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RESOLUTION NO. 12,729
3 A RESOLUTION TO SET SEPTEMBER 16, 2008, AS THE DATE FOR A
4 PUBLIC HEARING ON THE ISSUANCE OF UP TO $20,000,000 IN REVENUE
5 BONDS FOR HEIFER PROJECT INTERNATIONAL BY THE CITY OF
6 LITTLE ROCK, ARKANSAS (HEIFER PROJECT INTERNATIONAL) PUBLIC
7 FACILITIES BOARD; AND FOR OTHER PURPOSES.
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9 WHEREAS, the Public Facilities Boards Act (Ark. Code Ann. § 14- 137 -101 et seq) permits
10 public facilities boards to issue revenue bonds for the purpose of capital improvement facilities;
11 and
12 WHEREAS, Heifer Project International has proposed the issuance of up to $20,000,000
13 in revenue bonds by the City of Little Rock, Arkansas (Heifer Project International) Public
14 Facilities Board for the purpose of financing and refinancing capital improvement facilities located
15 at 1 World Avenue, Little Rock, Arkansas 72201, for use by Heifer Project International for its
16 nonprofit purposes; and
17 WHEREAS, the Internal Revenue Code of 1986, as amended, and the Revenue Bond Act
18 of 1987 (Ark. Code Ann. § 19 -9 -601 et seq.) require public approval by the governmental unit on
19 behalf of which bonds are issued, following a public hearing for which reasonable public notice
20 was provided;
21 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
22 CITY OF LITTLE ROCK, ARKANSAS:
23 Section 1. A public hearing on the question of issuance of up to $20,000,000 of revenue
24 bonds by the City of Little Rock, Arkansas (Heifer Project International) Public Facilities Board
25 to be used for the purpose of financing and refinancing capital improvement facilities located at 1
26 World Avenue, Little Rock, Arkansas 72201, for use by Heifer Project International for its nonprofit
27 purposes, shall be held at 6:00 P.M., or as soon as the item can be dealt with on the regular
28 agenda of the Board of Directors, on Tuesday, September 16, 2008, during the regular meeting
[PAGE 1 OF 21
Resolution
Setting a public hearing on the issuance of up to $20,000,000 of
revenue bonds for Heifer Project International by the Little
Rock (Heifer Project International) Public Facilities Board
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of the Little Rock Board of Directors in the Board Meeting Room on the second floor of City
Hall, 500 West Markham, Little Rock, Arkansas, and all persons who wish to be heard on this
issue shall be given the opportunity to comment.
Section 2. At the conclusion of the public hearing, the Board of Directors may act to
adopt, modify, or amend a resolution to authorize the issuance of the bonds referred to in
Section 1 by the Public Facilities Board.
ADOPTED: August 4, 2008
ATTEST: APPROVED:
W
Na4y Wood, City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, Ci Attorney
[PAGE 2 OF 2]
Mark Stodola, Mayor