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13082A1 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 32 33 34 RESOLUTION NO. 13,082A A RESOLUTION TO AUTHORIZE THE LITTLE ROCK CITY MANAGER TO APPLY FOR A GRANT TO THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION ON BEHALF OF THE CITY OF LITTLE ROCK; AND FOR OTHER PURPOSES. WHEREAS, the City of Little Rock has determined that the infrastructure improvements along Fair Park Boulevard meets eligibility requirements necessary to apply for a grant under the 209 GIF Regional Development Grant Program; and WHEREAS, City Staff has developed plans for the round -a -bout at the intersection of Fair Park Boulevard and Zoo Drive, and WHEREAS, the Little Rock Board of Directors recognizes the need for the project, concurs its importance, and supports the aforementioned grant application in its effort to proceed with the same; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. The City Manager is authorized to submit a grant application in the amount of $200,000 to the Arkansas Economic Development Commission - 2009 General Improvement Fund Allocations for Regional Economic Development. Section 2. The City Manager is authorized to provide up to $80,000 of in -kind match to offset the total cost of the project and up to $82,000 in cash match to complete the requirements of the grant. Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adjudication shall not affect the remaining portions of the resolution which shall remain in full force. ADOPTED: February 2, 2010 MTsd'n IS g , Acting City Clerk APPRO D S TO LEGAL FORM: v Thomas M. Carpen r, tt orney APPRO Mark Stodola, Mayor