04-13-94587
Board of Directors Room
City Hall - 500 W. Markham
Little Rock, Arkansas
April 13, 1994 - 1:50 P.M.
The Board of Directors of the City of Little Rock, Arkansas
met in Special Session with Mayor Jim Dailey presiding. In the
absence of City Clerk Robbie Hancock, Assistant City Clerk
Vanessa Sykes called the roll with the following Directors in
attendance: Directors Sharp, Mason, Adcock, Hendrix, Scheibner,
Keck and Joyce - total 7; Absent - Directors Priest, Roy, and
Lewellen - total 3.
With a quorum present, Mayor Dailey declared the Board of
Directors in session and stated the purpose of the Special
Meeting was to discuss the process for evaluating and negotiating
with prospective buyers of the Camelot Hotel.
Consideration was then given to Resolution No. 9,141,
entitled:
A RESOLUTION ACCEPTING THE PROCESS RECOMMENDED BY THE
ADVERTISING AND PROMOTION COMMISSION FOR EVALUATING AND
NEGOTIATING WITH PROSPECTIVE BUYERS OF THE CAMELOT HOTEL; AND FOR
OTHER PURPOSES;
Mr. Hal Kemp, attorney for the Advertising and Promotion
Commission, gave a brief summary of the process recommended by
the Advertising and Promotion Commission pertaining to the sale
of the Camelot Hotel. He explained that the Commission had hired
the consulting firm of Flake, Tabor, Tucker, Wells and Kelley to
seek proposals to buy and renovate the Camelot Hotel, and to
evaluate and select candidates for further evaluation and
negotiation. The proposals have been narrowed down to five
finalists. The recommendation is that a negotiating committee of
Barry Travis, Hal Kemp, John Pryor, Tom Carpenter and the
consulting firm take the necessary steps to proceed and complete
the negotiations with the five candidates and to present the
agreements to the Commission and the Board of Directors for
consideration and approval. Mr. Kemp responded to questions by
the Board of Directors. The Resolution was then read in full.
There was a motion by Director Adcock, seconded by Director
Scheibner, to adopt the Resolution, and the Resolution was
adopted unanimously by the Board Members present.
There being no further business to be presented, the Board
of Directors adjourned the Special Meeting at 1:55 o'clock P.M.
to meet again in regular session on Tuesday, April 19, 1994.
ATTEST: APP 0 ED:
City Clerk Robbie Hancock Ma or Jim Dailey
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