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ORDINANCE NO. 2025-10-01 <br /> AN ORDINANCE TO AUTHORIZE THE CITY OF BATESVILLE TO CONDUCT <br /> BUSINESS WITH CERTAIN INDIVIDUALS WHO SERVE AS MEMBERS OF THE <br /> CITY COUNCIL,CITY EMPLOYEES,VARIOUS COMMISSIONS,AND BOARDS <br /> OF THE CITY OF BATESVILLE; DECLARING AN EMERGENCY; AND FOR <br /> OTHER PURPOSES. <br /> WHEREAS, the City of Batesville,Arkansas recognizes the importance of certain <br /> financial services provided to the City by the Bank of Cave City ("BCC"); and <br /> WHEREAS, a certain member of the City Council also serves in an executive role at <br /> BCC, which provides financial services to the City; and <br /> WHEREAS, Ark. Code Ann. § 14-42-107 requires the governing body of a <br /> municipality to approve by ordinance any contract or business arrangement between the <br /> municipality and an entity in which a Council member, employee, board or commission <br /> member profits from directly or indirectly through their position at said entity; and <br /> WHEREAS, the City Council acknowledges the following affiliations and finds it to <br /> be in the City's best interest to continue its financial relationship with BCC and approves the <br /> following individuals' roles within the City: <br /> Name Position with City Role with Bank of Nature of the <br /> Entity Cave City Bank of Cave City <br /> Business <br /> - ......... <br /> Julie Hinkle City Council Vice President of : Financial Services <br /> Member Batesville Branch <br /> NOW, THEREFORE, BE IT ORDAINED AND ENACTED BY THE CITY <br /> COUNCIL OF THE CITY OF BATESVILLE,ARKANSAS,THAT: <br /> SECTION ONE: Pursuant to Ark. Code Ann. § 14-42-107,the Council of the <br /> City of Batesville hereby approves and authorizes the City to conduct business with the Bank <br /> of Cave City, acknowledging the positions held by Julie Hinkle, who serves on the City <br /> Council. <br /> SECTION TWO: The City Council affirms that it is in the best interest of the <br /> City to receive the financial services provided by BCC, and that the involvement of this <br /> individual does not impair their ability to serve or act in the City's best interest. <br />