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RESOLUTION NO. 11, 561
A RESOLUTION AWARDING A CONTRACT TO
RICHARD A. STEPHENS & ASSOCIATES FOR
REAL ESTATE APPRAISAL SERVICES
WHEREAS, improvements are needed along University Avenue to improve safety,
improve traffic movement and enhance pedestrian access,
AND, Richard A Stephens & Associates was selected from qualified firms submitting
proposals to provide real estate appraisal services.
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 award a contract and execute an
agreement with Richard A. Stephens & Associates in an amount not to exceed $133,100
($121,000 plus 10% contingencies) for real estate appraisal services for the
improvements to University Avenue from Markham to 19'h Street and from 28`h Street to
Asher Avenue.
SECTION 2. Funding for the project is a combination of federal and local funds with
20% from City of Little Rock bond funds and bond fund interest earnings and 80% from
a grant from the Federal Highway Administration.
SECTION 3. This resolution will be in full force and effect from and after the date of its
adoption.
ADOPTED: August 4, 2003
ATTEST:
N CY OOD
City Clerk
APPROVED:
JIM AILEY
Mayor