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9742M M 1 K 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 36 431 RESOLUTION NO. _9,742 A RESOLUTION TO AUTHORIZE THE RELEASE TO THE EXECUTIVE DIRECTOR OF THE CENTRAL ARKANSAS LIBRARY SYSTEM MONIES FROM THE THE SALE OF LIBRARY PROPERTY; AND FOR OTHER PURPOSES. WHEREAS, Little Rock, Ark., Resolution No. 9,254 (October 18, 1994) authorized the sale of two City -owned lots at 800 to 808 South Louisiana Street to St. Vincent Infirmary Medical Center; and WHEREAS, the monies to pay for the parking lots came from the Emmit Morris fund which was established by bequest to benefit the employees of the Central Arkansas Library System (GALS); and WHEREAS, the CALS Board of Trustees has requested by resolution that these monies be released by the City and returned to the Emmit Morris fund; and WHEREAS, the monies are currently being held in escrow at the Beach Abstract & Guaranty Company. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The Board of Directors of the City of Little Rock, Arkansas, authorizes Dr. Bobby Roberts, Executive Director of CALS, to withdraw escrow funds at Beach Abstract & Guaranty Company which were received from the sale of parking lots at the downtown branch of CALS, provided that these funds are. placed into the Emmit Morris fund to be used for the benefit of employees of CALS. ADOPTED: July 2, 1996 ATTEST: EMIR, , ROB131E -- HANCOCK - CITY CLERK APPROVED AS TO FORM: THOMAS M. CAR CITY ATTORNEY N