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Minutes for the City Council meeting on November 18, 1985
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CITY COUNCIL MINUTES - NOVEMBER 18, 1985
The Jonesboro City Council met on November 18, 1985, at 7:30 p.m. Present were Mayor, City Clerk, City Attorney, and all Aldermen.
Mr. Stricklin moved, seconded by Mr. Culpepper to approve the November 4, 1985, minutes as mailed. All voted aye.
Dameron Spruill, a member of the Municipal Airport Commission addressed the Council regarding the automated Flight Service Station the city has agreed to build at the airport for the Federal Aviation Administration. The project architects are Stuck Associates and the construction should be completed and occupied by the FAA by January 1, 1988.
Mr. Sanderson offered the following ordinance which was read by Mr. Thomas Leggett of the Friday, Eldridge, and Clark Attorneys of Law of Little Rock:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR THE PURPOSE OF PROVIDING THE FINANCING FOR INDUSTRIAL FACILITIES; AUTHORIZING AN INDENTURE OF TRUST SECURING THE BONDS; AUTHORIZING A LOAN AGREEMENT BETWEEN THE CITY AND FARR CO., AUTHORIZING THE SALE OF BONDS AND THE EXECUTION OF A PLACEMENT AGENT AGREEMENT IN CONNECTION THEREWITH; AUTHORIZING AND PRESCRIBING OTHER MATTERS PERTAINED THERETO; AND DECLARING AN EMERGENCY.
Mr. Culpepper moved, seconded by Mr. Shelton to suspend the rules and place on second reading. All voted aye. The ordinance was read for the second time. The Mayor closed the regular session and held a Public Hearing for Arkansas Industrial Development Revenue Bonds - Farr Co. project, concerning the bond issue. No objections were expressed at the hearing and the Mayor adjourned the Public Hearing. Mr. Nix then moved, seconded by Mr. Stricklin to suspend the rules and place on third reading. All voted aye. The ordinance was read for the third time. Mr. Culpepper moved, seconded by Mr. Shelton to adopt the ordinance. All voted aye. Mr. Park moved, seconded by Mr. Stricklin to...
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