18468• 9
1 ORDINANCE 18, 468
2 AN ORDINANCE TO APPROPRIATE $90,000 FOR THE LOCAL
3 INITTATrvES SUPPORT CORPORATION (LISC) TO PROVIDE
4 LOW TO MODERATE HOUSING ASSISTANCE; TO DECLARE IT
5 IMPRACTICAL AND UNFEASIBLE TO ENGAGE IN A
6 COMPETITIVE SELECTION PROCESS; TO DECLARE AN
7 EMERGENCY; AND FOR OTHER PURPOSES.
8 WHEREAS, the Board of Directors has decided to participate in programs that
9 provide housing assistance to low to moderate income person, but are limited in what can be
10 done because of restrictions contained in the Arkansas Constitution, and
11 WHEREAS, such participation fulfills a public purpose since the maintenance and
12 increase of housing stock improves the real estate and personal property tax roles, makes a
13 neighborhood a more desirable place to live and, in the process, helps to alleviate urban
14 blight and decrease crime, and overall helps to promote social and economic development
15 within the City, and
16 WHEREAS, the Local Initiative Support Corporation ( "LISC ") is a national
17 organization that has maintained and operated a local office in Little Rock for a number of
18 years, helps to channel money to Community Development Corporations ( "CDC "), and
19 obtains substantial grants from such local corporations as the Levi Strauss Foundation,
20 Pulaski Bank, Stephens, Inc., the Bank of America, Citizen's First Bank, Eagle Bank and
21 Trust Company, Entergy Corporation, Metropolitan National Bank, One National Bank,
22 Pinnacle Bank, and Regions Bank, and
23 WHEREAS, by entering into an agreement with the LISC, the City is able to
24 enhance its ability to promote low to moderate income housing assistance since it can obtain
25 the benefit of the grant funds outlined above, a benefit available only to the Little Rock
26 LISC, and thus constitutes a situation which makes it impractical and unfeasible to bid, and
27 WHEREAS, as a part of the 2001 budget process, the City budgeted ninety thousand
28 dollars ($90,000) to cooperate with the LISC in these endeavors,
29 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
30 OF THE CITY OF LITTLE ROCS, ARKANSAS:
31 Section 1. The City Manager is authorized to enter in to an agreement with the
32 Local Initiatives Support Corporation, a New York not-for-profit corporation, in a form
33 acceptable to the City Attorney, to provide low to moderate income housing assistance to
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1 Little Rock citizens, to use the donated monies that LISC receives from various local
2 corporations, and to receive an amount not in excess of ninety thousand dollars ($90,000)
3 from the City for these services.
4 Section 2. Because the LISC, which provides major assistance to various CDCs
5 located within the City, receives substantial donations from local businesses that can be
6 matched with the City's money to enhance this housing program, the Board finds that it is
7 impractical and unfeasible to submit these services to competitive bidding and, therefore,
8 waives this requirement
9 Section 3. Severabrlity. In the event any section, paragraph, item, sentence, clause,
10 phrase, or word of this ordinance is declared or adjudged to be invalid or unconstitutional,
11 such declaration or adjudication shall not affect the remaining portions or the ordinance
12 which shall remain in full force an effect as if the portion so declared or adjudged invalid or
13 unconstitutional was not originally part of the ordinance.
14 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
15 inconsistent with the provisions of this ordinance are hereby repealed to the extent of such
16 inconsistency.
17 Section 5. Emergency. The ability to continue to provide meaninDid housing assistance to
18 low to moderate income families is essential to preserve the public health, safety and were, particularly
19 since such assistance promotes neighborhood development, increases property tax collections far the City,
20 decreases crime, and enhances serial and economic development within the community,- therefore, this
21 ordinance needs to become immediately effective in order to assum them is no gap or delay in the ability
22 of the Little Rock LISC, or the City, to provide these services; and emergency is, therefore, declared to
23 exist and this ordinance shall be in full force and effect from and after the date of its passage.
24
25 PASSED: April 17, 2001
26
27 ATTEST: APPROVED:
28 �
29
30 Nan4 Woo , City Clerk Jim Uiley, Mayor
31
32 APP VED AS TO LEGAL FORM:
33--
34 Thomas M. Carpentt, CE Attorney