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RESOLUTION N 314 1 -
NO.
A RESOLUTION REQUESTING THE ARKANSAS CONGRESSIONAL DELEGATION
TO INSURE THAT THE UNITED STATES CONGRESS NOT ABOLISH INDUS-
TRIAL DEVELOPMENT REVENUE BONDS.
WHEREAS, the residents of the City of Jacksonville have
benefited greatly from the issuance of Industrial Development
Revenue Bonds in the past; and
WHEREAS, the continued growth and industrial development
of the City of Jacksonville are dependent upon the continuance
of the Industrial Development. Revenue Bonds program; and
WHEREAS, there is an effort to abolish the Industrial
Development Revenue Bonds; and
WHEREAS, there is a definite need for new jobs in the
Jacksonville community and those jobs are more likely to be
created if the Industrial Development Revenue Bonds Program
is not abolished.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
JACKSONVILLE, ARKANSAS, THAT:
SECTION 1. The City of Jacksonville pledges its full
support and hereby urges the Arkansas Congressional delegation
to do all things within their power to see that the Industrial
Development Revenue Bonds are not abolished.
SECTION 2. The City of Jacksonville pledges its full
support and hereby urges the Arkansas Congressional delegation
to do all things within their power to at least maintain the
Industrial Development Revenue Bonds program at its present
level.
SECTION 3. The City of Jacksonville hereby authorizes
the Mayor to convey this resolution to the Honorable Dale
Bumpers, U. S. Senator, the Honorable David Pryor, U. S.
Senator, the Honorable Ed Bethune, U. S. Representative, the
Honorable Beryl Anthony, U. S. Representative, the Honorable
John Paul Hammerschmidt, U. S. Representative and the Honorable
Bill Alexander, U. S. Representative.
THIS RESOLUTION ADOPTED THIS 16th DAY OF FEBRUARY, 1984.
A
ATTEST:
CI' ERK
APPROVED AS TO FORM:
CITY ATTORNEY 6