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5383 RESOLUTION NO 5,383 A RESOLUTION AUTHORIZING A CONTRACT WITH PENNELL, ANDERSON, WILSHIRE AND ASSOCIATES , INC. FOR CON- SULTING SERVICES FOR THE LITTLE ROCK CENTRAL BUSINESS DISTRICT AND THE UNIVERSITY AVENUE CORRIDOR; AND FOR OTHER PURPOSES BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS . SECTION 1. The City Manager is hereby authorized to execute a contract for and on behalf of the City of Little Rock with the firm of Pennell , Anderson, Wilshire and Associates, Inc. , to provide the following services : a) Re-timing existing downtown signals to improve traffic flow. This project should be completed in approximately ninety days. b) Studies of new signal equipment needed to improve both downtown and University Avenue sectors. Contract price shall not exceed the sum of $55 ,000. 00 . Federal assistance on a 70-30 formula is available through the Arkansas Highway Department and the Federal Highway Administration, with the sum of $20, 000 . 00 as the City' s share , which sum has been previously appropriated for this purpose . SECTION 2 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED: June 17, 1975 ATTEST: APPROVED: Mayor City Cler