Project Description

The bond will fund improvements to existing streets and any lighting, utility adjustments, curb, gutter, and drainage improvements related thereto and equipment for street purposes.

Estimated cost:
Resurfacing streets, curbs, gutters, and equipment needs $860,000
(Of this $860,000 about $600,000 will be street repair)

Bonds of the City of Heber Springs in the maximum principal amount of $860,000 for the purpose of financing all or a portion of the costs of improvements to existing streets and any lighting, utility adjustments, curb, gutter, and drainage improvements related thereto and equipment for street purposes and, in order to pay the bonds, the levy and pledge of a 0.625% local sales and use tax within the City, which will replace an existing 0.625% sales and use tax levied in 2006 for the sole purpose of retiring bonds.