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FED. RESERVE BANK v. METROCENTRE IMPROVE. DIST.

No. 80-1649.

657 F.2d 183 (1981)

FEDERAL RESERVE BANK OF ST. LOUIS, a United States Corporation, Appellant, v. METROCENTRE IMPROVEMENT DISTRICT # 1, CITY OF LITTLE ROCK, ARKANSAS, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 11, 1981.

Attorney(s) appearing for the Case

W. S. Miller, Jr., Eichenbaum, Scott, Miller, Crockett, Darr & Hawk, P. A., Little Rock, Ark., Joan P. Cronin, Asst. Gen. Counsel, St. Louis, Mo., for appellant.

Gus B. Walton, Jr., Little Rock, Ark., Wright, Lindsey & Jennings, Little Rock, Ark., for appellee.

Before HEANEY, STEPHENSON and McMILLIAN, Circuit Judges.

STEPHENSON, Circuit Judge.

The city of Little Rock, Arkansas, formed the Metrocentre Improvement District No. 1 (District) which is a Central Business Improvement District for downtown Little Rock. The Federal Reserve Bank of St. Louis (Bank) holds title to lots 1-10 of Block 94 in Little Rock, all of which are located within the Improvement District. The District assessed the Bank an annual fee of $12,854 payable from 1977...

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