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2248 f RESOLUTION NO. 2248 A RESOLUTION AUTHORIZING THE MAYOR .:AND CITY CLERK TO EXECUTE CONTRACTS PROVIDED FOR IN SECTION 3 .5.7 .1 (b) OF ORDINANCE NO . 10,849 OF THE CITY OF LITTLE ROCK UPON THE RECOMMENDATION AND APPROVAL OF THE LITTLE ROCK PLANNING COMMISSION; AND FOR OTHER PURPOSES . BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The Mayor and City Clerk are hereby authorized to execute contracts provided for in Section 3 .5 .7 .1 (b) of Ordinance No . 10,849 upon the recommendation and approval in writing of the Little Rock Planning Commission . SECTION 2. The contract provided for in Section 1 hereof shall be in form and words as follows: ' AGREEMENT THIS AGREEMENT made and entered into this day of , 19 , between the City of Little Rock acting by its Mayor and City Clerk, herein- after referred to as the "City and hereinafter referred to as the ' Subdivider' . WITNESSETH: THAT WHEREAS, the Subdivider has been issued a notice of final approval by the Little Rock Planning Commission on certain lands hereinafter described and, WHEREAS, the Subdivider has satisfactorily demonstrated to the Little Rock Planning Commission his financial ability to make the required improvements hereinafter described and, WHEREAS, the City desires to allow the Subdivider to install the required improvements without requiring the Subdivider to first obtain a corporate performance bond therefor, NOW THEREFORE, in consideration of the mutual covenants -2- and promises hereinafter contained, the parties hereto agree as follows: 1. The Subdivider agrees to install at his own expense the following improvements on the lands described below: 2. The Subdivider shall construct the said improvements in compliance with Ordinance No . 10,849 , same being known as the Subdivision Rules and Regulations for the City of Little Rock, Arkansas, and all other ordinances and regulations of the City of Little Rock, Arkansas. 3 . The Subdivider shall fully complete the aforesaid improvements within a period of days from the date of execution of this agreement. 4. The City agrees that the Subdivider shall be relieved from the responsibility of filing any corporate performance bond, the Subdivider having fully demonstrated to the Plan- ning Commission his financial ability to make the improve- ments above described. WITNESS our hands and seals this day of 19 CITY OF LITTLE ROCK, ARKANSAS BY: Mayor (SEAL) ATTEST: City Clerk Subdivider Witness SECTION 3 . This resolution shall be in full force and effect • , -3- from and after its adoption . ADOPTED: November 3, 1958 LTTEST APPROVED: Q �� City Clerk or .