14358 1 RESOLUTION NO. 14,358
2
3 A RESOLUTION TO SET JUNE 21, 2016, AS THE DATE FOR A PUBLIC
4 HEARING TO CONSIDER THE ISSUANCE OF SEWER REVENUE
5 BONDS FOR THE PURPOSE OF FINANCING BETTERMENTS AND
6 IMPROVEMENTS TO THE CITY'S SEWER SYSTEM; AND FOR
7 OTHER PURPOSES.
8
9 WHEREAS, the City of Little Rock, Arkansas (the "City") owns a Sewer System (the "System"),
10 which is operated by Little Rock Wastewater (the "LRW"), for and on behalf of the Little Rock Water
11 Reclamation Commission (the"Commission"); and,
12 WHEREAS, the Commission has determined that the acquisition, construction and equipping of
13 betterments and improvements to the System are necessary in order for LRW to provide quality sanitary
14 sewer service to the City and its inhabitants;
15 NOW,THEREFORE, BE IT RESOLVED BY TIIE BOARD OF DIRECTORS OF THE CITY
16 OF LITTLE ROCK,ARKANSAS:
17 Section 1. June 22, 2016, at 6:00 PM shall be the date and time for a public hearing to consider the
18 issuance of up to Sixty-One Million Dollars ($61,000,000.00) in principal amount of Sewer Revenue
19 Bonds for the purpose of financing betterments and improvements to the System.
20 ADOPTED: June 7,2016
21APPRO D.
22 MO:
23 Vilradwcf
24 S
. . i gley,City Clerk ance Hines,Vice-Mayor
25 AP' ' 4 D AS TO LEGAL FORM:
26
27
Gam,,,,
28 Thomas M. Carpenter, ity At Iney
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