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ORDINANCE NO. 16,833 • 21
AN ORDINANCE APPROPRIATING $585,000 FROM THE CITY'S
EXCESS INTEREST EARNING ACCOUNT OF THE 1988 CAPITAL
IMPROVEMENT BOND FUND TO PROVIDE ADDITIONAL FUNDING
FOR THE NEIGHBORHOOD STREETS PROJECT.
WHEREAS, Little Rock, Arkansas Ordinance 15,473 appropriated $19,675,000
for the purpose of constructing, repairing and widening streets in the City; and
WHEREAS, previous Board actions have appropriated over $6,400,000 to provide
funding for neighborhood streets projects; and
WHEREAS, additional funding is required to complete the planned projects; and
WHEREAS, Resolution No. 9,237 (September 6, 1994) expressed the Board of
Director's intent to provide additional funding to complete these projects and excess
interest earnings are now available.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
i
SECTION 1. There is hereby appropriated the sum of $585,000 from the City's
excess interest earnings account of the 1988 Capital Improvement Bond Fund to
Account No. 301 - 220 -0061 for additional construction costs for the neighborhood streets
projects.
PASSED: January 3, 1995
ATTEST:
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APPROVED AS TO FORM:
THOMAS M. CARPENTERU
CITY ATTORNEY
APPROVED: