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FILED DEC�2 88L2�11 ----� ` M • ORDINANCE N0. 2011-12-04 COUNTY& OBA fE C :RK .c. AN ORDINANCE CALLING A SPECIAL ELECTION IN THE CITY OF BATESVILLE, ARKANSAS ON THE QUESTION OF LEVYING A PERMANENT ONE-HALF OF ONE PERCENT (0.5%) SALES AND USE TAX WITHIN THE CITY OF BATESVILLE, ARKANSAS; AND PRESCRIBING OTHER MATTERS PERTAINING THERETO. WHEREAS, the City Council of the City of Batesville, Arkansas (the "City") has passed on December 27, 2011, Ordinance No. 2011-12-03 providing for the levy of a new one- half of one percent (0.5%) sales and use tax within the City (the "Sales and Use Tax") for one or more of the following: (a) to pay and secure the repayment of bonds approved by the voters and issued by the City from time to time to finance capital improvements, (b) for park and recreational,purposes, (c) for public safety purposes, including particularly, without limitation, police and fire and (d) for street purposes; and WHEREAS, the purpose of this Ordinance is to call a special election on the question of the levy of the Sales and Use Tax; NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Batesville, Arkansas: Section 1. There is hereby called a special election to be held on March 13, 2012, at which election there shall be submitted to the electors of the City the question of the levy of the Sales and Use Tax. Section 2. The question of levying the Sales and Use Tax shall be placed on the ballot for the election in substantially the following form: 0.5% SALES AND USE TAX (PERMANENT) Vote FOR or AGAINST adoption of a new 0.5% local sales and use tax within the City of Batesville for one or more of the following: (a) to pay and secure the repayment of bonds approved by the voters and issued by the City from time to time to finance capital improvements, (b) for park and recreational purposes, (c) for public safety purposes, including particularly, without limitation, police and fire and (d) for street purposes. The collections of the tax remaining after deduction of the administrative charges of the State of Arkansas and required rebates shall be used for the purposes set forth above. The levy of the tax is not dependent on any bonds being approved or issued.