HomeMy WebLinkAbout03-29-22 Special Called Meeting Little Rock Board of Directors Special Called Meeting
March 29, 2022
4:00 PM
Little Rock Board of Directors Special Called Meeting
March 29, 2022
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 (via WebEx Teleconferencing);
Webb; Peck; Wright; Wyrick; Phillips (enrolled at 4:07 PM via WebEx Teleconferencing);
Kumpuris; Adcock; Vice-Mayor Hines; and Mayor Scott. Director Virgil Miller delivered
the invocation followed by the Pledge of Allegiance.
Mayor Scott welcomed Little Rock Regional Chamber of Commerce Executive Vice-
President James Reddish to announce a new company that would be locating in the
Little Rock Port. Mr. Reddish stated that Synthesia Technology, Inc., would be investing
approximately $30,000,000.00 on fifteen (15) acres within the Little Rock Port and would
be creating fifty (50) new jobs. Mr. Reddish stated that Synthesia was a globally
recognized leader in the industry for advanced technology. Little Rock Port Authority
Executive Director Bryan Day stated that they were excited to welcome Synthesia to the
community and looked forward to working with them as the located at the Little Rock
Port.
AGENDA (Items 1 - 3)
1. RESOLUTION NO. 15,644: To authorize the Mayor of the City of Little Rock,
Arkansas, to execute any documents necessary to sell approximately fifteen (15) acres
of property, located at The Port of Little Rock, to Synthesia Technology, Inc., for
economic development purposes; and for other purposes.
Vice-Mayor Hines made the motion, seconded by Director Adcock, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
2. RESOLUTION NO. 15,645: To certify Local Government Endorsement of Synthesia
Technology, 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.
Director Adcock made the motion, seconded by Director Wyrick, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
3. RESOLUTION NO. 15,646: To state the intent to issue Industrial Development
Revenue Bonds, in the approximate principal amount of$35,000,000.00, for the purpose
of acquiring and equipping industrial facilities at the Little Rock Port Authority on behalf
of Synthesia Technology, Inc., a Delaware Corporation, setting a public hearing for April
19, 2022; and for other purposes.
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Little Rock Board of Directors Special Called Meeting
March 29,2022
4:00 PM
Director Adcock made the motion, seconded by Director Wyrick, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
Director Adcock made the motion, seconded by Director Wyrick, to adjourn the meeting.
By unanimous voice vote of the Board Members present, the meeting was adjourned.
A II APPROVED:
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-a o ng���ity Clerk Frank Scott, Jr., May
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