HomeMy WebLinkAbout7296A RESOLUTION EXPRESSING THE INTENT OF
THE CITY OF LITTLE ROCK BOARD OF
DIRECTORS TO PROVIDE ASSISTANCE TO THE
PARKING AUTHORITY.
WHEREAS, the City of Little Rock Board of Directors has
previously declared parking problems in the central
Little Rock area to be a major concern; and
WHEREAS, recent studies have documented the shortage in
available parking spaces in the downtown area; and
WHEREAS, plans are currently underway for construction
of two decks to serve the needs of the downtown area.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF
LITTLE ROCK BOARD OF DIRECTORS.
SECTION 1. The Board hereby declares its intent to
make available one -half of the property commonly known as
Block 3 to the Parking Authority for construction of a
parking deck to serve the Statehouse Convention Center and
the north end of Main Street.
SECTION 2. The Board of Directors hereby declares its
intent to provide financial assistance necessary for
operation of a parking deck to be associated with the Market
Place project. Specifically, the Board states its intent to
loan funds in an amount sufficient to cover projected
operating deficits for the first five years of operation of
the deck with the understanding that all funds loaned will
be repaid with interest after the five year period.
SECTION 3. This resolution will be in full force and
effect from and after its adoption.
ADOPTED: December 4, 1984
ATTEST: *Ittey i �/� APPROVED:
61 rk Jane Czech Mayor J. Benafield
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RESOLUTION NO.
7,296
1 v
A RESOLUTION EXPRESSING THE INTENT OF
THE CITY OF LITTLE ROCK BOARD OF
DIRECTORS TO PROVIDE ASSISTANCE TO THE
PARKING AUTHORITY.
WHEREAS, the City of Little Rock Board of Directors has
previously declared parking problems in the central
Little Rock area to be a major concern; and
WHEREAS, recent studies have documented the shortage in
available parking spaces in the downtown area; and
WHEREAS, plans are currently underway for construction
of two decks to serve the needs of the downtown area.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF
LITTLE ROCK BOARD OF DIRECTORS.
SECTION 1. The Board hereby declares its intent to
make available one -half of the property commonly known as
Block 3 to the Parking Authority for construction of a
parking deck to serve the Statehouse Convention Center and
the north end of Main Street.
SECTION 2. The Board of Directors hereby declares its
intent to provide financial assistance necessary for
operation of a parking deck to be associated with the Market
Place project. Specifically, the Board states its intent to
loan funds in an amount sufficient to cover projected
operating deficits for the first five years of operation of
the deck with the understanding that all funds loaned will
be repaid with interest after the five year period.
SECTION 3. This resolution will be in full force and
effect from and after its adoption.
ADOPTED: December 4, 1984
ATTEST: *Ittey i �/� APPROVED:
61 rk Jane Czech Mayor J. Benafield