3116 RESOLUTION NO . 3,116
A RESOLUTION AUTHORIZING THE CITY MANAGER TO APPROVE THE
EXPENDITURE OF THE ENTIRE REMAINING BALANCE OF FUNDS IN THE
"1961 INDUSTRIAL DEVELOPMENT BOND CONSTRUCTION FUND"-JACUZZI
BROS. , INC. , PROJECT FOR ADDITIONS TO SAID PROJECT; AND FOR
OTHER PURPOSES.
WHEREAS, at tie present time there is approximately Seventy Five
Thousand Nine Hundred Thirty Three and 79/100 Dollars ($75,933 . 79)
balance remaining in the "1961 Industrial Development Bond Construction
Fund"-Jacuzzi Bros . , Inc . , Project which Fund was heretofore authorized
and created by Ordinance No. 11,218; and
WHEREAS, Jacuzzi Bros . , Inc . , pursuant to Lease and Agreement
authorized and executed pursuant to Ordinance No. 11,219 , proposes
additions to said Project, the cost of which should be partially paid
by the now balance in said Construction Fund;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is hereby authorized and directed
to approve the expenditure of the balance remaining in the "1961 In-
dustrial Development Bond Construction Fund'-Jacuzzi Bros . , Inc. , Pro-
ject toward the total cost of additions to the Jacuzzi Bros . , Inc . , Pro-
ject authorized by Ordinance Nos. 11,213 and 11, 219 . The balance re-
maining in said Fund as of this date is approximately Seventy Five Thou-
sand Nine Hundred Thirty Three and 79/100 Dollars ($75 ,933 . 79) .
SECTION 2. This resolution shall be in full force and effect from
and after its adoption .
ADOPTED: February 3, 1964
ATTEST��G APPROVED: ,,41 •,� /e
City Clerk Ma yor.