HomeMy WebLinkAbout16354 1 RESOLUTION NO. 16,354
2
3 A RESOLUTION TO APPROPRIATE ONE MILLION FIVE HUNDRED
4 THOUSAND DOLLARS ($1,500,000.00) FROM THE TECHNOLOGY
5 PARK SPECIAL PROJECT TO THE CENTRAL ARKANSAS
6 TECHNOLOGY PARK AUTHORITY; AND FOR OTHER PURPOSES.
7
8 WHEREAS, pursuant to Section 1 of Little Rock, Ark., Ordinance No. 22,234 (March 7, 2023), the
9 City of Little Rock, Arkansas (City), indicated that it would set aside up to Three Million Dollars
10 ($3,000,000.00)in proceeds for economic development;specifically for the development of the Little Rock
11 Technology Park; and,
12 WHEREAS, the Executive Director of the Central Arkansas Technology Park Authority, which
13 operates as the Little Rock Technology Park, has requested funding to further the process of development
14 of the Technology Park,and,
15 WHEREAS,there is a desire that the City appropriate these funds so that it can proceed with various
16 activities including, but not limited to,further development of the Technology Park Facilities.
17 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
18 OF LITTLE ROCK,ARKANSAS:
19 Section 1. The City appropriates the sum of One Million Five Hundred Thousand Dollars
20 ($1,500,000.00) for the Little Rock Technology Park, to be paid at this time, from the Little Rock
21 Technology Park Special Project,Account No. 108129-S 1 00522.
22 Section 2. 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28 hereby repealed to the extent of such inconsistency.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: June 18,2024
30 ATTEST: APPROVED:
31
32 � �UIN 11 v' .
33 Allison Segars,D City Clerk Frank Scott,Jr.,
(Page 1 of 21
I
1 APPROVED AS TO LEGAL FORM:
2
3 7 (---titiZIAA.041 Wt . C,./(Ab
4 Thomas M.Carpenter,City Attor y
5 //
6 //
7 //
8 //
9 //
10 //
11 //
12 //
13 //
14 //
15 //
16 //
17 //
18 //
19 //
20 //
21 //
22 //
23 //
24 //
25 //
26 //
27 //
28 //
29 //
30 //
31 //
32 //
33 //
34 //
(Page 2 of 21