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7288INNOM M M M W RESOLUTION NO. 7,288 A RESOLUTION TO PROVIDE FOR STUDY AND IMPLEMENTATION OF SOLUTIONS TO PARKING DEFICITS IN THE METROCENTER MALL AND NORTH MAIN STREET AREAS OF THE CITY OF LITTLE ROCK, ARKANSAS, AND FOR OTHER PURPOSES. M WHEREAS, early indications from a study to determine parking availability in downtown Little Rock are that alarming deficits will develop in the Metrocenter Mall Area and the North Main Street Area of the City of Little Rock; and WHEREAS, this study was commissioned by the City of Little Rock, the Downtown Partnership and Metrocenter Improvement District # 1; and WHEREAS, it is incumbent on the Board of Directors of the City of Little Rock to determine means to solve the parking deficits now while the problem is still manageable; and WHEREAS, that time is rapidly approaching, NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK THAT: SECTION 1. The City Staff is directed to investigate sources of revenue to be used to solve the problem of parking deficits anticipated in the early development (one to 5 years) of the Metrocenter Mall Area; SECTION 2. The City Staff is directed to investigate sources of revenue to be used to solve the problem of parking deficits anticipated in the early development (one to 5 years) of the North Main Street Area; SECTION 3. The City legal staff is directed to shape the elements of a contract between the City of Little Rock, the Parking Authority and Metrocenter Improvement District Number 1 to implement the development of two parking decks to serve the Metrocenter Mall Area and the North Main Street Area of the City of Little Rock, Arkansas. ADOPTED: November 19, 1984 ATTEST: ( CITY LERK JafM Vzecn APPROVED: 165 4-9 a -k