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RESOLUTION NO. 11,957
3 A RESOLUTION AUTHORIZING THE OFFERING OF UP TO
4 $10,000,000 OF CITY OF LITTLE ROCK, ARKANSAS SEWER
5 REFUNDING AND CONSTRUCTION REVENUE BONDS SERIES
6 2005; AND PROVIDING FOR OTHER MATTERS IN CONNECTION
7 THEREWITH; AND FOR OTHER PURPOSES.
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9 WHEREAS, the City of Little Rock, Arkansas (the "City ") proposes to authorize
10 betterments and improvements (the "Improvements ") to the municipal sewer system
11 (the "system ") by the City; and
12 WHEREAS, the City has further determined that it is advantageous to refund its
13 Sewer Revenue Note, Series 2004 (the "Refunding "); and
14 WHEREAS, the City proposes to issue its sewer refunding and construction
15 revenue bonds to finance the cost of the Improvements, to accomplish the Refunding
16 and to pay costs incident to the issuance of the its bonds in the maximum principal
17 amount of $10,000,000 (the 'Bonds "); and
18 WHEREAS, Morgan Keegan & Company, Inc., (the "Underwriter ") has been
19 selected by the City to underwrite the Bonds; and
20 WHEREAS, Wright, Lindsey & Jennings LLP has been selected by the City to act
21 as Bond Counsel in connection with the authorization, sale and issuance of the Bonds;
22 and
23 WHEREAS, the Board of Directors of the City is now prepared to authorize the
24 offering of the Bonds for sale by the Underwriter.
25 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
26 THE CITY OF LITTLE ROCK, ARKANSAS:
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Section 1. That the Underwriter is hereby authorized to offer the Bonds for
sale and the Mayor is authorized to execute the Bond Purchase Agreement substantially
in the form presented to this meeting of the Board of Directors, subject to final approval
of an ordinance by the Board of Directors of the City authorizing the issuance of the
Bonds.
Section 2. That Wright, Lindsey & Jennings LLP, as Bond Counsel, is hereby
authorized and directed to prepare the Ordinance authorizing the issuance of the Bonds
together with such other documents as may be necessary and appropriate in connection
therewith, for presentation to and consideration by the Board of Directors of the City at
its next meeting.
Section 3. That this Resolution shall be in full force from and after the date of
its approval.
ADOPTED: April 5, 2005
ATTEST:
Nancy Woo , City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, Wy Attorney
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APPROVED: k
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Ji ailey, Mayor
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CERTIFICATE
STATE OF ARKANSAS )
COUNTY OF PULASKI )
I, Nancy Wood, City Clerk of the City of Little Rock, Arkansas, do hereby certify
that the foregoing is a true and correct copy of Resolution No. of the Resolutions of
the City, entitled: A RESOLUTION AUTHORIZING THE OFFERING OF UP TO
$10,000,000 OF CITY OF LITTLE ROCK, ARKANSAS SEWER REFUNDING AND
CONSTRUCTION REVENUE BONDS SERIES 2005; AND PROVIDING FOR OTHER
MATTERS IN CONNECTION THEREWITH, adopted April 5, 2005.
ssaizs -vi
IN WITNESS WHEREOF, I have hereunto set my hand this day of
2005.
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Nancy Wood
City Clerk