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8841M M M M M F = M M = W M M = 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 36 695 RESOLUTION NO. 8,841 A RESOLUTION AUTHORIZING THE TRANSFER OF $500,000 FROM THE PARR IMPROVEMENT BOND FUND INTO THE WEST LITTLE ROCK PARK PROJECT FUND AND FOR OTHER PURPOSES. WHEREAS, the 1988 Capital Improvement Bond Fund included a 1,000,000 item for acquiring, constructing, equipping or renovating a park in the City of Little Rock, Arkansas; and, WHEREAS the Board of Directors of the City of Little Rock has already appropriated $500,000 of this sum for a fund to purchase a park site within the City; and WHEREAS, after a careful selection process the City has selected a park site in western Little Rock and has negotiated a price of $1,250,000 to acquire fee simple title in the property; and WHEREAS it is necessary to fund the bond appropriation account for the full $1,000,000. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The sum of $500,000 is hereby transferred from the park improvement bond fund into Account No. 301 - 230 -049 for the West Little Rock Park Project. ADOPTffi9: December 30, 1992 aL_ ��..� R013BIE HANCGLX CLERK CITY APPROVED AS TO FORM: THOMAS M. TER CITY ATTORNEY APPROVED: iSHARON PRIEST MAYOR