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RESOLUTION NO. 7,082
A RESOLUTION APPROVING THE ISSUANCE BY METROCENTRE
IMPROVEMENT DISTRICT NO. 1 OF: THE
CITY OF LITTLE ROCK, ARKANSAS OF ITS
$540,000 REVENUE BONDS
(GOLD PROJECT)
WHEREAS, the Board of Commissioners of Metrocentre
Improvement District No. 1 of the City of Little Rock,
Arkansas (the "District ") has approved the issuance of the
District's $540,000 Revenue Bonds (Gold Project), (the
"Bonds"), following a public hearing on the question of the
issuance of the Bonds held on October 26, 1983; and
WHEREAS, pursuant to the provisions of the Taxpayers'
Equity and Fiscal Responsibility Act of 1982 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 the Bonds
be and the same is hereby approved.
2. That this Resolution is adopted solely for the
purpose of complying with the provisions of the Taxpayers'
Equity and Fiscal Responsibility Act of 1982, 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: November 1, 1983
ATTEST:
City Clerk Jane Czech
Mayor J. W. Benafield
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