ORDINANCE NO. 19-25
AN ORDINANCE AMENDINGORDINANCE NO. 20-22 LEVYING ATHREE-FOURTHS OF ONEPERCENT (0.75%) SALES AND USETAX WITHIN THE CITY OF FORTSMITH, ARKANSAS IN ORDER (A)TO EXTEND THE EXPIRATION DATEOF THE TAX FROM DECEMBER 31,2030 TO DECEMBER 31, 2059 AND(B) TO AUTHORIZE (i) 83.3% OF THENET COLLECTIONS OF THE TAX TOBE USED FOR BETTERMENTS ANDIMPROVEMENTS TO THE SEWERSYSTEM IN ADDITION TO CONSENTDECREE SEWER PURPOSES ANDTO REPAY AND SECURE BONDSISSUED TO FINANCEIMPROVEMENTS FOR SUCHPURPOSES AND (ii) 16.7% OF THENET COLLECTIONS OF THE TAX TOBE USED FOR POLICEDEPARTMENT PURPOSES AND TOREPAY AND SECURE BONDSISSUED TO FINANCEIMPROVEMENTS FOR SUCHPURPOSES; AND PRESCRIBING OTHER MATTERSRELATING THERETOhttps://www.fortsmithar.gov/home/showdocument?id=12588&t=638784898645955264
