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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)