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RESOLUTION NO. 8967
A RESOLUTION SUPPLEMENTING ORDINANCE NO. 16,448 FOR THE PURPOSE
OF ESTABLISHING THE PRINCIPAL MATURITIES AND SINKING FUND
REDEMPTIONS, INTEREST RATES, AND REOFFERING PRICES OF THE CITY'S
HOTEL AND RESTAURANT GROSS RECEIPTS TAX REFUNDING BONDS, SERIES
1993; AND PRESCRIBING OTHER MATTERS RELATING THERETO.
WHEREAS, the Board of Directors of the City of Little Rock, Arkansas (the "City")
adopted Ordinance No. 16,448 on July 6, 1993, for the purpose of authorizing the issuance
and sale of $28,075,000 Hotel and Restaurant Gross Receipts Tax Refunding Bonds, Series
1993 (the "Series 1993 Bonds "); and
WHEREAS, Ordinance No. 16,448 authorized the City to establish the annual
principal maturities and sinking fund redemptions, interest rates, and reoffering prices of the
Series 1993 Bonds by resolution supplemental thereto.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of
Little Rock, Arkansas:
Section 1. Details of Series 1993 Bonds. That the Series 1993 Bonds shall mature
on August 1 of the years 1994 through 2006, inclusive, 2009, and 2015 in the amounts, shall
bear interest payable semiannually on February 1 and August 1 of each year, commencing
February 1, 1994, at the rates, and shall be sold at the reoffering prices all as set forth
below:
Date
Principal
Interest
Reoffering
(August 1
Amount
Rate
Price
1994
$ 805,000
3.000%
100.000%
1995
780,000
3.600
100.000
1996
805,000
3.950
100.000
1997
830,000
4.200
100.000
1998
870,000
4.400
100.000
1999
900,000
4.600
100.000
2000
940,000
4.750
100.000
2001
980,000
4.900
100.000
2002
1,030,000
4.900
99.282
2003
1,075,000
5.000
99.224
2064
1,125,000
5.100
99.170
2005
1,185,000
5.200
99.120
2006
1,240,000
5.300
99.073
2009
4,170,000
7.125
115.956
2015
11,340,000
7.375
120.000
Be
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Section 2. Sinking Fund Redemption of Series 1993 Bonds. (a) The Series 1993
Bonds maturing on August 1, 2009 shall be subject to redemption prior to maturity at a
redemption price equal to the principal amount thereof plus accrued interest thereon to the
date set for redemption from mandatory sinking fund installments on August 1 of the years
2007 and 2008 in the amounts set forth below:
Date Principal
(August 1 Amount
2007 $1,300,000
2008 1,390,000
(b) The Series 1993 Bonds maturing on August 1, 2015 shall be subject to redemption
prior to maturity at a redemption price equal to the principal amount thereof plus accrued
interest thereon to the date set for redemption from mandatory sinking fund installments on
August 1 of the years 2010 through 2014, inclusive, in the amounts set forth below:
Date Principal
(August 1 Amount
2010
$1,585,000
2011
1,695,000
2012
1,815,000
2013
1,940,000
2014
2,080,000
Section 3. Ordinance No. 16,448 Ratified and Confirmed. That Ordinance
No. 16,448, as supplemented by this Resolution, is hereby ratified and confirmed.
Adopted August 3, 1993
ATTEST:
City Clerk, Robbie Hancock
(SEAL)
APPROVED: o pI.
Mayo Jim Dailey
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