HomeMy WebLinkAboutMayor's Proclamation declaring the results of special electionPROCLAMATION 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
PARK AND RECREATIONAL IMPROVEMENT BONDS
Bonds of the City of Batesville in one or more series in the maximum aggregate
principal amount of $25,985,000 for the purpose of financing all or a portion of
the costs of park and recreational facilities and improvements and any necessary
land acquisition, demolition, furnishings, equipment and parking, lighting,
landscaping, street, drainage and utility improvements related thereto 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
WATER IMPROVEMENT BONDS
Bonds of the City of Batesville in one or more series in the maximum aggregate
principal amount of $110,000,000 for the purpose of financing all or a portion of
the costs of acquiring, constructing and equipping extensions, betterments and
improvements to the City's water system and any necessary demolition related
thereto and, in order to pay the bonds, the levy and pledge of a 1 % local sales and
use tax within the City.
If the bonds are approved, there will be levied within the City a 1 % sales and use
tax, the net collections of which remaining after deduction of the administrative
charges of the State of Arkansas and required rebates, will be used solely to retire
the bonds and obligations of the City with respect thereto. The effective date of
the 1 % sales and use tax will be April 1, 2024. The 1 % sales and use tax will
expire after the bonds have been paid or provision is made therefor in accordance
with Arkansas statutes.
FOR 0 �
AGAINST I qC1
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All persons are hereby notified that the results of the election shall be conclusive
unless attacked in the Circuit Court of Independence County, Arkansas within thirty (30) days
after the publication hereof.
GIVEN this 6eday of , 2023.
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