July 5, 1963MINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF uiEST TiF~'[PfCIS, ARKANSAS, HELD
AT THE CITY HALL IN SAID CITY ON THE 5TH DAY OF JULY, 19E3, AT 5:00 P.M.
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The City Council of the City of West Memphis, Arkansas, met in special session at
its regular meeting place in West Memphis, Arkansas, at 5:00 o'clock p.m, on the 5th day
of July, 19E3. The following were present: Mayor Hob Eden, Aldermen: 0. I. Bollinger,
Earl Felts, C. H. Rowton, Y. G. Sims, and F. E. Weis; and City Attorney W. H. Dillahunty.
Absent: Aldermen: R. C. Bowie, Kirby Leggett, and Paul Matthews.
Notice of Special Meeting having been accepted, and it being determined a quorum
was present, the following proceedings were had tow-it:
Mayor Edea informed the Council the Special Meeting had been called for tfie purpose
of accepting Amendatory Offer of the Federal Government for an additional loan of
$19,000 for the airport inasmuch as the government requires a 5~ contingency. The grants
originally received from HHFA of $369,000 and FFA of $265,000 for the purchase of land
and construction of buildings would not cover the contingency. Thereupon, the Following
Resolution was presented for consideration of the Council.
RESOLUTION N0. 26E
WHEREAS, the United States of America (herein called the "Government") made an
Offer of a loan dated September 21~, 19E2 to .City of West Memphis (herein called the
"Borrower") to assist in defraying the cost of construction of the public works
therein described, identified as Project No. PFL-Ark-21y1, which Offer was accepted
by the Borrower on October 1, 1962; and
WfI,r.REAS, the Government has submitted an Amendatex^,~ Offer, Amenament No. 2,
dated July 1, 1963, to said Offer, which Amendment No. 2 has been duly read in
open meeting, fully considered in accordance with all pertinent rules of procedure
and legal requirements, and made a Dart of the Borrower's public records; and
WHEREAS, it is deemed advisable and in the public interest that said Amendment
No. 2 be accepted;
NOW, THEREFORE, be it Resolved by the City Council of the City of West Memphis,
Arkansas thatlthe said Amendment No. 2, a true and correct copy of which is hereto
attached, be and the same hereby is accepted without reservation or qualification.
Passed by the aforementioned governing body of the Borrower on the day of
1963.
After discussion, motion was made by Alderman Rowton, seconded by .Alderman Bollinger:
That the Resolution as presented be adopted. Upon vote, the voting was as follows:
Yes: Aldermen: Bollinger, Felts, Ro:,rton, Sims, Weis.
No: None.
No Further business being presented, motion was made by Alderman Felts,
seconded by Alderman Rowton to adjourn. Upon vote, the voting was as Follows:
Yes: Aldermen: Bollinger, Felts, Rowton, Sims, Weis.
No: None.
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ATTEST~.~Geili-r.(~r-` ~~rn,~~~
APPROVED: JULY 18, 19E3