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• <br /> City of Batesville, Arkansas <br /> 170 South 4th <br /> Batesville, Arkansas 72501 <br /> Attention: Mayor and Members of the City Council <br /> Re: Quail Valley Sewer Improvement District No. 1 of <br /> Batesville, Arkansas <br /> Ladies and Gentlemen: <br /> Quail Valley Sewer Improvement District No. 1 of Batesville, <br /> Arkansas (the "District" ) will have sufficient funds on hand on <br /> • February 1, 1990 to pay all its outstanding Improvement Bonds, <br /> dated February 1, 1978. The District has no other outstanding <br /> bonds or obligations. Therefore, the District does not need to <br /> collect taxes in 1990 from property owners in the District. <br /> The District' s taxes are levied annually by the City pursuant to <br /> Ordinance No. 886, passed February 14, 1978. Therefore, it is <br /> necessary for the City to pass a new ordinance providing that <br /> the taxes will not be extended for collection in 1990 or <br /> thereafter. A proposed ordinance is attached. The ordinance <br /> should be adopted and filed with the County Clerk and County <br /> Collector prior to the Quorum Court extending taxes for <br /> collection in 1990. <br /> DATED: 1989 . <br /> QUAIL VALLEY SEWER IMPROVEMENT <br /> DISTRICT NO. 1 OF BATESVILLE, <br /> ARKANSAS <br /> By <br /> Commi sioner <br /> By u j <br /> eAA— <br /> Co i Toner <br /> • B CZ,t',,-&'—p- ct& <br /> Co ss1one r <br />