HomeMy WebLinkAbout13981ORDINANCE NO. 13,981
AN ORDINANCE AMENDING SECTION 2 OF
ORDINANCE NO. 13,931, WHICH AMENDED
ORDINANCE NO. 13,930, FIXING AND
IMPOSING THE AGGREGATE AMOUNT OF
FEES, CHARGES AND SPECIAL TAXES TO
BE PAID TO THE CITY OF LITTLE ROCK,
ARKANSAS, BY ARKANSAS POWER AND
LIGHT COMPANY AND THE METHOD OF
PAYMENT THEREOF; DECLARING AN
EMERGENCY; AND FOR OTHER PURPOSES.
WHEREAS, on November 26, 1980, the Board of Directors
of the City of Little Rock passed Ordinance No. 13,930
imposing fees, charges and special taxes to be paid to the
City of Little Rock by Arkansas Power and Light Company for
the year 1981; and
WHEREAS, there was an error in Section 1 of Ordinance
No. 13,930 which was corrected by Ordinance No. 13,931; and
WHEREAS, at the time Ordinance No. 13,930 was passed,
the City was not in receipt of the final figures for utility
power sales in Little Rock during the year 1981; and
WHEREAS, the City of Little Rock has now received the
final figures for utility power sales by Arkansas Power and
Light Company for the year 1981; and
WHEREAS, it is now necessary to increase the 1981
franchise amount for Arkansas Power and Light Company from
$3,330,000 to $3,482,846.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Section 2 of Ordinance No. 13,931 is hereby
amended to read as follows:
"For the year 1981, the Power Company shall pay in
equal monthly installments beginning January 1981, the
sum of three million, four hundred eighty -two thousand,
eight hundred forty -six dollars ($3,482,846)."
SECTION 2. It is hereby found by the Board of
Directors that there is an urgent need for additional
revenues for the City. Therefore, an emergency is declared
to exist, and this ordinance being necessary for the
preservation and advancement of the public peace, health and
safety shall be in full force and effect from and after its
passage.
PASSED: February 3, 1981
ATTEST: Ad 0 APPROVED: "01'e �"00'w/
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