The tax rededication passed in February promised that part of the money generated would go toward a general fund reserve — a “rainy day fund” — and the establishment of the fund will be considered by the Conway City Council Tuesday night.
The council will meet at 6:30 p.m. Tuesday in the District Court Building to consider an ordinance appropriating funds for a general fund reserve as well as several other proposals.
When promoting the sales tax rededication, part of the money generated was to go toward “a true general fund reserve of $2 million.” The proposed ordinance will allow the city to fund the reserve over a 4-year period by dedicating $500,000 each year as money comes available of a cash flow basis.
In addition to the general fund reserve, the city proposed dedicating part of the tax money to new equipment for police, fire and sanitation departments as well as a one-time bonus for city employees. On Tuesday, two city employees, Conway police officer Richard Shumate, Jr. and Conway firefighter Damon Reed sued the city based on a resolution on the tax from 2001, which was to go toward employee salaries.
Some who opposed the tax rededication said during public meetings about the proposed tax that the general fund reserve would be better suited to go toward employee salaries. The rededication passed easily.
The council will also consider:
— Approval of nominations for the Airport Advisory Committee.
— A resolution requesting the Faulkner County Tax Collector place a certified lien against property located at 1618 Sarah Circle for incurred expenses by Conway.
• Entering into a reimbursement agreement with Exxon Mobil Pipeline for City of Conway Arterial Loop Project.
• Accepting bids for the Stone Dam Creek Pathway Project (Mimosa Dr. to Dave Ward Drive).
• An ordinance accepting and appropriating grant funds for the Conway Tree Board to help pay for expenses associated with the 2012 Arbor Day Celebration.
• An ordinance accepting and appropriating grant funds received for Conway EcoFest 2012 events.
• An ordinance to rezone property located west of the termination of Collins Drive from R-1 to PUD.
• Accepting bids for the purchase of a trackhoe excavator for the Conway Sanitation Department.
•Accepting bids for the auction of weapons for the Conway Police Department.