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86831 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 M M M M M RESOLUTION NO. 8,683 A RESOLUTION AUTHORIZING THE CITY MANAGER TO ALLOCATE $476,000 OF 1988 CAPITAL IMPROVEME2ff BOND FUNDS TO THE OTTER CREEK ROAD PROJECT. 195 WHEREAS, Little Rock, Ark., Resolution Numbers 7170 and 8109 authorized the Arkansas Highway and Transportation Department to utilize Federal Aid Urban Systems funds to construct the Otter Creek Road project; and WHEREAS; the right -of -way has been acquired and utilities relocated and the project is now ready for construction; and WHEREAS, $476,000 represents the City's required matching funds for project construction and construction inspection. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The City Manager is hereby authorized to allocate $476,000 from the 1988 Capital Improvement Bond funds appropriated by Ordinance Number 15,473 and 15,490 to the Otter Creek Road project representing the City's required matching funds for project construction and construction inspection. ADOPTED: April 7, 1992 ATTEST: • =-- -: • N4 WW:4 " • • 2�3 16(�