Ballot Question:
STREET IMPROVEMENT BONDS AND 1% SALES AND USE TAX
An issue of bonds of the City of Springdale in the maximum aggregate principal amount of $92,710,000 for the purpose of financing all or a portion of the costs of new, and improvements to existing, streets, roads and bridges, including, particularly, without limitation, any curb, gutter and drainage improvements, equipment and land acquisition to accomplish such improvements, and street lighting, utility adjustments, sidewalks and traffic signals related thereto, professional fees related to any of the foregoing, the establishment of reserves, and bond issuance and any credit enhancement costs, and, in order to pay the bonds, the levy and pledge of a new 1% local sales and use tax within the City that will expire after the bonds have been paid or provision is made therefor in accordance with Arkansas statutes.
FOR
AGAINST