10905RESOLUTION NO. 10 , 90
A RESOLUTION AUTHORIZING THE MAYOR AND THE CITY
CLERK TO EXECUTE AN AMENDMENT TO THE BILL OF
ASSURANCE OF THE LITTLE ROCK PORT INDUSTRIAL PARK
TO EXEMPT AREA 300 FROM AMENDMENT FOUR, ARTICLE
SEVEN "OUTSIDE STORAGE".
WHEREAS, the Board of Commissioners of the Little Rock Port Authority have
voted to amend its Bill of Assurance to exempt Area 300 from the "Outside
Storage "(article seven) and allow tenants of the Port in Area 300 to store goods,
equipment, supplies or other materials in the open on the front one - fourth (1/4) of said
property: and
WHEREAS, the Little Rock Board of Directors finds that such amendment of the
Bill of Assurance is appropriate for the port to allow storage on this additional acreage.
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 an
Amendment of Bill of Assurance of the Little Rock Port Industrial Park to allow tenants in
Area 300 to store products on the front one -fourth (1/4) of their property, in substantially
the form of the amendment of Bill of Assurance attached hereto as Exhibit "A" subject to
approval of the City Attorney.
ADOPTED: October 3, 2000
ATTEST:
Nancy Wooy , City Clerk
APP AS TO LEGAL FORM:
Thomas M. Carpenter, Ciq Attorney
APPROVED:
�(y
im Daiiey, Mayor
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LITTLE ROCK PORT INDUSTRIAL PARK
AMENDMENT OF BILL OF ASSURANCE
WHEREAS, the City of Little Rock, Arkansas, a municipal corporation (the
"City") is the owner of more than fifty -one percent (51%) of the area of land within the
Little Rock Port Industrial Park (the "Port") described in that certain original Bill of
Assurance dated December 16, 1971, and recorded December 16, 1971 in the records of
the Circuit Clerk and Ex -officio Recorder of Pulaski County, Arkansas, in Record book
1175 at page 543 (the "Bill of Assurance ") as subsequently amended and as amended
herein; and
WHEREAS, paragraph 7 of the Amended Bill of Assurance entitled "Outside
Storage" provided that in no area would goods, equipment, supplies or other materials be
stored in the open except on the rear three - fourths (3/4) of the property; and
WHEREAS, the City deems it necessary to amend the provision to allow storage
on the front section of the tracts in Area 300; and
WHEREAS, the undersigned being the owners of at lease fifty -one percent (51 %)
of the area of the land within the Port as described in the Bill of Assurance have the
authority to make this amendment.
NOW, THEREFORE, WITNESS:
1. That paragraph 7 entitled "Outside Storage" of the Bill of Assurance is hereby
deleted in its entirety, and the following language shall be substituted therefore:
7. Outside Storage. In all areas, except area 300, of the Little Rock
Industrial Park, as originally platted or subsequently replatted, no
goods, equipment, supplies or other material shall be stored in the open
except on the rear three - fourths (3/4) of said property.
2. Except as amended hereby, all the remaining provisions of the Bill of
Assurance are valid and in full force and effect.
WITNESS our hands and seal this day of 2000
CITY OF LITTLE ROCK-ARKANSAS
By:
or Jim Dailey
Attest:
NaAcy Wood City Clerk
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