3511 RESOLUTION NO. 3, 511
A RESOLUTION APPROVING AND ACCEPTING AN
APPRAISAL OF CERTAIN LANDS PROPCSED FOR
THE GUM SPRINGS PARK; AUTHORIZING THE CITY
MANAGER TO MAKE AN OFFER TO PURCHASE SAID
LANDS IN THE APPRAISED SUM; AND FOR OTHER
PURPOSES.
WHEREFORE, two appraisals have been procured from
independent appraisers of certain lands proposed for
acquisition and use by the City of Little Rock, Arkansas, as
Gum Springs Park; and
WHEREFORE, The highest appraisal of said lands here-
inafter described was in the sum of Twenty Three Thousand
Three Hundred Fifty and no/100 Dollars ($23, 350.00) ; and
WHEREAS, it is the desire of the Board of Directors
to authorize the purchase of said lands at the aforesaid
price;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The appraisal of certain lands, con-
sisting of approximately twenty (20) acres in the Gum Springs
area of Little Rock, as more fully and completely described
in an appraisal report dated February 10, 1966, made by
Russel L. McLean, in the sum of Twenty Three Thousand Three
Hundred Fifty and no/100 Dollars ($23, 350.00) is hereby
approved.
SECTION 2. The City Manager is hereby authorized
and directed to negotiate for and consummate an agreement
with the owners of the lands subject of the said appraisal
pursuant to which agreement the City of Little Rock, Arkansas,
may purchase the said lands for a consideration not in excess
of the appraised value as established in this resolution.
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SECTION 3. This resolution shall be in full force
and effect from and after its adoption.
ADOPTED: February 21, 1966
J
ATTEST %G .APPROVED �If
Ci y Cler ee Mayor