3248 RESOLUTION NO. 3 ,248
A RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN
REAL PROPERTY TO BE USED FOR INDUSTRIAL DEVELOPMENT
AND RELATED PORT AND PORT TERMINAL FACILITIES; AUTHOR-
IZING THE PREPARATION OF PLANS AND SPECIFICATIONS FOR
IMMEDIATE PLATTING, SUB-DIVIDING, AND DEVELOPING APPROX-
IMATELY 210 ACRES OF SAID REAL PROPERTY; AUTHORIZING
THE EXPENDITURE OF BOND FUNDS FOR THESE AND RELATED
PURPOSES ; AND FOR OTHER PURPOSES.
WHEREAS, based upon the recommendation of the Little Rock
Port Authority, the City of Little Rock deems it now necessary
and vital to proceed immediately with the acquisition of lands
near the City of Little Rock to be utilized for industrial de-
velopment and related port and port terminal facilities pur-
poses ; and
WHEREAS, the lands to be acquired have heretofore been
appraised by two teams of appraisers and copies of said appraisals
are on file with the City of Little Rock and the Little Rock
Port Authority; and
WHEREAS , it is the desire of the City to proceed immed-
iately following acquisition of said lands with plans for
platting, sub-dividing, and developing approximately 210 acres
of said lands for industrial development purposes.
NOW, THEREFORE BE IT RESOLVED by the Board of Directors of
the City of Little Rock, Arkansas, :
SECTION 1. That the City Manager and the Little Rock Port
Authority are hereby authorized and directed to proceed immed-
iately with the acquisition of certain parcels of land within the
contemplated industrial development and marine terminal facil-
ities plan heretofore approved by the City of Little Rock and
the Little Rock Port Authority within the site recommended by
expert engineers and advisors heretofore accepted and approved
by the City of Little Rock. The full legal description of each
parcel or tract of land to be acquired and the appraisals there-
of are now and shall hereafter remain on file in the office of
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the Real Estate Department of the City of Little Rock, Arkansas.
Said parcels or tracts are also identified by numbers of one (1)
through ten (10).
SECTION 2. In purchasing said lands, the City Manager and
the Director of Finance are hereby authorized to pay by warrant
of the City of Little Rock, based on the appraisals referred to
in the preceding section, an amount not to exceed the highest of
said appraisal for the respective parcels or tracts purchased
and to pay same to the person, persons or corporations entitled
thereto according to the opinion of the City Attorney so as to
vest full legal title to the parcel or tract in the City of
Little Rock, Arkansas.
SECTION 3. The City Manager and the Little Rock Port Au-
thority are authorized and directed to proceed with the prep-
aration of plans and specifications for industrial development
of approximately 210 acres of the lands acquired herein, and
for this purpose, they are authorized to employ such professional
services as may be necessary in the preparation of such plans
and specifications. The City Manager and the Little Rock Port
Authority are further authorized and directed to advertise and
take bids for the construction of improvements and development
of said 210 acres in keeping with the plans and specifications
herein authorized. Further, the City Manager and the Director
of Finance are hereby authorized and directed to pay any and all
direct and related expenses incurred in fulfilling the require-
ments of this section, provided such is approved in writing by
the Little Rock Port Authority.
SECTION 4. All monies expended pursuant to authority of
this resolution shall be paid from proceeds of General Obliga-
tion Bonds of the City of Little Rock, Arkansas, Series 1964
issued pursuant to Amendment No. 49 to the Constitution of the
State of Arkansas, and appropriated by Ordinance No. 11,534 of
the City of Little Rock to Project No. 47 and identified as
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"Port and Industrial Development. "
SECTION 5. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: December 7 , 1964
ATTEST -7 • Edema APPROVED: AAft.4../ -
City Clerk Ma or