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3555 1 RESOLUTION NO. 3 ,555 A RESOLUTION WAIVING THE RIGHT OF ACQUISITION OF CERTAIN LANDS DESIGNATED IN THE PARKS, PLAYGROUNDS, AND RECREATION AREA PLAN FOR THE LITTLE ROCK PLANNING AREA; RELEASING SAID LANDS FROM ANY INTEREST OF THE CITY OF LITTLE ROCK UNDER ORDINANCE NUMBER 11, 345, AS AMENDED; AND FOR OTHER PURPOSES. WHEREAS, certain lands described in Ordinance Number 11, 345, as amended, and more particularly described in Chart 3-A as park iste 2 NF is the subject of proposed improvement, and, under Ordinance 11, 345, as amended, the City of Little Rock has the power to purchase said lands for park purposes prior to its development; and WHEREAS, it is the determination of this Board of Directors that no funds are, or will be, available for the acquisition of said lands as a park site at this time, and it is the desire of the Board of Directors to release the property from the said Park Plan and any and all interest of the City of Little Rock in and to said tract, thereby allowing full development at this time. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. Certain lands within the City of Little Rock described as all of Block 164, Original City of Little Rock and Lots 1, 2, 3, and 12, Block 424, Duvall ' s Addition to Little Rock, or all such parts thereof as are contained within the described bondaries of park site 2 NF as more particularly described in Chart 3-A and Map A-3, a part of Ordinance Number 11, 345, as amended, be and is hereby released from any interest of the City of Little Rock under the said Ordinance Number 11, 345, as amended, and the City Manager and Director of the Department of Community Development -2- together with all other agencies in the City of Little Rock are authorized to proceed with approval of the Development Plan of the said tract in accordance with applicable ordinance of the City and to issue a building permit for s said improvements if the applicant is otherwise entitled thereto. SECTION 2. This resolution shall be in full force and effect from and after its adoption. ADOPTED: May 2, 1966 . TTEST: --� _ { r'1:-' DROVED- a� / y Clerk 'iayor