1995'~
RESOLUTION NO. I °l~ S~
A RESOLUTION SUPPORTING THE PASSAGE OF THE 2011
INTERSTATE REHABILITATION PROGRAM.
WHEREAS, in 1999, Arkansans voted overwhelmingly, by a 4-to-1
margin, for the adoption of an Interstate Rehabilitation Program; and
WHEREAS, the Interstate Rehabilitation Program was financed
through federally funded GARVEE Bonds and a 4¢ state diesel tax passed
for that purpose; and
WHEREAS, the Interstate Rehabilitation Program modernized over
350 miles of Interstate highways in Arkansas; and
WHEREAS, Arkansas now has over 650 miles of Interstates, with
more re-construction and modernization left to be completed, thus finishing
the j ob started by the 1999 program; and
WHEREAS, a new Interstate Rehabilitation Program ballot issue will
be placed on a special election ballot, Tuesday, November 8, 2011; and
WHEREAS, Arkansas voters at the special election must approve and
authorize the Arkansas Highway Commission to issue a new round of
GARVEE Bonds for the purpose of financing a 2011 Interstate
Rehabilitation Program designed to address the immediate needs of nearly
300 miles of Interstates; and
WHEREAS, the issuance of GARVEE Bonds will not require any
new taxes, or any increase in existing taxes, but will be funded by future
federal revenue and the existing 4¢ state diesel tax; and
WHEREAS, all of Arkansas will benefit from the 2011 Interstate
Rehabilitation Program because the Interstate system makes up the backbone
of the state's road and highway network; and
s ~
WHEREAS, the 2011 Interstate Rehabilitation Program will meet the
needs of nearly $1 billion in Interstate rehabilitation, creating over 27,000
jobs, and freeing other revenue for local state highway maintenance, all
WHEREAS, modern Interstates will increase Arkansas's opportunity
for more economic development from business, industry and tourism.
NOW THEREFORE, BE IT RESOLVED BY THE CITY
COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT
the City of West Memphis affirms its support for the passage of the 2011
Interstate Rehabilitation Program, and calls on all Arkansas voters to vote
FOR the ballot issue at the special election called for Tuesday, November 8,
2011.
ADOPTED this ~ day of Sc='fl?EyV 2011.
~ ~`~^ -,~
WILLIAM H. JO SON, MAYOR
ATTEST:
PHIL P ,CITY CLERK
SPONSORED BY:
RECEIVED
City Clerk's Office
Date/Time~z4 I'~ r ~ : ~ Sc~--
sy~ -