There is a special election today in Little Rock. While I remember seeing something about it in my Facebook feeds, I like many voters almost forgot about it, until I heard about it on the news this morning. So, I immediately went to the Vote Pulaski website for more information.
Here’s what I found out. On Vote Pulaski’s home page there is a section of upcoming election notices. Just click the link to view the notice for the Little Rock Special Election on February 9, 2016. An excerpt follows.
MACARTHUR PARK IMPROVEMENT BONDS
An issue of bonds of the City of Little Rock, Arkansas in one or more series in the maximum aggregate principal amount of Thirty-Seven Million, Five Hundred Thousand Dollars ($37,500,000.00) for the purpose of financing a portion of the costs of improvements to MacArthur Park, including particularly, without limitation, renovations and additions to, and furnishings and equipment for, the Arkansas Arts Center and renovations and equipment for the MacArthur Museum of Arkansas Military History, including any necessary parking, landscaping, signage, drainage, lighting, road and utility improvements in MacArthur Park.
The bonds will be payable from and secured by a pledge of the collections of the taxes levied by the City at an aggregate rate of 2% upon the gross receipts or gross proceeds derived and received from the renting, leasing or otherwise furnishing of hotel, motel, bed and breakfast or short-term condominium or apartment rental accommodations for sleeping for profit in the City, pursuant to Ordinance Nos. 21,140 and 21,141 adopted December 1, 2015.
The proceeds of the bonds will also be used to provide a debt service reserve and pay costs of issuing the bonds. (more information)
BE HEARD! YOUR VOICE MATTERS!
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