18941ORDINANCE NO. 18,941
AN ORDINANCE CALLING A SPECIAL ELECTION IN THE
CITY OF LITTLE ROCK, ARKANSAS, FOR THE PURPOSE
OF SUBMITTING TO THE ELECTORS OF THE CITY THE
QUESTIONS OF ISSUING BONDS FOR VARIOUS CAPITAL
IMPROVEMENTS; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
WHEREAS, the Board of Directors of the City of Little
Rock, Arkansas (the "City ") has determined the need to issue bonds
in the aggregate principal amount of not to exceed $75,185,000 for
various capital improvements as hereinafter specifically described
in Section 2 ( "the "Bonds "); and
WHEREAS, the issuance of the Bonds for each separate
purpose is subject to the approval of the electors of the City; and
WHEREAS, the Board of Directors has determined that in
order to retire the Bonds it will be necessary to levy an ad
valorem tax on taxable property within the City at the rate of 3.3
mills on the dollar of the assessed value of the property; and
WHEREAS, the new tax will replace the ad valorem tax
levied by the City at the rate of 3.3 mills and pledged to the
City's Limited Tax General Obligation Refunding Bonds, Series 2001,
which bonds will be fully redeemed on April 1, 2004;
NOW, THEREFORE, BE IT ORDAINED by the Board of Directors
of the City of Little Rock, Arkansas:
Section 1. A special election shall be held on November
4, 2003. There shall be submitted to the electors of the City at
the special election the questions of issuing the Bonds for each of
the purposes in the respective principal amounts hereinafter
specified in Section 2. The principal amounts include all or a
portion of the costs of the capital improvements, expenses of
authorizing and issuing the Bonds and capitalized interest. The
rate of the tax to retire the Bonds shall be stated on the ballot.
Section 2. The ballot shall be in substantially the
following form:
0
FORM OF BALLOT
0
For Special Election in
THE CITY OF LITTLE ROCK, ARKANSAS
NOVEMBER 4, 2003
The bonds that are approved will be combined into a single issue
of bonds (the "Bonds "), which may be issued at one time or in
series from time to time. In order to retire the Bonds there will
be levied a continuing annual ad valorem tax on taxable property
located within the City of Little Rock at the rate of 3.3 mills on
the dollar of the assessed value of the property.
OUESTION ONE: FIRE DEPARTMENT IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $12,135,000 to finance Fire Department Improvements.
FOR the issuance of Fire Department Improvement
Bonds
AGAINST the issuance of Fire Department Improvement
Bonds
01
0
The Fire Department Improvements include the construction,
reconstruction, acquisition, renovation, remodeling, or relocation
of, or improvements to, new or current fire department facilities
and apparatus, including particularly, without limitation, the
second phase of the fire training academy; and any necessary land
acquisition and street, parking and drainage improvements therefor.
E
0
0
OUESTION TWO: POLICE DEPARTMENT IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $985,000 to finance Police Department Improvements.
FOR the issuance of Police Department Improvement
Bonds
AGAINST the issuance of Police Department Improvement
Bonds
FM
ON
The Police Department Improvements include the construction,
reconstruction, acquisition, renovation, remodeling or relocation
of, or improvements to, new or current police department facilities
and apparatus, including particularly, without limitation, a new
downtown police service center, crime detection equipment and any
necessary land acquisition and street, parking and drainage
improvements therefor.
OUESTION THREE: POLICE, FIRE AND EMERGENCY COMMUNICATION
IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $11,865,000 to finance Police, Fire and Emergency
Communication Improvements.
FOR the issuance of Police,
Communication Improvement Bonds
AGAINST the issuance of Police,
Communication Improvement Bonds
Fire and Emergency
Fire and Emergency
X
FM-
The Police, Fire and Emergency Communication Improvements include
the reconstruction, acquisition, renovation, remodeling or
relocation of, or improvements to, new. or current police, fire and
emergency radio system facilities and apparatus and early warning
system facilities and apparatus; facilities and apparatus for a 3-
1-1 general information telephone system; and any necessary land
acquisition and street, parking and drainage improvements therefor.
OUESTION FOUR: STREET IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $27,000,000 to finance Street Improvements.
FOR the issuance of Street Improvement Bonds
AGAINST the issuance of Street Improvement Bonds
FM-
IN
The Street Improvements include the construction, reconstruction or
acquisition of, or improvements to, new or current streets, bridges
and viaducts, and any necessary intersection improvements, traffic
signalizations, speed calming measures, lighting, equipment, land
and easement acquisition and drainage improvements therefor.
OUESTION FIVE: DRAINAGE IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $4,515,000 to finance Drainage Improvements.
FOR the issuance of Drainage Improvement Bonds
AGAINST the issuance of Drainage Improvement Bonds
0
FE]
The Drainage Improvements include the construction or acquisition
of facilities for drainage and flood control and any necessary land
and easement acquisition therefor.
0
0 0
QUESTION SIX: PARK AND RECREATIONAL IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $14,965,000 to finance Park and Recreational
Improvements.
FOR the issuance of Park and Recreational Improvement
Bonds
AGAINST the issuance of Park and Recreational Improvement
Bonds
FE-
0
The Park and Recreational Improvements include the construction,
reconstruction, acquisition, renovation, remodeling or improvements
for City park and recreational facilities and apparatus, including
particularly, without limitation, improvements to existing parks;
development of a new park with playing fields; development of a
trail system; expansion of the War Memorial Fitness Center;
renovations and improvements to the Little Rock Zoo; community
center upgrades; and any necessary sidewalks, land and easement
acquisition and street, bridge, drainage, parking, lighting,
conservation and signage improvements therefor.
QUESTION SEVEN: SCHOOL AREA PEDESTRIAN SAFETY
IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $1,215,000 to finance School Area Pedestrian Safety
Improvements.
FOR the issuance of School Area Pedestrian Safety
Improvements Bonds
AGAINST the issuance of School Area Pedestrian Safety
Improvements Bonds
. . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑
The School Area Pedestrian Safety Improvements include
particularly, without limitation, the construction or acquisition
of sidewalks or crossing lights near various schools within the
City and any necessary land and easement acquisition and street
improvements therefor.
E
0
0
OUESTION EIGHT: ANIMAL SERVICES IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $1,360,000 to finance Animal Services Improvements.
FOR the issuance of Animal Services Improvement Bonds
AGAINST the issuance of Animal Services Improvement
Bonds
L
IN
The Animal Services Improvements include the construction,
reconstruction, acquisition, renovation, remodeling or relocation
of, or improvements to, new or current animal services facilities
and apparatus, and any necessary land acquisition and street,
parking and drainage improvements therefor.
QUESTION NINE: ROBINSON AND STATEHOUSE CONVENTION
CENTERS IMPROVEMENT BONDS
Vote FOR or AGAINST the issuance of bonds in the maximum principal
amount of $1,145,000 to finance Robinson and Statehouse Convention
Centers Improvements.
FOR the issuance of Robinson and Statehouse Convention
Centers Improvement Bonds
. . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑
AGAINST the issuance of Robinson and Statehouse
Convention Centers Improvement Bonds
0
The Robinson and Statehouse Convention Centers Improvements include
the reconstruction, renovation or remodeling of, or improvements
to, the convention, meeting and entertainment facilities at
Robinson Center and the Statehouse Convention Coter.
Section 3. The City Clerk is authorized and directed to
give notice of the election by one publication in a newspaper
having general circulation within the City. The publication shall
be made not less than ten (10) days prior to the election.
Section 4. The election shall be held and conducted and
the vote canvassed and the results declared under the law and in
the manner now provided for municipal elections.
Section 5. The Mayor shall proclaim the results of the
election by issuing a proclamation and publishing the same one time
in a newspaper having general circulation in the City. The results
C.
0 0
as proclaimed shall be conclusive unless suit challenging the
results is filed in the courts within thirty (30) days after the
publication of the proclamation.
Section 6. A copy of this Ordinance shall be given to
the Pulaski County Board of Election Commissioners so that the
necessary election officials and supplies may be provided.
Section 7. Subject to the approval of the electors, the
issuance of the Bonds-for the purposes and in the amounts specified
in Section 2 is hereby authorized. The Bonds shall be issued under
the authority of Amendment No. 62 to the Constitution of the State
of Arkansas and Title 14, Chapter 164, Subchapter 3 of the Arkansas
Code of 1987 Annotated.
Section 8. This Ordinance shall constitute an "official
intent" under United States Treasury Regulation No. 1.150 -2 for the
reimbursement from proceeds of the Bonds for expenditures made by
the City prior to the date the Bonds are issued for capital
improvements and expenses of authorizing and issuing the Bonds.
Section 9. All ordinances and parts thereof in conflict
herewith are herebv repealed to the extent of such conflict.
PASSED this 30th day of September, 2003.
ATTEST:
�( l�� S . (loaf G_t� CP�rr l�
City Clerk Nancy Wood
(SEAL)
APPROVED AS TO FORM:
City Attorney
yor Jim Dailey
%.IT 7'1 ,
:C) a,. R s
p v
'llllryl� IIIU 4I U��`,`