116481 RESOLUTION NO. 11648
2
3 A RESOLUTION TO CREATE A PROJECT PROGRESS COMMITTEE
4 TO MONITOR FULFILLMENT OF THE LIMITED OBLIGATION
5 CAPITAL IMPROVEMENT BOND ISSUE PROJECTS; AND FOR
6 OTHER PURPOSES.
7
8 WHEREAS, the voters approved a seventy million six hundred and thirty -five
9 thousand dollar ($70,635,000) limited obligation capital improvement bond issue at an
10 election held on November 4, 2003, and
11 WHEREAS, the Board of Directors approved the issuance of the bonds in Little
12 Rock, Ark., Ordinance No. 19,005 (December 16, 2003), and
13 WHEREAS, the Board formally identified each of the projects to be completed
14 with proceeds from the bond issue in Little Rock, Ark., Resolution No. 11,650
15 (December 16, 2003), and
16 WHEREAS, the Board believes that it is appropriate to have a citizen's
17 committee, to work with the City Manager, to have periodic meetings to review the
18 progress of construction on these various projects,
19 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
20 THE CITY OF LITTLE ROCK, ARKANSAS:
21 Section 1. . The Board hereby creates the Project Progress Committee ( "the
22 Committee ") to work under the City Manager and review progress on the various
23 projects to be funded with proceeds from the $70,635,000 Limited Obligation Capital
24 Improvement Bond Issue (Series 2004) ( "the Bond Issue ").
[PAGE 1 OF 31
Resolution
Project Completion Progress Committee
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Section 2.
The Committee shall be in existence for a period of three years after
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its initial members are appointed, or until the projects funded with proceeds of the
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Bond Issue ( "the Bond Projects ") are completed, whichever occurs first.
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Section 3.
The Committee shall be comprised of eleven (11) members selected
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by the Board of Directors, with input from the City Manager, as follows:
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(a)
One member from each ward of the City;
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(b)
One person with a degree in accounting who is a practicing
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accountant, or has been a Certified Public Accountant in good
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standing;
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(c)
One person with a degree or experience in the field of civil
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engineering;
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(d)
One person with a demonstrated interest and involvement in parks
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and recreation activities, or in zoo activities; and
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(e)
One person with a degree or experience in the field of
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telecommunications.
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Section 4.
The Committee shall meet once a month at the call of the City
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Manager, or his designee, who shall serve as the Chair of the Committee.
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Section 5.
The Committee shall:
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(a)
Review the proposed monthly written reports of the City Manager
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to the Board of Directors which outline:
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(1) Which Bond Projects have been started during the preceding
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month, and what steps have been taken by the City staff
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towards the completion of such projects;
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(2) Which Bond Projects have been completed during the
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preceding month;
Raotution [PAGE 2 OF 3]
Project Completion Progress Commftice
1 (3) Any special items of interest which the City Manager, or the
2 Committee, believe should be included in the monthly
3 report on the status of uncompleted Bond Projects;
4 (b) Review proposed quarterly reports of the City Manager to the
5 Board of Directors which outline in more detail ghat Bond Project
6 work has been undertaken in the preceding three months;
7 (c) Make recommendations to the City Manager on ways to publicize
8 to neighborhood organizations, civic groups and the generail public,
9 the progress being made towards the completion of Bond Projects.
10 Section 6. Severabitity. In the event any title, section, paragraph, item,
I 1 sentence, clause, phrase, or word of this ordinance is declared or adjudged to be invalid
12 or unconstitutional, such declaration or adjudication shall not affect the remaining
13 portions of the ordinance which shall remain in full force and effect as if the portion so
14 declared or adjudged invalid or unconstitutional was not originally a part of the
15 ordinance.
16 Section 7. Repeater. All ordinances and resolutions, including but not limied
17 to Little Rock, Ark., Ordinance No. 18,798 (December 17, 2002) ( "the 2003 Budget
18 Ordinance "), are hereby repealed to the extent of such inconsistency.
19 ADOPTED: December 16, 2003
20 ATTEST: APPROVED:
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23 Na (cy Wood, City Clerk
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25�t.
26 Thomas M. Carpenter, City ttorney
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Resolvt;on [PAGE 3 OF 31
Project Complettor Progress Committee
Jim Dailey, Mayor