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AN ORDINANCE AMENDING ORDINANCES NO. 1657 AND 1717 OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS; CHANGING THE NAME OF THE PUBLIC FACILITIES BOARD CREATED IN SUCH ORDINANCE TO THE “CITY OF JONESBORO, ARKANSAS PUBLIC FACILITIES BOARD”; EXPANDING THE POWERS OF SAID PUBLIC FACILITIES BOARD TO INCLUDE THE ENTIRE SCOPE OF AUTHORITY AND POWERS INCLUDED IN THE PUBLIC FACILITIES BOARDS ACT; PRESCRIBING OTHER MATTERS RELATING THERETO.
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WHEREAS, the City of Jonesboro, Arkansas (the “City”), pursuant to the provisions of the Public Facilities Boards Act, being Act No. 142 of the Act of the General Assembly of the State of Arkansas for the year 1975, codified as §§ 14-137-101, et seq., as the same has been and may be amended or supplemented (the “Act”), is authorized to establish public facilities boards for the purposes set forth in the Act; and
WHEREAS, the City in its Ordinance No. 1657, duly adopted October 16, 1978, created the City of Jonesboro, Arkansas Residential Housing Facilities Board (the “Board”) pursuant to the provisions of the Act for the purpose of assisting in the financing of residential housing facilities; and
WHEREAS, the City in its Ordinance No. 1717, duly adopted April 7, 1980, amended Ordinance No. 1657 for the purpose of expanding the powers of the Board to allow the Board to assist in the financing of health care facilities; and
WHEREAS, the Act authorizes a municipality to create one or more public facilities boards and to empower each board to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of health care facilities, emergency medical health care facilities, residential housing facilities, off-street parking facilities, recreational and tourist facilities, waterworks facilities, sewer facilities, facilities for securing or developing industry, energy facilities, hydroelectric power projects, education facilities, other capita...
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