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HomeMy WebLinkAbout11-11-92181 Board of Directors Chamber Little Rock, Arkansas November 11, 1992 - 1:40 P.M. The Board of Directors of the City of Little Rock, Arkansas reconvened from the November 4, 1992 regular meeting with Mayor Sharon Priest presiding. City Clerk Robbie Hancock called the roll with the following Directors present: Directors Hollingsworth, Lewellen, Shackelford, Dailey and Catlett - total 5; Absent - Director Roy - total 1. With a quorum present, Mayor Priest declared the Board of Directors in session. The purpose of the reconvened meeting was to hold a public hearing and consider a Resolution approving the issuance of Multifamily Housing Refunding Revenue Bonds for the Pleasant Ridge Apartments Project by the Residential Housing and Public Facilities Board. Mayor Priest declared the public hearing open. Attorney Jane Dickey explained the proposal to issue the refunding bonds to extend the maturity. Mayor Priest declared the public hearing closed, and Resolution No. 8,819 was presented, with the title being: A RESOLUTION APPROVING THE ISSUANCE BY THE CITY OF LITTLE ROCK, ARKANSAS RESIDENTIAL HOUSING AND PUBLIC FACILITIES BOARD OF NOT TO EXCEED $6,700,000 PRINCIPAL AMOUNT OF ITS MULTIFAMILY HOUSING REFUNDING REVENUE BONDS (PLEASANT RIDGE APARTMENTS PROJECT), SERIES 1992; and the Resolution was read in full. There was a motion by Director Lewellen, seconded by Director Dailey, to adopt the Resolution, and the Resolution was adopted unanimously by voice vote of the Board Members present. Consideration was then given to Ordinance No. 16,301, entitled: AN ORDINANCE APPROPRIATING $173,500 FROM THE SPECIAL PROJECTS FUND BALANCE TO THE FIGHTING BACK PROGRAM; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES; City Manager Tom Dalton explained the appropriation, stating that the contract with Arkansas Blue Cross Blue Shield for the Fighting Back, Insure the Children Program called for quarterly payments of $93,500 over the course of this school year. The City has made one premium payment with some private donations and a no- interest loan from Twin City Bank. That note is due November 15, 1992, and the second premium is due November 30, 1992, to Blue Cross Blue Shield in the amount of $93,500. The payments cannot be made by fund raising efforts, which are geared toward the end of this year and early next year. Blue Cross Blue Shield has proposed a series of options, which would reduce the cost of the program for the remainder of the year. Levels 3 and 4 have been the costly part of the program. He recommended that the City proceed to make an appropriation to cover the note and the second quarter payment and then amend the contract for the remainder of the year to utilize Option III, which will reduce the in- patient coverage down to 30 days for levels 3 and 4 with a maximum of $125.00 per day for the cost of that coverage. He stated he would not recommend any more payments from City funds this school year. That would require raising the remaining $90,000 through fund raising efforts. At the end of the school year officials of Fighting Back and Blue Cross Blue Shield and other service providers should decide where to go from here. The program needs a dedicated source of revenue. Ms. Wendy Salaam, Executive Director of Fighting Back, answered questions from Board Members. Following the presentation and discussion, the IM Minutes Novenber 11, 1992 Ordinance was read the first time and placed on second reading by motion and second from Directors Shackelford and Dailey, respectively, to suspend the rules to allow for the second reading. The motion was unanimously adopted by the Board Members present, being six in number and two - thirds or more of the members of the Board of Directors - elect, and a second reading of the Ordinance followed. The rules were again suspended and the Ordinance placed on third and final reading by a motion made and seconded by Directors Catlett and Dailey, respectively, and unanimously adopted by the Board Members present, being six in number and two - thirds or more of the members of the Board of Directors- elect. Following the third and last reading of the Ordinance, there was an Aye and No Vote taken on the question, Shall the Ordinance Pass, with the response being: Ayes - Mayor Priest, Directors Hollingsworth, Lewellen, Shackelford, Dailey and Catlett - total 6; Noes - None; Absent - Director Roy - total 1. The Emergency Clause contained in Section 3 of the foregoing Ordinance was then read and adopted by the following roll call vote: Ayes - Mayor Priest, Directors Hollingsworth, Lewellen, Shackelford, Dailey and Catlett - total 6; Noes - None; Absent - Director Roy - total 1. Therefore, the ordinance, together with the Emergency Section, was then declared PASSED. At 2:00 o'clock P.M. Mayor Priest announced that the Board of Directors would recess to executive session in the Board's Conference Room, for the purpose of considering appointments and reappointments to various Boards and Commissions. When the Board of Directors reconvened at 2:18 o'clock P.M. from executive session, Mayor Priest presided and the following Directors were present: Directors Lewellen, Shackelford and Catlett - total 3; Absent - Directors Roy, Hollingsworth and Dailey - total 3. Resolution No. 8,820 was then presented, with the title being: A RESOLUTION MAKING APPOINTMENTS AND REAPPOINTMENTS TO THE ARKANSAS ARTS CENTER BOARD OF TRUSTEES, LITTLE ROCK PLANNING COMMISSION AND THE CITY BEAUTIFUL COMMISSION; (Arts Center - Dr. Ruth Simmons Herts appointed; City Beautiful - Merlin Seamon reappointed; Planning Commission - Joe Selz, Jim VonTungeln and Bradley Walker reappointed.) and there was a complete reading of the Resolution, A motion was made by Director Lewellen, seconded by Director Catlett, that the Resolution be adopted. The Resolution was adopted by unanimous voice vote of the Board Members present. There being no further business to be presented, Mayor Priest declared the meeting adjourned at 2:20 o'clock P.M. to meet again in regular session on Tuesday, November 17, 1992, at 6:00 o'clock P.M. ATTEST: City Clerk Robbie Hancock APPRO D: Mayor Sharon Priest