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05-27-03Minutes: Reconvened Meeting of the Little Rock Board of Directors May 27, 2003 MINUTES Board of Directors Room City Hall — 500 W. Markham Little Rock, Arkansas May 27, 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: Pugh, Hurst, Stewart, Kumpuris, Keck, Adcock, Graves, Wyrick, Vice Mayor Hinton, Mayor Dailey. Director Cazort and Kumpuris were absent. The items considered were as follows: 1. ORDINANCE NO. 18,871 - To create and establish the City of Little Rock Neighborhood Audit and Compliance Committee; to establish monthly reporting to said oversight committee of expenditure of funds collected from certain sales and Use Taxes; and for other purposes. Mayor Dailey asked Mr. Bruce Moore City Manager to outline the ordinance presented tonight. Mr. Moore stated this is the ordinance that originated from Little Rock Now, regarding the Establishment of the Neighborhood Audit and Compliance Committee. He stated this ordinance was much in the same format as the Little Rock Now, Incorporated group has presented to the Little Rock Board of Directors. Mr. Moore stated that in Section 2 of the presented ordinance, which outlines the makeup of the committee, which would be of seven members. Position 1 will be a Certified Public Accountant, Position 2 will be a Register Professional Engineer, Position 3 will be a member of the Little Rock Planning Commission, Position 4 will be a person nominated by Neighborhood Connection, from five nominations submitted by that group, and Position 5 and 6 will be selected At Large, and Position 7 will be a person nominated by Little Rock Now, from up to five nominations submitted to the Board, and that after the initial three year term of Position 7, that position would revert to an At Large position. Mr. Moore stated the other sections are the same as submitted by Little Rock Now. There was some discussion on committee member selection. Discussion included having a member from each Ward, having a Board of Director serve as an ex- officio member, and if members, once serving their initial term would be eligible to serve another consecutive term, why there were several At large positions, how a person would be able to serve on the committee, how to become a member of Neighborhood Connections and Little Rock Now. Ms. Janet Berry representing Little Rock Now stated there was a debate when constructing the membership process of having ward representation. She stated that several members of the group felt they would prefer there not be a turf battle among the wards. She stated the two At Large positions were put in so that the Board would have the opportunity to shape the committee to be what they felt they could work with, for example if they felt they needed more neighborhood people, or if they needed more business people, or geographic balance, which would give the Board a great deal of flexibility. Mayor Dailey reminded the Board that seventy percent of this tax proposal is allocated at ten percent for each of the seven wards. Ms. Berry stated that the projects come from the Public Works Project list. Ms. Berry explained that Neighborhood Association Presidents are sent invitations to become members of Neighborhood Connections, and those who attend the meeting are considered members. She stated that the Little Rock Now membership is composed of the original twenty -six members who serve on the Board of Directors, and believed that membership is by recommendation of that Board of Directors. The ordinance was read the first time. The rules were suspended by unanimous voice vote of the Board members present being two - thirds in number, to provide for the second and third readings of the ordinance. The ordinances were read the second and third time. By majority voice vote of the Board members present, the ordinance passed. The vote was recorded as follows: Directors Stewart and Pugh voted no. Directors: Hurst, Keck, Wyrick, Graves, Adcock, and Mayor Dailey voted yes. Minutes: Reconvened Meeting of the Little Rock Board of Directors May 27, 2003 2. ORDINANCE NO. 18,870- Providing for the issuance and sale of Capital Improvement and Refunding Revenue Bonds for the purposes of funding the acquisition, construction and equipping of parking improvements in the City of Little Rock, Arkansas; refunding the City's Capital Improvement Revenue Bonds (Second and Main Street) Series 1997; providing for the payment of the principal of and interest on the bonds; authorizing the execution and delivery of a trust indenture; and prescribing other matters relating thereto; and declaring an emergency. Synopsis: The bond ordinance authorizes the long -term financing of the River Market Parking Garage and the refunding of the Series 1997 bonds (second and Main Street) The ordinance was read the first time. The rules were suspended by unanimous voice vote of the Board members present, being two - thirds in number, to provide for the second and third readings of the ordinance. The ordinance was read the second and third times. Mayor Dailey called for the vote. By unanimous voice vote of the Board members present, the ordinance and the emergency clause passed. 3. ORDINANCE NO. - Amending various provisions of Chapter 31 and 36; the 2002- 2203 Zoning and Subdivision Ordinance Amendment Package. (Planning Commission: 8 yes, 0 no, 3 absent). Staff recommends approval. 1St reading held on May 6, 2003, second reading held on May 13, 2003. The item was tabled until June 17, 2003. Director Adcock, seconded by Director Keck, made a motion to adjourn the meeting. By unanimous voice vote of the Board members present the meeting was adjourned. ATTEST: Na c Wood City Clerk 2 APPROVE: Ji ailey, Mayor