11515Resolution No. 11, 515
0
A RESOLUTION SETTING A DATE FOR A PUBLIC HEARING ON THE QUESTION OF THE
ISSUANCE OF CAPITAL IMPROVEMENT BONDS BY THE CITY OF LITTLE ROCK,
ARKANSAS RESIDENTIAL HOUSING AND PUBLIC FACILITIES BOARD
WHEREAS, the City of Little Rock, Arkansas Residential Housing and Public Facilities Board
(the "Facilities Board ") proposes to issue not to exceed $1,700,000 of its capital improvement
revenue bonds for the purpose of acquiring, constructing, and equipping capital improvement
facilities (the "Project') for the Central Arkansas Library System ( "CALS "); and
WHEREAS, CALS is a public body corporate and politic created by an interlocal cooperation
agreement duly entered into by Pulaski County, Arkansas, Perry County, Arkansas, and the City of
Little Rock, Arkansas (the "City"), pursuant to the Interlocal Cooperation Act of the State of
Arkansas, codified as Ark. Code Ann. §§ 25 -20 -101 et seq. and §§ 25 -20 -201 et seq. (1998 Repl.;
Suppl. 2001), for the purpose of providing library services to the public; and
WHEREAS, the acquisition, construction, and equipping of the Project will greatly enhance the
ability of CALS to serve residents of the City and be of benefit to the public in general; and
WHEREAS, pursuant to State and federal law applicable to the issuance of revenue bonds by the
Facilities Board, it is required that such issuance be approved by the Board of Directors of the City
of Little Rock, following a public hearing, as to which reasonable notice thereof shall have been
given by a publication of notice in a newspaper of general circulation within the City;
Now, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK,
ARKANSAS, THAT:
SECTION 1. A public hearing on the question of the issuance of revenue bonds for the purposes
recited above by the City of Little Rock, Arkansas Residential Housing and Public Facilities Board
be held at the regular meeting of the Board of Directors to be held at 6:00 p.m., Little Rock City
Hall, 500 West Markham, Little Rock, Arkansas, on June 3, 2003, and that the City Clerk shall
assure that notice thereof is published in the time and manner provided by law.
SECTION 2. This resolution shall be effective from and after its passage and approval.
ADOPTED: May 20, 2003.
Approved:
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Attest:
/ ir✓CLfLiie�
nc ood, ity Clerk
Approved as to Form:
Thomas M. Carpenter
City Attorney