11360RESOLUTION 11,360
A RESOLUTION APPROVING THE TERMS AND PROVISIONS OF THAT
CERTAIN SECOND AMENDMENT TO CONSTRUCT AND LEASE, PARKING
AND CONCESSION AGREEMENT (THE, "SECOND AMENDMENT ") BY AND
BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS (THE, "CITY ") AND
CAPITOL CITY HOTEL LIMITED PARTNERSHIP, AN ILLINOIS LIMITED
PARTNERSHIP ( "CCH "); AUTHORIZE THE MAYOR AND CITY CLERK TO
EXECUTE AND PERFORM THE SAME AND TO TAKE ANY AND ALL STEPS
AND ACTION NECESSARY OR DESIRABLE TO FULLY EFFECTUATE THE
CONSUMMATION OF THE TRANSACTION CONTEMPLATED BY THE
AFORESAID DOCUMENTS, DECLARING AN EMERGENCY AND
PRESCRIBING OTHER MATTERS PERTAINING THERETO.
WHEREAS, the City and Capitol City Hotel Limited Partnership, an Illinois
limited partnership, made and entered into that certain Construct and Lease, Parking and
Concession Agreement dated November 2, 1994 (hereinafter referred to as the "Parking
and Concession Agreement "); and,
WHEREAS, CCH and the City have reached agreement on revisions to the
Construct and Lease, Parking and Concession Agreement as evidenced by that certain
Second Amendment, a true and correct copy of which is attached hereto.
NOW, .THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. That the terms and provisions of the Second Amendment to
Construct and Lease, Parking and Concession Agreement be and the same is hereby fully
approved and the Mayor and City Clerk be and hereby are authorized, empowered and
directed to make, execute, deliver and perform the Second Amendment to Construct and
Lease, Parking and Concession Agreement.
SECTION 2. In furtherance of the foregoing the Mayor and City Clerk be and
hereby are authorized, empowered and directed to make and execute any documentation
and do, take and perform any and all other steps, actions or things deemed necessary or
desirable to fully effectuate the transactions contemplated by the Second Amendment to
Construct and Lease, Parking and Concession Agreement.
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Resolution
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SECTION 3. This Resolution shall be and is in full force and effect from
and after its adoption.
ADOPTED: August 27, 2002
ATTESTED BY:
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APPROVED BY: