HomeMy WebLinkAbout8494208
RESOLUTION NO. 8_.494
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF LITTLE ROCK,
ARKANSAS AND ARKANSAS ENVIROCORP PERTAINING TO
THE ISSUANCE OF REVENUE BONDS FOR FINANCING
THE COSTS OF ACQUIRING, CONSTRUCTING AND
EQUIPPING SOLID WASTE DISPOSAL FACILITIES; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
BE IT RESOLVED by the Board of Directors of the City of
Little Rock, Arkansas:
Section 1. That there be, and there is hereby authorized
the execution and delivery of a Memorandum of Intent by and between
the City of Little Rock, Arkansas (the "Municipality ") and Arkansas
EnviroCorp, an Arkansas corporation (the "Company ") , and the Mayor
and City Clerk be, and they are hereby, authorized to execute and
deliver the Memorandum of Intent for and on behalf of the
Municipality. The Memorandum of Intent is approved in
substantially the form submitted to this meeting, and the Mayor is
hereby authorized to confer with the Company in order to complete
the Memorandum of Intent in substantially the form submitted to
this meeting with such changes as shall be approved by such persons
executing the document, their execution to constitute conclusive
evidence of such approval.
Section 2. That the Mayor and City Clerk be, and they
are hereby authorized and directed for and on behalf of the
Municipality, to do all things, execute all instruments and
otherwise take all action necessary to the realization of the
Municipality's obligations under the Memorandum of Intent.
Section 3. That a public hearing be held, in accordance
with applicable law, on the question of the issuance of the bonds
at the meeting of the Board to be held on June 4, 1991. The
publication of notice thereof not less than 14 days prior to the
date of hearing is hereby authorized.
PASSED: May 7, 1991.
ATTEST: APPROV D:
Q , n�
City C1erk,Robbie Hancock Mayor, Sharon Priest
(SEAL)