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HomeMy WebLinkAbout08-28-12Little Rock Board of Directors Reconvened Meeting August 28, 2012 4:00 PM Little Rock Board of Directors Reconvened Meeting August 28, 2012 4:00 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 (enrolled at 4:05 PM); Hurst; Cazort; Hines; Wyrick (enrolled at 4:07 PM); Fortson; Adcock; Vice Mayor Kumpuris (enrolled at 4:11 PM); and Mayor Stodola. Directors Absent: Wright Mayor Stodola stated that the August 21, 2012, meeting was recessed for the Board to give further consideration to the resolution that was presented that would commit the interest earnings on the projected $105,000,000 capital improvement street and drainage funds to priority projects in those areas of the City with the greatest need based on staff's recommendation. City Manager Bruce Moore stated that he would like to withdraw the resolution and asked that no further action be taken. Director Cazort made the motion, seconded by Director Fortson, to withdraw the resolution. Director Hendrix asked if there was a particular reason why the City Manager was recommending the withdrawal of the resolution. City Manager Moore stated that after listening to the discussion at the August 21, 2012, meeting, he determined that the most prudent course would be to wait until after the election results were received. City Manager Moore stated that if the election was successful, it would be some time before any interest was generated and at that time, he would come back to the Board with recommendations regarding any additional projects. Director Richardson stated that although he had an issue with the lack of specificity, he thought the resolution was a good attempt to address areas of the community that had the greatest need. By unanimous voice vote of the Board Members present, the resolution was withdrawn. Director Cazort made the motion, seconded by Director Hines, to adjourn the reconvened meeting. By unanimous voice vote of the Board Members present, the reconvened meeting was adjourned. ATTEST: APPROVED: - //4 1 Sus n Lkngiby, City Clerk M rk Stodola, Mayor