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RESOLUTION 10,724
A RESOLUTION TO APPROVE THE ECONOMIC
DEVELOPMENT ADMINISTRATION (EDA)
DEPARTMENT OF COMMERCE (DOC) FUNDED
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LONG TERM RECOVERY STRATEGY FOR THE
AREA OF LITTLE ROCK IMPACTED BY THE
JANUARY 21, 1999 TORNADOES.
WHEREAS, On January 21, 1999, the City of Little Rock experienced a series
of devastating tornadoes that had a severe negative physical, emotional and economic
impact on our City; and
WHEREAS, as a result of the tornado damage, the City was awarded funding
assistance from the EDA/DOC to develop a comprehensive and long range Economic
Recovery Strategy; and
WHEREAS, after a competitive bid process authorized by Resolution No.
10,512, the City Manager awarded UALR Institute of Economic Advancement (IEA), a
contract for $100,000 to develop the Economic Recovery Strategy; and
WHEREAS, UALRAEA has completed the comprehensive long term Economic
Recovery Strategy as prescribed in the EDA/DOC contract.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the City Manager is authorized to pursue additional local,
state, federal, and private resources required to implement the approved long term
Economic Recovery Strategy.
SECTION 2. That the City Manager is authorized to establish priority in
developing each economic development opportunity listed in the long term economic
development strategy based on the city's available matching resources and other
competitive factors.
Adopted: December 7, 1999
Attest:
Q . � aALed et "
Robbie Hancock, City Clerk
Appr e�d ass thLegal Form:
Thomas M. Carpenter, CitykIttorney
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Approved:
i Dailey, Mayor
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