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HomeMy WebLinkAbout19-67 RESOLUTIONRESOLUTION NO. /9'' U/ 7 WHEREAS, there has been duly presented to the Board of Directors of the City of Fayetteville; Arkansas, an Agreement between the cities of Fayetteville, Springdale, Rogers, Siloam Springs and Bentonville, and the counties of Benton And Washington, providing for the creation and establishment of the Northwest Arkansas Regional Airport Authority, a body corporate, under and by virtue of the Autho- rity contained in Act 430, 1967 Acts of Arkansas, and, WHEREAS, the primary purpose of said authority is to construct, own, maintain, and operate a regional airport to serve the air trans- portation needs of the cities and counties signatory to said Agree- ment, and WHEREAS, after due consideration of said Agreement, it has been determined by the Board of Directors of the City of Fayetteville, Arkansas, that the air transportation facilities to be provided pur- suant to said Agreement are essential to the economic and industrial growth of the City of Fayetteville, Arkansas, and to Northwest Arkansas, and necessary for the well being of its citizens in meeting their trans- portation needs; that in light of the costs attendant upon providing adequate air transportation facilities, joint cooperation with the cities and counties signatory to said Agreement pursuant to Act 430, sura, is the most economic and feasible means of providing said faci- lities; and further, that it is wise, expedient and necessary that said Authority be created in order to provide said facilities. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: SECTION 1. That said Agreement providing for the creation and establishment of the Northwest Arkansas Regional Airport Authority, a .corporate entity, (a copy of which Agreement annexed to this resolu- tion) is hereby in all respects approved and the Mayor and City Clerk are hereby authorized and directed to execute said Agreement in behalf of the City of Fayetteville, Arkansas. SECTION 2. That upon approval of said Agreement by the govern- ing bodies of other signatory parties to said Agreement' the duly appoin- ted members of the Authority are hereby authorized to proceed with the organization of said Authority in accordance with the terms of said Agreement. PASSED AND APPROVED THIS ATTEST: GEORGErI,, CITY / /i day of e� `..40/....-i 1967. APPROVED: DON TRUMBO, MAYOR •