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9661RESOLUTION NO. 99661 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A CONTRACT WITH THE DOWNTOWN PARTNERSHIP AND LASSITER ASPHALT CO., IN AN AMOUNT ANTICIPATED NOT TO EXCEED $197,924 TO PROVIDE CONSTRUCTION FOR COMMERCE STREETSCAPE; AND FOR OTHER PURPOSES. WHEREAS, staff has participated with individuals interested Ln 0 in the development of Riverfront Park and together prepared the o, Riverfest Amphitheatre Refinement Master Plan; and y WHEREAS, Commerce Street was seen as an important link of >� the park to the downtown environment in that plan; and 4 v WHEREAS, development of the streetscape will unify recent b 0) developments of the River Market facility and the Museum Center; and WHEREAS, the City will manage and maintain the park entrance and has limited funds available, and the Downtown Partnership will be responsible for payment of the construction costs in excess of the City's available funding of $172,869.58. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The City Manager is authorized to enter into a contract approved by the City Attorney with Lassiter Asphalt Co., Inc. for Commerce Streetscape construction. The source of funding for the construction costs is the City's share of $172,869.58 contained in 'account number 210- 230 -0418 and the balance to be paid by the Downtown Partnership. ADOPTED: April 2, 1996 ATTEST: ROBBIE HANCQCK CITY CLERK APPROVED AS TO FORM: DY .. (mil • (fA, •.. THOMAS M. CARPE ER CITY ATTORNEY APPROVED: JI DAILEY MAYOR