2329 RESOLUTION NO. 2329
A RESOLUTION AUTHORIZING AND DIRECTING THE MAYOR AND CITY
CLERK TO EXECUTE AND ENTER INTO A RENEWAL LEASE AGREEMENT
WITH THE CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY
FOR PROPERTY TO BE USED BY THE CITY AS A MATERIAL STORAGE
YARD; PROVIDING ONE HUNDRED SEVENTY FIVE AND NO/100 DOLLARS
($175 .00) AS THE ANNUAL RENTAL THEREFOR; AND FOR OTHER PUR-
POSES.
WHEREAS, the City of Little Rock has been leasing from the
Chicago, Rock Island and Pacific Railroad Company certain property
identified by Lease No. B-35671 used as a Material Storage Yard
for a rental of Twenty and No/100 Dollars annually; and
WHEREAS, the Chicago , Rock Island and Pacific Railroad Company
has offered the City an Option to renew said Lease at a rental
of One Hundred Seventy Five and No/100 Dollars ($175 .00) annually;
and
WHEREAS, the City is desirous of renewing the said Lease at
the proposed increased rental;
NOW THEREFORE, 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 and
directed to execute and enter into a Renewal Lease Agreement with
the Chicago, Rock Island and Pacific Railroad Company for property
to be used by the City as a Material Storage Yard for an annual
rental of One Hundred Seventy Five and No/100 Dollars ($175 .00) .
Said property is identified by Lease No . B-35671 recorded in the
Little Rock City Clerk' s Office. Except for the annual rental,
the said Renewal Lease Agreement shall contain the same provisions
as said Lease No. B-35671.
SECTION 2. This resolution shall be in full force and effect
from and after its adoption.
ADOPTED: April 20, 1959
ATTEST: l APPROVED:
P(A-JL, te- /4(t1/
City Clerk Mayor.