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0683 RESOLUTION NO, 683 (#09 - 2012) A RESOLUTION IN SUPPORT OF PROPOSED CONSTITUTIONAL AMENDMENT NO, 1; AND, FOR OTHER PURPOSES. WHEREAS, the Governor signed bill HJR 1001 on April 4, 2011, so that the matter will be placed on the November 6, 2012, Arkansas General Election Ballot for vote by the people of this great State; WHEREAS, the economic health of Arkansas municipalities depends on the ability to safely move goods, services, and individuals on well-constructed and maintained roadways. Because the safest and most economical statewide mode of transportation is via a Four- lane system of highways connecting all parts of the State as well as local improvements to municipal roads and bridges; WHEREAS, every Arkansas municipality will benefit from over Forty Thousand (40,000) jobs supported through a One Billion Three Million Dollars ($1,003,000,000.00) bond-financed program for the construction, improvement,and maintenance of a Four-lane highway system in the State which, with existing revenue, will provide One Billion Eight Million Dollars ($1,008,000,000.00) for Four lane projects; WHEREAS, every municipality in Arkansas will share in over Seven Hundred Million Dollars ($700,000,000.00) in revenue for transportation-related projects, and Arkansas municipalities will permanently benefit from an additional Twenty Million Dollars ($20,000,000.00) annually from a new State Aid Street Fund without raising gas taxes; WHEREAS, a temporary One Half Cent ($ 0.005) sales tax will be shared by all Arkansas road users and consumers to improve the economy and create jobs through highway, road and street constructions programs, all without raising taxes on groceries, medicine, or gasoline. The temporary sales tax will be abolished in Ten (10) years upon the retirement of the bonds; and, WHEREAS, state and local construction and improvement programs will make roads and bridges safer for everyone, including school buses, emergency vehicles, and drivers sharing the roads with big trucks. SECTION ONE: The passage of Proposed Constitutional amendment No. 1 at the November 6, 2012, General Election will enhance the creation of jobs and the economic improvement of Arkansas' municipalities. SECTION TWO: Any and all other Resolutions in conflict herewith are hereby repealed to the extent of said conflict. This Resolution shall be in effect from and after its date of passage. RESOLUTION NO. 683(#09-12) Page Two APPROVED AND ADOPTED THIS 20th DAY OF SEPTEMBER, 2012.BrAtibillk 0, 1 -sr, ) . ' t..,,, _...magr a� l�� w "° . � fl ARY F HER ; L, f ATTEST: f t V SUSAN DA , C LERK APPRO D AS TO FORM• (r j A ROBER E. BAMBUR!