8458RESOLUTION NO. 8,458
A RESOLUTION AUTHORIZING THE OFFERING OF UP TO $4,000,000
CITY OF LITTLE ROCK, ARKANSAS 9 -1 -1 EMERGENCY
COMMUNICATIONS SYSTEM REVENUE BONDS, SERIES 1991 (THE
"BONDS"); APPROVING THE FORM OF OFFICIAL NOTICE OF SALE,
OFFICIAL BID FORM, AND PRELIMINARY OFFICIAL STATEMENT;
AND PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE
ISSUANCE OF THE BONDS.
WHEREAS, on February 5, 1991, the Board of Directors of the
City of Little Rock, Arkansas (the "City ") approved Resolution No.
8,444 authorizing the preparation of the documents for the offering
and sale of the City's Special Revenue Bonds (9 -1 -1 Public Safety
Communications Center Project), Series 1991, pursuant to the
provisions of Act No. 683 of 1985, as amended (Arkansas Code
Annotated Section 12 -10 -301, et sue.); and
WHEREAS, the City has approved a contract by and between the
City and Motorola, Inc. for the acquisition and installation of
equipment and technical advice to enhance the City's 9 -1 -1
Emergency Communications System; and
WHEREAS, upon the advice of the City Manager and City
Treasurer, the Board of Directors is now prepared to authorize the
offering of the Bonds for sale, and to approve the sale
documentation, as described hereinafter.
NOW, THEREFORE, BE IT RESOLVED, BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS, AS FOLLOWS:
SECTION 1. The Bonds shall be designated the "City Of Little
Rock, Arkansas Emergency Communications System Revenue Bonds,
Series 1991" (the "Bonds "). Up to $4,000,000 of the Bonds shall be
offered for sale on sealed bids, and at such time as may be
approved by the City Treasurer and Director of Finance (the
"Treasurer "), at the offices of the City, City Hall, 500 W.
Markham, Little Rock, Arkansas 72201, or at such other location as
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Treasurer. At such time and place, the Mayor and the Treasurer
shall meet to receive the bids, and are hereby authorized to accept
the bid in the name of the City if, in their discretion, they shall
determine so to do.
SECTION 2. The forms of the Official Notice of Sale and the
Official Bid Form, substantially in the forms exhibited to and
before the Board of Directors at the meeting at which this
Resolution is adopted, are hereby approved.
SECTION 3. The form of Preliminary Official Statement,
substantially in the form exhibited to and before the Board of
Directors at the meeting at which this Resolution is adopted, is
hereby approved.
SECTION 4. The Treasurer shall cause to be published in
newspapers in the City of New York, New York, and in Little Rock,
Arkansas, within the time provided by law, a Notice of Sale of the
Bonds, substantially in the form exhibited to the meeting at which
this Resolution is adopted.
SECTION 5. The Treasurer, after consultation with Bond
Counsel, is hereby authorized to distribute the Official Notice of
Sale, Official Bid Form, and Preliminary Official Statement to
prospective bidders for the Bonds, in substantially the form
submitted to this meeting, with such changes and modifications as
the Treasurer shall deem appropriate.
SECTION 6. The Treasurer is authorized to take such other
action, and to approve such other documents as is, in his
judgement, necessary or appropriate in order to provide for the
sale of the Bonds, on the date specified, and accomplish the intent
of this Resolution.
ADOPTED: March 5, 1991
ATTEST:
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ROBBIE HANCOCK, CITY CLERK
APPROVED AS TO FORM:
TOM CARPENTER, ACTING UCJLTX ATTORNEY
SA� &-�
`SHARON PRIEST, MAYOR
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