102201 RESOLUTION NO. 10.220 130
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3 A RESOLUTION TO SET A PUBLIC HEARING ON
4 WHETHER TO ADOPT AN ORDINANCE TO ISSUE PARKS
5 & RECREATION REVENUE BONDS IN AN AMOUNT NOT
6 TO EXCEED $16.5 MILLION; AND FOR OTHER
7 PURPOSES.
a
9 WHEREAS, the City has previously decided to fund certain improvements at the Little
10 Rock Zoo, its municipal golf courses, and at other parks locations over which it has control, and
11 to purchase additional park lands for the Clinton Presidential Park, and
12 WHEREAS, the best estimates and appraisals suggest that bonds in an amount not to
13 exceed $16,500,000 is the appropriate amount to authorize by ordinance, and
14 WHEREAS, it is required that a public hearing to discuss the issuance of these revenue
15 bonds be held and to consider any objections and suggestions that may be offered,
16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
17 THE CITY OF LITTLE ROCK, ARKANSAS:
18 SECTION 1. A public hearing on the question of the adoption of an ordinance to
19 authorize the issuance of revenue bonds in an amount not to exceed $16,500,000 in principal
20 amount of City of Little Rock, Arkansas Capital Improvement Revenue Bonds (Park and
21 Recreation Projects), Series 1998A, under the authority of Title 14, Chapter 164, Subchapter 4 of
22 the Arkansas Code shall be held on Tuesday, March 17, 1998, at 6:00 p.m., or as soon thereafter
23 as can be held on the regular call of the Board of Directors agenda, at Room 102 of Robinson
24 Auditorium, Little Rock, Arkansas. At such hearing all objections and suggestions will be heard
25 and considered so the Board of Directors can take such action on these bonds as it deems proper.
26 SECTION 2. The City Clerk is to assure that a timely notice of this public hearing is
27 published in accordance with Arkansas law, provided that compliance with this section may be
28 accomplished by the City Clerk, or by bond counsel working with the City Clerk.
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• 131
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ADOPTED: March , 1998
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ATTEST:
APPROVED:
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Robbie Hancock, City Clerk
Jim ailey, Mayor
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APPROVED AS TO LEGAL FORM:
�lLe c.,rrn liLi
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Thomas M. Carpenter, City Attorney
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