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RESOLUTION NO. ! 3 <br /> A RESOLUTION ACKNOWLEDGING THE INTENT OF AND <br /> COMMITMENT BY THE CITY OF BATESVILLE, ARKANSAS <br /> TO ISSUE REVENUE BONDS FOR THE PURPOSE OF <br /> FINANCING THE COSTS OF ACQUIRING, CONSTRUCTING <br /> AND EQUIPPING CERTAIN SOLID WASTE DISPOSAL <br /> FACILITIES; AND AUTHORIZING AND PRESCRIBING <br /> OTHER MATTERS PERTAINING THERETO. <br /> WHEREAS, the City of Batesville, Arkansas (the "City") <br /> owns and operates facilities for the collection, handling and <br /> disposal of garbage, trash and other refuse (the "System") ; and <br /> WHEREAS, the City proposes to acquire, construct and <br /> equip a solid waste disposal incinerator and associated facilities <br /> (W for the production of steam (the "Project") to be operated as <br /> part of the System; and <br /> WHEREAS, the City ,has made arrangements with U.S. <br /> Recycle Corp. , Little Rock, Arkansas , and Consumat Systems , Inc. , <br /> Richmond, Virginia, for the construction and purchase by the <br /> City of the Project, and has further made arrangements with <br /> The General Tire & Rubber Company, an Ohio corporation (the <br /> "Company") , for the sale of a portion of the steam to be <br /> produced by the operation of the Project, for use at the <br /> Company's manufacturing plant at the City; and <br /> WHEREAS, the City has been advised by the manufacturer <br /> of the Project that the construction of the Project will soon <br /> commence; and <br /> WHEREAS, the City has determined that prior to commence- <br /> ment of construction of the Project, it must acknowledge its <br /> intent and commitment to issue revenue bonds to finance, in <br /> whole or in part, the Project; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council <br /> of the City of Batesville, Arkansas . <br />