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4121r ORDINANCE NO. 4121. M AN ORDINANCE AUTHQRIZING THE MAYOR AND i� BOA OF PUBLIC AFFAIRS TO ENTER INTO A CONTRACT WITH THS IG ROCK STONE AND MATERIAL COMPANY, EXTENDING LEASES TO CERTAIN LANDS, AND FOR OTHER-' P -DES-. WHEREAS, On May 1st, 1919, the City of Little Rock, Ar"aees through its Mayor and its Board of Publio Affairs, aho had been thereunto duly authorized by a resolution theretofore regularly and properly, adopted and passed by the City Council of said City, made and entered into a contract with the Miller- Butterworth Company, an Arkansas corporation, under and by which said City leased unto the corporation the following parcel of land situate in the City of Little Rock, County of Pulaski and State of Arkansas, to -wit: All that tract of land known as the "Jeuryens tract", bounded on the north by the Arkansas River, on the east by the west property line of Ashley Street extended, on the south by the north right -of -way line of the Missouri- Pacific railroad, and on the west by the east property line of Spring Street exteiA d being a portion of _ = " City River Front property, title to which was vested in the City of Little Rock by the decision of the Supreme Court of Arkansas in the case of the City of Little Rook vs. Jeuryens; - WHEREAS, On March 16th, 1925, the City of Little Rock, Arkansas, acting by and through its Mayor and its Board of Public Affairsq who had been thereunto duly authorized by a resolution there- tofore regularly passed and adopted by the City Council of said City, made and entered into a contract with the Southern Material & Construction Company, an Arkansas corporation, under and by which there were added to the premises included within and covered by the above- or _ mentioned lease, the following lands, situate in the id City o Little Rook, County of Pulaski, State of Arkansas, to -wit: The property lying between the west line of Ashley Street extended, and the east line of Ashley Street exT tended,which was to be made and created by building and filling over the extension to the Ashley Street sewer referred to and provided for in said contract of March 16th, 1925; WHEREAS, The lease first above - mentioned was, f a a valuable consideration, by said Miller- Butterworth Company duly transferred and assigned to the Southern Material & Construction Company prior Page -2- Ord. No. 4121, to said 16th day of March, 1925; WHEREAS, The lease entered into, as aforesaid, by the City of Little Rock, as Lessor, and the Miller- Butterworth Company, as Lessee, on May 1st, 1919, and the contract entered into as afore- said March 16th, 1925, between the City of Little Rock, As Lessor, and the Southern Material & Construction Company, as Lessee, were, subsequent to the 16th day of March, 1925, assigned and transferred; for value, to the Big.Rock Stone & Material Company; WHEREAS, The term of said lease executed May lst, 19191 and the term of the lease contract executed March 16th, 1925, expire {, i on the 30th day of April, 1934; WHEREAS, It is desirable from the standpoint of the City of Little Rock, that the terms of said leases, both that created by and under the contract of May 1st, 1919, and that created by and under the contract of March 16th, 1925, be extended for the timo sand the terms and conditions hereinafter set forth and that there be added to and included in the leased premises the following tracts of land situate in the City of Little Rock, County of Pulaski and o State of Arkansas, to -wit,i The tract of land adjacent and east of the tract now under lease to said company, bounded on the west by the east property line of Ashley Street extended, on the south by the north line of the Missouri-Pacific Railroad Company's right -of -way, on the east by a line sixty feet (601) east of and parallel to the east property line of Ashley Street extended and on the north by the harbor line of the Arkansas River, as now or hereafter established; The tract of land bounded on the east by the west line of the tract now and heretofore under lease to said company, on the south by the north line of the Missouri- Pacific Railroad Company's right -of -way, on th-e west by the west property line of Broadway Street and on the north by the harbor line of the Arkansas River, as now or here - after established; WHEREAS, The Big Rock Stone & Material Company is desirous Cage -3- Ord. No. 4121. of extending the terms of said leases for the period of time and upon the terms and conditions hereinafter set forth, provided, there can be added to and included in the leased premises the tom. tracts of land last above described; and the said company agrees to enter into a contract with the said City through its Board of Public Affairs to pay as rental for the above- desoribed lands, including the tracts last above referred to, the sum of One Hundred Fifty Dollars ($150.00) per month throughout and during the term hereof, said sums to be paid monthly in advance, and to do and perform the other conditions and things herein required; WHEREAS, The Big Rook Stone & Material Company is, by reason of the business in which it is engaged, in position to obtain at minimum expense material with which to fill and extend the leased lands; and AREAS, The company ^ is willing to agree as part 6f--the consideration for the use of said lands: (1) When the Lessor so requests, or when Lessee deems the time proper so to do, Lessee.will exercise its best endeavors with a view to securing from the govdrnment of the United States assent to the re- location of the harbor line in front of said lands upon a line situate north of the present location of said harbor line; (2) The Lessee the but the leased premises with dirt or all fills shall be so placed as to effect a gradual increase in the grade of said lands and in their extent; (3) In order to protect the openings of the sewers opening or extending to or through the leased lands at the feet of Broadway; Street and Spring Street, reppectively, from such extension of the area of the leased lands as may be accomplished during the term of the lease, to extend each of said sewers in good and workmanlike manner to the satisf action of the Lessor's City Engineer, so that their outlets and when upon the harbor line as said line into' , a re- location thereof shall have been obtained by Lessee, the work of extending said sewers to be begun within a reasonable time after the re- establishment of said harbor line and to be prosecuted to completion *ith proper dispatch, no such extension to be of size greater than the sizes of said sewer openings at the present time. F_ fi Page -4- Ord. No. 4121. BE IT, THEREFORE, ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS: Seca 1. That the Mayor and the Board of Public Affairs of be, and they hereby are, authorized, empowered and directed to enter into a contract with the Big Rook Stone & Material Company, its successors and assigns, extending said leases to a period ending on the 30th day of April, 1941, at a monthly rental of One Hundred Fifty Dollars ($150.00), payable monthly in advance, and extending said leases, furthermore, so that the leased premises shall be and constitute the following parcel of-land, situate in the City of Little Rock, County of Pulaski and State of Arkansas, to -wit: The tract or parcel of land bounded on the south by the north line of the Missouri- Pacific Railroad Company's right -of -way; on the east by a line sixty feet (601) east of,and parallel to the east property line of Ashley'`Street extended-, on the west by the west property line of Hr- oadiray Street extended and on the north by the harbor lima of the Arkansas River as the same may now or-hereafter be established (so far as the City's interest may extend); that the Big Rock Stone & Material Company, the Lessee, shall have the privilege of renewing said lease for a period of five (5) years from the 30th day of April, 1941, at the said monthly rental of Otte Hundred Fifty Dollars ($150-00); that all of that portion of the term hereof which begins on the 1st day of May, 1934, and ends on the 30th day of April, 1941, shall be subject to the terms and conditions set forth in Section three (3) hereof and all that portion of the term hereof subsequent to the 30th day of April, 1941, shall be subject to the terms and conditions set forth in section four (4) tereof. Sec. 2. By way of further consideration for said lease and for the use and occupancy of said premises Lessee agrees that: (1) When Lessor so requests, or when Les time proper so to do, Lessee will exercise its with a view of securing from the government of States assent to the re- location of the harbor of said lands upon a line situate north of the of said harbor line; see deems the best endeavors the United line in front present location 66 R Page -5- Ord. No. 4121. (2) The Lessee shall have the right to fill any part of the leased premises with dirt or other suitable materials; but all fills shall be so placed as to eif ect a gradual increase in the grade of said lands and in their extent. (3) In order to protect the openings of the sewers opening or extending to or through the leased lands at the feet of Broadway Street and Spring Street, respectively, from such extension.of the area of the leased lands as may be accomplished during the term of the lease, Lessee will extend each of said sewers in good and workmanlike manner to the satisfaction of the Lessor's City Engineer, so that their outlets shall be upon the harbor line as said line may be located, if and when a re- location thereof shall. have been obtained by Lessee, the work of extending said sewers to be begun within a reasonable time after the re- establishment of said harbor line and to be prosecuted to completion with proper dispatch, no such extension to be of size greater than the sizes of said sewer openings at the present time. Sec. 3. The Lessee shall not be disturbed in the sole and peaceable possession of the premises or of any part thereof, prior to the 30th day of April, 1934, but at any time after said 30th day of April, 1934, and prior to the 30th day of April, 1941, in the event that the City -shall desire said lands for park purposes the Lessee shall and will, when and after (a) the City shall have given the Lessee one (1) year's notice of its intention and desire, (b) there shall have been made, at Lessor's expense, by a competent and nationally known appraisal company, selected by Lessee and approved by the City, an appraisal and valuation of all improvements which shall have been made, erected, constructed or placed by the Lessee upon, in or about the said lands or any addition thereto which may halve been created by the Lessee after this date and (c) the City ,*hill have paid to the Lessee-the full value, as fixed by said appraisal company, of all improvements which the Lessee shall have made, constructed, erected or placed as aforesaid, less the appraised value of such of said improvements as the Lessee may elect to remove and retain for its own purposes (such election and removal to be made and effected within one (1) year from and after the date of the completion of said appraisal) peaceably quit and surrender said Page —6— Ord. No. 4121. lands to the City; and this lease and the rights of the Lessee there- in and thereunder shall thereafter be at an end. Sec. 4. In the event that at any time subsequent to the 30th day of April, 1941, the Lessor shall desire the said lands for city purposes the Lessee shall and will, within one {1) year after the receipt by it from Lessor of written notice of Lessor's intention and desire, peaceably quit and surrender said lands to the Lessor. During the one —year period following the receipt of said notice, the Lessee may remove from said lands, and may retain for its own use and benefit, all improvements, including, among other things, buildings, sheds, warehouses, loading and unloading bins and elevators, platforms, machinery, equipments switch tracks and spur tracks, etc., which it may have placed, made, erected or constructed on or upon the said lands or any addition thereto vhich :a may have been created by Lessee during the term hereof. All such -_ improvements as Lessee can not or shall not have removed from the said premises before the expiration of one (1) year following the date of said notice shall, at the end of said year, become,and thereafter be, the property of Lessor without the payment by Lessor of any consid- eration therefor. Sec. 5. No building or other structure save only a rail- road switch track or spur track or tracks shall be placed, erected or- construoted on the west one hundred fifty feet (150') of the leased premises. Sea. 6. At no time during the term hereof shall there be installed on the east sixty feet (601) of the leased premises any machinery that will or may create noises constituting a nuisance to Page -7- Ord. No. 4121. j otZting property. All ordinances and parts of ordinances in are hereby repealed. It I X*PLM&: , Approved: AQ� Passed; Abecxxxxx xk*cxOC Januar y 24 . 1 2 � 9 7 Attest: City Clem t n ✓S