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100131 2 01 4 5 6 7 � 8 N 9 N '-I X10 X11 o12 °13 m14 y a15 a16 ;W17 ro C18 W 119 v20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 RESOLUTION NO. 10, 013 A RESOLUTION AUTHORIZING THE CITV MANAGER TO EXPEND FUNDS FROM THE HISTORIC BUILDING FACADE GRANT PROGRAM TO ASSIST IN THE RESTORATION OF STRUCTURES AT 114 PULASKI STREET AND SEVENTH AT SHERMAN STREETS (KRAMER SCHOOL). M 283 WHEREAS, Little Rock, Arkansas Ordinance No. 15,473 (May 3, 1988) appropriated funds from the 1988 Capital Improvement Bond sale proceeds for projects which included $800,000 for the purpose of matching on a dollar- for - dollar basis funds provided for the South Main Improvement District and the Facade Grant Program; and WHEREAS, Little Rock, Arkansas Ordinance No. 15,499 (June 21, 1988) appropriated $300,000 for the South Main Improvement District Project, thereby leaving a balance of $500,000 to be used for the Facade Grant Program; and WHEREAS, Little Rock, Arkansas Resolution No. 8146 (May 2, 1989) authorized the expenditure of $500,000 for improvements to the historic building facades as approved by the Architectural Review Committee; and WHEREAS, the Facade Grant Program has been depleted of all available funds; and WHEREAS, the Mayor's Historic Preservation Task Force has recommended that a facade grant program be maintained, which program would continue to be dollar- for - dollar match in exchange for a deed of conservation easement for fifty (50) years; and WHEREAS, on April 18, 1997, the Historic Building Facade Grant Architectural Review Committee reviewed and recommended approval for two specific properties located at 114 N. Pulaski Street and Seventh and Sherman Streets (Kramer School); and WHEREAS, these two specific properties have been determined to be of historic or architectural significance to the City of Little Rock, and the Architectural Review Committee has determined that the preservation of these properties will be enhanced by the execution of the deed of conservation easement; and WHEREAS, the owners of these two specific properties have agreed to execute a deed of conservation easement in favor of the City of Little Rock; and 1 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 36 284 WHEREAS, the owners of these two specific properties have agreed to match contributions from the City of Little Rock on a dollar- for - dollar basis. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The City Manager is hereby authorized to expend funds from Account No. 210- 030 -0591 for the following two specific properties and the specified amounts listed, upon the receipt of written proof that the owners of these two properties have provided an equal matching amount to be spent on the buildings' facades and have executed a deed of conservation easement in a form acceptable to the City Attorney: 114 Pulaski Street $ 2,608.12 Seventh and Sherman Streets (Kramer School) $10,000.00 SECTION 2: This resolution shall be in full force and effect from and after its adoption. PASSED: June 17, 1997 ATTEST: C2_dAj« oa- ROBBIE HANCOCK CITY CLERK APPROVED AS TO FORM: THOMAS M. CARPENTE CITY ATTORNEY APPROVED: �� i 1'