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Fort Smith board approves resolution to begin sales‑tax bond issuance for sewer, consent‑decree work
Summary
The Fort Smith Board of Directors voted unanimously July 22 to adopt an intent resolution launching the issuance of sales and use tax bonds to fund sewer and consent‑decree projects, setting underwriting, counsel and a September ordinance schedule ahead of late‑October funding.
The Fort Smith Board of Directors on July 22 adopted an intent resolution to begin the sale of sales and use tax bonds to finance sewer improvements tied to a federal consent decree and other wastewater projects. The vote was 7–0.
The resolution, presented by city staff, follows a May 13 voter authorization allowing issuance of up to $385 million in sales‑tax bonds for consent‑decree and wastewater work. City staff said the bonds would fund construction of up to eight capital projects expected to be under contract by year end and could include design of three additional projects. The resolution names the underwriting team, financial advisor…
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