14927 IIIIIIII 11111111111111111111111 III 2019004554
PRESENTED:01-23-2019 09:18:16 AM RECORDED:01-23-2019 09:36:55 AM
In Official Records of Terri Hollingsworth Circuit/County Clerk
1 RESOLUTION NO. 14,9P1��s1<I co,AR FEE$25.00
2
3 A RESOLUTION AUTHORIZING THE MAYOR TO ENTER INTO A
4 CONTRACT WITH MULTI-MANAGEMENT SERVICES,INC.,FOR THE
5 PURCHASE OF APPROXIMATLEY TWO (2) ACRES OF LAND
6 LOCATED AT 6800 LINDSEY ROAD, FOR USE BY THE LITTLE ROCK
7 PORT AUTHORITY; AND FOR OTHER PURPOSES.
8
9 WHEREAS,the City of Little Rock,Arkansas,through its 2011 Capital Sales Tax Initiative,set aside
10 money for the specific purpose of expanding the real estate holdings of the Little Rock Port Authority;and,
11 WHEREAS,the Little Rock Port Authority has been actively exploring opportunities for expansion,
12 including the development of a 2008 Master Real Estate Acquisition Plan; and,
13 WHEREAS,the Little Rock Port Authority Staff has worked with the Greater Little Rock Regional
14 Chamber of Commerce,and other interested parties,to explore viable options for real estate expansion and
15 determined that this particular parcel will meet the future needs of the Little Rock Port Authority for
16 economic prospect recruitment purposes; and,
17 WHEREAS,the Little Rock Port Authority Staff has extended a preliminary offer,based upon a third-
18 party appraisal,for the property in question and the offer has been accepted by the owner.
19 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
20 OF LITTLE ROCK:
21 Section 1.The City of Little Rock Board of Directors authorizes the Mayor to purchase approximately
22 two (2)acres of land for a purchase price of Two Hundred Twenty-Five Thousand Dollars($225,000.00),
23 plus associated closing cost,which is located at Tract Q Area 201,Little Rock Port Industrial Park Addition
24 to the City of Little Rock, Pulaski County, Arkansas and illustrated on Exhibit A attached hereto and is
25 contingent upon positive findings of the Phase One Environmental Study and determination of clear title.
26 Section 2. Funding for this purchase will come the City of Little Rock's Capital Improvement Sales
27 Tax Account.
28 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase or
29 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
30 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
31 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
32 resolution.
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33 Section 4. Repealer.All laws ordinances resolutions or parts of the same that are inconsi t � e ,
34 provisions of this resolution are hereby repealed to the extent of such inconsistency. 6,; � ,
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1 ADOPTED! .nuary 22,2019
2 AT ' ' APPROVED:
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5 r 1 n Lanl 1e kty Clerk `rank S i 1041.; ifriii
6 APP 0 /^ 1 A 0 LEGAL FORM:
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8 04 --11,04"--t/W---7
9 Thomas M. Carpenter,CI Atto ey
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Exhibit A
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