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1 RESOLUTION NO. 11,467
2
3 A RESOLUTION TO APPOINT FRIDAY, ELDREDGE & CLARK AS
a BOND COUNSEL FOR THE PROPOSED 2003 CAPITAL
s EQUIPMENT SHORT -TERM FINANCING PROJECT AND FOR
6 OTHER PURPOSES.
7
e WHEREAS, it is necessary to have bond counsel to work with the City to perform
9 legal work related to the short -term financing of capital equipment for 2003; and
10 WHEREAS, the City requested proposals from qualified firms to handle this work;
11 and
12 WHEREAS, the proposals were reviewed by a selection committee designated in
13 accordance with City ordinance; and
14 WHEREAS, the committee has concluded that the law firm of Friday, Eldredge &
15 Clark is the most qualified to handle the legal work, and has the knowledge and experience
16 with similar financings in Arkansas and nationally.
17 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
1e THE CITY OF LITTLE ROCK, ARKANSAS:
19 Section 1. The City Manager is hereby authorized to enter into an agreement with
20 Friday, Eldredge & Clark to act as bond counsel for the 2003 short -term financing project of
21 capital expenditures.
22 Section 2. Severability. In the event any title, section, paragraph, item, sentence,
23 clause, phrase, or word of this resolution is declared or adjudged to be invalid or
24 unconstitutional, such declaration or adjudication shall not affect the remaining portions of
25 the resolution which shall remain in full force and effect as if the portion so declared or
26 adjudged invalid or unconstitutional was not originally a part of the resolution.
[PAGE 1 OF 21
Resolution to appoint Friday, Eldredge & Clark as bond
Counsel for 2003 Capital Equipment ShortTerm Financing Project
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1 Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
2 inconsistent with the provisions of this resolution, are hereby repealed to the extent of such
3 inconsistency.
4 Section 4. This resolution shall be in full force and effect from and after its adoption.
5 ADOPTED: February 18, 2003
6 ATTEST: APPROVED:
7
9 Nancy Wo d, City Clerk
10
11 APPROVED AS TO FORM:
12
1
14 Thomas M. Carpenter, City Attorney
is H
16 H
17 H
1s H
19 H
20 H
21 H
22 H
23 H
24 H
25 H
26 H
27 H
[PAGE 2 OF 21
Resolution to appoint Friday, Eldredge & Clark as bond
Counsel for 2003 Capital Equipment ShorMTerm Financing Project
Willie Hinton, - -Vice Mayor