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RESOLUTION NO. 8,602
A RESOLUTION EXPRESSING AN INTENT TO
USE ECONOMIC DEVELOPMENT FONDS TO
ENHANCE PROPERTY AT THE AIRPORT TO
ATTRACT AND DEVELOP AN AEROSPACE
MUSEUM AND EDUCATION CENTER.
WHEREAS, the City of Little Rock, ("the City") has
maintained an economic development fund so that the City can
encourage and promote the creation and maintenance of jobs; and
WHEREAS, economic development of Little Rock is critical to
the continued well -being of its citizens through increased job
opportunities, and a growing base of revenues to support City
activities; and
WHEREAS, cities and states throughout our nation continue
to use funds for economic development to attract and maintain
industries and promote the creation and maintenance of jobs;
and
WHEREAS, the City through its Economic Development Fund
made available approximately $3 million to enhance facilities at
the Little Rock Airport which helped facilitate the creation of
a new facility for Arkansas Aerospace, thereby leading to the
creation of more than 300 jobs, which facility was dedicated
recently; and
WHEREAS, the continued promotion of the aerospace industry
as a key component to growth of the economic base of Little Rock
is important to the future of the City; and
WHEREAS, citizens and businesses have joined together to
plan for an aerospace museum and the Little Rock Aerospace
Technology Magnet School (collectively "the aerospace center")
as part of the Little Rock Airport area complex; and
WHEREAS, the commitment and specific participation of the
City to help the formation of this aerospace center is an
important factor to urge commitments by other businesses and
persons to join in the creation of the aerospace center; and
WHEREAS, the City will benefit and be strengthened by the
ability of an aerospace center to enable our citizens to be
trained for jobs in the related aerospace industry which is
growing in Little Rock.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS,
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SECTION 1. The City expresses its intent to participate in
the effort to create an aerospace center by making available
over a period of two years up to $500,000 of its economic
development funds to be used for physical improvements to the
Little Rock Airport property so as to enhance the operation of
the aerospace center.
SECTION 2. Examples of possible improvements to the Airport
property which would aid the operation of this aerospace center
may include street renovations, correction of drainage problems,
and the construction of ramp facilities linking the education
center to a runway.
SECTION 3. The Board of Directors notes that the use of
these economic development funds will enhance the airport
property of the City and will promote economic development by
assisting the aerospace center and its effort to create an
educated and capable work force for the aerospace industry.
SECTION 4. The Board of Directors hopes that this
commitment of the City will encourage citizens and businesses to
join in the effort toward creation of the aerospace center. The
Board of Directors also notes that only by continuing quality
economic development can our City thrive and offer the services
needed by its citizens, whether police and fire protection or
other services.
ADOPTED: November 5, 1991
ATTEST:
,I .G.
11111M _
APPROVED:
JIT Y5AILEY
VI _ MAYOR
M
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