8781M M ME M M
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RESOLUTION NO.
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8,781
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515
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3 A RESOLUTION CALLING AN ELECTION TO
4 CERTIFY THAT THE BOARD OF DIRECTORS
NAY, PURSUANT TO ARKANSAS STATUTES AND
5 AMENDMENT 59 OF THE ARKANSAS
6 CONSTITUTION, SET A MILLAGE RATE OF UP
7 TO ONE MILL FOR THE BENEFIT OF THE
8 LITTLE ROCK, ARKANSAS, FIRE PENSION
9 RELIEF FUND; SETTING A DATE; AND FOR
OTHER PURPOSES.
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11 WAS, the citizens approved Initiated Ordinance No. 6175
12 by majority vote held April 1, 1941; and
13 SEAS, this ordinance established that the City could
levy up to one mill on personal and real property assessments for
14 the purpose of funding a fire pension and relief fund for the
15 benefit of retired firemen, widows and the minor children of
16 deceased firemen; and
17 WHEREAS, the actual millage levied on any annual basis is
18 to be determined by the City Board of Directors upon a report by
the Board of Trustees of the Little Rock, Arkansas, Fire Pension &
19 Relief Fund, as to the amount of money that "will be required to
20 pay pensions to retired firemen, and pension to widows and minor
21 children of deceased firemen and widows and minor children of
22 deceased retired firemen, for the following year;" and
23 WHEREAS, the annual levy has been limited to six - tenths
(.6) of a mill by operation of Amendment 59; and
24 WHEREAS, Pulaski County has equalized its personal and real
25 property tax assessments and, therefore, can now raise its
26 personal property tax assessments; and
27 WHEREAS, there is a question as to whether this can be done
28 by Board action alone, or whether it requires a separate election;
and
29 WHEREAS, the Board of Trustees of the Little Rock,
30 Arkansas, Fire Pension and Relief Fund has asked this Board to
31 call an election.
32 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
33 THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: An election shall be held during the general
34 election on November 3, 1992, at which time the following question
35 will be submitted to the electorate:
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FOR restoring to the Board of Directors of
the City of Little Rock the authority to
again levy up to one full mill for the Fire
Pension Fund on real and personal property
Within the City now that property
assessments with Pulaski County have
equalized under the rollback provisions of
Amendment59 ...... ...............................
AGAINST restoring to the Board of Directors
of the City of Little Rock the authority to
again levy up to one full mill for the Fire
Pension Fund on real and personal property
within the City now that property
assessments with Pulaski County have
equalized under the rollback provisions of
Amendment 59 ............ ...............................
SECTION 2: This election will be held in accordance with
the provisions of Ark. Code Ann. § 24 -11 -812 (Sapp. 1989).
ADOPTED: September. 15, 1992
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CITY CLERK
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4 DAILEY
MAYOR VICE