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AN ORDINANCE CALLING A SPECIAL ELECTION IN THE CITY OF JONESBORO, ARKANSAS ON THE QUESTION OF LEVYING A CITY-WIDE SEVEN-EIGHTHS OF ONE PERCENT (0.875%) 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-15:041 (the "Tax Ordinance") providing for the levy of a 0.875% 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:
0.875% SALES AND USE TAX
Adoption of a 0.875% 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 one or more of the following: (a) to pay the costs of new, and improvements to existing, streets, roads and bridges, including any curb, gutter and drainage improvements, equipment and land acquisition to accomplish such improvements, and street lighting, utility adjustments, sidewalks and traffic signals related thereto (collectively, "Street Improvements") and (b) to pay and secure the repayment of bonds approved by the voters and issued by the City from time to time to finance Street Improvements. 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...
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