11481• •2003027638
03/25/2003 01:13:33 PH
Filed 8 Recorded in
Official Records of
1 RESOLUTION NO. 11,481 PULASKI COUNTY
CIRCUIT /COUNTY CLERK
2 Fees $17.00
3 A RESOLUTION TO ESTABLISH A PROCESS TO DETERMINE
4 WHETHER TO ISSUE LETTERS OF SUPPORT FOR FINANCING
5 MECHANISMS OFFERED BY THE ARKANSAS DEVELOPMENT
6 FINANCE AUTHORITY; AND FOR OTHER PURPOSES.
7
N WHEREAS, the Arkansas Development Finance Authority (ADFA) supports
9 affordable housing developments, and provides a variety of finance mechanisms such
10 as Low- Income Housing Tax Credits and Volume Cap Bonds, to do so, and
11 WHEREAS, a developer that seeks the benefit of one of these ADFA finance
12 mechanisms must include with an application a letter of support from the mayor of the
13 municipality where the proposed project is located, and
14 WHEREAS, the Board of Directors of the City of Little Rock wishes to establish a
15 process that will ensure that all such requests receipt a comprehensive review by staff
16 and the local citizens,
17 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
18 THE CITY OF LITTLE ROCK, ARKANSAS:
19 Section 1. No letter of support from the Mayor, or any other City official, with
20 regards to an Arkansas Development Finance Authority financing application shall be
21 issued unless the following steps have been met:
22 (A) The request for such a letter has been presented to the Mayor, or
23 the City Manager, at least sixty (60) days prior to the date such a
24 letter is needed and should include complete information about the
25 project, and the proposed location;
26 (B) If the letter is received by the Mayor, a copy shall
27 the City Manager immediately;
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Resolution
Process to approve letters of support for ADFA projed
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I (C) The City Manager shall review the letter, and forward the
2 information to the Department of Planning and Development, the
3 Department of Housing & Neighborhood Programs, and to the
4 Board of Directors for the following review:
5 (1) The Department of Planning & Development staff shall:
6 (a) Review the request to determine if the proposed
7 project is a compatible land use, and if the project is
8 consistent with the existing zoning classification; and
9 (b) If plans are available, review the proposed landscape,
10 parking and setback aspects of the project; and
11 (2) The Department of Housing & Neighborhood Development
12 staff shall:
13 (a) Review the request to determine the consistency of
14 the proposed project with the City's adopted
15 Consolidated Plan as it relates to CDBG and Housing
16 programs; and
17 (b) Transmit a copy of the request, with a cover sheet
18 that asks that any comments be sent back to the
19 Department of Housing & Neighborhood Programs
20 within thirty (30) days of the date of the transmittal,
21 to any neighborhood association that has boundaries
22 within the Planning District in which the proposed
23 project is to be located; and
24 (c) Post a copy of the request in the nearest City Alert
25 Center; and
26 (D) After the review has been conducted, each Department shall
27 respond to the City Manager with a report, in the format set forth
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Resolution
Process to approve letters of support for ADFA pmjen
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I below, which shall be placed before the Board of Directors at the
2 next available Board of Director Agenda for consideration:
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Staff Review of Requested Support Letters
For Project Funded Through
The Arkansas Development Finance Authority
Project:
Department:
Contact Person:
Comments/Recommendation:
11 Section 2. If authorized by the Board of Directors to do so, the Mayor shall
12 issue the requested letter of support.
13 Section 3. Nothing in this procedure shall permit the Board of Directors to
14 refuse authorization of an ADFA letter of support for any reason which violates federal
15 or state antidiscrimination laws or regulations.
16 Section 4. The City Manager shall take the process outlined in this Resolution
17 and make it a part of the procedural manual for City departments.
18 Section 5. Severability. In the event any title, section, paragraph, item,
19 sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid
20 or unconstitutional, such declaration or adjudication shall not affect the remaining
21 portions of the resolution which shall remain in full force and effect as if the portion so
22 declared or adjudged invalid or unconstitutional was not originally a part of the
23 resolution.
24 Section 6. Repealer. All laws and parts of laws are hereby repealed to the
25 extent of such inconsistency.
26 ADOPTED: March 18, 2003
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Reaolu6on
Pmm to approve lettert of support for ADFA project
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1 ATTEST:
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4 Nancy Woo , City Clerk
5 APPROVED AS TO LEGAL FORM:
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7 4" al U%AA-I0h i�.c- AXPIP
8 Thomas M. Carpenter, ity Attorney
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R ®oluRao
Process to approve letter, of support for ADPA project
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APPROVED: t
Aq1b,
Jim D '1 , Mayor