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0 • 287
ORDINANCE NO. 16,078
AN ORDINANCE APPROPRIATING $10,500 FROM THE
ECONOMIC DEVELOPMENT FUND TO PAY FOR FINANCIAL
ADVISOR SERVICES RELATED TO PROJECT-2000 BOND
FINANCING; AND AUTHORIZING THE CITY MANAGER
TO ENTER INTO A CONTRACT WITH PUBLIC FINANCIAL
MANAGEMENT, INC., TO PROVIDE SAID SERVICES.
WHEREAS, the City is desirous of obtaining the services of
a financial advisor in connection with the financing of various
capital and economic development projects for the Project -2000;
and
WHEREAS, pursuant to Ordinance 15,221, a Request for
Proposal dated May 30, 1991, was issued for a contract to provide
financial advisory services relative to the Project -2000 bond
issue; and
WHEREAS, an independent Review Committee appointed pursuant
to City ordinance reviewed the proposals and selected Public
Financial Management, Inc. as the most qualified provider.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: There is hereby appropriated $10,500 from the
Economic Development Fund to pay for financial advisory services
related to Project -2000 bond financing.
SECTION 2: The City Manager is authorized to enter into a
contract with Public Financial Management, Inc. to provide
financial advisory services in an amount not to exceed $10,500 for
fee and expenses rendered prior to the October 8 bond election;
and $58,000 for services rendered following the election.
PASSED: August 6, 1991
APPROVED AS TO FORM:
THOMAS M. CARPENTMv
CITY ATTORNEY
"PROVED:
• i.,. i • li MAYOR
0C-2