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ORDINANCE N0. ~ 5~ q
AN ORDINANCE LEVYING AN ADDITIONAL HOTEL AND RESTAURANT
GROSS RECEIPTS TAX AT THE RATE OF 2~; PRESCRIBING THE
PURPOSE THEREFOR; AND SETTING FORTH VARIOUS MATTERS
RELATED THERETO.
WHEREAS, it has been found and determined by the City Council
of the City of West Memphis, Arkansas (the "city") that it is in
the interest of the City and its inhabitants that the City
p construct certain improvements for promotion of tourism in the
~~ '` ~ City, specifically a municipal golf course and related facilities
(the "Golf Course") and arena and fairgrounds facilities, with
related facilities (the "Fairgrounds"), and that such facilities
will encourage, develop and increase tourism in the City; and
WHEREAS, the Golf Course and the Fairgrounds can be financed
by bonds secured by and payable from the pledge of collections of
a hotel and restaurant gross receipts tax levied at the rate of 2~
under the provisions of Arkansas Code of 1987 Annotated, Title 26,
Chapter 75, Subchapter 6 (the "Enabling Legislation");
NOW, THEREFORE, Se it Ordained by the City Council of the City
of West Memphis, Arkansas.
Section 1. In addition to the tax of 1~ now being levied and
collected in the City pursuant to the Enabling Legislation and
Ordinance No. 917 of the City, there is hereby levied, effective
October 1, 1993, a tax of 2~ on the gross receipts of all
restaurants, cafes, cafeterias and other establishments located in
the City engaged in the business of sell~.ng prepared food and on
the gross receipts from the renting, leasing or otherwise
furnishing of hotel or motel accommodations fox profit in the City
(the "~'ax"), which Tax shall be collected and administered as
provided by the Enabling Legislation and as in the case of the
City~s existing 1~ hotel and restaurant gross receipts tax.
Section 2. No part of this Ordinance is intended, nor shall
it be construed as amending or repealing any part or provision of
Ordinance No. 917 of the City (which levied the city~s existing 1~
hotel and restaurant gross receipts tax). All other ordinances and
resolutions and parts thereof in conflict with any other provisions
of this Ordinance are hereby repealed to the extent of such
conflict.
i
section 3. The provisions of this ordinance are hereby
declared to be severable. If any provision shall be held to be
invalid or to be inapplicable to any persons ar circumstances, Such
invalidity or inapplicability shall nct affect the remainder of the
provis~.cns of this Ordinance.
Adopted and Approved Su rte. a ~ 1993•
JUl -
I~~EST ' Mayor
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