HomeMy WebLinkAbout06-25-96W;
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Board of Directors Room
City Hall - 500 W. Markham
Little Rock, Arkansas
June 25, 1996 - 4:20 P.M.
The Board of Directors of the City of Little Rock, Arkansas, reconvened from the
June 18, 1996 regular meeting with Vice Mayor Joan Adcock presiding in the absence of
Mayor Jim Dailey. City Clerk Robbie Hancock called the roll with the following
Directors present: Directors Sharp, Kumpuris, Wilson, Hinton, Keck, Joyce and Wyrick -
total 7; Absent - Mayor Dailey, Directors Mason and Hodges - total 3.
With a quorum present, Vice Mayor Adcock declared the Board of Directors in
session and the proceedings of the meeting are recorded as follows.
A public hearing on the issuance of Industrial Development Revenue Bonds for
the Lexicon, Inc. Project had been scheduled for June 4, 1996, by Resolution No. 9,708,
adopted May 21, 1996. However, the public hearing was rescheduled for June 25, 1996,
and notice thereof duly published in the Arkansas Democrat Gazette on June 9, 1996.
Vice Mayor Adcock declared the public hearing open. No one present voiced opposition,
and Vice Mayor Adcock declared the public hearing closed. Ordinance No. 17,220 was
then presented, with the title being:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR THE PURPOSE OF PROVIDING
PERMANENT FINANCING FOR INDUSTRIAL FACILITIES; AUTHORIZING A
TRUST AGREEMENT BETWEEN THE CITY OF LITTLE ROCK ARKANSAS, AS
LESSOR, AND LEXICON, INC., AS LESSEE; AUTHORIZING AN OFFICIAL
STATEMENT RELATING TO THE BONDS; AUTHORIZING A BOND PURCHASE
AGREEMENT PROVIDING FOR THE SALE OF THE BONDS; AUTHORIZING
AND PRESCRIBING OTHER MATTERS PERTAINING THERETO; AND
DECLARING AN EMERGENCY;
and the Ordinance was read the first time. There was a motion by Director Keck to
suspend the rules and place the Ordinance on second reading. The motion was seconded
by Director Sharp and unanimously adopted by the Board Members present, being eight
in number and two- thirds or more of the members of the Board of Directors - elect.
Following the second reading of the Ordinance, there was a subsequent motion and
second by Directors Keck and Joyce, respectively, to again suspend the rules and place
the Ordinance on third and final reading. The motion was unanimously adopted by the
Board Members present, being eight in number and two- thirds or more of the members of
the Board of Directors - elect, and the Ordinance was read the third and last time. A roll
call vote was taken on the question, Shall the Ordinance Pass, with the vote recorded as
follows: Ayes - Directors Sharp, Kumpuris, Vice Mayor Adcock, Directors Wilson,
Hinton, Keck, Joyce, and Wyrick - total 8; Noes - None; Absent - Directors Mason and
Hodges and Mayor Dailey - total 3.
The Emergency Clause contained in Section 11 of the foregoing Ordinance was
read and adopted by the following roll call vote: Ayes - Directors Sharp, Kumpuris, Vice
Mayor Adcock, Directors Wilson, Hinton, Keck, Joyce, and Wyrick - total 8; Noes -
None; Absent - Directors Mason and Hodges and Mayor Dailey - total 3. Whereupon,
the Ordinance, together with the Emergency Clause, was declared PASSED.
1
Minutes - Reconvened Meeting
June 25, 1996
There was a motion by Director Keck to add to the Agenda a Resolution in
support of the Little Rock Housing Authority Highland Park housing development.
The motion was seconded by Director Joyce and unanimously adopted. Therefore,
Resolution No. 9,735, was presented, entitled:
A RESOLUTION OF THE LITTLE ROCK BOARD OF DIRECTORS IN
SUPPORT OF THE LITTLE ROCK HOUSING AUTHORITY NEIGHBORHOOD
REVITALIZATION EFFORTS AT THE HIGHLAND PARK HOUSING
DEVELOPMENT;
-- and the Resolution was read in full. At the request of Director Wilson, Director Hinton
reported on the meeting he had Monday night (6- 24 -96) with representatives of five (5)
neighborhoods regarding the Highland Park project. He said the meeting was good, the
neighborhood concerns were addressed, and most left with a comfortable feeling
regarding the project. There was a motion by Director Keck to adopt the Resolution. The
motion was seconded by Director Kumpuris, and the Resolution was unanimously
adopted by the Board Members present.
Consideration was then given to a proposed Ordinance described as:
AN ORDINANCE TO AMEND LITTLE ROCK, ARKANSAS ORDINANCE
NO. 17,068 (THE 1996 BUDGET ORDINANCE); APPROPRIATING FUNDS FOR
THE ENVIRONMENTAL QUALITY AND ANTI- LITTER TASK FORCE; AND FOR
OTHER PURPOSES;
and the Ordinance was read the first time. (See page 8 of Minutes of June 18, 1996, for
discussion on the proposed Ordinance) In the absence of City Manager Charles
Nickerson, Assistant City Manager William Hunter responded to questions by Director
Keck regarding concerns expressed by Mr. Nickerson, stating that the ongoing program
would cost $200,000 and Mr. Nickerson recommended waiting until the Finance Director
has completed the mid -year financial report, which should be mid -July. Finance Director
John Pryor said Mr. Nickerson is concerned because there are other requests and needs to
be funded and he would like to see what other funds are available. Directors Sharp and
Kumpuris suggested the Ordinance be deferred until July 2, 1996, due to the absence of
the City Manager and three Board members. Following the discussion there was a
motion by Director Wyrick, seconded by Director Wilson, to suspend the rules and place
the Ordinance on second reading. The voice vote taken on suspension of the rules is
recorded as follows: Ayes - Directors Kumpuris, Vice Mayor Adcock, Directors Wilson,
Hinton, Joyce and Wyrick - total 6; Noes - Directors Sharp and Keck - total 2; Absent -
Directors Mason and Hodges and Mayor Dailey - total 3. Whereupon, the suspension of
the rules failed to receive the required two- thirds vote, and the Ordinance was left on
the calendar for second reading on July 2, 1996.
There being no further business to be considered, the reconvened meeting was
adjourned at 4:45 o'clock P.M. with the Board of Directors to meet again in regular
session on Tuesday, July 2, 1996, at 6:00 o'clock P.M.
ATTEST:
City Clerk Robbie Hancock
2
AP OVED:
Vice Mayor Joan Adcock
469