Park revenue bonds - Revision history

Phil at 02:23, 27 March 2010

2010-03-27T02:23:36Z

Phil at 02:23, 27 March 2010

2010-03-27T02:23:09Z

Phil at 18:02, 24 January 2010

2010-01-24T18:02:46Z

Phil at 05:02, 26 May 2008

2008-05-26T05:02:03Z

Phil at 04:56, 26 May 2008

2008-05-26T04:56:58Z

Phil at 20:01, 9 February 2008

2008-02-09T20:01:03Z

Phil at 20:00, 9 February 2008

2008-02-09T20:00:23Z

Phil at 20:00, 9 February 2008

2008-02-09T20:00:03Z

Phil at 19:55, 9 February 2008

2008-02-09T19:55:16Z

Phil at 03:50, 8 February 2008

2008-02-08T03:50:06Z

@@ Line 5: / Line 5: @@
 On March 17, 1998 the [[Little Rock Board of Directors]] voted to approve $16.5 million in revenue bonds to purchase land for the presidential center. Approximately $11 million of the bond issue was used to purchase ten parcels of land east of I-30 on the south bank of the [[Arkansas River]].
-On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Inc.]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds. The bond sale was administered for the city by finance director [[Harold Boldt]].
+On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Inc.]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds. The bond sale was administered for the city by finance director [[Harold E. Boldt]].
 Between January and March 2001 the [[Eastern District of Arkansas|U.S. District Court for the Eastern District of Arkansas]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.

@@ Line 7: / Line 7: @@
 On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Inc.]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds. The bond sale was administered for the city by finance director [[Harold Boldt]].
-Between January and March 2001 the [[U.S. District Court for the Eastern District of Arkansas]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.
+Between January and March 2001 the [[Eastern District of Arkansas|U.S. District Court for the Eastern District of Arkansas]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.
 ==References==

@@ Line 7: / Line 7: @@
 On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Inc.]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds. The bond sale was administered for the city by finance director [[Harold Boldt]].
-Between January and March 2001 the [[State District Court]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.
+Between January and March 2001 the [[U.S. District Court for the Eastern District of Arkansas]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.
 ==References==

@@ Line 5: / Line 5: @@
 On March 17, 1998 the [[Little Rock Board of Directors]] voted to approve $16.5 million in revenue bonds to purchase land for the presidential center. Approximately $11 million of the bond issue was used to purchase ten parcels of land east of I-30 on the south bank of the [[Arkansas River]].
-On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Incorporated]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds.
+On April 10, 1998 [[Empower Arkansas]] was organized to block the revenue bond issue. In June 1998 Little Rock's [[Stephens Inc.]] begins issuing revenue bonds for Library site purchase. Stephens Inc. charged $132,000 for the public issue of the bonds. The bond sale was administered for the city by finance director [[Harold Boldt]].
 Between January and March 2001 the [[State District Court]] and [[Arkansas Supreme Court]] heard arguments that the City of Little Rock illegally issued revenue bonds for the Clinton Library. The basis of this argument was that the bonds would be secured with increases in greens fees at local public golf courses and higher ticket prices at the [[Little Rock Zoo]]. These entities would not derive proportionate returns in terms of bond revenues. The maneuver allowed the [[City of Little Rock]] to sell bonds without the general referendum required in the issuance of general obligation bonds. Annual debt service on the bonds is approximately $1.3 million.
@@ Line 13: / Line 13: @@
 *"Bonds for Clinton Library," ''American Libraries'' 29.5 (May 1998): 26.
 *"A Home for Bill's Books," ''Economist,'' December 6, 1997.
 *Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.
 *Lisa Sanders, "Little Rock Plans Deal for Clinton Library, Among Other Things," ''Bond Buyer,'' 323 (March 24, 1998): 30.

@@ Line 14: / Line 14: @@
 *"A Home for Bill's Books," ''Economist,'' December 6, 1997.
 *Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.
 ==External links==

@@ Line 1: / Line 1: @@
 '''Park revenue bonds''' may be issued by the [[City of Little Rock]] to fund improvements to parks infrastructure in the city.
-The purchase of 26 acres of land on the east side of downtown Little Rock for the [[Clinton Library]] was accomplished by the sale of park revenue bonds. Initially, the [[City of Little Rock Board of Directors]] had hoped a one-cent increase in the local [[hamburger tax]] The plan was shelved on December 3, 1997, in favor of the revenue bond plan.
+The purchase of 26 acres of land on the east side of downtown Little Rock for the [[Clinton Library]] was accomplished by the sale of park revenue bonds. Initially, the [[City of Little Rock Board of Directors]] had hoped a one-cent increase in the local [[hamburger tax]] would accomplish this goal. The proposed hike in hamburger taxes was shelved on December 3, 1997, in favor of the revenue bond plan.
 On March 17, 1998 the [[Little Rock Board of Directors]] voted to approve $16.5 million in revenue bonds to purchase land for the presidential center. Approximately $11 million of the bond issue was used to purchase ten parcels of land east of I-30 on the south bank of the [[Arkansas River]].

← Older revision		Revision as of 20:00, 9 February 2008
Line 1:		Line 1:
−	'''Park revenue bonds''' may be issued by the [[City of Little Rock]] to fund improvements to ~~the~~ parks infrastructure of the city.	+	'''Park revenue bonds''' may be issued by the [[City of Little Rock]] to fund improvements to parks infrastructure in the city.

	The purchase of 26 acres of land on the east side of downtown Little Rock for the [[Clinton Library]] was accomplished by the sale of park revenue bonds. Initially, the [[City of Little Rock Board of Directors]] had hoped a one-cent increase in the local [[hamburger tax]] The plan was shelved on December 3, 1997, in favor of the revenue bond plan.		The purchase of 26 acres of land on the east side of downtown Little Rock for the [[Clinton Library]] was accomplished by the sale of park revenue bonds. Initially, the [[City of Little Rock Board of Directors]] had hoped a one-cent increase in the local [[hamburger tax]] The plan was shelved on December 3, 1997, in favor of the revenue bond plan.

← Older revision		Revision as of 19:55, 9 February 2008
Line 10:		Line 10:

	*"Bonds for Clinton Library," ''American Libraries'' 29.5 (May 1998): 26.		*"Bonds for Clinton Library," ''American Libraries'' 29.5 (May 1998): 26.
		+	*"A Home for Bill's Books," ''Economist,'' December 6, 1997.
	*Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.		*Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.

← Older revision		Revision as of 03:50, 8 February 2008
Line 8:		Line 8:

	==References==		==References==
		+
		+	*"Bonds for Clinton Library," ''American Libraries'' 29.5 (May 1998): 26.
	*Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.		*Kevin Sack, "Testing of a President: The Legacy; As Clinton Library is Planned, Tough Questions Abound," ''New York Times,'' September 13, 1998.