Business
Holiday Island Petitioning for City Incorporation
Holiday Island Petitioning for City Incorporation.
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[{"type":"text","content":"\n \n \n Holiday Island Petitioning for City Incorporation\n \n \nHoliday Island Petitioning for City Incorporation\n \n HOLIDAY ISLAND, AR--(Marketwired - Jun 6, 2017) - Holiday Island Holdings, Inc. (OTC PINK: HIHI) -- a development stage company operating in the land development sector of the market -- is excited to announce that Holiday Island is in the process of petitioning to be incorporated as a City in the State of Arkansas.\n Holiday Island, Arkansas is a 4,000-acre community located between two national forests, on a 53,000-acre federal lake -- Table Rock Lake -- in the Ozark Mountains of Northwest Arkansas, 30 miles from the 3rd fastest growing metro in the U.S. Holiday Island has approximately 3,300 residents and a host of natural and man-made amenities including golf courses, recreation center, swimming pools, campground, walking trails, and many other outdoor activities on the local streams, rivers, lake, and mountains.\n Holiday Island is currently organized as a Suburban Improvement District \"SID\", a subset of the State of Arkansas. Holiday Island Suburban Improvement District \"HISID\" consist of 5-person elected Board of Directors, a District Manager, and a small staff. HISID's purpose is to maintain the community's infrastructure (water, wastewater, roads, fire, security, and amenities.)\n HISID is funded by annual assessments, water and sewer fees, and amenity use charges. As the life of an Arkansas SID is limited, there is a current effort -- far in advance of the SID's inability to maintain itself -- to seek approval from its registered voters to petition to incorporate as an Arkansas City. If successful, this would give the city the ability to add revenues and perpetuate its operation.\n Gene Thompson -- CEO of Holiday Island Holdings and former District Manger of Holiday Island -- said, \"If done correctly, incorporation would assure the longevity and prosperity of Holiday Island for the foreseeable future. And, it would give the Holiday Island property owners, residents, and registered voters more voice in the policies and operations of Holiday Island.\"\n Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for regular press releases about the Company'...