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14793• 188 i ORDINANCE NO. 14,793 AN ORDINANCE AUTHORIZING THE ACQUISITION OF APPROXIMATELY ONE -HALF ACRE ADJACENT TO BUTLER PARK FOR THE PARK EXPANSION: AND APPROPRIATING $12,500.00 FOR THE PURCHASE OF THE LAND. WHEREAS, approximately one -half acre or 29,840 square feet adjacent to Butler Park is needed for expansion of the park; and WHEREAS, that property has been appraised for approximately $132,000.00; and WHEREAS, a portion of that property is in the floodway; and WHEREAS, the City desires to purchase the property, but only has limited funds; and WHEREAS, the owners are willing to dedicate the remainder. BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The Board of Directors hereby authorizes the acquisition of approximately one -half acre or 29,840 square feet of property adjacent to Butler Park for expansion of the park. SECTION 2: There is hereby appropriated from the Parks' Bond Interest Fund $12,500.00 for the acquisition of the property. PASSED: December 4, 1984 ATTEST: CITY VLERK JAN10 CZECH MAYOR J. EN D- 8