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RESOLUTION NO. 9,785
A RESOLUTION TO AUTHORIZE AND
APPROVE AN ASSIGNMENT OF HISTORIC
INVESTMENT SOLUTIONS TEAM, LLC•S
RIGHT TO TAKE TITLE TO THE KRAMER
SCHOOL; AND FOR OTHER PURPOSES.
WHEREAS, the City of Little Rock, pursuant to Little Rock,
Ark., Resolution No. 9,575 (December 12, 1995) ( "LRR")
authorized the Mayor and City Clerk to execute a Deed in the
form acceptable to the City Attorney to convey the Kramer School
(the "Property "), to Historic Investment Solutions Team, LLC
("HIST"); and
WHEREAS, HIST desires to assign its right to purchase the
Kramer School from the City of Little Rock to Kramer School Art
Loft Limited Partnership, a limited partnership formed solely
for the purpose of conducting rehabilitation activities to the
Kramer School, and the subsequent operation of the Property upon
completion of the rehabilitation activities.
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 authorized to
execute a Deed in the form acceptable to the City Attorney to
convey the Property to the Kramer School Art Loft Limited
Partnership pursuant to the terms and conditions set forth in
LRR 9,575.
ADOPTED: September 3, 1996
ATTEST:
- -• -' i •.sue. _
- ROBBIE- HANCOCK -
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. UAXFKNTKR
CITY ATTORNEY
h •• 1
JIM W.
MAYOR