7111M
RESOLUTION NO. 7,111
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A RESOLUTION APPROVING THE ISSUANCE BY METROCENTRE
IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF LITTLE ROCK,
ARKANSAS, OF ITS $2,800,000 REVENUE BONDS (CENTRAL SUPPLY
BUILDING PROJECT) SERIES 1983
WHEREAS, the Board of Commissioners of Metrocentre
Improvement District No. 1 of the City of Little Rock, Arkansas
(the "District ") has approved the issuance of the District's
$2,800,000 Revenue Bonds (Central Supply Building Project),
Series 1983 (the "Bonds "), following a public hearing on the
question of the issuance of the Bonds held on November 1, 1983;
and
WHEREAS, pursuant to the provisions of the Tax Equity and
Fiscal Responsibility Act of 1983 it is necessary for federal
income taxation purposes that the issuance of the Bonds be
approved by the Board of Directors of the City of Little Rock,
Arkansas; and
WHEREAS, the Board of Directors of the City of Little Rock,
Arkansas, 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 District of its $2,800,000
Revenue Bonds (Central Supply Building Project), Series 1983, be
and the same is hereby approved.
2. That this Resolution is adopted
of complying with the provisions of the
Responsibility Act of 1983, and by
Resolution the City of Little Rock has not
indirect financial responsibility for the
solely for the purposes
Tax Equity and Fiscal
the adoption of this
assumed any direct or
payment of the Bonds.
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3. That this Resolution shall be in effect from and after
its passage and approval.
Adopted: December 6, 1983•
APPROVED:
J. W. Benafiel , May r
ATTEST: &A-/L/
—
Jane zech, Ci lerk
(SEAL)