HomeMy WebLinkAbout12331RESOLUTION NO. 12,331
A RESOLUTION SETTING THE DATE FOR A PUBLIC HEARING ON THE
ISSUANCE OF CITY OF LITTLE ROCK AIRPORT REVENUE BONDS,
SERIES 2006, IN AN AMOUNT NOT TO EXCEED 529,500,000 FOR THE
PURPOSE OF FINANCING THE COSTS OF ACQUIRING REAL
PROPERTY FOR CURRENT AND FUTURE AIRPORT EXPANSION AND
OF DESIGN AND CONSTRUCTION OF RAMPS, TAXIWAYS AND OTHER
AIRPORT IMPROVEMENTS AT LITTLE ROCK NATIONAL AIRPORT,
AND FOR OTHER PURPOSES.
WHEREAS, the Little Rock Airport Commission has determined that it would be in the best
interest of the City to issue Airport Revenue Bonds for the purpose of financing the costs of
acquiring real property for current and future airport expansion and of design and construction of
ramps, taxiways and other airport improvements at Little Rock National Airport.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: A public hearing is hereby set for September 5, 2006, at 6:00 p.m. in the
Board of Directors' Meeting Room, Second Floor, City Hall, 500 West Markham Street, Little Rock,
Arkansas 72201, on the question of the issuance of its Airport Revenue Bonds in an amount not to
exceed $29,500,000 for the purpose of financing the costs of acquiring real property for future
airport expansion and of design and construction of ramps, taxiways and other airport improvements
at Little Rock National Airport.
SECTION 2: Publication of a Notice of Public Hearing is hereby ratified and confirmed.
ADOPTED: August 15, 2006
ATTEST:
I" �� 0
Naticy Wood, C"ity Clerk Jin0ailey, Mayor
APPROVED AS TO FORM:
Tom Carpenter, City AttoAiey
NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will be held by
the Board of Directors of the City of Little Rock, Arkansas (the
"City ") at the regular meeting place of the Board of Directors, City
Hall, 500 W. Markham, Second Floor, Little Rock, Arkansas at 6:00
p.m. on September 5, 2006, on the question of the adoption of an
Ordinance authorizing the issuance of approximately $29,500,000 in
principal amount of Cite of Little Rock, Arkansas Airport Revenue
Bonds, Series 2006 (the "Bonds ") to finance the costs of acquiring
real property for current and future airport expansion and of design
and construction of ramps, taxiways and other airport improvements
located at the Little Rock National Airport, funding a debt service
reserve fund, and paying all expenses properly incident to the
improvements and to the issuance of the Bonds. Any person
interested may appear before the Board of Directors on the day, and
at the location, described above and be heard for or against the
issuance of the Bonds. At such hearing all objections and
suggestions will be heard and considered and the City will take such
action as is deemed proper. This Notice is given pursuant to Act
852 of 1987 and 26 U.S.C. §147.
Dated this 16th day of August, 2006.
/Nancy Wood/
City Clerk