HomeMy WebLinkAbout14060ORDINANCE 110 . 14,060
AN ORDINANCE APPROPRIATING $635,000.00 FROM
THE 1977 CAPITAL IMPROVEMENT FUND AND INTEREST
EARNED ON THAT FUND FOR CONSTRUCTION OF RIVER -
FRONT PARK; AUTHORIZING AN ADVANCE OF UP TO
$300,000.00 FROM THE 1977 CAPITAL IMPROVEMENT
FUND TO DEFRAY CONSTRUCTION COSTS U11TIL FEDERAL
FUNDS ARE RECEIVED; AUTHORIZING THE EXPENDI-
TURE OF $1,000,000.00 IN FEDERAL FUNDS FOR
RIVERFRONT PARK; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS:
Section 1. $302,000.00 is hereby appropriated from the
1977 Capital Improvement Fund for construction of Riverfront
Park.
Section 2. $333,000.00 is hereby appropriated from 1977
Capital Improvement Interest Funds for construction of Riverfront
Park.
Section 3. An advance of up to $300,000.00 from the
1977 Capital Improvement Fund to defray construction costs until
federal funds are received is authorized.
Section 4. The expenditure of $1,000.000.00 in federal
funds for construction of Riverfront Park and for reimbursement
of any advance funds is hereby authorized.
Section 5. This Ordinance shall be in full force and
effect from and after its passage and approval.
PASSED: June 16, 1981
ATTEST: 0a APPROVED:
City ITayor