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RESOLUTION NO. 7,112
RESOLUTION APPROVING THE ISSUANCE BY
METROCENTRE IMPROVEMENT DISTRICT NO. 1 OF
THE CITY OF LITTLE ROCK, ARKANSAS, OF ITS
$1,1851000 REVENUE BONDS (SEVENTH AND
SPRING STREETS PARTNERSHIP PROJECT). SERIES
1983A
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
$1,185,000 Revenue Bonds (Seventh and Spring Streets
Partnership Project) Series 1983A (the "Bonds ") , following a
public hearing on the question of the issuance of the Bonds
held on November 23, 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 $1,185000
Revenue Bonds (Seventh and Spring Streets Partnership Project)
Series 1983A be and the same is hereby approved.
2. That this Resolution is adopted solely for the purpose of
complying with the provisions of the Tax Equity and Fiscal
Responsibility Act of 1983, and by the adoption of this
Resolution the City of Little Rock, Arkansas has not assumed
any direct or indirect financial responsibility for the payment
of the Bonds.
3. That this Resolution shall be in effect from and after its
passage and approval.
ADOPTED: December 61 1983.
APPROVED:
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J. _ W. Benafield, M4 6r
r
ATTEST:
J e Czech, C ty Clerk
(SEAL)
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