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RESOLUTION NO. 7,666
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS ENDORSING
THE DEVELOPMENT OF A MULTI - PURPOSE PERFORMING
ARTS COMPLEX FOR THE ARKANSAS REPERTORY
THEATRE AND SHOWING A SPECIFIC INTENT TO
ASSIST IN FINANCING SAID DEVELOPMENT
PROJECT.
WHEREAS, it is deemed necessary and desirable and in
furtherance of the public interest and welfare to preserve
and protect and to encourage private efforts to restore,
preserve and protect sites and structures of historic and
architectural interest and significance in the City of
Little Rock; and
WHEREAS, the revitalization of the Central Business
District is necessary to preserve and protect existing
historic and architecturally significant sites and
structures and to promote continued economic development and
advancement of the arts, and
WHEREAS, the Arkansas Repertory Theatre has proposed a
$2.9 million renovation of the Historic Galloway Building
for a new theatre which will include restoring the facade,.
interior public spaces and seating and performance areas,
and
WHEREAS, the passage of the 1987 Bond Issue included
funds to assist in the restoration of facades in the Central
Business District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Arkansas Repertory Theatre project
shall be endorsed by the City of Little Rock and a grant of
up to $250,000 shall be made available to the Arkansas
Repertory Theatre to assist in the completion of the
proposed $2.9 million multi - purpose performing arts complex
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subject to appropriate compliance with the rules and
regulations of the facade program upon their promulgation.
SECTION 2. The City Manager is authorized to commit to
sign documents showing the intent of the Little Rock Board
of Directors to provide said $250,000 upon completion of the
sale of the aforementioned bonds and upon compliance with
the rules and regulations of the facade program.
SECTION 3. This Resolution shall be in full force and
effect from and after its passage and approval.
ADOPTED: January 19, 1988
ATTEST: APPROVED _
ty Clerk n ane Czech "or Lo tie Sh kelford
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APPROVED AS TO FORM
Stodola, City Attorney
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