136441
RESOLUTION NO. 13,644
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3 A RESOLUTION TO APPOINT STEPHENS, INC., AS LEAD BOND
4 UNDERWRITER FOR THE PROPOSED ISSUANCE OF LITTLE ROCK,
5 ARKANSAS CAPITAL IMPROVEMENT BONDS; AND PROVIDING
6 FOR OTHER MATTERS IN CONNECTION WITH THE ISSUANCE OF
7 BONDS; AND FOR OTHER PURPOSES.
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9 WHEREAS, it is necessary to have bond underwriters provide the best financial terms for the
10 issuance and sale of the Capital Improvement Bonds approved at the special election held September 11,
11 2012, and
12 WHEREAS, the City requested proposals from qualified firms to handle this work; and
13 WHEREAS, the proposals received were reviewed and evaluated by a professional services selection
14 committee designated in accordance with City ordinance; and
15 WHEREAS, the committee has concluded that the firm of Stephens, Inc., is the most qualified and
16 has the knowledge and experience with similar financings in Arkansas and nationally as an underwriter to
17 represent the City of Little Rock as lead underwriter for the proposed bond issue;
18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
19 OF LITTLE ROCK, ARKANSAS:
20 Section 1: The Board of Directors hereby authorizes the City Manager to enter into an agreement
21 with the firm of Stephens, Inc., to act as lead underwriter for this proposed bond issue.
22 Section 2: Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
23 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
24 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
25 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
26 resolution.
27 Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
28 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
29 ADOPTED: February 5, 2013
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APPROVED:
_Zy'L4L
Mark Stodola, Mayor
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1 APPROVED AS TO LEGAL FORM:
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4 C�
5 Thomas M. Carpenter, City tto&iey
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