HomeMy WebLinkAbout02-28-12Little Rock Board of Directors Reconvened Meeting
February 28, 2012
4:20 PM
Little Rock Board of Directors Reconvened Meeting
February 28, 2012
4:20 PM
The Board of Directors of the City of Little Rock, Arkansas, met in a reconvened session
with Mayor Mark Stodola presiding. City Clerk Susan Langley called the roll with the
following Directors present: Hendrix; Richardson; Hurst; Cazort; Hines; Wyrick; Fortson;
Adcock; Vice Mayor Kumpuris; and Mayor Stodola. Director Wright was absent.
SEPARATE ITEMS (Items 1 — 3)
1. RESOLUTION NO. 13,452: To appoint the Rose Law Firm as legal counsel to
assist with the issuance of $18,500,000 in short-term financing notes; and for other
purposes. Staff recommends approval.
Synopsis: To appoint the Rose Law Firm as legal counsel to assist with the issuance of $18,500,000
in short -term financing notes.
Director Adcock made the motion, seconded by Director Hurst, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
2. RESOLUTION NO. 13.453: To set March 6, 2012, as the date for a public hearing
on the issuance of an aggregate $100,000,000 pursuant to the Municipalities and
Counties Industrial Development Revenue Bond Law for Welspun Tubular, LLC; and for
other purposes. Staff recommends approval.
Synopsis: The resolution sets a date for public hearing on the issuance of industrial development
revenue bonds to help with the new Welspun project.
Director Adcock made the motion, seconded by Director Hurst, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
3. RESOLUTION NO. 13,454: To amend Little Rock, Ark., Resolution No. 13,297
(April 5, 2011) to add $40,000 to the Rebsamen Park Road Roundabout Project; and for
other purposes. Staff recommends approval.
Director Adcock asked where the funds would be coming for the project. City Manager
Bruce Moore stated that the City had been able to access an additional $40,000 through
the Department of Energy Grant Program; bringing the total cost of the roundabout
project to $277,000.
Director Adcock made the motion, seconded by Director Hurst, to approve the
resolution. By unanimous voice vote of the Board Members present, the resolution
was approved.
Director Cazort made the motion, seconded by Director Richardson, to adjourn the
reconvened meeting. By unanimous voice vote of the Board Members present, the
reconvened meeting was adjourned.
1
Little Rock Board of Directors Reconvened Meeting
February 28, 2012
4:20 PM
APPROVED:
Mark Stodoaa, Mayor