HomeMy WebLinkAbout45-85 RESOLUTION•
A RESOLUTION OF INTENT OF THE BOARD OF DIRECTORS OF
THE CITY OF FAYETTEVILLE, ARKANSAS, EXPRESSING
APPROVAL OF THE PROPOSED WALKER -STONE TOWNHOUSE
PROJECT, TO BE FINANCED BY ISSUANCE OF BONDS THROUGH
THE CENTRAL BUSINESS IMPROVEMENT DISTRICT NO. 1,
AND AUTHORIZING THE MAYOR TO EXECUTE CERTIFICATION
IN CONNECTION WITH SAME.
RESOLUTION NO. 45-85
BE IT RESOLVED BY THE BOARD OF DIRECTORS of the City of
Fayetteville, Arkansas:
Section 1. That the Walker -Stone Townhouse project,
consisting of the proposed construction by KHT Company of 14
Townhouses to be financed by issuance of Bonds through the
Central Business Improvement District in an amount not to
exceed $430,000.00, is hereby approved.
Section 2. That the Mayor is hereby authorized to exe-
cute a Certificate of Elected Representative, upon adoption
by the Commissioners of Central Business Improvement
District No. 1 of the City of Fayetteville, Arkansas, of
such resolution or resolutions as may be necessary to
authorize issuance of the bonds.
PASSED AND APPROVED this 7th day of 1985.
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