7268NNOM r M M.0
RESOLUTION NO. 7,268
A RESOLUTION AWARDING TO PURCHASER THE CITY
OF LITTLE ROCK, ARKANSAS MUNICIPAL AIRPORT
REVENUE REFUNDING AND IMPROVEMENT BONDS,
DATED NOVEMBER 1, 1984 IN THE AMOUNT OF
$7,000,000.
WHEREAS the City of Little Rock, Arkansas (the "City ")
duly advertised and now has under consideration the sale of
$7,000,000 City of Little Rock, Arkansas Municipal Airport
Revenue Refunding and Improvement Bonds, dated November 1, 1984
(the "Bonds "); and
WHEREAS the following bids were received:
,O
i
Net Interest Net Effective
Cost Rate
Merrill Lynch Capital Markets; Powell &
Satterfield & Dean Witter Reynolds $10,003,959.60 10.601345%
Prudential Bache Securities; E. F. Hutton;
Et Al 10,164,160.00 10,771112%
Stephens, Inc.; T. J. Raney & Sons, Inc.;
Et Al 10,274,160.00 10,88768%
; and
WHEREAS the City has received and considered the bids;
NOW, THEREFORE, BE IT RESOLVED by the Board of
Directors of the City of Little Rock, Arkansas:
Section 1: That the bid of Merrill Lynch Capital Markets
Powell & Satterfield, and Dean Witter Reynolds
for the Bonds is hereby found and declared to be the best bid
and the bid is hereby accepted, subject to the terms and
conditions of the Notice of Sale of the Bonds.
e- s
4- it
67
ADOPTED: October 10, 1984
APPROVED:
ATTE � r
Mayor
City Cler
(SEAL)
S