11144RESOLUTION NO.
A RESOLUTION DECLARING THE INTENT OF THE CITY OF LITTLE
ROCK, ARKANSAS TO MAKE CERTAIN EXPENDITURES TOWARD
CAPITAL IMPROVEMENTS FOR THE CITY AND TO REIMBURSE
ITSELF FOR SUCH EXPENDITURES FROM THE PROCEEDS OF
BONDS OF THE CITY; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
WHEREAS, the City of Little Rock, Arkansas (the "City ") proposes to acquire certain
equipment for use in the City's operations (the "Capital Improvements "); and
WHEREAS, it is appropriate that the City assure that its power to issue capital
improvement bonds to finance the costs of the Capital Improvements, the interest on which is
exempt from federal income tax, will, under applicable Treasury Regulations, be preserved, and
adoption of this Resolution serves that purpose.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City hereby declares it official intent pursuant to United States
Treasury Regulation § 1.150 -2 to reimburse itself for original expenditures made in acquiring the
Capital Improvements between the date that is sixty (60) days prior to the date of this Resolution
and the date the bonds or other evidences of indebtedness are issued, plus a de minimis amount
and pertaining expenditures, with proceeds of one or more series of tax - exempt bonds or other
evidences of indebtedness in the principal amount not to exceed $1,175,000.
SECTION 2. This Resolution shall be in effect upon its adoption and approval.
ADOPTED: October 16, 2001
ATTEST:
NA�CY WQ D, CITY CLERK
APPROVED AS TO FORM:
ii tT✓t �, ,
THOMAS M. CARPENT R
CITY ATTORNEY
APPROVED:`
JIN9XILEY, MAYO