HomeMy WebLinkAbout10-26-21 Little Rock Board of Directors Special Called Meeting
October 26,2021
4:00 PM
Little Rock Board of Directors Special Called Meeting
October 26, 2021
4:00 PM
The Board of Directors of the City of Little Rock, Arkansas, met in a Special Called
Meeting with Mayor Frank Scott, Jr., presiding. City Clerk Susan Langley called the roll
with the following Directors present: Miller; Richardson; Webb; Peck; Wright; Wyrick;
Kumpuris; Phillips (enrolled at 4:05 PM); Adcock; Vice-Mayor Hines; and Mayor Scott.
Director B.J. Wyrick delivered the invocation followed by the Pledge of Allegiance.
1. RESOLUTION NO. 15,553: To express the intent to issue Industrial Development
Revenue Bonds, in the approximate principal amount of $350,000,000.00, for the
purpose of acquiring and equipping industrial facilities at the Little Rock Port Authority on
behalf of Trex Company, Inc., a Delaware Corporation; and for other purposes. Staff
recommends approval.
Director Adcock made the motion, seconded by Director Wright, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
2. RESOLUTION NO. 15,554: To authorize the Mayor and City Clerk to execute any
documents necessary to convey approximately 289 acres of property located at the Port
of Little Rock to Trex Company, Inc., for economic development purposes; and for other
purposes. Staff recommends approval.
Director Adcock made the motion, seconded by Director Wright, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
3. RESOLUTION NO. 15,555: To certify Local Government Endorsement of Trex
Company, Inc., to participate in the Arkansas Tax Back Programs, as authorized by Ark.
Code Ann. §15-4-2706(D) of the Consolidated Incentive Act of 2003; and for other
purposes. Staff recommends approval.
Director Adcock made the motion, seconded by Director Wright, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
Director Wright made the motion, seconded by Director Adcock, to adjourn the meeting.
By unanimous voice vote of the Board Members present, the meeting was adjourned.
ATT - -. APPROVED:
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Sus - i.leY� CityClerk Frank fi . Nayor
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