12567RESOLUTION NO. 129567
A RESOLUTION AUTHORIZING THE OFFERING OF UP TO $7191009000
OF CITY OF LITTLE ROCK, ARKANSAS SEWER CONSTRUCTION
REVENUE BONDS, SERIES 2007C; AND PROVIDING FOR OTHER
MATTERS IN CONNECTION THEREWITH.
WHEREAS, the City of Little Rock, Arkansas (the "City ") proposes to authorize the
acquisition, construction and equipping of certain betterments and improvements to the City's
municipal sewer system, including the construction and equipping of the Little Maumelle
Wastewater Treatment Plant (the "Improvements "); and
WHEREAS, the City proposes to issue its Sewer Construction Revenue Bonds, Series
2007C, in maximum principal amount not to exceed $71,100,000 (the "Bonds ") in order to finance a
portion of the costs of the Improvements, to fund a debt service reserve, and to pay costs incident to
the issuance of the Bonds; and
WHEREAS, Morgan Keegan & Company, Inc. and Crews & Associates, Inc. (the
"Underwriters ") have been selected to underwrite the Bonds; and
WHEREAS, Kutak Rock LLP has been selected to act as Bond Counsel in connection with
the authorization, sale and issuance of the Bonds; and
WHEREAS, the Board of Directors of the City is now prepared to authorize the offering of
the Bonds for sale by the Underwriters;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That the Underwriters are hereby authorized to offer the Bonds for sale and
the Mayor is hereby authorized to execute the Bond Purchase Agreement in substantially the form
presented to this meeting of the Board of Directors, subject to final approval of an ordinance by the
Board of Directors of the City authorizing the issuance of the Bonds.
Section 2. The Kutak Rock LLP, as Bond Counsel, is hereby authorized and directed to
prepare the Ordinance authorizing the issuance of the Bonds, together with such other documents as
may be necessary and appropriate in connection therewith, for presentation to and consideration by
the Board of Directors at its next meeting.
Section 3. That this Resolution shall be in full force and effect from and after the date of
its approval.
ADOPTED: August 21, 2007
ATTEST:
Nan y Wood ity Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City A rney
APPROVED:
Mark Stodola,, Mayor