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RESOLUTION NO. 12,098
2 A RESOLUTION TO APPROVE THE USE OF UP TO $260,000 IN
3 2004 BOND PROGRAM CAPITAL FUNDS FOR A NEW ROAD
4 TO SERVE THE LITTLE ROCK PORT'S DOCK; AND FOR
5 OTHER PURPOSES.
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WHEREAS, voters in 2003 voted to continue a long- assessed property tax for
the purpose of funding a Capital Improvement Program, and
WHEREAS, the Capital Improvement Program allocated $1,000,000 for Street
Improvements for Economic Development, and
WHEREAS, the Little Rock Port Improvement District has requested and the
Project Progress Committee has endorsed up to $260,000 of the Economic Development
Funds to be used for a new road to serve the dock area, as well as Agrilliance Fertilizer
and River Cement;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. The City Manager is authorized to execute a Memorandum of
Agreement with the Little Rock Port Improvement District and to spend up to $260,000
in 2004 Bond Capital Improvement Funds for a new road to serve the dock area, as well
as Agrilliance Fertilizer and River Cement.
Section 2. Funding for the project is available from Account No. 314 -220-
SR21.
Section 3. This resolution shall be in full force and effect from and after the
date of its adoption.
ADOPTED: September 20, 2005
Resolution
To approve road to serve Little Rock Port's Dock
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ATTEST:
N ki S. Blocker, Assistant City Clerk
For Nancy Wood, City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Ahbmey
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Resolution
To approve road to serve Little Rock Port's Dock
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APPROVED:
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Ji ailey, Mayor