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100551 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 RESOLUTION NO 10,055 A RESOLUTION AUTHORIZING THE CITY MANAGER TO RESTRICT FOR INFRASTRUCTURE PURPOSES FRANCHISE FEES FROM ALL NEW FRANCHISES GRANTED BY THE CITY OF LITTLE ROCK. WHEREAS, the City of Little Rock desires to use for infrastructure purposes franchise fees received from all new franchises granted by the City. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City of Little Rock hereby authorizes the City Manager and his, staff to restrict all franchise fee revenues in excess of the total franchise fees received in 1997 from new franchise agreements granted by the City. SECTION 2. That these new franchise fees be placed into the Infrastructure or Capital Projects Fund. SECTION 3. That any use of the new franchise fees must be approved by the Board of Directors. ADOPTED: ATTEST: ROBBIE RAN CITY CLERK August 19, 1997 APPROVED AS TO FORM: THOMAS M. CARPE TER CITY ATTORNEY Fa 9 9tT41'1-"i ���• I I i 1 7 I MAYOR 405