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Board approves bond resolution, property conveyance and franchise-fee ordinances tied to Port development
Summary
The board adopted a resolution of intent to issue bonds for an industrial facility, authorized conveyance of Port Authority property, approved a memorandum of understanding with Willow Bend Capital LLC, and passed ordinances amending franchise fees for Central Arkansas Water, Little Rock Water Reclamation Authority and Energy Arkansas LLC.
In a special-call session on April 29, the Little Rock Board of Directors approved a package of resolutions and ordinances tied to economic development at the Little Rock Port.
By voice vote the board adopted a resolution of intent authorizing issuance of bonds to assist financing the acquisition, construction and equipping of an industrial facility in the city. The board also approved a resolution…
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