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116600 0 1 RESOLUTION 11,660 2 3 A RESOLUTION PROVIDING FOR THE USE OF 1998 4 INFRASTRUCTURE BOND CONTINGENCY FUNDS TO 5 IMPROVE COLLINS STREET BETWEEN 3RD STREET AND 6 CLINTON AVENUE; AND FOR OTHER PURPOSES. 7 8 WHEREAS, completion of the Presidential Library Park and Heifer International 9 Headquarters are expected to dramatically increase vehicular traffic in and around the 10 area of 3rd Street and Clinton Avenue, and 11 WHEREAS, Collins Street is the primary north -south connection between 12 Clinton Avenue and 3,d Street east of Interstate 30, and 13 WHEREAS, Collins Street is in need of improvement and funds for the work are 14 available in bond contingency funds; 15 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS 16 OF THE CITY OF LITTLE ROCK, ARKANSAS: 17 Section 1. Use of $225,000 of Bond Infrastructure Reserve funds from Fund 18 304 (Account 304 - 220 -A122) for the purpose of improving Collins Street is approved. 19 Section 2. The Public Works Director is authorized to prepare contract 20 documents and seek quotations for the work. Work will not commence until the Board 21 of Directors has authorized contracting with the lowest responsible bidder. 22 23 ADOPTED: January 20, 2004 24 H 25 H 26 H [PAGE 1 OF 21 0 1 ATTEST: 2 4 Nancy Wood, City Clerk 5 6 APPROVED AS TO LEGAL FORM: 7 �c 8 vG A, - A,t • — 9 Thomas M. Carpenter, City Attorney 10 // 11 // 12 // 13 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 0 APPROVED: t Ji ailey, Mayor [PAGE 2 OF 21