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1 RESOLUTION NO. 11,650
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3 A RESOLUTION TO ESTABLISH THE PROJECTS FOR WHICH LIMITED
4 TAX GENERAL OBLIGATION CAPITAL IMPROVEMENT BOND
5 PROCEEDS WILL BE EXPENDED; AND FOR OTHER PURPOSES.
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7 WHEREAS, at the special election held November 4, 2003, the citizens of Little
8 Rock approved the issuance of limited tax general obligation capital improvement
9 bonds for various purposes, and
10 WHEREAS, pursuant to Little Rock, Ark., Ordinance No. (December
11 16, 2004) (the 'Bond Ordinance'), the Board of Directors authorized the issuance of
12 seventy million six hundred and thirty-five thousand dollars ($70,365,000) of such
13 bonds, and
14 WHEREAS, prior to the election the City listed the projects that it intended to
15 fund with the proceeds of such bonds, and
16 WHEREAS, the listed projects are within the purposes of the ballot questions
17 that were approved by the voters, and
18 WHEREAS, this resolution is intended to provide the legislative mandate to
19 limit the use of the bond proceeds available for projects to the listed projects and is to be
20 followed absent some extraordinary circumstance such as the availability of money
21 from grants, foundations or similar sources which permits the extension of a listed
22 project, or the entire funding of such a project, in which case the Board shall amend this
23 resolution and identify other similar projects to be funded with the bond proceeds
24 unless such proceeds are used to retire bonds,
25 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
26 THE CITY OF LITTLE ROCK, ARKANSAS,
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Resolution
To Direct use of Limited Obligation Capital Improvement Bond Proceeds
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1 Section 1. The bond proceeds for the ballot question on Fire Department
2 Improvements shall be spent on the following projects:
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(a)
Phase II improvements to the Fire Training Academy;
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(b)
Renovations to existing fire stations within the City;
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(c)
The purchase of emergency generators for fire stations within the
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City.
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Section 2.
The bond proceeds for the ballot question on Police Department
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Improvements shall
be spent on the following projects:
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(a)
The purchase of emergency generators for police facilities within
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the City;
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(b)
The costs of locating and constructing a police service center in
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downtown Little Rock;
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(c)
The purchase of crime detection equipment.
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Section 3.
The bond proceeds for the ballot question on Police, Fire and
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Emergency Communications
Improvements shall be spent on the following projects:
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(a)
Improvements to the police and fire radio systems;
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(b)
Improvements to the City's early warning system;
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(c)
The creation of a 3 -1 -1 general information telephone system.
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Section 4.
The bond proceeds for the ballot question on Street Improvements
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shall be spent on the following projects:
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A. Street
Improvements
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(a)
The improvement of 111h Street from the railroad to Johnson Street;
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(b)
The improvement of 27th Street from Abigail Street to Jefferson
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Street;
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(c)
The improvement of 291h Street from Fulton Street to Izard Street;
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(d)
The improvement of 301h Street from Washington Street to Jefferson
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Street;
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Resolution
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(e) The improvement of Allis Street from Asher Avenue to 271h Street;
(f) The improvement of Caylor Lane from Eva Lane to Chicot Road;
(g) The improvement of Delray Drive from Watt Street west to the end;
(h) The improvement of Jerry Drive from Cantrell Road to Jerome
Drive;
(i) The improvement of Maple Street from 81h Street to 131h Street;
0) The improvement of streets for Economic Development;
(k) The improvement of Taylor Loop Road from Cantrell Road to
Hinson Road;
(1) The improvement of Winterwood Drive from Wilderness Road to
Stardust Trail;
(m) The improvement of 21st Street from Chester Street to Dr. Martin
Luther King, Jr. Drive;
(n) The improvement of 28th Street from Commerce Street to
Cumberland Street;
(o) The improvement of 29th Street from Gilman Street to Tatum
Street;
(p) The improvement of 40th Street from Katherine Street to Potter
Street;
(q) The improvement of Bowers Drive from 36th Street to 38th Street;
(r) The improvement of Cobb Street and Boyd Street — Phase II;
(s) The improvement of Harrison Street from Lee Avenue to Markham
Street;
(t) The improvement of Kavanaugh Blvd. From University Avenue to
McKinley Street;
(u) The improvement of "M" Street from Georgia Street to Florida
Street,
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(v)
The improvement of Sam Peck Road from Cantrell Road, south 500
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feet;
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(w)
The improvement of Tatum Street from 36th Street to 37th Street
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and 37th Street from Tatum Street to Boyd Street;
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(x)
The improvement of Tyler Street from "H" Street to Woodlawn
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Drive.
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(y)
The improvement of Ludwig Street from 42nd Street to Asher
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Avenue.
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B. Intersection Improvements
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(a)
The improvement of the intersection of Bowman Road and Chenal
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Parkway;
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(b)
The improvement of the intersection of Markham Street and Chenal
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Parkway;
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(c)
The improvement of the intersection of Chenal Parkway and
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Autumn Road;
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(d)
The improvement of the intersection of Markham Street and
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Rodney Parham Road
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C. Traffic Signalization Improvements
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(a)
The improvement of traffic signalization at Kanis Road and
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Aldersgate Road;
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(b)
The improvement of traffic signalization at 12th Street and West
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Park Drive;
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(c)
The improvement of traffic signalization at Asher Avenue and
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Woodrow Street;
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(d)
The improvement of traffic signalization at Baseline Road and
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Stanton Road;
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(e)
The improvement of traffic signalization at Col. Glenn Road and I-
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430 Ramps;
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(f)
The improvement of traffic signalization at Markham Street and
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Hughes Street;
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(g)
The improvement of traffic signalization at Mississippi Street and
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Leawood Blvd.;
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(h)
The improvement of traffic signalization at Shackleford Road and I-
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430 Northbound Offramp;
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( i)
The improvement of traffic signalization at Timberland Drive /Tall
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Timber Blvd. at Stagecoach Road;
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(j)
The improvement of traffic signalization at Woodrow Street and I-
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630 Eastbound Ramp;
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(k)
The improvement of traffic signalization at 12th Street and Hughes
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Street;
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(1)
The improvement of traffic signalization at 65th Street and I -30
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Southbound /Northbound Ramps;
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(m)
The improvement of traffic signalization at Barrow Road and I -630
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Eastbound Onramp;
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(n)
The improvement of traffic signalization at Cedar Hill Road and
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Rebsamen Park Road;
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(o)
The improvement of traffic signalization at Col. Glenn Road and
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Shackleford Road;
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(p)
The improvement of traffic signalization at Mississippi Street and
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"H" Street;
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(q)
The improvement of traffic signalization at Otter Creek Parkway at
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Stagecoach Road;
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( r)
The improvement of traffic signalization at Shackleford Road and I-
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430 Northbound Onramp;
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(s)
The improvement of traffic signalization at Western Hills Avenue
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at Col. Glenn Road.
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D. Street
Resurfacing projects to occur in each ward of the City.
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Section 5.
The bond proceeds for the ballot question on Drainage
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Improvements shall
be spent on the following projects:
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(a)
The improvement of drainage at Auxor Lane /Coffer Lane;
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(b)
The improvement of drainage on Gardner Road;
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(c)
The improvement of drainage on Pamela Drive;
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(d)
The improvement of drainage on Stonewall Road from Spruce
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Street to Country Club Blvd.;
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(e)
The improvement of drainage on Warren Road and Yorkwood
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Drive Culverts;
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(f)
The improvement of drainage on Eagle Drive, Preston Drive and
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Duval Circle;
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(g)
The improvement of drainage on Mellwood Drive;
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(h)
The improvement of drainage on Reck Road Culvert;
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(i)
The improvement of Swaggerty Branch Drainage from Roosevelt
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Road to Wright Avenue
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Section 6.
The bond proceeds for the ballot question for Park and Recreational
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Improvements shall
be spent on the following projects:
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(a)
Parks Capital Upgrades;
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(b)
The improvement of Parks and Soccer Fields;
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(c)
The expansion of War Memorial Fitness Center;
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(d)
Zoo Capital Upgrades;
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(e)
Zoo Lion House Conversion;
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1 (f) Southwest Community Center Expansion;
2 (g) Trail Development;
3 (h) Dunbar Community Center Expansion;
4 (i) Zoo Entry Plaza Phase I
5 Section 7.
6 Pedestrian Safety
7 (a)
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12 (f)
13 (g)
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15 Section 8.
The bond proceeds for the ballot question on School Area
mprovement shall be spent on the following projects:
The improvement of pedestrian safety at Bale Elementary;
The improvement of pedestrian safety at Fair Park Elementary;
The improvement of pedestrian safety at Franklin Elementary;
The improvement of pedestrian safety at Mabelvale Middle;
The improvement of pedestrian safety at Baseline Elementary;
The improvement of pedestrian safety at Forest Park Elementary;
The improvement of pedestrian safety at Mabelvale Elementary;
The improvement of pedestrian safety at Stephens Elementary.
The bond proceeds for the ballot question on Animal Services
16 Facility Improvements shall be spent on projects to be developed based on input from
17 the Animal Services Advisory Board and other interested citizens and parties, provided
18 that, in general, these improvements will include a facility to allow the holding of
19 animals for a longer time to minimize euthanasia rates; to provide space necessary for
20 educational programs to support the objective of increased adoption rates; and, other
21 improvements such as increased space for isolation areas to allow for disease screening,
22 better separation of dogs and cats, and to meet requirements for special need animals.
23 Section 9. The bond proceeds for the ballot question on Robinson and
24 Statehouse Convention Centers Improvements shall be spent on the following projects:
25 (a) Robinson Center improvements including the reconstruction,
26 renovation, or remodeling of entertainment and meeting facilities;
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(b) Statehouse Convention Center facility improvements including the
reconstruction, renovation, or remodeling of entertainment and
meeting facilities.
Section 10. It is the intent of the Board of Directors that the use of the bond
proceeds for the projects listed above is to occur absent some extraordinary
circumstance such as the availability of money from grants, foundations or similar
sources which permits the extension of a listed project, or the entire funding of such a
project, in which case the Board shall amend this resolution and identify other similar
projects to be funded with the bond proceeds unless such proceeds are otherwise used
to retire outstanding bonds. This resolution is not a contract with the bondholders and
may be amended from time to time by the Board without the consent of the
bondholders. This resolution limits the use of bond proceeds available for projects and
does not in any manner place any limitation on the use of bond proceeds to pay
expenses of issuing and insuring the bonds and to fund capitalized interest as
authorized by the Bond Ordinance.
16 Section 11. Severability. In the event any title, section, paragraph, item,
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sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid
or unconstitutional, such declaration or adjudication shall not affect the remaining
portions of the resolution which shall remain in full force and effect as if the portion so
declared or adjudged invalid or unconstitutional was not originally a part of the
resolution.
Section 12. Repealer. All ordinances and resolutions, including but not limited
to Little Rock, Ark., Ordinance No. 18,798 (December 17, 2002) ( "the 2003 Budget
Ordinance "), are hereby repealed to the extent of such inconsistency; provided,
however, that this resolution shall not in any manner repeal or modify any provisions
of the Bond Ordinance.
ADOPTED: December 16, 2003
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Resolution
To Direct use of Limited Obligation Capitol Improvement Bond proceeds
1 ATTEST:
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4 Nanc Woo A, City Clerk
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6 APPROVED AS TO LEGAL FORM:
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9 Thomas M. Carpenter, City Yttomey
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[PAGE 9 OF 9]
Resolution
To Direct use of Limited Obligation Capital Improvement Bond Proceeds
APPROVED:
�y
Dailey, Mayor