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85861 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 CJ N" RESOLUTION NO. 8,586 A RESOLUTION SETTING A DATE FOR A PUBLIC HEARING ON THE QUESTION OF THE ISSUANCE OF REFUNDING BONDS BY THE CITY OF LITTLE ROCK, ARKANSAS RESIDENTIAL HOUSING AND PUBLIC FACILITIES BOARD. 455 WHEREAS, the City of Little Rock, Arkansas Residential Housing and Public Facilities (the "Board ") presently has outstanding its Mortgage Revenue Bonds, Series 1982B (FHA Insured Mortgage Loan - Kanis Place Apartments - Section 8 Assisted Project), dated May 1, 1982 (the "Bonds "), the unpaid principal balance of which is $3 million; and WHEREAS, pursuant to policy announcements of the U. S. Department of Housing and Urban Development ( "HUD "), the owner of the project financed by the bonds has requested that the bonds be refunded on terms approved by HUD, in order to obtain a savings in interest cost; and WHEREAS, pursuant to State and federal law applicable to the issuance of revenue bonds by the Board, it is required that such issuance be approved by the Board of Directors of the City of Little Rock, following a public hearing, as to which reasonable notice thereof shall have been given by a publication of notice in a newspaper of general circulation within the City of Little Rock, Arkansas; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: A public hearing on the question of the issuance of revenue bonds to refund the Bonds described above by the City of Little Rock, Arkansas Residential Housing and Public Facilities Board be held at the regular meeting of the Board of Directors to be held at 6:30 p.m., Little Rock City Hall, 500 W. Markham, Little Rock, Arkansas, on November 5, 1991, and that the City Clerk Oq G� M 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 456 shall assure that notice thereof be published in the time and manner provided by lair. Section 2. This resolution shall be effective from and after its passage and approval. ADOPTED: October 15,. 1991 ATTEST: ROBBIE HANCO R, CITY CLERK APPROVED AS TO FORM: THOMAS M. CAR ENTE CITY ATTORNEY APPROVED: ,11HARON PRIEST, MAYOR