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RESOLUTION NO
8,549-- � - - - -- -
A RESOLUTION STATING THE INTENT OF
THE BOARD OF DIRECTORS OF THE CITY
OF LITTLE ROCK, ARKANSAS, TO
REIMBURSE THE ECONOMIC DEVELOPMENT
FUND THE SUM OF $10,500 FROM THE
PROCEEDS OF THE ISSUANCE OF BONDS
APPROVED AT AN ELECTION; AND FOR
OTHER PURPOSES.
WHEREAS, the City by ordinance has appropriated $10,500
from the Economic Development Fund to pay for Financial Advisor
Services related to Project -2000 bond financing; and
WHEREAS, this expenditure is an appropriate cost and
expense of the Project 2000 capital bond issue; and
WHEREAS, reimbursement of this $10,500 to the Economic
Development Fund, if the bond issue election is successful,
would help the City with its efforts to provide for economic
development.
NOW, 'THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. It is the intent of the Board of Directors that
the $10,500 to pay the costs of Financial Advisor services
related to the Project -2000 bond financing which was
appropriated from the Economic Development Fund shall be
reimbursed from the proceeds of the bonds if issuance of the
bonds is approved in an election to be held on October 8, 1991.
ADOPTED: August 6, 1991
ATTEST:
lit&
APPROVED AS TO FORM:
THOMAS M. CARPENT
CITY ATTORNEY
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