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HomeMy WebLinkAbout92061 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 • RESOLUTION NO. 9, 206 • A RESOLUTION APPOINTING THE FIRMS OF FRIDAY, ELDREDGE & CLARK AND MAYS & CRUTCHER, P.A. AS CO -BOND COUNSEL FOR THE PROPOSED REFUNDING OF THE $33,595,0001988 CAPITAL IMPROVEMENT BONDS AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN ENGAGEMENT LETTER. WHEREAS, it is necessary to have bond counsel to work with the City to perform legal work to assure the issuance of refunding bonds for the $33,595,0001988 Capital Improvement Bond issue; and WHEREAS, the City requested proposals from qualified law firms to handle this legal work; and WHEREAS, the proposals were reviewed by a selection committee selected in accordance with City ordinance; and WHEREAS, the committee has concluded that the law firms of Friday, Eldredge & Clark and Mays & Crutcher, P.A. are the most qualified to handle this legal work, and a contractual agreement with the firms has been reached. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The law firms of Friday, Eldredge & Clark and Mays & Crutcher, P.A. are appointed to act as co -bond counsel to the City in connection with a proposed refunding of the $33,595,000 1988 Capital Improvement Bond issue. SECTION 2: The City Manager is hereby authorized to execute the Letter of Engagement with Friday, Eldredge & Clark and Mays & Crutcher, P.A. law firms. ADOPTED: July 19, 1994 ATTEST: ROBBIE HANCOCK, CITY CLERK APPROVED AS TO FORM: THOMAS M. CARPEN CITY ATTORNEY lt — 9-/�RA JIM ILEY, MAYOR 366 R7! A�