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<br /> <br />said the ordinance will be placed on the next meeting’s agenda for the second <br />reading. <br />H) CONSIDER AN ORDINANCE AMENDING ORDINANCE #2001-12-05 IN <br />ORDER TO AUTHORIZE THE NET COLLECTIONS OF THE .0.5% SALES <br />AND USE TAX LEVIED WITHIN THE CITY OF BATESVILLE AND SECURE <br />THE REPAYMENT OF BONDS APPROVED BY THE VOTERS <br />Mr. Ryan Bowman, Bond Council with Friday Law Firm, and Mr. Paul Phillips with <br />Crews and Associates addressed the council regarding the next 3 ordinances. <br />Mr. Bowman explained the process and reassured the council that the proposed <br />ordinances are not requesting any new taxes but will only continue the current <br />.05% tax to pay for the Parks and Recreation Bonds and the 1.0% tax, currently <br />used to pay off the bonds for the Wastewater Treatment Plant. Mr. Bowman said <br />he and Mr. Phillips are available anytime to answer any questions that may arise. <br />Councilmember Bryant introduced the proposed ordinance. Mr. Bowman read <br />the ordinance in full. Mayor Elumbaugh said the ordinance will be placed on the <br />next meeting’s agenda for the second reading. <br />I) CONSIDER AN ORDINANCE CALLING FOR A SPECIAL ELECTION IN THE <br />CITY OF BATESVILLE ON THE QUESTIONS OF ISSUING BONDS UNDER <br />AMENDMENT NO. 62 TO THE CONSTITUTION OF THE STATE OF <br />ARKANSAS FOR THE PURPOSE OF FINANCING AND REFINANCING ALL <br />OR A PORTION OF THE COSTS OF CAPITAL IMPROVEMENTS <br />Councilmember Bryant introduced an ordinance calling for a special election on <br />the questions of issuing bonds under Amendment No. 62 to the Constitution of <br /> <br /> <br />