02/11/03 MINUTES
Board of Directors Room
City Hall—500 W. Markham
Little Rock, Arkansas
February 11, 2003
4:00 PM
The Board of Directors of the City of Little Rock, Arkansas met in a reconvened session
with Mayor Dailey presiding. The roll was called by City Clerk,Nancy Wood, with the
following Directors present: Hurst, Kumpuris, Keck, Adcock, Graves, Cazort and Vice
Mayor Hinton, Mayor Dailey. Director Pugh, Stewart and Wyrick were absent.
The items considered were as follows:
Mayor Dailey asked the Board to allow Mr. Jeff Dailey to make a presentation for"City
Year". Mr. Dailey explained this was a program for 17-24 year olds to develop
leadership and community development skills.
1. RESOLUTION NO. 11,456 - Support for funding of the Fruit of the Spirit Assisted
Living development for College Station, Arkansas.
2. RESOLUTION NO. 11,457 - Support for funding of the Madison Heights Phase III
Mixed Income Housing Units Finance Authority; and for other purposes.
3. RESOLUTION NO. 11,458 - Support for funding of the Stonewood Apartments on
Springer Boulevard affordable housing units by the Arkansas Development Finance
Authority.
Items 1-3 were read by the City Clerk. Director Adcock made the motion; seconded by
Director Cazort to adopt the resolutions. By unanimous voice vote of the Board members
present the resolutions were adopted.
4. RESOLUTION-Authorizing the City Manager to enter into a ninety (90) day Option
Agreement with Central Arkansas Regional Industrial Development Company
("CARDIC") to purchase the M. M. Cohn Building from the City of Little Rock; and for
other purposes. A motion was made by Vice Mayor Hinton to modify the agenda by
deleting Item 4, due the applicant withdrawing his application. Director Kumpuris
seconded the motion. By unanimous voice vote of the Board members present, the
motion was passed, and the agenda was modified.
Mr. Alex Davidson stated his firm was interested in buying the MM Cohn Building, and
asked what process he needed to go through to buy the building.
Mr. Bruce Moore, City Manger stated he would recommend a course of action in the next
three weeks regarding the bid process. Mayor Dailey asked Mr. Davidson to work with
Mr. Moore regarding the process and proposal.
A motion was made by Director Cazort, seconded by Vice Mayor Hinton to adjourn the
meeting. By unanimous voice vote of the Board members present. The meeting was
adjourned at 4:20 P.M.
ADJOURN
ATTEST: APPROVED: