HomeMy WebLinkAbout05-26-93336
Board of Directors Chamber
Little Rock, Arkansas
May 26, 1993 - 1:40 P.M.
The Board of Directors of the City of Little Rock, Arkansas
reconvened from the May 18, 1993 regular meeting with Mayor
Dailey presiding. In the absence of City Clerk Robbie Hancock,
Assistant City Clerk Vanessa Sykes called the roll with the
following Directors present: Directors Priest, Lewellen, Mason
and Adcock - total 4; Absent - Directors Roy and Sharp - total 2.
With a quorum present, Mayor Dailey declared the Board of
Directors in session and announced the purpose of the reconvened
meeting was to consider an Ordinance authorizing the issuance of
Industrial Development Revenue Bonds for the USF Yeast Company,
and to discuss the proposed annexations, and make appointments to
various Boards and Commissions.
Mayor Dailey also stated that at 2:30 o'clock P.M. the Board
of Directors would recess to hear a presentation regarding the
Mosaic Templars Building, after which the reconvened meeting
would continue.
(Director Roy enrolled at 1:42 o'clock p.m.)
Mr. Paul Tischler, President of Tischler and Associates,
made a lengthy presentation with slides regarding growth
management and annexation policies. (NOTE: Resolution No. 8,702
authorized an agreement with Tischler and Associates to provide
services in connection with the Future Little Rock Steering
Committee and the development of City goals (technical
statistics) for the future of the City of Little Rock.)
Mr. Tischler referred to two of his reports: (a) the
Economic Market Assessment, issued February, 1992; and (b) the
Fiscal Impact Analysis Development Alternative, issued December
1992. He discussed development trends, opportunities,
constraints, alternatives, etc., which pertain to growth
management and the annexation issues.
At 2:30 Mayor Dailey interrupted Mr. Tischler's
presentation, and there was a brief discussion during which the
Board of Directors agreed to take action on the Kinco Annexation
and defer the Spring Valley Manor and Elgore Annexations until
June 1, 1993. (Director Priest stated she had to leave and would
like to have the Kinco Annexation Ordinance considered before the
Board recessed to hear the Mosiac Templars presentation.)
Consideration was then given to Ordinance No. 16,425,
entitled:
AN ORDINANCE ACCEPTING THE ANNEXATION OF CERTAIN LANDS TO
THE CITY OF LITTLE ROCK, ARKANSAS, AND MAKING SAME A PART OF THE
CITY OF LITTLE ROCK;
(Kinco Annexation - 5.626+ acres about 1000' east of the
intersection of Chenal Parkway and Kanis Road.)
and the Ordinance was read the second time (having been read the
first time on May 18, 1993). There was a motion by Director
Priest, seconded by Director Roy, to suspend the rules and place
the Ordinance on third and final 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 the Ordinance was read the third and last
time. The Aye and No Vote taken on passage of the Ordinance is
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May 26, 1993
337
recorded as follows: Ayes - Directors Priest, Roy, Lewellen,
Mason, Mayor Dailey, and Director Adcock - total 6; Noes - None,
Absent - Director Sharp - total 1. Whereupon, the Ordinance was
declared PASSED.
(Director Priest was excused at 2:32 o'clock P.M.)
Mayor Dailey recessed the Board of Directors reconvened
meeting at 2:34 o'clock P.M. in order to hear the presentation
regarding the Mosaic Templars Building at 9th and Broadway which
was scheduled for the regular Agenda Meeting. (The Mosaic
Templers presentation had been deferred from the May 12, 1993
Agenda meeting.)
When the Board of Directors reconvened at 3:35 o'clock P.M.,
Mayor Dailey presided and the following Directors were present:
Directors Roy, Lewellen, Mason, and Adcock - total 4; Absent -
Directors Priest and Sharp - total 2.
Consideration was then given to Ordinance No. 16,426, with
the title being:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR THE PURPOSE OF PROVIDING PERMANENT
FINANCING FOR INDUSTRIAL FACILITIES; AUTHORIZING TWO BOND
PURCHASE AGREEMENTS PROVIDING FOR THE SALE OF THE BONDS;
AUTHORIZING A TRUST INDENTURE SECURING THE BONDS; AUTHORIZING A
GROUND LEASE AGREEMENT AMONG THE CITY OF LITTLE ROCK, ARKANSAS,
AS LESSOR, THE LITTLE ROCK PORT AUTHORITY, AND USF YEAST COMPANY,
AS LESSEE; AUTHORIZING A LEASE AGREEMENT BETWEEN THE CITY OF
LITTLE ROCK, ARKANSAS, AS LESSOR, AND USF YEAST COMPANY, AS
LESSEE; AUTHORIZING A PAYMENT IN LIEU OF TAXES AGREEMENT BETWEEN
THE CITY AND USF YEAST COMPANY; AUTHORIZING AN INDUSTRIAL
CUSTOMER CONTRACT BETWEEN USF YEAST COMPANY AND THE LITTLE ROCK
SANITARY SEWER COMMITTEE AND THE LITTLE ROCK WASTEWATER UTILITY;
AUTHORIZING AND PRESCRIBING OTHER MATTERS PERTAINING THERETO; AND
DECLARING AN EMERGENCY;
(See Minutes of May 18, 1993, for public hearing; Ordinance was
deferred until May 26, 1993.)
and the Ordinance was read the first time. There was a motion by
Director Roy, seconded by Director Adcock, to suspend the rules
and place the Ordinance on second reading. The motion was
unanimously adopted by the Board Members present, being five in
number and two - thirds or more of the members of the Board of
Directors - elect, and the second reading of the Ordinance ensued.
There was a subsequent motion by Director Roy, seconded by
Director Mason, to suspend the rules and place the Ordinance on
third and final reading, which was unanimously adopted by the
Board Members present, being five in number and two - thirds or
more of the members of the Board of Directors - elect, and the
Ordinance was read the third and last time. The Aye and No Vote
taken on passage of the Ordinance is recorded as follows: Ayes -
Directors Roy, Lewellen, Mason, Mayor Dailey, and Director Adcock
- total 5; Noes - None; Absent - Directors Priest and Sharp -
total 2.
The Emergency Clause contained in Section 13 of the
foregoing Ordinance was then read and adopted by the following
roll call vote: Ayes - Directors Roy, Lewellen, Mason, Mayor
Dailey, and Director Adcock - total 5; Noes - None; Absent -
Directors Priest and Sharp - total 2. Therefore, the Ordinance,
together with the Emergency Section, was then declared PASSED.
Introduced next was Resolution No. 8,918, entitled:
A RESOLUTION AUTHORIZING THE APPOINTMENT OF BOND COUNSEL BY
THE ADVERTISING AND PROMOTION COMMISSION FOR THE REFINANCING OF
CONVENTION CENTER BONDS; AND FOR OTHER PURPOSES; (Rose Law Firm)
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Minutes
May 26, 1993
and the Resolution was read in full. Mr. Wally Allen, Chairman
of the Advertising and Promotion Commission, answered questions
by Board Members. There was a motion by Director Roy, seconded
by Director Lewellen, that the Resolution be adopted, and the
Resolution was adopted by unanimous voice vote of the Board
Members present.
The next presentation was Resolution No. 8,919, which did
not appear on the Agenda but was added at the request of the
Little Rock Advertising and Promotion Commission via City
Attorney Tom Carpenter, with the title being:
A RESOLUTION APPOINTING T. J. RANEY /LEHMAN BROTHERS TO SERVE
AS THE UNDERWRITER FOR A BOND REFINANCING FOR HOTEL AND GROSS
RECEIPTS TAX BONDS (LITTLE ROCK CONVENTION CENTER REFUNDING
SERIES 1986 BONDS); AND FOR OTHER PURPOSES;
and the Resolution was read in full. There was a motion by
Director Roy, seconded by Director Lewellen, that the Resolution
be adopted, and the Resolution was adopted by unanimous voice
vote of the Board Members present.
City Attorney Tom Carpenter filed with the Assistant City
Clerk the Resolution from the Advertising and Promotion
commission recommending and encouraging the Board of Directors to
engage a bond underwriter and bond counsel in connection with
refinancing the Hotel and Gross Receipts Tax Bonds (Little Rock
Convention Center Refunding Series 1986 Bonds). (See Resolutions
No. 8,918 and 8,919 above.)
The proposed Resolution making appointments and
reappointments to various Boards and Commissions was deferred
until June 1, 1993, due to the absence of Directors Priest and
Sharp.
Mr. Paul Tischler then continued his presentation and �-
responded to questions by the Board of Directors.
Mrs. Kathy Wells, Vice President for Public Safety for the
Coalition of Little Rock Neighborhoods, distributed a written
statement to Board Members and then spoke briefly. She
emphasized that the Board should have a policy that when the City
annexes territory, it adds police protection for that territory.
Mr. Jim Lynch, Vice President for Planning Issues of the
Coalition of Little Rock Neighborhoods, and a member of the
Future Little Rock Steering Committee, also distributed a
prepared statement to the Board of Directors and spoke at length.
He stated that the City does not have a growth problem, it has a
relocation problem, relocating from east Little Rock to west
Little Rock. He stated that in the last thirty (30) years the
City has annexed 55,000 acres, and in 1976 the City Board said
the City would have the same development standards everywhere and
promote the same quality of life, but the neighborhood
organizations don't see a balanced approach and that is their
primary objection to the annexation (referring to the Spring
Valley Manor annexation).
Mr. Mark Spradley, attorney for the petitioners of the
Spring Valley Manor annexation, spoke briefly regarding the
annexation and the problems of Sewer Improvement District No. 239
and its need to improve its sewer system by receiving sewer
service from the City of Little Rock. He closed by urging the
Board of Directors to favorably consider and accept the
annexation of Spring Valley Manor.
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Minutes
May 26, 1993
Mr. Bill Dean, engineer for Sewer Improvement District No.
239 (Spring Valley Manor), distributed printed information of
some facts and figures concerning the cost of the project, how it
would be funded, the linear foot of line footage involved, etc.
to tie -in to the Little Rock sanitary sewer system.
Mr. Reggie Corbitt, Manager of Little Rock Wastewater
Utility, responded to questions by Directors Roy and Lewellen,
regarding the areas served by the Little Rock Wastewater Utility
and the current capacity of sewer service. Mr. Corbitt stated
that serving the Spring Valley Manor area would not be a problem
as far as capacity is concerned.
Mr. Paul Tischler made a follow -up statement regarding
fiscal impact density changes, intervention strategies, etc., and
answered questions by the Board of Directors.
Mr. Jim Lawson, Director of Neighborhoods and Planning,
responded to questions by Director Lewellen.
Due to the need to adjourn the reconvened meeting and
discuss Agenda items for the next Board Meeting, Mayor Dailey
deferred any further questions or comments until the Board of
Directors Meeting on Tuesday, June 1, 1993.
There being no further business to be presented, the
reconvened meeting was adjourned at 4:55 o'clock P.M., with the
Board of Directors to meet again in regular session on Tuesday,
June 1, 1993, at 6:00 o'clock P.M.
APPROVED: ATTEST:
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<2 ,Ltz, ..� CA, i -_ City Clerk Robbie Hancock Ma r Jim Dailey
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