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12566-XI RESOLUTION NO. 12,566 — X 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A 4 PURCHASE AGREEMENT WITH FRIENDS OF THE CAROUSEL, INC. FOR THE 5 PURCHASE OF THE OVER- THE -JUMPS CAROUSEL IN THE AMOUNT OF 6 $150,000; AND FOR OTHER PURPOSES. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 WHEREAS, the Over- the -Jumps Carousel is an antique Herschell- Spillman carousel that first came to Little Rock at the state fair held at State Fair Park, now known as War Memorial Park, in 1924, the year it was manufactured, and WHEREAS, the Over- the -Jumps style of carousel, of which only a handful or so were ever built, has an undulating track that gives riders the impression of riding on jumping or flying horses, and WHEREAS, from 1942 until 1991, the Over- the -Jumps Carousel was located north of the Zoo and was happily ridden by generations of Arkansans and visitors to the City, and WHEREAS, Friends of the Carousel, Inc. was formed to purchase, restore, and repair this historic landmark and to put it back into operation for the benefit of future generations, and WHEREAS, the carousel, the only one of its kind left in existence, has been painstakingly restored at great cost and has been placed on the National Register of Historic Places as being of national significance, and is now being installed at the Little Rock Zoo, and WHEREAS, Little Rock citizens voted for bond funding to build a cover for the carousel at the Little Rock Zoo, which has been accomplished, and WHEREAS, in 2004, the City and Friends of the Carousel, Inc. entered into a 99 -year lease of the carousel that provided for a division between them of the proceeds from all carousel rides and rentals, and WHEREAS, Friends of the Carousel, Inc. would like for the Over- the -Jumps Carousel to be a permanent part of the Zoo and is wilting to sell it to the City for $150,000, much less than its actual value, which amount will pay off the debt remaining for all the restoration and repair work on the carousel and will allow the Zoo to have all the proceeds from the carousel rides and rentals, and WHEREAS, the Little Rock Civitan Club, a local community service organization that has for decades supported the Zoo and other civic projects in Little Rock, has generously donated $50,000 of the $150,000 needed for the purchase of the carousel. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. The Board of Directors hereby authorizes the City Manager to enter into a purchase agreement with Friends of the Carousel, Inc. to purchase the restored antique carousel that operated at War Memorial Park for approximately 50 years, known as the Over- the -Jumps Carousel, in the PAGE 1 OF 2] Resolution to authorize the purchase of the Over - the -jumps Carousel I amount of $150,000, with $50,000 of that amount provided by the Little Rock Civitan Club. The City 2 Manager is authorized to execute the purchase agreement in a form acceptable to the City Attorney. 3 Funds for this purchase have been appropriated from account numbers 607101 -72200 ($125,000) and 4 STF325659 -72200 ($25,000). 5 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, 6 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such 7 declaration or adjudication shall not affect the remaining portions of the resolution, which shall remain 8 in full force and effect as if the portion so declared or adjudged invalid or unconstitutional were not 9 originally a part of the resolution. 10 Section 3. Repealer. All ordinances, resolutions, bylaws, and other matters inconsistent with 11 this resolution are hereby repealed to the extent of such inconsistency. 12 ADOPTED: September 4, 2007 13 14 15 16 17 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 ATTEST: Na"n# Wood, C' y Clerk APPROVED AS TO LEGAL FORM: Thomas M. Carpenter, City Atto ey Resolution to authorize the purchase of the Over - the -jumps Carousel APPROVED: Mark Stodola, Mayor PAGE 2 OF 2]