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RESOLUTION NO. 9,752
A RESOLUTION TO AUTHORIZE THE CITY
MANAGER TO ENTER INTO AN AGREEMENT
TO PURCHASE THE DOWNTOWN YMCA
BUILDING; TO IDENTIFY FUNDS, NOT TO
EXCEED $200,000, FOR THIS PURCHASE;
AND FOR OTHER PURPOSES.
WHEREAS, the City wishes to preserve the historic downtown
YMCA building at 6th and Broadway and to adopt it to fulfill a
public purpose; and
WHEREAS, the Board of Directors is willing to spend
$200,000 to purchase and mothball this structure.
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 not to exceed $200,000 to purchase the Downtown YMCA
Building at 6th and Broadway to adopt for a public purpose.
SECTION .2. The City Manager is directed to identify funds
for this purchase and to present an amendment to the 1996 budget
prior to the August 31, 1996, closing date.
ADOPTED: JULY 16, 1996
APPROVED • FORM:
s 0.9404.10. ••
APPROVED: