164970
1 ORDINANCE NO. 16,497 F c
2 AN ORDINANCE PURSUANT TO ARK. CODE 5 6
3 ANN. § 14- 164 -338 LEVYING A
4 ONE- PERCENT (1%) SALES AND USE TAX
5 FOR A PERIOD OF TWENTY -FOUR (24)
6 MONTHS TO MAKE CERTAIN CAPITAL
7 IMPROVEMENTS; CALLING A SPECIAL
ELECTION TO APPROVE SUCH A LEVY;
8 AND FOR OTHER PURPOSES.
9
10 WHEREAS, the Board of Directors of the City of Little Rock,
11 Arkansas has adopted the findings of the Future Little Rock
12 Committee that the City has immediate need for certain Capital
Improvements, and
13 WHEREAS, Arkansas Code Annotated § 14- 164 -338 authorizes a
14 1% sales and use tax for up to twenty -four months to finance
15 said improvements; and
16 WHEREAS, the voters of the City of Little Rock should be
17 asked to approve such tax at a special election.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
18 THE CITY OF LITTLE ROCK, ARKANSAS:
19 SECTION 1. There is hereby levied a one percent (1 %) sales
20 and use tax to be collected for twenty -four months contingent on
21 approval by the voters at a special election.
22 SECTION 2. That there be, and there is hereby called, a
special election to be held on December 14, 1993, at which
23 election there shall be submitted to the electors of the City of
24 Little Rock, Arkansas, the question of levying for a period of
25 twenty -four months, a citywide one percent (1 %) sales and use
26 tax under Arkansas Code Annotated § 14- 164 -338 to finance the
27 costs of purchasing sites for constructing and equipping the
following public facilities: (a) A 16,000 seat events
28 center /arena, (b) a West Little Rock recreational facility, (c)
29 improvements to the Riverfront Park Amphitheater, (d) a
30 Community Center swimming pool in Southwest Little Rock, (e) to
31 improve roads and drainage, and (f) to expand and modernize the
32 Central Arkansas Transit Authority bus fleet, as more fully
explained in Exhibit A.
33 SECTION 3. That the question of levying the sales and use
34 tax shall be placed on the ballot for the election in
35 substantially the following form:
36
069
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A proposal to levy a citywide one percent (1 %) sales and
1 use tax to purchase sites for, construct, and equip the 63
2 following public facilities in the City of Little Rock. The tax
shall be collected for twenty -four (24) months, beginning
3 February 1, 1994, and shall cease to be levied on February 1,
4 1996. The revenues derived from this sales and use tax shall be
5 used only for the stated purpose.
6 [ ] For adoption of a twenty -four month one
7 percent (1 %) sales and use tax within the City
of Little Rock for capital improvements for
8 (a) A 16,000 seat events center /arena, (b) a
9 West Little Rock recreational facility, (c)
10 improvements to the Riverfront Park
11 Amphitheater, (d) a Community Center swimming
12 pool in Southwest Little Rock, (e) to improve
roads and drainage, and (f) to expand and
13 modernize the Central Arkansas Transit
14 Authority bus fleet, as more fully explained
15 in Exhibit A.
16
17 [ ] Against adoption of a twenty -four month one
percent (1%) sales and use tax within the City
18 of Little Rock capital improvements for (a) A
19 16,000 seat events center /arena, (b) a West
20 Little Rock recreational facility, (c)
21 improvements to the Riverfront Park
22 Amphitheater, (d) a Community Center swimming
pool in Southwest Little Rock, (e) to improve
23 roads and drainage, and (f) to expand and
24 modernize the Central Arkansas Transit
25 Authority bus fleet, as more fully explained
26
27 SECTION 4. (a) This municipal 1% sales and use tax shall be
levied and collected only on the first two thousand five hundred
28 dollars ($2,500) of gross receipts, gross proceeds or sales
29 price from each single transaction as provided in Ark. Code Ann.
30 § 26 -75 -222 as amended by Act 1014 of 1993.
31 (b) "Single transaction" is defined as
32 SECTION 5. That the election shall be held and conducted in
the manner now provided for such elections in Ark. Code Ann. §
33 14- 164 -301 et seq.
34 SECTION 6. That the Mayor and City Clerk for and on behalf
35 of the City are hereby directed to do all things necessary to
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call and hold the special election and to perform all acts
necessary to carry out the intent of this ordinance.
SECTION 7. That the funds collected pursuant to this c a
ordinance shall be appropriated by the Board of Directors and U
used solely for the purposes expressed in this ordinance.
SECTION 8. SEVERABILITY: If any part of this Ordinance is
held invalid such invalidity shall not affect any other portion
of this Ordinance.
SECTION 9. REPEALER: That all ordinances and parts thereof
in conflict herewith are hereby repealed to the intent of such
conflict.
SECTION 10. EMERGENCY CLAUSE. It is hereby found and
determined by the Board of Directors of the City of Little Rock
that there is an immediate and pressing need to finance capital
improvements for the City without incurring unnecessary bond
issue expenses; that this ordinance is necessary to provide for
an election on the issue of levying a sales and use tax without
issuing bonds; that this ordinance should be given effect
immediately in order to provide for a timely election and
thereby minimize financing costs. Therefore, an emergency is
hereby declared to exist, and this ordinance being necessary for
the preservation of the public peace, health and safety, shall
be in full force and effect from and after its passage and
approval.
September 29, ..
-OUN, CITY CLERK
APP)tOVED AS TO FORM:
ATTORNEY THOMAS M. UP"ENIWK
CITY
NOTE: SALES TAX FAILED AT SPECIAL ELECTION HELD DEC. 14, 1993.
------ - - - - --
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