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RESOLUTION NO. 7,033
A RESOLUTION APPROVING THE ISSUANCE BY
METROCENTRE IMPROVEMENT DISTRICT NO. 1 OF
THE CITY OF LITTLE ROCK, ARKANSAS, OF ITS
$5,336,000 REVENUE BONDS (LAFAYETTE
PROJECT), SERIES 1983
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WHEREAS, the Board of Commissioners of Metrocentre
Improvement District No. 1 of the City of Little Rock, Arkansas
(the "District ") will consider the approval of the issuance of
the District's $51336,000 Revenue Bonds (Lafayette Project),
Series 1983 (the "Bonds ") , following a public hearing on the
question of the issuance of the Bonds which was held on June
22, 1983; and
WHEREAS, pursuant to the provisions of the Tax Equity and
Fiscal Responsibility Act of 1983 it is necessary for federal
income taxation purposes that the issuance of the Bonds be
approved by the Board of Directors of the City of Little Rock,
Arkansas; and
WHEREAS, the Board of Directors of the City of Little
Rock, Arkansas, has determined that the public purposes for
which the Bonds are to be issued serve a proper need;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
1. That the issuance by the District of its $5,336,000
Revenue Bonds (Lafayette Project), Series 1983, be and the same
is hereby approved.
2. That this Resolution is adopted solely for the purpose
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of complying with the provisions of the Tax Equity and Fiscal
Responsibility Act of 1983, and by the adoption of this
Resolution the City of Little Rock has not assumed any direct
or indirect financial responsibility for the payment of the
Bonds.
3. That this Resolution shall be in effect from and after
its passage and approval.
ADOPTED: July 19, 1983.
APPROVED:
J. W. Benefield, M yor
ATTE
Jane zech, Cit Clerk
(SEAL)
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