HomeMy WebLinkAbout99731
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
0
RESOLUTION NO.
9,973 •
A RESOLUTION APPOINTING STEPHENS INC. UNDERWRITERS
FOR THE PROPOSED UP TO $7,000,000 CITY OF LITTLE ROCK,
ARKANSAS PARKS AND RECREATION /ZOO REVENUE BONDS; AND
PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE
ISSUANCE OF THE BONDS.
WHEREAS, in Resolution Number 9,953 the Board of Directors of the City of
Little Rock, Arkansas appointed bond counsel for the Bonds; and
WHEREAS, a professional services selection committee has evaluated the
proposals received to underwrite the bonds and has recommended the firm of Stephens,
Inc. to serve as the underwriter for the bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS, AS FOLLOWS:
SECTION 1. The City Manager is authorized to enter into an agreement with
the firm of Stephens Inc. to serve as underwriter for this bond issue.
SECTION 2. The City Finance Director and Bond Counsel are hereby
authorized to submit such documentation as may be required to accomplish the sale of
the bonds to the underwriter if financially feasible. The City Finance Director is further
authorized to take such other actions as are, in his judgement, necessary or appropriate
in order to provide for the sale of the bonds by the underwriter.
ADOPTED: May 6, 1997
ATTEST:
7 i
: i11:1t11DIMALIf111I11C�ibYn`ZyM
APPROVED AS TO FORM:
O��n rw ry Y.A • C.yt,!�
THOMAS M. UAKFENWIC
CITY ATTORNEY
APPROVED:
'A ICI
r .
205