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86341 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 RESOLUTION NO. 8,634 29 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERIC TO EXECUTE A QUITCLAIM DEED TO CONVEY THE CITY'S INTEREST IN LOT 1, BLOCK 3, CHATTANOOGA ADDITION TO THE CITY OF LITTLE ROCK, ARKANSAS. WHEREAS, the City owns an undivided partial interest in property known as 3201 South Arch Street, a vacant lot legally described as Lot 1, Block 3, Chattanooga Addition to the City of Little Rock, Arkansas; and WHEREAS, the owners of a contiguous lot have expressed an interest in acquiring 3201 South Arch Street from the City; and WHEREAS, the City has no contemplated public use for the property and it is in the best interest of the citizens of the City to divest its interest in the property so that it can be maintained under private ownership. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The Mayor and City Clerk are hereby, authorized to execute a quitclaim deed of 3201 South Arch Street, legally described as Lot 1, Block 3, Chattanooga Addition to the City of Little Rock, Arkansas to Lawrence Jones and Richmond Jones for the cash consideration of $2,000. ADOPTED: January 21, 1992 APPROVED AS TO FORM: OMAS M. CARPENTER CITY ATTORNEY 251