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RESOLUTION NO. 10,150
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXPEND FUNDS FROM THE HISTORIC BUILDING FACADE
GRANT PROGRAM TO ASSIST IN THE RESTORATION OF
STRUCTURES AT 309 -311 EAST MARKHAM STREET AND 317 -319
EAST MARKHAM STREET.
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 propose 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.
WHEREAS, on April 18, 1997, the Historic Building Facade Grant Architectural
Review Committee reviewed and recommended approval for two specific properties located
at 309 -311 East Markham Street and 317 -319 East Markham Street.
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
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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
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:
309 -311 East Markham Street $10,000.00
317 -319 East Markham Street $10,000.00
SECTION 2: This resolution shall be in full force and effect from and after its
adoption.
ADOPTED: December 2, 1997
ATTEST:
aAt,;, 4 cA,
ROBBIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CARP TER
CITY ATTORNEY
APPROVED:
3I AILEY
MANOR
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