18704• i
ORDINANCE NO. 18,704
2 AN ORDINANCE TO APPROPRIATE $90,000 FOR THE
3 LOCAL INITIATIVES SUPPORT CORPORATION (LISC)
4 TO PROVIDE LOW TO MODERATE HOUSING
5 ASSISTANCE; TO DECLARE IT IMPRACTICAL AND
6 UNFEASIBLE TO ENGAGE IN A COMPETITIVE
7 SELECTION PROCESS; TO DECLARE AN EMERGENCY;
8 AND FOR OTHER PURPOSES.
9 WHEREAS, the Board of Directors has decided to participate in programs that provide
10 housing assistance to low to moderate income person, but are limited in what can be done
11 because of restrictions contained in the Arkansas Constitution, and
12 WHEREAS, such participation fulfills a public purpose since the maintenance and
13 increase of housing stock improves the real estate and personal property tax roles, makes a
14 neighborhood a more desirable place to live and, in the process, helps to alleviate urban blight
15 and decrease crime, and overall helps to promote social and economic development within the
16 City, and
17 WHEREAS, the Local Initiative Support Corporation ( "LISC ") is a national
18 organization that has maintained and operated a local office in Little Rock for a number of years,
19 helps to channel money to Community Development Corporations ( "CDC "), and obtains
20 substantial grants from such local corporations as the Levi Strauss Foundation, Pulaski Bank,
21 Stephens, Inc., the Bank of America, Citizen's First Bank, Eagle Bank and Trust Company,
22 Entergy Corporation, Metropolitan National Bank, One National Bank, Pinnacle Bank, and
23 Regions Bank, and
24 WHEREAS, by entering into an agreement with the LISC, the City is able to enhance its
25 ability to promote low to moderate income housing assistance since it can obtain the benefit of
26 the grant funds outlined above, a benefit available only to the Little Rock LISC, and thus
27 constitutes a situation which makes it impractical and unfeasible to bid, and
28 WHEREAS, as a part of the 2002 budget process, the City budgeted ninety thousand
29 dollars ($90,000) to cooperate with the LISC in these endeavors,
30 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
31 THE CITY OF LITTLE ROCK, ARKANSAS:
32 Section 1. The City Manager is authorized to enter in to an agreement with the Local
33 Initiatives Support Corporation, a New York not- for -profit corporation, in a form acceptable to
34 the City Attorney, to provide low to moderate income housing assistance to Little Rock citizens,
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Ordinance
LICS
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1 to use the donated monies that LISC receives from various local corporations, and to receive an
2 amount not in excess of ninety thousand dollars ($90,000) from the City for these services.
3 Section 2. Because the LISC, which provides major assistance to various CDCs located
4 within the City, receives substantial donations from local businesses that can be matched with the
5 City's money to enhance this housing program, the Board finds that it is impractical and
6 unfeasible to submit these services to competitive bidding and, therefore, waives this
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requirement.
Section 3. Severability. In the event any section, paragraph, item, sentence, clause,
phrase, or word of this ordinance is declared or adjudged to be invalid or unconstitutional, such
declaration or adjudication shall not affect the remaining portions or the ordinance which shall
remain in full force an effect as if the portion so declared or adjudged invalid or unconstitutional
was not originally part of the ordinance.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
inconsistent with the provisions of this ordinance are hereby repealed to the extent of such
inconsistency.
Section 5. Emergency. The ability to continue to provide meaningful housing assistance
to low to moderate income families is essential to preserve the public health, safety and welfare,
particularly since such assistance promotes neighborhood development, increases property tax
collections for the City, decreases crime, and enhances social and economic development within
the community; therefore, this ordinance needs to become immediately effective in order to
assure there is no gap or delay in the ability of the Little Rock LISC, or the City, to provide these
services; and emergency is, therefore, declared to exist and this ordinance shall be in full force
and effect from and after the date of its passage.
PASSED: .JUNE 18, 2002
ATTEST:
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29 N n oorj City Clerk
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31 APP OVED AS TO LEGAL FORM:
33 Thomas M. Carpenter, City Ayorney
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35 1/
Ordinnee
LICS
APPROVED:
L 0-
Jim ' ey, Mayor
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