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HomeMy WebLinkAbout9865737 RESOLUTION NO. 9,865 A RESOLUTION AUTHORIZING THE CITY MANAGER TO TRANSFER SURPLUS FUNDS TO MAKE FINAL PAYMENT TO THE ARKANSAS HIGHWAY AND TRANSPORTATION DEPARTMENT (AHTD) FOR THE CITY'S SHARE OF THE COST OF THE OTTER CREEK BRIDGE CONSTRUCTION PROJECT, A 1988 CAPITAL IMPROVEMENT BOND PROJECT. WHEREAS, the Otter Creek Road 1988 Bond Project was completed in December, 1993; om WHEREAS, these funds are needed to pay the City's share of expenses that have now been invoiced to the City by the Arkansas Highway and Transportation Department; and WHEREAS, Little Rock, Ark., Resolution Number 8,109 (February 21, 1989) committed the City to pay 25% of the project cost. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is authorized to transfer surplus funds to make final payment to the AHTD for the City's share of the cost of the Otter Creek Bridge Construction Project, a 1988 Capital Improvement Bond Project. SECTION 2. Funding in the amount of $93,267.38 is to be transferred from accounts 212- 220 -0290 and 212 - 220 -0452 to 301- 220 -0066. 1 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 ADOPTED: ATTEST: December 17, 1996 ROBBIE HANCOCK CITY CLERK APPROVED AS TO FORM: a on. dApt4a&ApC- THOMAS M. CARPENTE CITY ATTORNEY APPROVED: JIM ILEY MAYOR 738