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AN ORDINANCE CALLING A SPECIAL ELECTION IN THE CITY OF JONESBORO, ARKANSAS ON THE QUESTION OF LEVYING A CITY-WIDE ONE-EIGHTH OF ONE PERCENT (0.125%) SALES AND USE TAX; AND PRESCRIBING OTHER MATTERS PERTAINING THERETO.
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WHEREAS, the City Council of the City of Jonesboro, Arkansas (the "City") has passed on September 8, 2015, ORD-15:043 (the "Tax Ordinance") providing for the levy of a 0.125% sales and use tax within the City (the "Sales and Use Tax"); and
WHEREAS, the purpose of this Ordinance is to call a special election on the question of the levy of the Sales and Use Tax;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas:
Section 1. There is hereby called a special election to be held on November 10, 2015, at which election there shall be submitted to the electors of the City the question of the levy of the Sales and Use Tax.
Section 2. The question of levying the Sales and Use Tax shall be placed on the ballot for the election in substantially the following form:
Adoption of a 0.125% local sales and use tax within the City of Jonesboro, the net collections of which remaining after deduction of the administrative charges of the State of Arkansas and required rebates shall be used for the sole use and benefit of The Economic Development Corporation of Jonesboro, Arkansas, a public corporation formed pursuant to Arkansas statutes for the purpose of securing and developing industry and fostering economic development. The levy of the sales and use tax will expire on March 31, 2026.
FOR
AGAINST
Section 3. The election shall be held and conducted and the vote canvassed and the results declared under the law and in the manner now provided for municipal elections and only qualified voters of the City shall have the right to vote at the election.
Section 4. The results of the election shall be proclaimed by the Mayor, and such Proclamation shall be published one time in a newspaper having a general cir...
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