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RESOL UTION NO. a?oo(p-3—q—R <br /> RESOLUTION OF THE CITY OF BATESVILLE IN SUPPORT OF THE <br /> HONORABLE MIKE BEEBE, GOVERNOR OF THE GREAT STATE <br /> OF ARKANSAS, FOR THE INCREASE OF THE SEVERANCE TAX <br /> TO 5% ON NATURAL GAS RATES IN ARKANSAS. <br /> WHEREAS, The City of Batesville and its Council fully support the agreement between <br /> Governor Beebe and the natural gas companies; and <br /> WHEREAS, The City of Batesville fully supports the allocations, disbursements, and <br /> payments of the funds generated in the agreement to Arkansas highways and the general <br /> fund; and <br /> WHEREAS, The City of Batesville believes this agreement will further improve and <br /> advance the infrastructure in Arkansas, and the increased ability of the Arkansas <br /> Highway and Transportation Department to advance road projects as well as County and <br /> City offices. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY OF BATESVILLE <br /> `,,,,'HAT: <br /> 1. The State Legislature support, endorse, and enact the proposed increase of 5% of <br /> natural gas rates in Arkansas. <br /> 2. The State Legislature, along with the Governor, allocates 95% of the revenue to <br /> Arkansas highways and 5% to the general fund. <br /> 3. This resolution shall take effect immediately. <br /> Rick E i�augh, Mayor <br /> ATTEST: <br /> enise Johnston, Clerk/ <br /> Date: `Mccs e-L 0Q5, 020yp <br />