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RESOLUTION NO. 8,328
A RESOLUTION CALLING AN ELECTION TO
CERTIFY THAT THE BOARD OF DIRECTORS
MAY, PURSUANT TO ARKANSAS STATUTES
AND AMENDMENT 59 OF THE ARKANSAS
CONSTITUTION, SET A MILLAGE RATE OF
UP TO ONE MILL FOR THE BENEFIT OF
THE LITTLE ROCK, ARKANSAS, POLICE
PENSION RELIEF FUND; SETTING A
DATE; AND FOR OTHER PURPOSES.
WHEREAS, the citizens approved Initiated Ordinance No.
6174 by majority vote held April 1, 1941, and
WHEREAS, this ordinance established that the City could
levy up to one mill on personal and real property assessments
for the purpose of funding a police pension and relief fund for
the benefit of retired policemen, widows and the minor children
of deceased policemen, and
WHEREAS, the actual millage levied on any annual basis is
to be determined by the City Board of Directors upon a report by
the Board of Trustees of the Little Rock, Arkansas, Police
Pension & Relief Fund, as to the amount of money that "will be
required to pay pensions to retired policemen, and pensions to
widows and minor children of deceased policemen and widows and
minor children of deceased retired policemen, for the following
year," and
WHEREAS, the annual levy has been limited to six - tenths
(.6) of a mill by operation of Amendment 59, and
WHEREAS, Pulaski County has equalized its personal and
real property tax assessments and, therefore, can now raise its
personal property tax assessments, and
WHEREAS, there is a question as to whether this can be
done by Board action alone, or whether it requires a separate
election, and
WHEREAS, the Board of Trustees of the Little Rock,
Arkansas, Police Pension and Relief Fund has asked this Board to
call an election,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. An election shall be held during the general
election on November 6, 1990, at which time the following
question 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
Police 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
Police 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 -404
(Supp. 1989).
ADOPTED: July 3, 1990
APPROVED:
JAlf ely MAXOR 1*64. -BY' WDVI
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