10512I RESOLUTION NO. 10,512 138
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3 A RESOLUTION AUTHORIZING THE CITY MANAGER TO
4 ENTER INTO A CONTRACT WITH THE UALR INSTITUTE FOR
5 ECONOMIC ADVANCEMENT AND THE CENTRAL ARKANSAS
5 PLANNING DEVELOPMENT DISTRICT, JOINTLY TO DEVELOP
7 AN ECONOMIC RECOVERY STRATEGY TO IDENTIFY
8 SOLUTIONS TO ECONOMIC PROBLEMS CREATED BY THE
9 JANUARY 21, 1999, TORNADOES.
to WHEREAS, this strategy is being developed with funding assistance from the
11 Department of Commerce/Economic Development Administration's Economic Adjustment
12 Grant Program; and
13 . WHEREAS, the City wrote a pre - proposal application and was invited to submit
14 a full application for this funding after the January 21, 1999, tornadoes; and
15 WHEREAS, this strategy will provide a broad range of strategies related to
16 housing, historic preservation and all other aspects of economic renewal as well as the
17 recovery of businesses directly impacted by the storm.
18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
19 DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
20 SECTION 1. The City Manager is authorized to enter into a contract with the
21 UALR Institute for Economic Advancement and the Central Arkansas Planning
22 Development district jointly, to develop an Economic Recovery Strategy contingent upon
23 grant award from EDA.
24 SECTION 2. The City is applying for $100,000 in funding assistance from the
25 Economic Development Administration for development of this strategy. The grant may
25 require a 20% cash or in -kind match.
27 SECTION•3. This resolution shall be in full force and effect from and after its
28 adoption.
I ADOPTED: April 6, 1999
2 ATTEST:
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40 big Q•o 4AZA c4—
ROBBIE HAN OCK
5 CITY CLERK
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7 APPROVED AS TO FORM:
8 `t l
THOMAS M. CARPENTUR
10 CITY ATTORNEY
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APPROVED:
ALLEY
MAYOR
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