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The pilot would start in the West Central neighborhood. City councilmembers disagreed about details of the draft program. It is unclear if and when the pilot program will be up for a vote.
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The event will be at Betty & Bobby Allison Sports Town in Springfield.
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Statements of qualification are being accepted through August 28.
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The eight-member board is appointed by City Council to suggest projects funded by the ½-cent portion of the ¾-cent sales tax approved by voters last November.
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The City responded Tuesday to reports that a "whites-only" community is looking to expand from Arkansas into the Springfield area.
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The funding will allow city officials to evaluate and come up with a plan for cleaning up property on the city's north side.
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Springfield City Council could vote on the proposed measure Monday night.
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With a unanimous vote on Monday night, Springfield City Council approved the preliminary plat for Hidden Gem Estates, a proposed subdivision near Highway 65 and Evans Road.
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Springfield government, the local chamber of commerce and city tourism officials all hope to create a $175 million event center somewhere downtown. They say the opportunity cost in not doing so amounts to more than $125,000 per day.
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David Cameron was city administrator of Republic from 2016 until recently.