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•
RESOLUTION NO. 9,168
A RESOLUTION DESIGNATING THE LITTLE
ROCK SANITARY SEWER COMMITTEE AS THE
REPRESENTATIVE OF THE CITY OF LITTLE
ROCK TO EXPRESS THE INTENT FOR
REIMBURSEMENT FOR CERTAIN COSTS PAID
FROM BOND PROCEEDS RELATING TO THE
CITY OF LITTLE ROCK SEWER SYSTEM
UNDER U.S. TREASURY REGULATION NO.
1.150 -2 FOR REIMBURSEMENT RELATING
TO THE SEWER SYSTEM.
WHEREAS, the City of Little Rock, Arkansas (the "City")
owns a sewer system (the "system") which is operated under the
control of the Little Rock Sanitary Sewer Committee (the "Sewer
Committee "); and
WHEREAS, the City is authorized by the laws of the State of
Arkansas to issue bonds to finance extensions, betterments, and
improvements to the System; and
WHEREAS, the City can reimburse itself for certain costs
expended prior to the date the bonds are issued if a
representative of the City has given its official intent to
reimburse the city of such costs from bond proceeds in
accordance with United States Treasury Regulation No. 1.150 -2
(the "Regulation "); and
WHEREAS, the purpose of this Resolution is to designate the
Sewer Committee as the representative of the City to express the
official intent under the Regulation for reimbursements relating
to the System.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the Sewer Committee is hereby designated as
the appropriate representative of the City to express official
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intent for reimbursement from bonds proceeds for costs relating
to the System.
SECTION 2. This resolution shall be effective immediately2 ry
1C r
upon its adoption.
ADOPTED: June 7,.1994
Y 4 -�;
APPROVED AS TO FORK:
THOMAS M. CARPEN-TY.14j
CITY ATTORNEY
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