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3398 RESOLUTION NO. 3,398 A RESOLUTION REPORTING AND RECOMMENDING TO THE CITIZENS OF THE CITY OF LITTLE ROCK PASSAGE OF THE REFUNDING BOND ISSUE TO BE VOTED ON SEPTEMBER 14, 1965 ; AND FOR OTHER PURPOSES BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The Board of Directors of the City of Little Rock, individually and jointly, submit the following as a re- port and recommendation to the citizens of this community in support of the refunding bond issue to be voted upon Tuesday, September 14, 1965 : BONDS WITHOUT TAX INCREASE Your City Manager Government in 1958 asked the voters of Little Rock to vote $4, 950,000.00 bonds to do the following things : Provide Eighth Street Expressway $1,500,000.00 Widen Cantrell Road 300,000.00 Widen University Avenue 600,000.00 Widen Markham Street 75,000.00 West Rock 200,000.00 Storm drainage 300,000.00 Traffic control signals 150,000.00 Fire station construction 200,000.00 Parks 500,000.00 Airport 100,000.00 Construct Police & Courts Building 650,000.00 Remodel City Hall 200,000.00 Remodel Auditorium 150,000.00 We are glad to report to you at this time that all of these projects have been completed. Now, we ask you, the voters of Little Rock, to approve the refinancing of this bond issue which will give the City of Little Rock $4,925,000.00, with no tax increase, to do the following things : Fire stations and equipment $300,000.00 Parks 570,000.00 Widen streets 4,055,000.00 - 2 - The following streets will be widened: West Markham - McKinley Street to Shackleford Road $700,000.00 West 12th Street - Battery to Rodney Parham Road 655,000.00 Eliminate curve on West Third Street and straighten 650,000.00 65th Street construction 330,000.00 Mississippi Street - Cantrell Road to Rodney Parham Road 530,000.00 Chester Street 295,000.00 Street right-of-way 895,000.00 We pledge to you, the voters of Little Rock, that we will carry out this program, and hope that you will see fit to vote for these improvements. Ray Winder, Director Leo H. Griffin, Director Victor Menefee, Director Harold E. Henson, 9‘gt/(27. irector Martin Borchert, Director James F. Hewitt, Director William F. Steinkamp, Director - 3 - SECTION 2. This resolution shall be in full force and effect from and after its adoption. ADOPTED: September 7, 1965 ATTEST:c./p APPROVED: (" i.ty Clerk May