14094 1 RESOLUTION NO. 14,094
2 A RESOLUTION TO AUTHORIZE THE ISSUANCE OF A CAPITAL
3 IMPROVEMENT REVENUE BOND BY THE CITY OF LITTLE ROCK,
4 ARKANSAS, EMERGENCY MEDICAL HEALTH CARE FACILITIES
5 BOARD (LITTLE ROCK AMBULANCE AUTHORITY); AND FOR
6 OTHER PURPOSES.
7
8 WHEREAS, pursuant to Ordinance No. 14,062 adopted June 16, 1981, as amended, the Board of
9 Directors of the City of Little Rock, Arkansas (the "City") created the City of Little Rock, Arkansas,
10 Emergency Medical Health Care Facilities Board, which is commonly referred to as the Little Rock Am-
11 bulance Authority, and uses the business name of Metropolitan Emergency Medical Services, or MEMS;
12 and
13 WHEREAS,the Ambulance Authority proposes to acquire,construct,furnish and equip certain capital
14 improvements, including particularly, without limitation, a new headquarters building and a new
15 maintenance building, and associated site and parking improvements to be located at or near its present
16 location at 1101 West 8th Street in the City(the "Project"); and
17 WHEREAS, the Ambulance Authority proposes to issue a Capital Improvement Revenue Bond (the
18 "Bond") in a principal amount not to exceed Six Million Dollars ($6,000,000)to finance a portion of the
19 costs of the Project; and
20 WHEREAS,the Ambulance Authority proposes to sell the Bond to a financial institution in a private
21 placement transaction; and
22 WHEREAS,the Ambulance Authority proposes to repay the Bond with revenues from its operations;
23 and
24 WHEREAS, a public hearing on the question of the issuance of the Bond has been held before the
25 Board of Directors on this day following the publication of a notice of such hearing in the Arkansas
26 Democrat-Gazette, a newspaper of general circulation within the City, on March 6, 2015;
27 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
28 OF LITTLE ROCK,ARKANSAS
29 Section 1. The issuance of the Bond by the Ambulance Authority as hereinabove described to finance
30 a portion of the costs of the Project is hereby authorized and is in all respects approved.
31 Section 2. The adoption of this resolution by the City assumes no liability or responsibility for the
32 repayment of the Bond by the City.
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1 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
2 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adju-
3 dication shall not affect the remaining portions of the resolution which shall remain in full force and effect
4 as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the reso-
5 lution.
6 Section 4. Repealer. All laws,ordinances,resolutions,or parts of the same,that are inconsistent with
7 the provisions of this resolution,are hereby repealed to the extent of such inconsistency.
in conflict herewith are hereby Section 4. That all resolutions and parts thereof repealed to the extent
9 of such conflict.
10 PASSED: March 17,2015
11 ATTEST: APPROVED:
12
"AP
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13 !LiIv_
14 Susai g ; ,City Clerk Mark Stodola, Mayor
15 APPRi • i AS TO LEGAL FORM:
16
I 7 11.44,L-1/17 bfil. 6444
18 Thomas M. Carpenter,(City Att6)ney
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