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9721ORDINANCE NO. 9721 AN ORDINANCE AUTHORIZING AND REQUESTING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT WITH McKESSON & ROBBI NS, INC., WHEREBY THE CITY AGREES TO LEASE TO McKESSON & ROBBINS, INC. THE PREMISES DESCRIBED AS LOTS 1, 2, AND 3, BLOCK 79, ORIGINAL CITY OF LITTLE ROCK, PULASKI COUNTY, ARKANSAS, ( OTHERWISE KNOWN AS 112 NORTH MAIN STREET) , FOR THE MONTHLY RENTAL OF $708.33 FROM THE TIME THE CITY OF LITTLE ROCK, ARKANSAS ACQUIRES TITLE TO JUNE 30, 19559 AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. That the Mayor and City Clerk are hereby authorized and requested to execute a lease agreement with McKesson & Robbins, Inc. whereby the City of Little Rock agrees to lease to McKesson & Robbins, Inc. the premises described as Lots 1, 2, and 3. Block 79, ORIGINAL CITY OF LITTLE ROCK, Pulaski County, Arkansas (otherwise known as 112 North Main Street) for the monthly rental of $708.33 from the time the City of Little Rock, Arkansas acquires title to June 30, 1955• SECTION 2. That the terms of said lease agreement are as follows, to -wit: AGREEMENT WHEREAS, the City of Little Rock proposes to construct a street popularly known as "Riverfront Drive, and for such pur- pose desires to acquire Lots 1, 2, and 3, Block 79, Original City of Little Rock; and WHEREAS, the City of Little Rock has heretofore filed an action in the Pulaski Circuit Court against Irma Culbert Lincoln and W. B. Worthen Bank & Trust Company, as defendants, seeking to acquire said property by eminent domain; and WHEREAS, McKesson & Robbins, Inc., is occupying said prop- arty as tenant under a lease providing for payment of annual rentals of $8,500 and is a proper and necessary party to the aforementioned action; NOW, THEREFORE, WITNESSETH: 1. If McKesson & Robbins, Inc., will intervene in said aforementioned cause, and if McKesson & Robbins, Inc., Irma -2- Culbert Lincoln, and W. B. Worthen Bank & Trust Company will consent to an order of condemnation as prayed in the complaint in said action upon a total payment to said parties of $230,000, said sum of $230,000 to be allocated as between said parties in such manner as they may agree, the City of Little Rock agrees to permit McKesson & Robbins, Inc., at its option, to continue t© occupy said premises as tenant of the City of Little Rock until May 1, 1955, without any disturbance of its occupancy and guaranteeing to the said McKesson & Robbins, Inc., full and free access to said premises the same as now enjoyed by it; and the City of Little Rock further agrees that McKesson & Robbins, Inc. may continue to occupy said premises after May 1, 1955, as tenant of the City of Little Rock until June 30, 1955, provided that during two months' period the City of Little Rock may, if it de- sires, deprive McKesson & Robbins, Inc. of its access to said building under the Main Street bridge to its present truck - loading docks if it provides, at the expense of the City, a new access to said building by road from Cumberland Street north across the Missouri Pacific Railroad tracks, thence west to the present railroad loading docks on the north side of the building occupied by the said McKesson & Robbins, Inc., and provided, further, that the City shall at its own expense re- design the railroad loading docks on the north side of said building so as to permit use.thereof by truck traffic, all in accordance with the blue print attached hereto and marked "Exhibit A "; and pro- vided further that the City shall defray the expense of necessary package chutes from the first floor of the building on said premises to the basement floor. 2. It is further agreed that the monthly rent to be paid by McKesson & Robbins, Inc., to the City of Little Rock after the City of Little Rock acquires title shall be one - twelfth (1/12) of the annual rental of $8,500 payable monthly in advance. EXECUTED this r day of December, 1954• ATTEST: City Clerk CITY OF LITTLE ROCK, By Mayor , , , -3- SECTION 3. That all ordinances or parts of ordinances in conflict herewith are hereby repealed, and this ordinance shall be in full force and effect from and after its passage and ap- proval. j PASSED: December 20, 1954 ATTEST: APPROVED: It City Clerk frp-� Mayor