HomeMy WebLinkAbout1985-06-01-R RESOLUT I ON NO.
(W
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BATESVILLE, ARKANSAS EVIDENCING A PRESENT INTENTION
TO ASSIST WITH THE FORMATION OF A MUNICIPAL
IMPROVEMENT DISTRICT.
WHEREAS, Eagle Mouintain Joint Venture ( "Eagle Mountain" ) is
the owner of cetain real property recently annexed into the City
of Batesville, Arkansas; and
WHEREAS, Eagle Mountain and certain other real property
owners desire to establish a municipal improvement district
pursuant to Arkansas Statutes Annotated §§20-101 et . seq. (the
"Act" ) in order to facilitate the construction of certain public
improvements , including particularly water systems, 'waste water
systems , streets and roads; and
WHEREAS, any indebtedness incurred to construct said
improvements would be supported by property tax payments from
properties enhanced by the construction of such facilities; and
WHEREAS, the City of Batesville wishes to evidence its
present intent to assist in the formation of said District .
NOW THEREFORE, be it resolved by the City Council of the
City of Batesville, Arkansas that the City hereby expresses its
present intention to assist in the formation of said municipal
improvement district, following the submission of the necessary
documentation in form required by the Act and applicable law.
Adopted this 11th day of June, 1985 .
Mayo
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City Clerk
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