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HomeMy WebLinkAbout169551 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 0 • NO. 16,955 AN ORDINANCE AUTHORIZING THE ALLOCATION AND EXPENDITURE OF FUNDS FOR RIVERFRONT PARR, THE NEIGHBORHOOD ALERT CENTERS AND RELATED IMPROVEMENTS FUNDED UNDER THE HUD SPECIAL PURPOSE GRANT. WHEREAS, the City of Little Rock is entitled to receive $1,700,000 under Public Law 103 -327, the Appropriations Act for 1995, directing the U.S. Department of Housing and Urban Development to provide funds designated for Special Purpose Grants; and WHEREAS, the Board of Directors must authorize these expenditures; and WHEREAS, the Board of Directors is desirous that these funds be used for the development of Riverfront Park, the Neighborhood Alert Centers, and related improvements. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager or his designee is authorized to expend up to $1,700,000 as shown on Exhibit "A" attached hereto. SECTION 2. This Ordinance shall be in full force and effect from and after its passage. PASSED: august 15, 1995 ATTEST: A �llCJ3 d ROB HANCO R Q CITY CLERK APPROVED AS TO FORM: THOMAS M. CARPENTER CITY ATTORNEY APPROVED: — W&/� JI ILEY l rig • EXHIBIT "A" 31 HUD SPECIAL PURPOSE GRANT PUBLIC LAW 103 -327, THE APPROPRIATIONS ACT FOR 1995 GRANT NO. AR 37SPG503 New West Baseline Alert Center Purchase and Renovation 146,000 New Oak Forest Alert Center Construction 81,000 New Alert Center East of Broadway Lot acquisition, Construction, and parking 147,000 Existing Alert Centers Improvements and Operations 76,000 Alert Center Grant Administration, legal, permit fees, etc 50,000 Riverfront Park, Infrastructure, River Market, and related Improvements including Maintenance, Operations and Administration Costs. 1,200,000 Total Grant Award _ 1,700,000