1794RESOLUTION NO:_
RESOLUTION OF THE CITY OF WEST MEMPHIS CITY COUNCIL
SUPPORTING ARKANSAS CONSITUTIONAL AMENDMENT 2
WHEREAS, the public policy decisions of the Arkansas Legislature impact every citizen of the
state, both private and corporate, and ultimately determine to a great extent the level of prosperity and
achievement enjoyed by Arkansas citizens; and
WHEREAS, the State of Arkansas lacks the necessary economic incentive component to
successfully locate an economic development super project in the state; and
WHEREAS, the inability to adequately fund the infrastructure related costs associated with a
super project in Arkansas creates a competitive disadvantage in economic expansion, and other southern
states have enjoyed the economic benefits of locating a super project resulting in the loss of opportunity for
economic development and expansion in Arkansas; and
WHEREAS, the location of a super project creating a minimum of 500 jobs with a capital
investment of $500,000,000 will increase the quality of life for the citizens of Arkansas; and
WHEREAS, super projects require large up-front commitments of funds for infrastructure such as
water/wastewater capacity, rail access, and connection of roads to interstate highways and utilities; and
WHEREAS, the Arkansas Legislature has wisely offered the Arkansas electorate the opportunity
at the November 2004 general election to amend the Arkansas Constitution to allow the Arkansas General
Assembly, meeting in regular or special session, the authority to approve general obligation bonds, not to
exceed five percent (5%) of state general revenues, to fund an economic development project investing a
minimum of five hundred million dollars ($500,000,000) and creating a minimum of five hund~•ed (500)
jobs.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF WEST MEMPHIS:
That the CITY OF WEST MEMPHIS and its city council endorse and support the proposed
Amendment 2 to the Arkansas Constitution; and
That the CITY OF WEST MEMPHIS resolves to educate its membership about the ne~;essity of
Amendment 2 to securing the economic development benefits of a super project locating in Ark~msas and
to support Amendment 2 whenever and however possible in the coming year, including through
educational seminars, communication through newsletters and other means, providing information on its
website, encouraging members to financially support the Amendment 2 campaign, and encouraging
members to vote; and
That the CITY OF WEST MEMPHIS authorizes the 2004 Amendment 2 Committee t~~ use our
name while supporting the cause of Amendment 2 during the campaign.
PASSED this~'l~ day of ~ t"i'TOB~ , 2004
o ``!tom ,`
Mayor William H. ohnson
ATTEST:
Phill' tty Clerk RECEIVED
City Cierk s Office
Date/Time ~0-4-~ ~` ~~~oo~,,
~~ ~