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3036 RESOLUTION NO 3,036 A RESOLUTION AUTHORIZING THE CONVEYANCE BY QUITCLAIM DEED OF RIGHT-OF-WAY PROPERTIES OWNED BY THE CITY OF LITTLE ROCK, ARKANSAS, TO THE ARKANSAS STATE HIGHWAY DEPARTMENT AND FOR OTHER PURPOSES : WHEREAS , the City of Little Rock, Arkansas, has acquired and will acquire certain tracts of property located in the pro- posed East-West Expressway within the City of Little Rock, Arkansas, which tracts shall constitute portions of the right-of-way for the East-West Expressway: and WHEREAS , The Arkansas State Highway Department has provided by its Minute Order No. 4784 dated August 2, 1962, that right-of- way acquired by the City of Little Rock under standards and proce- dures acceptable to the Bureau of Public Roads and the State Highway Department may be submitted to the Bureau of Public Roads for participation of federal funds to the maximum amount of $800,000.00 , and WHEREAS , the City of Little Rock desires to submit from time to time right-of-way which has been acquired for East-West Expressway in order that it may be reimbursed for costs expended in acquiring such right-of-way up to the maximum eligibility of such parcels of right-of-way submitted. 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 convey by quitclaim deed to the Arkansas State Highway Department tracts of land within the proposed right-of-way of East- West Expressway as same are acquired by the City of Little Rock for right-of-way purposes. SECTION 2. All money received from the Arkansas State Highway Department and the U. S. Bureau of Public Roads for participation in the acquisition of right-of-way for the East-West Expressway -2- shall be, when received by the City, deposited to the City of Little Rock Street Right-of-Way Fund, Project 1-Expressway. SECTION 3. This resolution shall be in full force and effect from and after its adoption. ADOPTED: June 17, 1963 ATTEST APPROVED: r _•Lep..., 4 City e la or.