132402010076884 Received: 121912010 9:30:36 AM
Recorded: 1216912010 09:41:16 AM Filed
�I_ Recorded in official Records of PST O'33RIEN,
1 RESOLUTION NO. 13,24(PULASKI COUNTY CIRCUIT /COUNTY CLERK
Fees $15.00
2
3 A RESOLUTION TO AUTHORIZE THE MAYOR TO SIGN A WARRANTY
4 DEED TO CONVEY PROPERTY LEASED TO A.O. SMITH TO THEIR
5 SUCCESSOR FIBERGLASS SYSTEMS, LP, AS REQUIRED BY A LEASE
6 BETWEEN THE PARTIES PURSUANT TO A 1963 ACT 9 BOND ISSUE WITH
7 PREDECESSOR A.O. SMITH; AND FOR OTHER PURPOSES.
8
9 WHEREAS, the City issued Act 9 bonds in 1963 to finance the construction of an industrial facility
10 for the A.O. Smith company, which has operated continuously at 2700 West 65th Street; and
11 WHEREAS, the successor Company is named Fiberglass Systems, LP; and
12 WHEREAS, Section 1902 (D) of the lease between the City and A.O. Smith states that after the
13 bonds are paid off that the Company has the right to buy the property for $1.00 and the City shall issue a
14 Warranty Deed; and
15 WHEREAS, Fiberglass Systems, LP seeks to purchase the property for $1.00.
16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
17 OF LITTLE ROCK, ARKANSAS:
18 Section 1. The Mayor is authorized to sign a Warranty Deed to convey the property located at
19 2700 West 65t1' Street to Fiberglass Systems, LP, pursuant to the original lease provision.
20 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
21 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adju-
22 dication shall not affect the remaining portions of the resolution which shall remain in full force and ef-
23 fect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
24 resolution.
25 Section 3. Repealer. All resolutions and other matters in conflict with this resolution are hereby
26 repealed to the extent of any consistency.
27 ADOPTED: December 7, 2010
28 ATTEST:
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35
Susan
1:
Thomas M. Carpenter, Ci Attorney
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Resolution to authorize Mayor to sign Warranty Deed ' _3
Fiberglass Systems LP (Act 9)