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RESOLUTION NO. 7,050
A Resolution Authorizing The Little Rock
Municipal Water Works To Establish A
Reserve Fund For Additional Water SUpply
Resources Pursuant To Act, 542, Ark. Acts
of 1983.
WHEREAS, the Board of Commissioners of the Little Rock Municipal
Water Works ("Water Works ") is responsible for management of a public
water supply system serving the City of Little Rock and surrounding
areas; and
WHEREAS, the Water Works has determined that there will be a need
for an additional water supply source after the year 2000 and has com-
menced preliminary planning therefor; and
WHEREAS, the acquisition or utilization of any water supply source
will require substantial expenditures of funds; and
WHEREAS, Act 542 of the Acts of Arkansas of 1983 authorizes the
Water Works to establish a reserve for such expenditures.
Now, therefore:
Be It Resolved By The Board Of Directors Of The City Of Little Rock,
Arkansas:
Section 1. The Little Rock Municipal Water Works is hereby authorized
to execute a Reserve Fund Trust Agreement for the purpose of establishing
a reserve to facilitate the acquisition, ownership, construction, reconstruc-
tion. remodeling, eauippina, extending or providing for the following improve-
ments; namely, additional water supply resources including impoundments, intake
works, treatment facilities, pumping facilities, transmission lines and other
appurtenances for storage, treatment or delivery of water and the payment for
water rights or the water supply portion of impoundments existing now or at
any time during the term of this Trust Agreement which are not owned by the
Water Works.
Adopted: September 6, 1983
Attest: Approved:
City CTefk Jane Czech Mayor J. W. Benafie d