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RESOLUTION NO. 8,768
A- RE SOLUTION - APPROVING - CONVEYANCE -OF
LAND. ACTUAL CONVEYANCE SUBJECT TO
BNP AND SLOANE EXECUTING A
DEFINITIVE LEASE AGREEMENT FOR THE
SITE AND IMPROVEMENTS.
WHEREAS, The City owns a 100 acre site in the Little Rock
Port Authority which has been chosen as the future location of R
& G Sloane Manufacturing Co., Inc., ( "R & G Sloane "); and
WHEREAS, R & G Sloane has entered into a financing
arrangement with the BNP Leasing Corporation "BNP ") for the
purchase of this site.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: The Mayor is authorized to execute a general
warranty deed to convey the 100 acre site in the Little Rock
Port Industrial Park chosen for R & G Sloane to BNP a Delaware
corporation upon receipt of a copy of the Lease Agreement
executed by and between BNP and R & G Sloane for the site and
the improvements to be constructed thereon.
ADOPTED: August 18, 1992
1
APPROVED AS TO FORM:
7 �....
APPROVED:
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