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RESOLUTION NO. 12,762
3 A RESOLUTION APPROVING THE ISSUANCE BY THE CITY OF LITTLE
4 ROCK, ARKANSAS (HEIFER PROJECT INTERNATIONAL) PUBLIC
5 FACILITIES BOARD OF NOT TO EXCEED $20,000,000 IN AGGREGATE
6 PRINCIPAL AMOUNT OF REVENUE BONDS.
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8 WHEREAS, a public hearing has been held before the Board of Directors of the City of
9 Little Rock, Arkansas, on this date regarding the issuance of not to exceed $20,000,000 principal
10 amount of revenue bonds by the City of Little Rock, Arkansas (Heifer Project International)
I1 Public Facilities Board following the publication of notice of public hearing in the Arkansas
12 Democrat - Gazette, a newspaper of general circulation in the City, on August 29, 2008; and
13 WHEREAS, the Board of Directors of the City has determined that the public purposes
14 for which the Bonds are to be issued serve a proper need;
15 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
16 CITY OF LITTLE ROCK, ARKANSAS:
17 Section 1. The issuance of revenue bonds by the City of Little Rock, Arkansas (Heifer
18 Project International) Public Facilities Board in principal amount not to exceed $20,000,000 for
19 the purpose of financing and refinancing capital improvement facilities located at 1 World
20 Avenue, Little Rock, AR 72201, to be owned and used by Heifer Project International for its
21 nonprofit purposes, is hereby authorized within the meaning of Section 147(f) of the Internal
22 Revenue Code of 1986, as amended, and the Revenue Bond Act of 1987, Arkansas Code
23 Annotated §§ 19 -9 -601 et seq.
24 Section 2. This Resolution is adopted solely for the purpose of complying with the
25 provisions of the Internal Revenue Code and the Revenue Bond Act and that by the adoption of
26 this Resolution, the City has not assumed any direct or indirect financial responsibility for the
27 payment of the bonds.
28 Section 3. This Resolution shall be in full force and effect from and after its adoption.
[Pagel of 2]
Resolution
Setting a approving 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
I ADOPTED: September 16, 2008
2 ATTEST:
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5 Nat ki S. Blocker, Assistant City Clerk
6 For Nancy Wood, City Clerk
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APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, CityAttorney
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[Page 2 of 2]
APPROVED:
/"X, x 1',"6- -
Mark Stodola, Mayor