0305 PAGE 211
RESOLUTION NO. 305 - 82
A RESOLUTION CONCERNING THE CONSTRUCTION OF NEW SEWAGE TREATMENT FACILITIES
AND EXPRESSING THE FIRM INTENTION OF THE CITY TO CONSTRUCT SUCH FACILITIES
IN FEDERAL FISCAL YEAR 1984 AND FOR OTHER PURPOSES:
WHEREAS, the City is bound by the Environmental Protection Agency (EPA)
to construct new sewage facilities; and
WHEREAS, the Jacksonville Sewer Commission has applied for EPA
Construction Grant funds to partially fund the construction of such
facilities; and
WHEREAS, the City Council has previously dedicated the sum of $200,000.00
for the calendar year 1982, and the sum of $400,000.00 for each calendar
year of 1983,1984, and 1985; and
WHEREAS, the United States Air Force has previously stated its intent
to participate in its fair share of the cost of construction of such facilities;
and
WHEREAS, the City recognizes the fact that EPA Construction Grant funds
may or may not be available in fiscal year 1984;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
JACKSONVILLE, ARKANSAS, that:
Section 1: The City Council expresses its firm intention and commitment
to construct new sewage treatment facilities beginning in fiscal year 1984,
and proposes to fund such construction with any and all menas available,
including United States Air Force funds, sales tax revenue, operating revenue
from the Jacksonville Wastewater Utility, and the proceeds from revenue bonds,
whether or not EPA
PA Grants funds are available.
Section 2: This Resolution being necessary for the immediate preservation
of the public health, safety, welfare and morale of the citizens of the City
of Jacksonville, Arkansas, an emergency is hereby declared to exist and this
Resolution shall have full force and effect immediately after its passage.
APPROVED AND ADOPTED this 2nd day of December , 1982.
MAYOR
ATTEST :
,,,c e-W
CITY CLERK
APPROVED AS TO FORM:
/ /' t*
C TY ATTORNEY II
FUNDS REQUIRED AND POSSIBLE SOURCES FOR FUNDS TO CONSTRUCT SEWAGE
TREATMENT FACILITIES. (PARTIAL PROJECT)
PROJECT COST: $7,380,000
*ASSUME: Hot Springs deobligation funds available.
LRAFB SHARE $ 2,370,000
EPA SHARE 3,760,000
CITY SHARE 1,250,000
TOTAL $ 7,380,000
CITY SHARE:
County Sales Tax (1982 -1985) $ 1,400,000
Utility Construction Fund 200,000
Interest (Approximately) 100,000
Amount available $ 1,700,000
Amount required 1,250,000
To be applied to Second Phase of Project $ 450,000
*ASSUME: Hot Springs deobligation funds not available.
LRAFB $ 2,370,000
CITY SHARE 5,010,000
TOTAL $ 7,380,000
CITY SHARE:
County Sales Tax (1982 -1985) $ 1,400,000
Utility Construction Fund 200,000
Interest (Approximately) 100,000
Amount available $ 1,700,000
Amount required 5,010,000
Bond Issue or additional Sales Tax Monies ($ 3,310,000)
NOTE: If revenue bonds are issued, approximately $690,000 per year
will be required for debt service, assuming 11% bonds for 15
years at 1.5 coverage