102491
2 RESOLUTION NO. 10.249
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4 A RESOLUTION AUTHORIZING THE SALE OF CERTAIN PROPERTY
5 LOCATED IN THE LITTLE ROCK PORT INDUSTRIAL PARK; AND FOR
6 OTHER PURPOSES.
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9 WHEREAS, Educators Book Depository of Arkansas, Inc., an Arkansas corporation (the
10 "Purchaser"), desires to purchase certain property located in the Little Rock Port Industrial Park
11 owned by the City of Little Rock, Arkansas (the "City")' and
12 WHEREAS, the City has been offered the sum of Ninety-Five Thousand Three Hundred
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14 Seventy-Five Dollars ($95,375.00) for such property and is prepared to sell the property for such
15 price.
16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
17 THE CITY OF LITTLE ROCK, ARKANSAS:
18 Section 1. The Board hereby finds that the proposed sale will secure and develop
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20 industry in the Little Rock Port Industrial Park, thereby providing substantial employment and
21 payrolls.
22 Section 2. The sale of the property for the consideration stated is hereby approved, and
23 the Mayor is hereby authorized and directed to execute for and on behalf of the City a Warranty
24 Deed and the appropriate Plat and Bill of Assurance, conveying said property to the Purchaser or
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26 its designee, and the City Clerk is hereby authorized and directed to attest said instruments and to
27 deliver the same to the Office of the City Attorney for delivery of same to the Purchaser or its
28 designee upon full payment of consideration in the sum of Ninety-Five Thousand Three Hundred
29 Seventy-Five Dollars ($95,375.00), payable to the Little Rock Port Authority.
30 Section 3. The property is substantially described as follows with such changes as shall
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32 be approved by the Mayor, his execution of the Warranty Deed authorized hereby to constitute
33 conclusive evidence of such approval:
34 Tract H, Area 101, Little Rock Port Industrial Park of the City of
35 Little Rock, Arkansas.
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Section 4. This Resolution shall be in full force and effect form the date of its adoption.
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ADOPTED: April 21, 1998
ATTEST:
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ROBBIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CARPENTER
CITY ATTORNEY
APPROVED:
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