HomeMy WebLinkAbout05-29-98193
Board of Directors Room
City Hall - 500 W. Markham
Little Rock, Arkansas
May 29, 1998 - 4:05 P.M.
The Board of Directors of the City of Little Rock, Arkansas, met in special
session with Mayor Jim Dailey presiding. City Clerk Robbie Hancock called the roll
with the following Directors in attendance: Directors Hinton, Hodges, Cazort, Joyce,
Wyrick, Kumpuris, and Kelly - total 7; Absent - Directors Wilson, Keck, and Adcock -
total 3.
With a quorum present, Mayor Dailey declared the Board of Directors in session
and stated the purpose of the special meeting was to confirm the sale of City of Little
Rock, Arkansas Capital Improvement Revenue Bonds (Parks and Recreation
Projects). The Acknowledgment of the Notice of Special Meeting signed by the
Directors in attendance was filed with the City Clerk.
The Invocation was given by Mayor Dailey, followed by the Pledge of
Allegiance.
Consideration was then given to Resolution No. 10,281, entitled:
A RESOLUTION CONFIRMING THE SALE OF CAPITAL
IMPROVEMENT REVENUE BONDS AUTHORIZED PURSUANT TO
ORDINANCE NO. 17,690 OF THE ORDINANCES OF THE CITY OF LITTLE
ROCK AND PRESCRIBING OTHER MATTERS RELATING THERETO. (Re:
Parks and Recreation /Zoo Improvements and Clinton Presidential Library Land
Acquisition)
Following the reading of the Resolution, City Manager Cy Carney stated that Stephens,
Inc., the City's bond underwriter, successfully marketed the $16,405,000 Parks and
Recreation Capital Improvement Revenue Bonds, which includes Zoo improvements,
golf course improvements, and the land acquisition for the Clinton Presidential Library.
Mr. Carney expressed appreciation to the firms of Stephens, Inc. (bond underwriter);
Wright, Lindsey and Jennings Law Firm (bond counsel); and the Rose Law Firm
(underwriter's counsel); and recommended that the Mayor and Board of Directors adopt
the Resolution. Director Hinton then moved for the adoption of the Resolution. Director
Cazort seconded the motion, and the Resolution was unanimously adopted by the Board
Members present.
Director Hinton felt this action was important enough to call President Clinton;
therefore, Mayor Dailey asked Board Members to join him in the Mayor's office after the
meeting was adjourned and he would place a call to President Clinton in Washington,
DC.
There being no further business to be presented, the special meeting was
adjourned at 4:10 o'clock P.M.
ATTEST: APPROVED:
Qom—
"CA, NC
City Clerk Robbie Hancock ayor Jim Dailey
NOTE: Director Adcock arrived after the Special Meeting was adjourned, and asked the
City Clerk to note in the record that she would have voted "Aye" had she been present for
the vote.
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