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RESOLUTION NO. 13,444
A RESOLUTION TO AUTHORIZE THE MAYOR TO ISSUE A LETTER
OF SUPPORT TO THE ARKANSAS DEVELOPMENT FINANCE
AUTHORITY FOR HOME FUNDS, FOR THE CONSTRUCTION OF TEN
(10) HOMES IN THE LITTLE NORTH FORK SUBDIVISION, IN THE
CITY OF LITTLE ROCK, ARKANSAS; AND FOR OTHER PURPOSES.
WHEREAS, a proposed project has been submitted for the construction of ten (10) new homes in the
Little North Fork Subdivision and has been reviewed in accordance with the City's process, and
WHEREAS, the project is to be financed through HOME Funds issued to the Arkansas Development
Finance Authority, which has requested a letter of support from the Mayor before the project can be
approved for tax - exempt bond financing with tax credits.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
OF LITTLE ROCK, ARKANSAS:
Section 1. The Board of Directors hereby authorizes the Mayor to issue a letter of support for the
construction of ten (10) new homes in the Little North Fork Subdivision, through HOME Funds issued by
the Arkansas Development Finance Authority.
Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
resolution.
Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
Section 4. This resolution shall be in full force and effect from and after its adoption.
ADOPTED: February 7, 2012
ATTES
y, City Clerk
AS TO LEGAL FORM:
Thomas M. Carpenter, City Attorney
APPROVED:
Mark Stodola, Mayor