6973� w w ■w w w�_ � � � w �
RESOLUTION NO. 6,973
A RESOLUTION DIRECTING THE CITY
MANAGER TO DEPOSIT MONIES FOR THE
REMOVAL OF OFF- PREMISE SIGNS.
w w = w
345
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
OF LITTLE ROCK, ARKANSAS:
Section 1. The City Manager is hereby directed to
deposit all funds hereafter collected as a result of the sign
permitting process into a special reserve account. Said funds
are to be used for the purpose of paying just compensation for
the removal of designated off - premise signs. Interest earnings
will be credited to the reserve account annually at the average
rate earned on City investments.
Section 2. As funds accrue in the account, the City
Manager is further directed to report to the Board of Directors
on the amount accrued and to provide recommendations on which
signs are most inimical to the public welfare.
Section 3. The City Manager is further directed to
accept contributions, donations, bequests, devises and other
monies offered by citizens interested in the expeditious
removal of designated off - premise signs and to deposit these
sums in the same reserve account.
Section 4. This Resolution shall be in full force
and effect from and after its adoption.
ADOPTED: April 5, 1983
ATTEST:_ APPROVED: ,
Ci C1erk.Ja Czech ayor J. W. Be afield