15890000E_6
ORDINANCE NO, 1589 (#11 - 2018)
AN ORDINANCE AMENDING ORDINANCE NO. 1532 (#12-2015)
AUTHORIZING APPROVAL OF MODIFICATIONS OF EXPENDITURES UNDER
THE 2015 BOND ISSUE BY THE CITY OF JACKSONVILLE, ARKANSAS;
PRESCRIBING OTHER MATTERS RELATING THERETO; AND, DECLARING
AN EMERGENCY.
WHEREAS, pursuant to the provisions of Ordinance No. 1532 (#12-2015) of the
City of Jacksonville, Arkansas (the "City"), adopted and approved on August 15, 2015,
the City previously issued its Capital Improvement and Revenue Refunding Bonds,
Series 2015, in the aggregate principal amount of Eight Million Eight Hundred Fifteen
Thousand and No/100 Dollars ($8,815,000.00) (the "Series 2015 Bonds");
WHEREAS, subsequent to the adoption of Ordinance No. 1532 (#12-2015) and
pursuant to the terms of the Ordinance and Bond Issue, additional capital expenditures
and modifications as to capital improvement priorities requires an Ordinance to approve
modifications of any expenditures under said Bond Issue;
WHEREAS, additional modifications will include, but are not limited to, the
following: Purchases of Four (4) Cardiac Monitors and another Ambulance for the
Jacksonville Fire Department; and, Design, purchase, and installation costs for new
Playground equipment for Jacksonville Parks & Recreation facilities; and,
WHEREAS, this Ordinance is presented for the sole purposes of modifying
expenditures authorized under Ordinance No. 1532 (#12-2015) only.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITYOFIACKSONVILLE, ARKANSAS THAT. -
SECTION ONE; Ordinance No. 1532 (#12-2015) is hereby amended
for the sole purpose of inclusion of capital expenditures for the design, purchase, and
installation costs for new playground equipment for Jacksonville Parks & Recreation
facilities [estimated to be approximately Two Hundred Thousand Dollars
($200,000.00)], purchases of Four (4) Cardiac Monitors and another Ambulance for the
Jacksonville Fire Department [estimated to be approximately Three Hundred Eighty-
three Thousand Seven Hundred Fifty-seven Dollars ($383,757.00)], together with other
such expenditures as authorized under the terms of Ordinance No. 1532 (#12-2015)
and its subsequent amendment in Ordinance No. 1587 (#09-2018).
0OJ-,
ORDINANCE NO, 1589 (#11 - 2018)
Page Two
SECTION TWO; The City reallocates and modifies the original
expenditures authorized under the terms of Ordinance 1532 (#12-2015) to include the
costs and substitutions as designated above as authorized expenditures from Bond
Revenues of the City's Series 2015 Bonds.
SECTION THREE; Except as set forth herein, all other terms and
obligations of Ordinance No. 1532 (#12-2015) shall remain the same as set forth
therein or as contained in an amendment contained in Ordinance No. 1587 (#09-2018).
SECTION FOUR; It is necessary to accurately state the terms and
improvements authorized by the City and the terms of Ordinance 1532 (#12-2015). It
is, therefore, declared that an emergency exists and this Ordinance, being necessary for
the immediate preservation of the public peace, health and safety, shall take effect and
be in force from and after its passage.
APPROVED AND ADOPTED THIS 6TH DA Y OF SEPTEMBER, 2018-
A TTEST;
Susan
CITY OF JACKSONVILLE, ARKANSAS
City Clerk/Treasurer
AS TO FOR,