12779I
2
RESOLUTION NO. 12,779
3 A RESOLUTION TO APPOINT WRIGHT, LINDSEY & JENNINGS LLP
4 AS BOND COUNSEL FOR THE PROPOSED ISSUANCE OF LITTLE
s ROCK, ARKANSAS CAPITAL IMPROVEMENT REVENUE REFUND -
6 ING BONDS, SERIES 2008; (THE PARK & RECREATION BONDS); AND
7 PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE IS-
8 SUANCE OF BONDS.
9
10 WHEREAS, pursuant to Little Rock, Ark., Resolution No. 12,753 ( "LRR 12,573 "), the
11 Board of Directors stated an intent to refund ( "2008 Parks Refunding Bonds ") the $16,540,000
12 City of Little Rock, Arkansas, Capital Improvement Revenue Bonds, Parks and Recreation Pro-
13 jects (Series 1998A), which had been authorized by Little Rock, Ark., Ordinance No. 17,690
14 (March 17, 1998), (1998 Parks Revenue Bonds); and
15 WHEREAS, it is necessary to have bond counsel to work with the City to perform legal
16 work to assure the issuance of Capital Improvement Revenue Refunding Bonds, Series 2008; and
17 WHEREAS, the City requested proposals from qualified firms to handle this work; and
18 WHEREAS, a professional services selection committee has evaluated the proposals re-
19 ceived; and
20 WHEREAS, the committee has concluded that the law firm of Wright, Lindsey & Jennings
21 LLP is the most qualified to handle the legal work
22 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
23 THE CITY OF LITTLE ROCK, ARKANSAS:
24 Section 1. The City Manager is hereby authorized to enter into an agreement with the firm of
25 Wright, Lindsey & Jennings, to act as bond counsel for the 2008 Parks Refunding Bonds.
26 Section 2. The funds required to fulfill the financial obligations of the City pursuant to a
27 contract with Wright, Lindsey & Jennings, shall be paid in accordance with Section 2 of LRO
28 12,753.
29 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
30 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
31 declaration or adjudication shall not affect the remaining portions of the resolution which shall
[PAGE 1 OF 2]
Resolution to select Wright, Lindsey & Jennings, as bond counsel
for the 2008 Parks Refunding Bonds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
remain in full force and effect as if the portion so declared or adjudged invalid or unconstitu-
tional was not originally a part of the resolution.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are incon-
sistent with the provisions of this resolution are hereby repealed to the extent of such inconsis-
tency.
ADOPTED: November 3, 2008
ATTEST: APPROVED:
Nancy Woo , City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Attorney
//
//
//
//
//
Resolution to select Wright, Lindsey & Jennings, as bond counsel
for the 2008 Parks Refunding Bonds
[PAGE 2 OF 21
Mark Stodola, Mayor