HomeMy WebLinkAbout16509 1 RESOLUTION NO. 16,509
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3 A RESOLUTION TO AUTHORIZE THE TRANSFER OF THE CITY OF
4 LITTLE ROCK'S MATCHING FUNDS TO THE U.S. ARMY CORPS OF
5 ENGINEERS FOR THE SECTION 208—STUMP CREEK CLEARING AND
6 SNAGGING PROJECT; AND FOR OTHER PURPOSES
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8 WHEREAS,Resolution No. 15,164 expressed the willingness of the City of Little Rock to apply for
9 and utilize cost share grant funds from the United States Army Corps of Engineers(USACOE)for Clearing
10 and Channel Improvements to Stump Creek, and participate in accordance with its designated
11 responsibilities,including acquisition of easements,land right-of-way and maintenance of this project upon
12 completion, and to provide cost share funds for the project;and,
13 WHEREAS,the Project Partnership Agreement between the USACOE and the City of Little Rock for
14 the Stump Creek Clearing and Snagging Project dated October 24, 2024, sets forth terms and conditions
15 under which the USACOE will undertake the design, environmental clearance, and construction of the
16 project and the City of Little Rock shall provide and transfer funds required to meet its share of project
17 costs to an account from which the Federal Government can withdraw funds to cover the non-Federal cost
18 share of the project;and,
19 WHEREAS, the USACOE has provided a project estimate of One Million Seven Hundred Three
20 Thousand Dollars($1,703,000.00)for the Stump Creek Clearing and Snagging project with the USACOE's
21 share of such costs,as limited by the Federal Participation Limit,projected to be Three Hundred Fifty Two
22 Thousand, Four Hundred Thirty-Five Dollars ($352,435.00) and the City's costs projected to be One
23 Million,Three Hundred Fifty Thousand,Five Hundred Sixty-Five Dollars($1,350,565.00); and,
24 WHEREAS, the City of Little Rock is in receipt of a request from the USACOE to transfer One
25 Million,Two Hundred Thousand,Five Hundred Sixty-Five Dollars,($1,200,565.00)into an account from
26 which the Federal Government can withdraw funds to cover the non-Federal cost share of the project;and,
27 WHEREAS,One Million funds for the project are allocated in the Special Project Account No.
28 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
29 OF LITTLE ROCK,ARKANSAS:
30 Section 1. The Board of Directors authorizes the transfer of One Million, Two Hundred Thousand,
31 Five Hundred Sixty-Five Dollars,($1,200,565.00)into an account from which the Federal Government can
32 withdraw funds to cover the non-Federal cost share of the project.
33 Section 2. Funds for the Stump Creek project are available from the Special Project Account 108409
34 S40G672 in the amount of One Million Dollars ($1,000,000.00) with Two Hundred Thousand, Five
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1 Hundred Sixty-Five Dollars ($200,565.00) available from the Limited Tax General Obligation Capital
2 Improvement Bonds as authorized by Little Rock,Ark.,Resolution 15,968,Account Activity B2D051D.
3 Section 3. Severabiliry. In the event any title, section, paragraph, item, sentence, clause, phrase, or
4 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
5 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
6 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the
7 resolution.
8 Section 4. Repealer.All laws,ordinances,resolutions,or parts of the same,that are inconsistent with
9 the provisions of this resolution,are hereby repealed to the extent of such inconsistency.
10 ADOPTED: December 3,2024
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12 ATTEST: APPROVED:
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14 M M -�
15 Allison Segars,'RuItmg •City Clerk Frank D. Scott,Jr.,Mayor
16 APPROVED AS TO FORM:
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18 ti.ii- of •
19 Thomas M. Carpenter, City) ttorney
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