HomeMy WebLinkAbout16402 1 RESOLUTION NO. 16,402
2
3 A RESOLUTION TO APPROPRIATE FIVE HUNDRED THOUSAND
4 DOLLARS ($500,000) FROM THE TECHNOLOGY PARK SPECIAL
5 PROJECT FUND TO THE CENTRAL ARKANSAS TECHNOLOGY PARK
6 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 indicated that it would set aide up to Three Million Dollars ($3,000,000) in proceeds for economic
10 development, and specifically for the development of the 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 funding to further the process of development
13 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 City appropriates the sum of Five Hundred Thousand Dollars($500,000)for the Little
19 Rock Technology Park, to be paid at this time, from the Little Rock Technology Park Special Project
20 Account No. 108129-S100522.
21 Section 3.Severability.In the event any title,section,paragraph,item,sentence,clause,phrase,or word
22 of this resolution is declared or adjudged to be invalid or unconstitutional,such declaration or adjudication
23 shall not affect the remaining portions of the resolution which shall remain in full force and effect as if the
24 portion so declared or adjudged invalid or unconstitutional was not originally a part of the resolution.
25 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are
26 hereby repealed to the extent of such inconsistency.
27 ADOPTED: August 20,2024
28 ATTEST: APPROVED:
29 • ,
30 AQ QQ ' It ,i,/ (4)(beit
31 Allison Segars,Ac 7. City Clerk •thy Web 1,Vice-Mayor
32 APPROVED AS TO LEGAL FORM:
33
34 , '
35 Thomas M.Carpenter,City Atto.t•y
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