11638I RESOLUTION NO. 11,638
2
3 A RESOLUTION TO AUTHORIZE THE SALE OF THE FORMER
4 YMCA BUILDING AT 524 SOUTH BROADWAY TO BMS, INC.
5 AND TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A
6 SALES CONTRACT FOR THE PROPERTY; AND FOR OTHER
7 PURPOSES.
8
9 WHEREAS, the City acquired the YMCA Building located at the comer of 6th and
10 Broadway Streets at 524 South Broadway in July of 1996, and
11 WHEREAS, under the City's ownership the structure has remained boarded up and
12 vacant, however, it is in dire need of renovation and restoration, and
13 WHEREAS, the City, through its agent David Carpenter of Dickson Flake Partners, has
14 sought offers for the building, and
15 WHEREAS, the City's agent has recommended that the City accept the offer received
16 from BMS, Inc., an Arkansas corporation, to purchase the building for Two Hundred Thousand
17 Dollars ($200,000), and
18 WHEREAS, BMS, Inc. has agreed to certain deed restrictions in order to preserve the
19 significant architectural features of the building, and
20 WHEREAS, the Little Rock Board of Directors deems it appropriate and in the best
21 interest of the public health, safety and welfare to enter into a contract for sale of the building to
22 BMS, Inc. with the restrictions concerning the historic architectural features as noted below.
23 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
24 THE CITY OF LITTLE ROCK, ARKANSAS:
25 Section 1. The sale of the former YMCA building and property at 524 South Broadway
26 (the "Property ") to BMS, Inc. is hereby authorized and the City Manager is authorized to enter
27 into a sale agreement for same on behalf of the City, subject to the prohibition against altering
28 the key architectural features listed in Section 2 below.
Rewlution
To wthozize ole of YMCA building to
BMS, Inc.
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Section 2. BMS, Inc. is specifically prohibited from altering the following key
architectural features:
1. Exterior:
A. All elements of the exterior are restricted except those added after original
construction such as the awnings and the security lamps.
B. Windows may be replaced with non - operable windows. Design of the window
frames and mullions should match the existing, and materials used should be as
similar as possible in appearance.
C. If it is not practical to retain the tile roof, every reasonable effort should be made
to retain the tile around the perimeter of the building.
2. Courtyard:
A. Same criteria as exterior above.
B. Retain the tile roof above the first floor in the courtyard.
3. Interior:
A. Lobby
1) Floor
2) Textured stucco walls and columns
3) Capitals
4) Tile facing and arch surrounds
J) Ceiling design and material
6) Stairs
B. Broadway Entrance Foyer
1) Both sets of entry doors
2) Light fixture
3) Floor
4) Textured stucco walls and marble
C. Parlor north of Lobby
1) Textured stucco walls
2) Arched windows with leaded glass
Remlution
To amintin We of YMCA Wilding to
BMS. Inc.
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3) Fireplace
4) Beamed ceiling
S) Perimeter floor area
6) Entrance door and surround
D. Room south of Lobby
1) Textured stucco walls and wall design
2) Ceiling design
3) Columns between windows
4) Fireplace
These restrictions shall be documented and recorded and shall survive closing.
Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause,
phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
declaration or adjudication shall not affect the remaining portions of the resolution which shall
remain in full force and effect as if the portion so declared or adjudged invalid or
unconstitutional was not originally a part of the resolution.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are
inconsistent with the provisions of this resolution, are hereby repealed to the extent of such
inconsistency.
ADOPTED: December 2, 2003
ATTEST:
Na cy Woo , City Clerk
APPROVED AS TO FORM:
Thomas M. Carpenter, City ttorney
//
Re elution
To.11onn sale of YMCA Wilding to
BMS, IM.
APPROVED:
Jim Failey, Mayor
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