7486=g MM mm 0
RESOLUTION NO. 7,486
A RESOLUTION APPROVING FOR THE PURPOSE OF THE TAX EQUITY
AND FISCAL RESPONSIBILITY ACT OF 1982 THE ISSUANCE BY THE
CITY OF LITTLE ROCK, ARKANSAS OF $7,000,000 PRINCIPAL
AMOUNT OF ITS MUNICIPAL AIRPORT REVENUE IMPROVEMENT BONDS,
SERIES 1985
M M
WHEREAS, the City of Little Rock, Arkansas (the "City ") has
adopted an ordinance authorizing the sale and issuance of
$7,000,000 principal amount of the City's Municipal Airport
Revenue Improvement Bonds, Series 1985 (the "Bonds "), for the
purpose of providing funds for a portion of the cost of
acquiring, constructing, and equipping improvements to the
Little Rock Regional Airport, located at One Airport Drive, in
the City of Little Rock, Arkansas; and
WHEREAS, a public hearing has been held before the City on
this date regarding the issuance of the Bonds following
publication of notice of the public hearing in the Arkansas
Gazette on September 30, October 4, and October 8, 1985; and
WHEREAS, pursuant to the provisions of the Tax Equity and
Fiscal Responsibility Act of 1982, it is necessary that the
issuance of the Bonds be approved by the City for federal income
taxation purposes; and
WHEREAS, the City has determined that the public purposes
for which the Bonds are to be issued serve a proper need;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
1. That the issuance by the City of $7,000,000 principal
amount of its Municipal Airport Revenue Improvement Bonds,
Series 1985, be and the same is hereby approved within the
meaning of Section 103(k) of the Internal Revenue Code of 1954,
as amended.
2. That this Resolution shall be in effect from and after
its passage and approval.
ADOPTED: October 15, 1985.
ATTEST:
VCity Creak Jane Czech
[S E A L]
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APPROVED:
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Mayor Thomas A. Prince
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