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214
RESOLUTION NO. 8,317
A RESOLUTION EXPRESSING THE INTENT OF THE
BOARD OF DIRECTORS TO EXPEND USE TAX MONIES
REMITTED TO THE CITY OF LITTLE ROCK.
WHEREAS, the City of Little Rock anticipates up to two
million dollars in use tax refunds as a result of the decision of
the Arkansas Supreme Court rendered in the case of City of
Jacksonville, et al. vs. Donald Venhaus, et al.; and
WHEREAS, it is anticipated that these funds will be
returned to the City during calendar year 1990; and
WHEREAS, the Board of Directors wishes to express its
intent to commit these monies for needed public improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTOR OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: It is the intent of the Board of Directors to
expend use tax monies pursuant to the above referenced litigation
in the following categories and amounts:
Radio Communication Network $1,500,000
Third Street Bridge Design
and temporary repairs 115,000
Demolition /Acquisition 385,000
$2,000,000
SECTION 2: In the event that the City receives less than
the anticipated $2 million use tax refund, the above such monies
as are received shall be distributed proportionately as referenced
above.
ADOPTED: June 5, 1990
ATTEST:
C Y LERK ANE CZECH
APPROVE ORM:
MARK STODOLA, CITY ATTORNEY
APPRO D:
VICE MAYOR SHARON PRIEST
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