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RESOLUTION NO.
7,437
3 3 6
A RESOLUTION AUTHORIZING THE ADVANCE OF $575,000.00
FROM THE GENERAL FUND OF THE CITY OF LITTLE ROCK,
FOR THE PURCHASE OF WORKER'S COMPENSATION INSURANCE
FOR THE CITY OF LITTLE ROCK.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager and the Director of Finance
are hereby authorized to advance $575,000.00 from the City's
General Fund to be used for the premium and the escrow account
for Worker's Compensation claims.
SECTION 2. State tax turnback funds in the amount of
$575,308.00 should be received by July 11 or 12, 1985 and the
General Fund will be reimbursed for the $575,000.00 from these
funds.
SECTION 3. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: July 2, 1985
ATTEST:
CITV CLERK--ifne Czec
APPROV f `AS T O F
MARK STODOLA, ITY ATTORNEY
APPROVED:
a.
MAYOR Thomas A. Prince
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