6940RESOLUTION NO. 6,940
M M ® M
A RESOLUTION EXPRESSING THE CITY BOARD OF DIRECTORS'
INTENT TO APPROPRIATE UP TO $80,000 OF THE LITTLE
ROCK RESIDENTIAL HOUSING BOARD TURNBACK MONIES FOR
THE PREPARATION OF THE SITE LOCATION DETERMINATION,
PRELIMINARY DESIGN, FINANCIAL FEASIBILITY AND FUNDING
MECHANISM FOR THE CONSTRUCTION OF A SPORTS AND ENTER -
TAIN14ENT FACILITY.
WHEREAS, Central Arkansas has a need for the construction of
a sports and entertainment facility; and
WHEREAS, the construction of such facility and its operation
would create many new jobs and tax revenues in this community;
and
WHEREAS, construction of such a facility would enhance the
quality of life for all those in Central Arkansas.
BE IT HEREBY RESOLVED as follows:
1. The Little Rock City Board of Directors does hereby
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express its intent to appropriate up to $80,000 of the Little
Pock Residential Housing Board turnback monies for the preparation
of the site location determination, preliminary design, financial
feasibility and funding mechanism for the construction of a
sports and entertainment facility.
2. Webb Hubbell, as the Board's representative, is hereby
authorized to meet with the following group of Arkansas businesses
and prepare a budget to be submitted to the City Board for the
site location for such a facility, prepare preliminary designs
for such a facility and the financial feasibility and funding
mechanism for the construction of said facility, for approval and
appropriation of funds by the City of Little Rock.
ARCHITECTS
Blass, Chilcote, Carter, Lanford & Wilcox
Wittenberg, Delony & Davidson
Cromwell, Truemper, Levy, Parker & Woodsmall, Inc.
CONTRACTOR
Pickens -Bond Construction Company
ATTORNEYS
Friday, Eldredge & Clark
Wright, Lindsey & Jennings
Rose Law Firm
ACCOUNTANTS
Peat, Marwick, Mitchell & Company
Page 2
FINANCIAL ADVISORS
T. J. Raney & Sons
Stephens, Inc.
292
3. Webb Hubbell is also authorized to consult with both
the staff of the City of Little Pock and to bring into the project
such other individuals who can assist within the confines of the
budget in preparing the site location determination, preliminary
design and financial feasibility and funding mechanism for the
construction of said facility.
Dated this 23rd day of February, 1983.
ATTEST:
�QpZ,Q� ( APPROVED:
V Jane Czech, City Clerk J. W. Benafield, Mayor