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RESOLUTION NO, 6,885
A RESOLUTION DECLARING THE INTENT OF THE
CITY OF LITTLE ROCK, ARKANSAS TO BUDGET
AND APPROPRIATE FUNDS FOR THE YEAR 1983
TO BE USED IN DEFRAYING THE COST OF THE
PUBLIC MASS TRANSPORTATION SYSTEM OWNED
BY THE CITY OF LITTLE ROCK, ARKANSAS;
AND FOR OTHER PURPOSES.
WHEREAS, for the calendar and fiscal year 1983,
Pulaski County, North Little Rock, Arkansas, and Little Rock,
Arkansas, being the owners of the public mass transportation
system serving Little Rock and other areas of Pulaski County,
have each declared their intent to appropriate revenue to be
used to sustain and support the said system respectively in
the amounts of THREE HUNDRED THOUSAND DOLLARS ($300,000.00),
THREE HUNDRED THOUSAND DOLLARS ($300,000.00); and SIX HUNDRED
THOUSAND DOLLARS ($600,OOO.n0); and
WHEREAS, Pulaski County, the City of North Little
Rock and the City of Little Rock all recognize the continuing
need for public financial support to the said system; and
WHEREAS, the Urban Mass Transportation Administration
of the United States Department of Transportation has advised
that commitments to provide public financial support to the
system in advance of legal appropriations would be accepted by
that agency allowing processing of applications for federal
funds and grant contracts prior to January 1 of the year in
which funds are to be paid, thus expediting the receipt of
such funds by the operating agency; and
WHEREAS, Pulaski County, the City of North Little
Rock and the City of Little Rock desire to take every feasible
affirmative action in an effort to obtain federal grant monies
at the beginning of each year rather than at the end of each
year, thus hopefully avoiding the need for the system to
• ,•
periodically borrow money for operating purposes.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors
of the City of Little Rock, Arkansas:
Section 1. The City of Little Rock, Arkansas hereby
declares its intent to budget and appropriate not less than the
sum of SIX HUNDRED THOUSAND DOLLARS ($600,000.00) for the year
1983 to be used in defraying the cost of operating the public
mass transportation system owned by the City of Little Rock,
Arkansas and Pulaski County, Arkansas and serving the areas of
Little Rock and other areas of Pulaski County, Arkansas.
Section 2. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: November 2, 1982
ATTEST: APPROVED:
ity rYK Mayor