Swaim said the fact that they have an offer of five hundred (500) jobs for S250,000 that was absolutely a no- brainer in his opinion. Alderman Swaim said all he could say was "Tom bring us some more Mayor Riggs asked to go ahead and read the Resolution. Next on the agenda was the Financial Statement. Motion was made by Alderman Swaim and seconded by Alderman Parker to appropriate the sum of $931,209.01 to pay expenses and salaries for December 2005, presented by the City Clerk Treasurer. The Council followed with a unanimous vote. m �e PACE. 1 1 -05 -2006 02;36 PO c] i x O T M IhL BALANCE C U a B N AS OF. UEClaf9HP 1]ST, 2005 10 General Fund 500X ro 00TI MONIH 'FO DPTE ACCOUNT Nµ8 DEBITS CREDITS DEBITS CRFOITS ACRY ASSETS 4= 0.00 200.00 1000 petty Cash 93,720 -04 169,045.92 1020 Cash in Yank 0.00 0 0.00 1020.18 Cash in Bank SaleS Tax City 0.00 35.000.00 1030.17 New Police Dept 20,526.54 61,90].80 8 1 9, 9 3 2. 3 4 1020.10 Cash in Bank PO Co Tax 41,4/3.46 F,. 25,333.51 I 526' I3+ 1020.19 Cash in bank FU Co Tax 3]5.00 4,)]5.00 1020.20 Cash In Bank- Erosion Control 9 3, 5 0 8. 1 1+ 0.00 3,394.1] 1020.29 Cash in Dank Levee 1 2 3 5 2 t 2,500.00 124,096.53 1020.31 cash in Bard Parks a Rec 50.43 ]4/ 95 1 4 2 0 U 2 F 1020.51 Cash in Bank Cemetery 104,466.50 561,099.60 1 7 7 5 5 9 1020.91 Cash in Bank Cap Imp 0.00 0'00 1040 investments 0.00 006 0.00 1040.10 Investments sales Tax City 209 -Ui 4 0 00 O.00 9 3 1 1 1040.18 lnvestmen[c PO Co Tax 0.00 0.00 1040.09 Investments P9 Co TO 0.00 0.00 1040.2/ Investments Levee 0.00 0.00 1040.31 Investments Parks L Rec 3.52 40,5]).03 1040.51 Inv a s[nente Cemetery 0.00 ]6],]58.9] 1040.91 Investments Cap Imp 0.00 0.00 1040.92 Capital Improvement CO 0.00 0.00 1050 Fixed Asoets 0.00 0.00 1051 Accumulated Depreciation 0.00 0.00 1504 Due from Payroll 0.00 D. 00 1505 Due From Other Funds 0.35 4120 w from w 0.25 from screed F d o.00 0.00 1540 Due From Library Fund I LIABILITIES AND FOND PAUNCH iu. 0.00 0.00 2000 ACCOUntn PaYable 0.00 0.00 2010 Municipal Health Inn. Payable 0.00 0.00 2030 Colw)al Life Payable 0.00 0.00 00 2035 Credit Uni On -First Resource 0.00 0.00 2040 LOPFI payable 35.28 0.00 2050 National Foundatiw Life ins. 0.00 0.00 2000 Cwseco Payable 0.00 2090 New 'fork Life Ina. Payable 0.00 0 00 0.00 2100 Life Ina. of Georgia Payable 0.00 0.00 2130 Garns4hmenca Payable 0.00 0.00 2135 R. Allen Trust 0502355610 0.00 0.00 2140 United Mar Payable 5.00 235.00 2150 Parks 9 Rec. F.O.D. 0.00 services 0.00 2160 ere -Pala Legal 0.00 0.00 2 1]0 F.O.P. 0.00 0.00 21]5 Van Buren Fire Fighters Union 0,00 n Contribution 0.00 2176 Van Buren Ftrme 0.00 0.00 21]] Police Officers Onion A RESOLUTION COMMITING FUNDS FOR INFRASTRUCTURE IMPROVEMENTS. The Clerk read the Resolution in its entirety. Mayor Riggs asked if there was any discussion. Alderman Dodd asked if they pass the Resolution would whatever money there was to be distributed go through the City Attorney for an ok. Mayor Riggs said yes it would. Alderman Spoon asked if other support by local entities would be outlined later. Mayor Riggs said once we decide on whether or not we are supporting the company then everything will be worked out. Alderman Swaim seconded by Alderman Parker moved that the Resolution be adopted. The question was put by Mayor Riggs on the adoption of the motion and the roll being called, the following voted aye: Alderman Swaim, Parker, Moore, Spoon, Dodd and Sagely. And the following voted nay: none. The Mayor thereupon declared the Resolution adopted and signed the Resolution, which was attested by the City Clerk and impressed with the seal of the City. THE RESOLUTION WAS GIVEN THE NUMBER 1 -6 -2006 CITY OF VAN BUREN, AR KANSAS RESOLUTION NO. 1. 1 //1J -2006 A RESOLUTION COMMUTING FUNDS FOR INFRASTRUCTURE IMPROVEMENTS. WHEREAS, The City of Van Buren understands that a business is considering establishing its operation in the Fort Smith -Van Buren area, specifically at a site in Van Buren, and that the business is expected to create initially five hundred new jobs that would be available for area residents; and WHEREAS, The City understands that the location of the business in Van Buren is predicated upon the provision of certain tax incentives by the State of Arkansas and infrastructure improvements and other support by local entities; and WHEREAS, the City is being asked to participate in the cost of infrastructure improvements, tentatively identified by the business as needed to support its location and operation, up to the amount of $250,000.00 in cost; and WHEREAS, The City recognizes the importance of economic development and the creation of new jobs and private investment in the city and immediate region and understands that its participation and support of the new business's location in Van Buren is an essential part of achieving this as it relates to this business. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the City Council of the City of Van Buren hereby commits up to $250,000.00 in city funds for the purpose of funding the costs of infrastructure improvements that are necessary for the location and operation of the new business in Van Buren, which are still to be determined in detail, with the understanding that the City's funding of any improvements must be consistent with and allowable under State law and local ordinances, upon which its ultimate approval of expenditures at a later time will be predicated. PASSED AND APPROVED THIS 2 3J DAY OF JANUARY, 2006. MAYOR JOHN RI Oar AT'1 LSTED; CITY CLERK/TREASURER Alderman Spoon seconded by Alderman Swaim made a motion to adjoum. The Council followed with a unanimous vote. The meeting adjourned at 7:33 p.m. APPROVE ATTESTED: v/ U v1 MAYOR �J