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6981M M M M M 355 RESOLUTION NO. 6,981 A RESOLUTION APPROVING THE ISSUANCE OF REVENUE BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $2,600,000 BY METROCENTRE IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF LITTLE ROCK, ARKANSAS TO FINANCE THE ACQUISITION OF PERSONAL PROPERTY IN, AND THE RENOVATION, EQUIPMENT AND IMPROVEMENT OF THE HOLIDAY INN LOCATED AT 617 SOUTH BROADWAY, LITTLE ROCK, ARKANSAS WHEREAS, the Board of Directors of the City of Little Rock, Arkansas has considered the question of approving the issuance of revenue bonds in the principal amount of not to exceed $2,600,000 (the "Bonds ") by Metrocentre Improvement District No. 1 of the City of Little Rock, Arkansas (the "District ") to finance the acquisition of personal property in, renovation, equipment and improvement by Crestwood Company, an Arkansas general partnership (the "Partnership ") of the Holiday Inn located at 617 South Broadway, Little Rock, Arkansas (the "Project "); NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: That the Board of Directors hereby approves the issuance of the Bonds by the District to finance the Project for the Partnership. PASSED AND APPROVED this 19th day of April, 1983. APPROVED: ATTEST: a4locll By t/ Mayor J. Onatield City Cre—nft Jane Czech (SEAL)