SPECIAL ELECTION FOR THE CITY OF CENTERTON

The bonds described below that are approved may be combined into a single issue or may be issued in series from time to time. The City currently has in place a one percent (1.0%) City-wide sales and use tax levied under Ordinance No. 2017-37 adopted by the City Council of the City on July 11, 2017, which was approved by special election of the electors of the City held on September 12, 2017 (the “Existing Sales and Use Tax”). If one or more of the Community Center Facility Bonds, Street Improvements Bonds, Parks and Recreation Improvement Bonds, or Police Facilities Bonds are approved, there will be levied a replacement 1.0% sales and use tax within the City (the “Replacement Sales and Use Tax”), the net collections of which remaining after the State of Arkansas deducts its administrative charges and required rebates, will be used solely to retire the bonds and obligations of the City with respect thereto. If approved, the Replacement Sales and Use Tax will replace the Existing Sales and Use Tax. If none of the Community Center Facility Bonds, Street Improvements Bonds, Parks and Recreation Improvement Bonds, or Police Facilities Bonds are approved, the Existing Sales and Use Tax will remain in place along with the City’s currently existing bonding authority with respect to the Existing Sales and Use Tax. If the Refunding Bonds are approved but none of the Community Center Facility Bonds, Street Improvements Bonds, Parks and Recreation Improvement Bonds, or Police Facilities Bonds are approved, the Existing Sales and Use Tax will remain in place and will be pledged to the payment of the Refunding Bonds. The effective date of the Replacement Sales and Use Tax, if approved, will be the day following the date the existing tax expires. The rate of taxation will be 1.0% even if bonds for more than one purpose are approved.

REFUNDING BONDS AND TAX

Vote FOR or AGAINST an issue of bonds of the City of Centerton in the maximum principal amount of $3,500,000 for the purpose of refunding the City’s outstanding Sales and Use Tax Refunding and Improvements Bonds, Tax Exempt Series 2017A, the City’s outstanding Sales and Use Tax Refunding and Improvement Bonds, Taxable Series 2017B, and the City’s outstanding Sales and Use Tax Improvement Bonds, Series 2021, and in order to pay the bonds, either (i) the levy and pledge of the Replacement Sales and Use Tax which will be a new 1.0% local sales and use tax within the City if any one or more of the Community Center Facility Bonds, Street Improvements Bonds, Parks and Recreation Improvement Bonds, or Police Facilities Bonds are approved, or (ii) the pledge of the Existing Sales and Use Tax which is the currently existing 1.0% local sales and use tax within the City if none of the Community Center Facility Bonds, Street Improvements Bonds, Parks and Recreation Improvement Bonds, or Police Facilities Bonds are approved.

FOR or AGAINST

COMMUNITY CENTER FACILITIES BONDS

Vote FOR or AGAINST an issue of bonds of the City of Centerton in the maximum principal amount of $26,000,000 for the purpose of financing land acquisition and construction of a multiple-use community center and parking, which facility may include indoor swimming pool, bathhouse, therapy pool, athletic courts, walking track, and other amenities, together with street, parking and drainage improvements therefor, extension of utilities, sidewalks, bicycle paths, and utility relocations to such facilities, together with parking, furnishings, equipment, drainage, lighting, utility improvements, and related traffic signals therefor, and to provide for future renovations and improvements to such facilities and, in order to pay the bonds, the levy and pledge of a new 1.0% local sales and use tax within the City.

FOR or AGAINST

Additional information:
Center voters asked to fund facility
Centerton wants residents to vote on sales tax extension to pay for community center

STREET IMPROVEMENTS BONDS

Vote FOR or AGAINST an issue of bonds of the City of Centerton in the maximum principal amount of $13,169,600 for the purpose of financing improvements to the City’s streets, roads, and bridges, including any curb, gutter, and drainage improvements, equipment and land acquisition to accomplish such improvements, and street lighting, adjustments, sidewalks, and traffic signals related thereto and, in order to pay the bonds, the levy and pledge of a new 1.0% local sales and use tax within the City.

FOR or AGAINST

PARKS AND RECREATION IMPROVEMENTS BONDS

Vote FOR or AGAINST an issue of bonds of the City of Centerton in the maximum principal amount of $2,618,700 for the purpose of financing extensions, betterments, and improvements to the City’s park and recreational facilities, including particularly, without limitation, land acquisition for future parks, renovations, and improvements to existing parks, and ball fields and parking, furnishings, equipment, drainage, lighting, and utility improvements therefor and, in order to pay the bonds, the levy and pledge of a new 1.0% local sales and use tax within the City.

FOR or AGAINST

POLICE FACILITIES BONDS

Vote FOR or AGAINST an issue of bonds of the City of Centerton in the maximum principal amount of $1,560,000 for the purpose of financing facility improvements, vehicles, and other rolling stock and related apparatus for the police department and, in order to pay the bonds, the levy and pledge of a new 1.0% local sales and use tax within the City.

FOR or AGAINST