The Fort Smith Board of Directors on Tuesday will discuss the sale of water and sewer refunding and construction revenue bonds.
The board will hold a public hearing for a proposed ordinance to authorize the sale of up to $160 million in water and sewer refunding. The ordinance has been proposed because city officials have determined the system needs extensions and improvements in order for Fort Smith residents to have proper water and sewer facilities, according to a draft of the ordinance.
The sale includes up to $67 million for the refunding of water and sewer and construction revenue bonds, $82 million for new water and sewer projects and $11 million for premiums, reserves or in case estimates change from changes in the bond pricing, according to a memo from Deputy City Administrator Jeff Dingman to City Administrator Carl Geffken.
The board will consider the proposed ordinance at its July 24 meeting, the memo states.
The board will also vote at the meeting on ordinances regarding the zoning and classifications of city properties. The proposed ordinances regarding the city zoning map would affect properties at 3123 block of Jenny Lind Road, 12201 Old Highway 71 and 7601 Massard Road, according to the respective memos for each proposed ordinance from Developmental Services Director Wally Bailey to Geffken.
Each proposed ordinance is for potential future development in those areas. Officials with the Planning Commission have held meetings for all three properties in question and have not met any opposition from surrounding property owners at the meetings, the memos state.
The board will also vote on a proposed resolution for the endorsement of business to participate in the state "Tax Back" program. The program would allow new or expanding businesses to request sales tax refunds on building materials, equipment or other expenses incurred during their establishments or expansions, according to a memo from Dingman to Geffken.
The board will also vote on the repealing of Secition 14-91, which was adopted in 1953 and states "It shall be unlawful for any person to operate a public dance hall on Sunday, or to operate any other place in which dancing is engaged in on Sunday.” The rule, which may be unofficially known as the "Footloose" rule, says such dancing "greatly endangers the public health, safety and welfare."
The board will also vote on an ordinance to amend the 2018 budget to accommodate the purchase and installation of new flooring and carpet at the Fort Smith Convention Center. It will also vote on resolutions to authorize a change order with Crossland Heavy Contractors Inc. for the Riverlyn wastewater pump station replacement to authorize a final payment to Crossland and to authorize the acquisition of property interests for two capacity improvements, according to the meeting packet.
The Board of Directors will meet at 6 p.m. Tuesday at the Fort Smith Public Schools Service Center.