15294 1 RESOLUTION NO. 15,294
2
3 A RESOLUTION SETTING OCTOBER 20, 2020, AS THE DATE FOR A
4 PUBLIC HEARING TO CONSIDER THE ISSUANCE OF WATER
5 RECLAMATION SYSTEM REVENUE BONDS FOR THE PURPOSE OF
6 FINANCING BETTERMENTS AND IMPROVEMENTS TO THE CITY'S
7 WATER RECLAMATION SYSTEM.
8
9 WHEREAS,the City of Little Rock, Arkansas (the "City") owns a Water Reclamation System (the
10 "System"),which is operated by Little Rock Water Reclamation Authority("LRWRA"),for and on behalf
11 of the Little Rock Water Reclamation Commission("Commission"); and,
12 WHEREAS, the Commission has determined that the acquisition, construction, and equipping of
13 betterments and improvements to the System are necessary.
14 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
15 OF LITTLE ROCK,THAT:
16 Section 1. A Public Hearing shall be held by the Little Rock Board of Directors at its meeting that will
17 start at 6:00 PM.on October 20,2020,at the Robinson Center,William Still Ballroom,426 West Markham
18 Street, Little Rock, Arkansas, to consider the issuance of up to Seven Million, Five Hundred Thousand
19 Dollars($7,500,000.00)in principal amount of Water Reclamation System Revenue Bonds for the purpose
20 of financing betterments and improvements to the System. At the public hearing, all interested persons
21 shall have an opportunity to be heard concerning the proposed issuance of the Bonds.
22 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
23 word of this statement is declared or adjudges to be invalid or unconstitutional, such declaration or
24 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
25 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
26 resolution.
27 Section 3. Repealer. All laws, ordinance,resolutions, or parts of the same,that are inconsistent with
28 the provision of this resolution,are hereby repealed to the extent of such inconsistency.
29 ADOPTED: October 6,2020
30 ATT APPROVED:
312tOkft-
33 Sus 11 1116 City Clerk Frank Scott,Jr.,M
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1 APPROVED AS TO LEGAL FORM:
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3 cW1h44,1Adel U/6
4 Thomas M. Carpenter, City Att ney
5 II
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