Renew Little Rock, the committee formed to promote passage of the renewal of the three-mill property tax on Little Rock residents for city capital improvements, filed its first financial report this week.
It reports $10,000 in initial contributions — $5,000 from McGeorge Contracting and $5,000 from Kelley Commercial Partners, a real estate management and development firm.
Voters are being asked to approve proposed expenditures in six separate categories: $38.5 million each for streets and drainage; $18.6 million for fire equipment; $8 million for a district court building; $35.4 million for parks and the Zoo, and $15 million for land acquisition for the Port industrial park.
Former Mayor Jim Dailey is co-chair of the tax committee. He is vice president of government relations for Kelley Commercial Partners. Kelley Commercial Partners holds the contract for handling real estate acquisitions for the Port. Dailey is among three members of his firm who are paid $150 an hour for consulting work for the port and support staff work is billed at $85 an hour. Those fees can be offset by commissions the firm might receive as an agent on port land transactions. Incidentally, Hank Kelley, head of the Commercial partners, co-chaired the city’s failed 3/8th-cent sales tax campaign. It included a $30 million, 10-year investment in the port.