Mayor's Proclamation declaring the results of special election

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PROCLAMATION DECLARING RESULTS OF SPECIAL ELECTION I, the undersigned Mayor of the City of Batesville, Arkansas (the "City"), do hereby Proclaim that at the special election held August 8, 2023 in the City, after examining the election returns and the Certificate of the Independence County Board of Election Commissioners certifying the vote FOR and AGAINST the measures described below, the results were as follows: ORDINANCE NO.2023-05-02 AN ORDINANCE AMENDING ORDINANCE NO. 2011-12-05 IN ORDER TO AUTHORIZE THE NET COLLECTIONS OF THE 0.5% SALES AND USE TAX LEVIED WITHIN THE CITY OF BATESVILLE, ARKANSAS BY ORDINANCE NO. 2011-12-05 TO BE USED TO PAY AND SECURE THE REPAYMENT OF BONDS APPROVED BY THE VOTERS AND ISSUED BY THE CITY FROM TIME TO TIME TO FINANCE AND REFINANCE ALL OR A PORTION OF THE COSTS OF CAPITAL IMPROVEMENTS; AND PRESCRIBING OTHER MATTERS PERTAINING THERETO. FOR Ii IS 6 AGAINST 91e REFUNDING BONDS Bonds of the City of Batesville in one or more series in the maximum aggregate principal amount of $12,820,000 for the purpose of refunding the City's Sales and Use Tax Bonds, Series 2012 and, in order to pay the bonds, the pledge of a 0.5% local sales and use tax levied within the City by Ordinance No. 2011-12-05, adopted December 27, 2011, as it may be amended from time to time. In order to provide additional funds to pay or to further secure repayment of the bonds, the City may also pledge to the bonds the net collections of a 0.5% sales and use tax levied within the City by Ordinance No. 2011-12-03, adopted December 27, 2011. FOR AGAINST