HomeMy WebLinkAbout16248 1 RESOLUTION NO. 16,248
2
3 A RESOLUTION TO APPROPRIATE ONE MILLION DOLLARS
4 ($1,000,000) FROM THE TECHNOLOGY PARK SPECIAL PROJECT TO
5 THE CENTRAL ARKANSAS TECHNOLOGY PARK AUTHORITY; AND
6 FOR OTHER PURPOSES.
7
8 WHEREAS, pursuant to Section 1 of Little Rock, Ark., Ordinance No. 22,234 (March 7, 2023), the
9 City indicated that it would allocate up to Three Million Dollars($3,000,000.00) in proceeds for economic
10 development,and specifically for the development of the Little Rock Technology Park;and,
11 WHEREAS, the Executive Director of the Central Arkansas Technology Park Authority, which
12 operates as the Little Rock Technology Park, has requested a portion of the funding to further the process
13 of development of the technology park; and,
14 WHEREAS,there is a desire that the City appropriate these funds so that it can proceed with various
15 activities, including, but not limited to, further development of the technology park facilities.
16 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
17 OF LITTLE ROCK,ARKANSAS:
18 Section 1. The Board of Directors hereby authorizes the City Manager to appropriate the sum of One
19 Million Dollars($1,000,000)for the Little Rock Technology Park Phase Two Expansion.
20 Section 2. Funds are available from the Little Rock Technology Park Special Project, Account No.
21 108129-S 10C 522.
22 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
23 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
24 adjudication shall not affect the remaining portions of the resolution,which shall remain in full force and
25 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the
26 resolution.
27 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are
28 hereby repealed to the extent of such inconsistency.
29 ADOPTED: March 5,2024
30 ,ozo APPROVED:
31 NO
32
33 -an • ley,City Clerk Frank Scott,Jr., Mayor
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1 APPROVED AS TO LEGAL FORM:
2
3 4 lL4.tiA,.✓! u tr
4 Thomas M. Carpenter,City A rney
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