06-11-02Minutes:
June 11, 2002
Reconvened Meeting
From June 4, 2002
MINUTES
Board of Directors Room
City Hall — 500 W. Markham
Little Rock, Arkansas
June 11, 2002
4:00 PM
The Board of Directors of the City of Little Rock, Arkansas met in reconvened session
with Mayor Dailey presiding. The meeting was reconvened from June 4, 2002. The roll
was called by City Clerk, Nancy Wood, with the following Directors present: Directors:
Hinton, Pugh, Stewart, Graves, Lichty, Kumpuris, Keck, Adcock, Wyrick. and Vice
Mayor Cazort.
The meeting was called for the purposes for discussion on City of Little Rock Financial
Reports and Discussion of the Vision Little Rock Recommendations, and whether to
consider joining Pulaski County in. efforts to pass a countywide sales tax, or to pursue a
city tax initiative.
Mr. Bob Biles, Finance Director gave the city's quarterly financial report (April, 2002),
and updated the Board on where the city stands five months into the fiscal year. .
There was lengthy discussion among the Board of Directors and Pulaski County Judge
Buddy Villines regarding the approach to a tax initiative. The discussion included what
the distribution of the tax would be, and the critical funding needs, and spelling out
exactly the voters what they would be voting on in the November 5, 2002 election.
Mayor Dailey called for a roll call vote on the question of whether to support the Pulaski
County, countywide tax plan. The plan would be presented on ballots as a menu. Voters
would select the items they want to pay for, choosing among infrastructure, parks and
green space, public transit, the county jail and Pulaski County Technical College in North
Little Rock, Arkansas. The county tax wild generate approximately $15.2 million a year
for the City of Little Rock, and would increase the city's 6.625 -cent tax rate to 7.75 cents
per dollar. The city only quarter cent tax proposal would raise an extra $10 million for
public safety. A quarter -cent tax would fund all areas except the college, which would be
backed with an eighth cent increase. Approving taxes or the jail and the Central
Arkansas Transit Authority would release municipalities from their interlocal agreements
to fund both of these entities each year. The saving for Little Rock would be $5.6 million
and for North Little Rock, $1.8 million. Director Kumpuris made the motion to call the
vote, Director Cazort seconded the motion. Mr. Cy Carney, City Manager, called the
roll and recorded the vote as follows: Directors: Wyrick, Adcock, Pugh, Lichty, and
Keck voted no. Directors: Kumpuris Graves, Stewart, Hinton, Cazort, and Mayor Dailey
voted yes.
A motion was made by Director Keck, seconded by Vice Mayor Cazort to adjourn. By
unanimous voice vote of the Board members present, the meeting was adjourned at 7:30
PM.
ATTEST:
y
City Cler
APPROVED:
Mat'