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16675I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 AINANCE NO. 16,675 • AN ORDINANCE TO AMEND LITTLE ROCK, ARKANSAS 301 ORDINANCE NO. 16,561 (DECEMBER 21, 1993), THE 1994 BUDGET ORDINANCE, AND TO PROVIDE FUNDS FROM THE ONE -HALF CENT SALES TAX REVENUES TO FUND CAPITAL AVENUE ENHANCEMENT RECOMMENDATIONS; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS, on December 14, 1993, voters of the City of Little Rock approved a one -half cent local sales tax effective February 1, 1994, to fund various new service initiatives designed to address many needs of the community; and WHEREAS, the Board of Directors established a number of task forces that included Board Members, citizens and staff to evaluate the best methods to implement the initiatives contemplated in the development of the sales tax proposal, and these task forces have delivered their recommendations to the Board and requested funding; and WHEREAS, the service initiatives to be funded by the sales tax address critical needs of the community. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The sum of $100,000 is hereby appropriated from the proceeds of the one -half cent sales tax adopted in December, 1993, and transferred from the General Fund to the Special Projects Fund and designated for the following need: $100,000 for legal, engineering and appraisal services related to the improvement of Capitol Avenue. SECTION 2. DECLARING AN EMERGENCY: It is hereby found and determined that there is an immediate and urgent need to provide the additional services funded by the one -half cent local sales tax approved by the voters of the City of Little Rock, and that these additional services are essential for the protection of the public safety and welfare; an emergency is therefore declared to exist and this Ordinance shall be in full force and effect from and after the date of its adoption. D )� 73 1 PASSED: June 1, 1994 2 302 3 ATTEST: APPROVED: 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 APPROVED AS TO FORM: W,.1F v 0 / Win, . Tr . l