133891 RESOLUTION NO. 13,389
2
3 A RESOLUTION TO AFFIRM THE SUPPORT OF THE BOARD OF
4 DIRECTORS OF THE CITY OF LITTLE ROCK FOR THE PASSAGE OF
5 THE 2011 INTERSTATE REHABILITATION PROGRAM; AND FOR
6 OTHER PURPOSES.
7
8 WHEREAS, in 1999, Arkansans voted overwhelmingly, by a 4 -to -1 margin, for the adoption of an
9 Interstate Rehabilitation Program; and
10 WHEREAS, the Interstate Rehabilitation Program was financed through federally funded GARVEE
11 Bonds and a 4¢ State Diesel Tax passed for that purpose; and
12 WHEREAS, the Interstate Rehabilitation Program modernized over 350 miles of Interstate highways
13 in Arkansas; and
14 WHEREAS, Arkansas now has over 650 miles of Interstates, with more re- construction and
15 modernization left to be completed, thus finishing the job started by the 1999 program; and
16 WHEREAS, a new Interstate Rehabilitation Program ballot issue will be placed on a special election
17 ballot, Tuesday, November 8, 2011; and
18 WHEREAS, Arkansas voters at the special election must approve and authorize the Arkansas
19 Highway Commission to issue a new round of GARVEE Bonds for the purpose of financing a 2011
20 Interstate Rehabilitation Program designed to address the immediate needs of nearly 300 miles of
21 Interstates; and
22 WHEREAS, the issuance of GARVEE Bonds will not require any new taxes, or any increase in
23 existing taxes, but will be funded by future Federal revenue and the existing 4¢ State Diesel Tax; and
24 WHEREAS, all of Arkansas will benefit from the 2011 Interstate Rehabilitation Program because the
25 Interstate system makes up the backbone of the State's road and highway network; and
26 WHEREAS, the 2011 Interstate Rehabilitation Program will meet the needs of nearly $1 billion in
27 Interstate rehabilitation, creating over 27,000 jobs, and freeing other revenue for local State highway
28 maintenance, all without raising taxes; and
29 WHEREAS, modern Interstates will increase Arkansas's opportunity for more economic
30 development from business, industry and tourism.
31 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
32 OF LITTLE ROCK, ARKANSAS:
[PAGE 1 OF 2]
1 SECTION 1: The Board of Directors does hereby affirm its support for the passage of the 2011
2 Interstate Rehabilitation Program, and calls on all Arkansas voters to vote FOR the ballot issue at the
3 special election called for Tuesday, November 8, 2011.
4 ADOPTED: October 18, 2011
5 TEST:
6
7 CU
8 Kus nglay, City Clerk
9 APPR ED AS TO LEGAL FORM:
10
11
12 Thomas M. Carpenter, Cilottorney
13 H
14 H
15 H
16 H
17 H
18 H
19 H
20 H
21 H
22 H
23 H
24 H
25 H
26 H
27 H
28 H
29 H
30 H
31 H
32 H
33 H
34 H
APPROVED:
Mar Stodola, Mayor
[PAGE 2 OF 21