16653• ORDINANCE NO. 16,653 248
AN ORDINANCE APPROVING THE FINAL
REPORT OF THE COMMISSIONERS OF
PLEASANT RIDGE STREET, WATER,
DRAINAGE AND SEWER IMPROVEMENT
DISTRICT NO. 636 OF LITTLE ROCK,
ARKANSAS; DISCHARGING THE
COMMISSIONERS AND THE TRUSTEE; AND
FOR OTHER PURPOSES.
WHEREAS, Pleasant Ridge Street, Water, Drainage and Sewer
Improvement District No. 636 of Little Rock, Arkansas, was
formed as a municipal improvement district by Little Rock, Ark.,
Ordinance 14,354 (December 7, 1982), pursuant to which
commissioners were appointed and bonds were issued dated as of
September 1, 1983, in the original face amount of $880,000 to
pay for improvements within the district; and
WHEREAS, the original bonds were refunded as of April 1,
1987, in the amount of $685,000; and
WHEREAS, all of the improvements for which the district was
formed have been effected and accepted by the City of Little
Rock and its water utilities for maintenance; and
WHEREAS, the refunding bonds have been paid in full and
retired and no further assessments will be required, and Twin
City Bank, the refunding issue bond trustee, has distributed all
of the funds received by it in that capacity in accordance with
the pledge and mortgage and Arkansas law; and
WHEREAS, the statutory report of the commissioners for 1993
and their final report were filed with the City Clerk on January
18, 1994, which is more than thirty days prior hereto, during
which period no objections have been raised thereto.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The 1993 and final report filed with the City
Clerk on January 18, 1994, by the commissioners and the trustee
is hereby accepted and approved.
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SECTION Z. Pleasant Ridge Street, Water, Drainage and Sewer
Improvement District No. 636 of Little Rock, Arkansas, is hereby
dissolved, effective immediately.
SECTION 3. The current commissioners (Louis E. Schickel,
Dr. Gerald Johnson and Dr. Hartford Hamilton), all previous
commissioners and Twin City Bank, the trustee, are hereby
discharged for any further responsibility therefor.
SECTION 4. This ordinance shall be in full force and effect
from and after its passage.
PASSED: May 3, 1994
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