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RESOLUTION NO. 3,658
A. RESOLUTION CONCURRING WITH THE RECOMMEN-
DATIONS OF THE PARKING AUTHORITY OF THE
CITY OF LITTLE ROCK, ENDORSING "CAPITAL
PLACE" PROJECT, SAME BEING A PROPOSAL FOR
A PUBLIC OFF-STREET PARKING FACILITY AS
BEING FEASIBLE AND DESIRABLE; AND FOR
OTHER PURPO SE S.
WHEREAS, the Parking Authority of the City of Little
Rock, has by its Resolution dated November 10, 1966, recommended
the Capital Place Project to the Board of Directors as a feasible
and desirable project for the City of Little Rock to undertake
in providing vitally needed public off-street parking in the
downtown business district of the City; and,
WHEREAS, the recommendation of the Parking Authority
sets forth certain conditions which must be resolved prior to
consideration of any Revenue Bond issue to finance the project; and,
WHEREAS, the City of Little Rock cannot and does not
commit or pledge its Revenues from whatever source, except such
Revenue as maybe generated by the operation of the parking facility
itself, to defray any of the cost and expenses involved in the
planning or prosecution of the work necessary in Capital Place
Project.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Board of Directors hereby approves and
concurs with the recommendations of the Parking Authority of the
City of Little Rock, endorsing Capital Place, same being a proposed
facility for public off-street parking in the downtown business
district of the City of Little Rock, as being a feasible and desir-
able project to be undertaken.
SECTION 2. The Parking Authority is hereby encouraged
to proceed as expeditiously as possible with all the necessary
plans and planning essential to afford both the Parking Authority
and the Board of Directors facts, information and statistics
which will be the basis of consideration in the ultimate decision
on a Revenue Bond Ordinance to finance the construction of said
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project; provided, however, that nothing herein shall be construed
as a legal or moral committment or pledge or obligation of the
City of Little Rock to expend any of its Revenue from whatever
source, except such as may be generated by the operation of the
proposed parking facility itself, in the payment of cost and
expenses in any undertaking or work which may be involved in this
project.
SECTION 3. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: November 21, 1966
ATTEST�� e.6 �s-.�c/ APPROVED:
City Clerk Mayor