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Last spring we asked the voters to pass a one-cent sales tax to finance the much needed wastewater <br /> repairs. Our citizens surprised even the most optimistic of us by setting a state record for voter approval in <br /> passing the sales tax by a 93% margin. After the approval of the tax for rebuilding the wastewater facility, <br /> the city was also successful in receiving a grant of 6.3 million dollars. This grant is in the form of principal <br /> forgiveness in conjunction with our 20-year loan which is financed at 2.5% through the Arkansas Natural <br /> Resources Commission Revolving Loan Fund. This grant will also save our citizens an additional 1.7 million in <br /> interest cost that will not have to be paid bringing the realized savings to our community to approximately 8 <br /> million dollars! <br /> H) REVIEW OF JANUARY PAID BILLS REPORT <br /> The council was given a copy of the January Paid Bills Report for review. <br /> MAYOR COMMENTS <br /> Mayor Elumbaugh asked the council to be ready to make a decision at the next meeting <br /> regarding the stop lights on Main and 4t" and Main and 3rd streets. The options are to leave the <br /> lights on blinking red, put them back to active stop lights or completely remove the lights. <br /> LIAISON REPORTS <br /> None <br /> COUNCIL COMMENTS <br /> Councilmember Bryant thanked all the city employees who worked to clear the city <br /> streets from all the recent snow and ice. <br /> Councilmember Krug said they were just notified that Councilmember O'Neal's father <br /> passed away and asked everyone to keep the O'Neal family in the thoughts and prayers. <br /> ADJOURNMENT <br /> There being no further business, Councilmember Matthews moved that the meeting be <br /> adjourned. Councilmember Insell seconded and all voted for. <br /> RICK ELUMBAUGH, MAYOR <br /> DENISE M.JOHNSTON, CITY CLERK <br />