HomeMy WebLinkAboutOrdinance 2991 ORDINT *?CE NO . 2991
AN ORDINANCE AMENDING ORDINANCE NO . 2485 , AS AMENDED ,
TO AUTHORIZE THE FAYETTEVILLE PUBLIC FACILITIES • , , �r
BOARD TO ISSUE REVENUE BONDS TO FINANCE THE CO' T ''RUCTION
OF HEALTH CARE AND RESIDENTIAL FACILITIES FORLFP�d3 R' LY. �s
PERSONS . CG.j�;�i
WHEREAS , the Board of Directors of the Cit e � y
Y of Faye ���7'11e;,
Arkansas , has established a public facilities board pursuat
to Act No . 142 of the Acts of the General Assembly of the State
of Arkansas for the year 1975 ( the " Act " ) , as amended , for
the purpose of providing assistance in the financing of
residential and health care facilities ; and
WHEREAS , said board was established by Ordinance No . 2485
adopted and approved November 21 , 1978 , as amended by Ordinance
No . 2708 , adopted and approved March 3 , 1981 ; and
WHEREAS , the Fayetteville Public Facilities Board proposes
to issue revenue bonds to assist in the financing of residential ,
health care , and related facilities for elderly persons ; and
WHEREAS , the Fayetteville Board of Directors has determined
that there is a need for said facilities as manifested by the
vsubstantial number of elderly persons residing within the City ;
and
WHEREAS , the Fayetteville Board of Directors has determined
that Ordinance No . 2485 , as amended , should be amended to expressly
authorize the issuance of revenue bonds to assist in financing
the construction of residential housing , health care , and related
facilities for elderly persons .
NOW , THEREFORE , BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF FAYETTEVILLE , ARKANSAS :
Section 1 . That Section 1 of Ordinance No . 2485 is hereby
amended by adding the following :
( f ) The development of housing , health care ,
and related facilities for elderly persons serves
a substantial public purpose and there is a significant
need in the City for such facilities .
Section 2 . That Section 3 of Ordinance No . 2435 is hereby
amended by deleting the last sentence in said section .
Section 3 . That Section 4 of Ordinance No . 2485 is hereby
amended by adding the following :
The Board is expressly authorized to issue
revenue bonds for the purpose of financing residential
housing , health care , and related facilities to serve
elderly persons , provided said facilities are owned by
1104 86r3
R
non-profit corporations or associations . The issuance
of such revenue bonds shall be accomplished by resolution
duly adopted by the Fayetteville Public Facilities Board
and ratified by the Fayetteville Board of Directors .
Section 4 . That Section 5 of Ordinance No . 2485 is
hereby amended by adding the following :
This section shall apply only to bonds issued
for the purpose of financing owner-occupied housing .
Section 5 . That Section 6 of Ordinance No . 2485 is
hereby amended by adding the following :
This section shall apply only to the proceeds
of bonds issued for the purpose of financing owner-
occupied housing .
Section 6 , That Section 7 of Ordinance No . 2485 is
hereby amended by adding the following :
This section shall apply only to the issuance
of bonds for the purpose of financing owner-occupied
housing . The Board is expressly authorized to issue
bonds for the purpose of financing housing , health
care , and related facilities to serve elderly persons ,
provided said facilities are owned by non-profit
corporations or associations .
Section 7 . As amended hereby , Ordinance No . 2485 as
amended by Ordinance No . 2708 , is hereby ratifiied and affirmed .
Section 8 . All ordinances , or parts thereof , in conflict
with this ordinance are hereby repealed to the extent of such
conflict .
Section 9 . If any provision of this ordinance or the
application thereof to any person or circumstances is held
invalid , such invalidity shall not affect the other provisions
or applications of this ordinance , which can be given affect
without the invalid provision or application , and to this end
the provisions of this ordinance are declared to be severable .
Section 10 . It is hereby found and determined that there
is an immediate and urgent need for the providing of decent ,
safe and sanitary housing , health care and related facilities
for elderly persons residing in or near the City of Fayette-
ville and that the immediate passage of this ordinance is
necessary to provide such facilities . Therefore , an emergency
is declared to exist , and this ordinance being necessary for
the public health and welfare shall be in full force and
effect from and after its passage and approval .
1104 864
PASSED AND APPROVED this 20th day of March , 1984 .
APPROVED :
By :
Y
Mayor
ATTEST : /
By t
Fi �. lerk
i Ci : • �r }p a, r
t .r. . v' r:
CERTIFICATE OF RECORD
State of Arkansas ( SS
City of Fnyetteviile
I. S _rcnne C. Kennedy, City Clerk and
recon ler forth. City of Fayctt.: ille,
do hacSy certify that the ann:• :.1 or fore-
;ci.:,; is of record in myoffice a.ul the s.tmo ap-
nears in Oalinnnee�a �Resolution book
k Vt page / ! 3 . Wtness my
rad ;via seal tSis- dolt clay of
1104 801'
` - - ORDINANCE NO. ]AI
.. ' AN ORDINANCE AMENDIN i - - w
ORDINANCE NO. 2483, AS t.l
AMENDED, TO AUTHORIZE
TMEFAYETTEVILLE
PUBLIC FACILITIES- BOARD
TO ISSUE REVENUE BONDS STATE of ARKANSAS 1
TO FINANCE THE CON- Jy es.
' STRUCTION OF HEALTH County Of Washington
CARE AND RESIDENTIAL g
FACILITIES FOR ELDERLY
PERSONS.
'WHEREAS, the •'Board 'of.
plrvetors of try City of Fayet- I. r 1 A }^ - N I hereby certify that I
ti.vtf he,: AhMensse , has am the lis erof HE WOCIT'HWESIOARKANSAS TIMES, a daily newspaper
. established- a public facilities haven a second class mailing g g
1 board pursuant to Act No. u] g g privile e, and being not less than four pages of
of the Acts of to - General five columns each, published at a fixed place of business and at a fixed (daily)
Assembly of the - Elate of intervals continuously In the City of Fayetteville, County of Washington, Arkansas
Arkansas for the year 1975 (1M
••Act'•), as amended, for the for more than a period of twelve months, circulated and distributed from an
ry u r p o sr of o rov f d i n g established place of business to subscribers and readers generally of all classes
�, asaistanu..In me ,Manclno of. In the Cit and Count f
-rasidentlat and health Care to.. Y y or a definite price for each copy, or a fixed price per
cililles; and ':' annum, which price was fixed at what is considered the value of the publication,
- tilitIEhed' b Or noneoaro was based upon the news value and service value it contains, that at least fifty estaUlERE by Ordinance as YPercent
, 2115 adopted and approved of the subscribers thereto have paid cash for their subscriptions to the newspaper
' November ]t, 1978, asamended or Its agents or through recognized news dealers over aeriod of at least six
by Ordinance No. 1701, adoptee P
and approved March 3, 1901; months; and that the said newspaper publishes an average of more than forty
and - %3'1 moll WN - � percent news matter.
' WHEREAS, the Fayeii6llis
rPublic' Facilities -Board pro-
pastels to Issue revenue bonds to I further certify that the legal notice hereto attached in the matter of
zassist, in the financing of resl-
denttal; 'Malth Care, and re-
1tlirNiia1
Iated' facilities for :elderly
REAI
�RBAg,'.THE• Forst-
fevlil! BoerifofDirectp/s has -
asterminaathatthetalsaneed was published in the regular daily issue of said newspaper for
S'"';aid facilities of Manifested consecutive insertions as follows:
Dl the substantial residing
of
�'aldthe personsialnber in
of
the city; and ' 3 The first insertion on the :�.9at day of 1d� 19
p WHEREAS, the Fayetteville
Board- of Directors has da.
(termined trial Ordinance No. the second insertion on the day of 19
749l as amended, should be
& Mended to expressly
authorize the issuance of reve. the third Insertion on the day of 19
nue bonds to assist in financing
' me construction a residential and the fourth insertion on the day of 19
hWsion,constrhealtuction
re and re-
lated s TH REies dor -elderly
BE IT
; ORDAINED BY THE BOARD )
OF -DIRECTORS OF THE Sworn to and subscribed before me On this day O[
- CITUSection FAYETTEVILLE,
' ARKANSAS: ,' *
Ordinance
Nollat section 1 y g
ordinance No. ding is hereby
Ings , by adding 1M follow-
Lm.M The developmidt of Mur
Ing, health cam. and ' related Nota Publico)/�14,
facilities for elderly persons
serves a substantial public My Commission Expires: .
IPprpose and fere is a slgnifl- , � • ,
cant tiesIn 1M City for wCh
ec
facilities.n.
i
section ]- That is he ] y
Ordinance No. 243 is hereby
amended by deleting . last
sentence Insaid attest. ..
section 1 That Section a of '
Ordinance No. 241115 Is hereby
amended by adding 1M faltow- Fees for Printing S '1se ' G s
Ing: A . . : ..:f. �:;•rv:r «.. .
The Board is expressly
authorized to Issue revenue Cost of Proof — -S
bondsforthopurpossoffinerK-
Ing residential housing, health
cars, and related facilities to Total
serve elderly persons, provided
said facilities are owned by
non-profit corporations or
associations. The issuance of
such revenue bonds shall be
aCCQMPIished by resclutlon
duly adopted by the Payef-
Msllle 'PuDlic Facilities Board
and ratified by the Fayetteville
Boards Directors.
Section a. That section 5 of ,
Orrlinenca No. ]ASS is hereby • � 1 1 - 94
amended by adding the follow,
Ing: . r .
This section
nd% sdftapply
'
of financing owner-occupled i,vuu.; i$ PAYNoL.
housing.
Section S. That Section a at
Ordinance NO. 242S Is hereby
atnended.by adding the follow.
' Ing: . .
This saettnn aan arty,,,.w
_ i MAKE CHECKS PAYABLE TO: 038510No . 038510 INVOICE FOR
20595 NORTHWEST ARKANSAS TIMES LINES TIMESO1 CLASSIFIED ADVERTISING
AMOUNT
P.O. DRAWER D FAYETTEVILLE, ARKANSAS 72701 177E $ 115. 05
212 NORTH EAST AVENUE PHONE (501 ) 442-6242 YOUR CLASSIFIED INVOICE IS
�'- NOW DUE. IF NOT PAID WITHIN 10
DAYS AMOUNT DUE WILL BE
- PHONE CLERK
rig 501 — — 00
INDEXING TERMS.
City of Fayetteville ORDINANCE
AD GIVEN CLASSIFICATION
Drame-r F \ 102 \
Fayetteville SAR
CODE SOLICITED BY OPERAiOF
72702 • . V 00
START DATE STOP DATE SKIP SCHEDULE
.,•f ..
:0:4/02/8 04/02/ 4 R1
PLEASE PAY PROMPTLY
I
^ ORD.INANCE NO. - 2991 ^ AN ORDINANCE AMENDING ORDINANCE NO. 2485 ,
AS AMENDED, TO AUTHORIZE THE FAYETTEVILLE PUBLIC FACILITIES B
OARD TO ISSUE REVENUE BONDS TO FINANCE THE CONSTRUCTION OF HE
ALTH CARE AND RESIDENTIAL FACILITIES FOR ELDERLY PERSONS. ^' WH
EREAS, the Board
i
l w
ALCOU0JS PAYABLE
Section 4. That Section
Ordinance NO. 2485 is herr
amended by adding the jolt(
Ing: e
This section shall apply of
to bonds issued for the purpt
of financing owner-mcup•
housing.
Section S. That Section e
Ordinance No. 249S Is here
amended.by adding the follc
Ing:
This section shall-apply or
to'ttia proceeds of bond& issu
for the Purpose of iinancl
owner-Ocoupied housing.
. Section e. That Section 7
Ordinance NO. 2485 IS tier*
amended by adding the folio
m9: - '
This secti0fl shall :apply On
to in* Issuance of bonds for 11
Purpose of financing ' Own*
Occupied housing. The Board
expressly . authorized to illi
bonds for the Purpose w finan
Ing housing, health care. w
related facilities to.sarve t
derly Persons, provided as
faallitles are owned by no
profit corporations w aswci
tions.
Section 7. - As amend*
hereby, Ordinance NO. 2485 . j
amended . by Ordinance' N
2708, Is hereby ratified at
a/firmed.
Stiction S. All Ordinances, c
Parts thereof, in conflict wit
finis Ordinance are hereby re
pealed 10 the extent Of suc
conflict. • .
Section 9. It any Provision c
this ordinance Or the applice
Non thereof to any person c
circumstances is held invalic
such Invalidity shall not affec
the Other provisions o
applications 0f this ordinance
which Can be given affK
without the invalid Provision o
apPlicallon, and t0 this end m.
Provisions of this ordinance Sri
declareo to be severable.
Section 10. It Is hereby fount
and determined that there Is at
Immediate and urgent need fol
The, Providing O1 dKMt, safe
and Sanitary housing, healtt
care and related facilities fol
elderly Persons residing in of
near the. City of Fayettevilk
and that - the Immediate
passage of this Ordinance is
necessary to provide such /aril
flies. Therefore, an emergent)
Is declared to exist,. and chit
Ordinance being necessary for
thepublic health and wellarc
shall be in full force and effect
from and after its Passage anc
approval,
PASSED AND APPROVEC
this 20th d8Y of March; 198*.
APPROVED:
. - By: Paul R. Noland
. .y. Mayw
ATTEST: � .
Illy: SuMneC. Kennedy - .
CitYClerk
Seal