Loading...
10949RESOLUTION NO. 10,949, A RESOLUTION AMENDING RESOLUTION NO. 10,528, AUTHORIZING THE ENTRY INTO AN AMENDMENT TO THE AGREEMENT TO ISSUE BONDS DATED APRIL 20, 1999 BETWEEN THE CITY OF LITTLE ROCK AND ACXIOM CORPORATION FOR THE PURPOSE OF ASSISTING IN THE FINANCING OF INDUSTRIAL FACILITIES WITHIN THE CITY OF LITTLE ROCK PURSUANT TO THE AUTHORITY OF AMENDMENT 65 TO THE ARKANSAS CONSTITUTION AND THE MUNICIPALITIES AND COUNTIES INDUSTRIAL DEVELOPMENT REVENUE BOND LAW, INCREASING THE PRINCIPAL AMOUNT OF BONDS AUTHORIZED TO BE ISSUED AND THE AD VALOREM TAX EXEMPTION OF THE FINANCED FACILITIES FROM $55,000,000 TO $65,000,000, AND DESCRIBING THE SECOND PROJECT TO BE FINANCED. WHEREAS, the City of Little Rock, Arkansas (the "City"), Acxiom Corporation, a Delaware corporation (the "Company "), entered into an Agreement to Issue Bonds, dated April 20, 1999 (the "Agreement "), relating to the issuance of industrial development revenue bonds under the provisions of Amendment 65 to the Arkansas Constitution and the Municipalities and Counties Industrial Development Revenue Bond Law, Arkansas Code Annotated §§ 14- 164 -201 to -224 (1998 Repl.), as amended (the "Act'); and WHEREAS, it is desirable that the City and the Company amend the Agreement in order to increase the amount of bonds authorized to be issued and the ad valorem tax exemption of the financed facilities from $55,000,000 to $65,000,000 and to describe the second project to be financed. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS that: Section 1. The Mayor and the City Clerk of the City are hereby authorized to enter into a First Amendment to the Agreement to Issue Bonds in substantially the form and substance as follows: FIRST AMENDMENT TO AGREEMENT TO ISSUE BONDS This First Amendment to Agreement to Issue Bonds is made as of December 12, 2000, by and between the City of Little Rock, Arkansas, a city of the first class under the laws of the State of Arkansas (the "City"), and Acxiom Corporation, a Delaware corporation (the "Company "), and amends that certain Agreement to Issue Bonds dated as of April 20, 1999 (the "Original Agreement'). 1. The Original Agreement is hereby amended by substituting "$65,000,000" , for "$55,000,000" each place it appears. 2. The Original Agreement is hereby amended by deleting the third "WHEREAS" paragraph in its entirety and replacing it with the following paragraph: 0 0 WHEREAS, the first facility will be located on the two city blocks bordered by Third Street on the North, Ferry Street on the East, Fourth Street on the South, and Commerce Street on the West (the "First Project'), the second facility will be located at 1590 Systems Drive (the "Second Project'), and the subsequent facility or facilities, if any, will be located on a site or sites within the City yet to be determined (the First Project, the Second Project, and any additional projects are referred to collectively as the "Projects "); and 3. The Original Agreement is hereby amended by inserting the following paragraph immediately after the fourth "WHEREAS" paragraph: WHEREAS, the Second Project will consist of one building of approximately five stories and containing approximately 150,000 square feet, and will include land, building, design, site improvements, landscaping, phone /data infrastructure equipment, furnishings, fixtures, and equipment, interest during construction, closing costs, and costs of issuance of bonds; and 4. The Original Agreement, as hereby amended, is and shall remain in full force and effect. IN WITNESS WHEREOF, the City of Little Rock, Arkansas, acting pursuant to a Resolution of its Board of Directors, has caused its name to be hereunto subscribed by its Mayor and the Company has caused its corporate name to be subscribed hereto by its duly authorized officer, all as of the year and date first above written. CITY OF LITTLE ROCK, ARKANSAS By: 944t— a Jim Dailey, Mayor ACXIOM CORPORATION By: Name /Title: Section 2. This Resolution shall be in full force and effect from and after its adoption. Adopted December 12, 2000. , n Jim Dailey, Mayor ATTEST:. , G Wood, City Clerk 2 0 CERTIFICATION STATE OF ARKANSAS ) ) ss COUNTY OF PULASKI ) 0 I, Nancy D. Wood, City Clerk of the City of Little Rock, Arkansas, do hereby certify that the foregoing instrument is a true and correct copy of the original Resolution No. 10, 949 , adopted by the Little Rock Board of Directors on December 12, 2000. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of this office this _4 day of December, 2000.