7094:1
RESOLUTION NO. 7,094
A RESOLUTION APPROVING THE ISSUANCE BY CAPITOL VIEW
CENTRAL BUSINESS IMPROVEMENT DISTRICT NO. 4 OF THE
CITY OF LITTLE ROCK, ARKANSAS OF NOT TO EXCEED
$7,000,000 PRINCIPAL AMOUNT OF ITS REVENUE BONDS
(CAPITOL VIEW LIMITED PARTNERSHIP PROJECT), SERIES 1983
WHEREAS, the Board of Commissioners of Capitol View Central
Business Improvement District No. 4 of the City of Little Rock,
Arkansas (the "District ") has adopted a resolution indicating
its intent to issue not more than $7,000,000 principal amount of
the District's Revenue Bonds (Capitol View Limited Partnership
Project), Series 1983 ( "Bonds ") for the purpose of acquiring and
renovating an existing hotel located at 625 West Capitol Avenue,
Little Rock, Arkansas, by the Capitol View Limited Partnership;
and
WHEREAS, a public hearing has been held before the Board of
Directors of the City of Little Rock, Arkansas on this date
regarding the issuance of the Bonds following publication of
notice of the public hearing in the Arkansas Gazette on
October 27, 1983 and November 1, 1983; and
WHEREAS, pursuant to the provisions of the Tax .Equity and
Fiscal Responsibility Act of 1982, it is necessary for federal
income taxation purposes that the issuance of the Bonds be
approved by the Board of Directors of the City of Little Rock,
Arkansas; and
WHEREAS, the Board of Directors of the City of Little Rock,
Arkansas, has determined that the public purposes for which the
Bonds are to be issued serve a proper need;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
1. That the issuance by the District of not to exceed
$7,000,000 principal amount of its Revenue Bonds (Capitol View
Limited Partnership Project) , Series 1983, be and the same is
hereby approved within the meaning of Section 103(k) of the
Internal Revenue Code of 1954, as amended.
2. That this Resolution is adopted solely for the purpose
of complying with the provisions of the Tax Equity and Fiscal
Responsibility Act of 1982, and that
Resolution the City of Little Rock has
indirect financial responsibility for t
3. That this Resolution shall be
its passage and approval.
ADOPTED: November 15, 1983.
ATTEST:
Jan Cz ch, Ci Clerk
(S E A L)
RLF110183
181
by the adoption of this
not assumed any direct or
he payment of the Bonds.
in effect from and after
APPROVED:
,�°;.�u�-
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