Loading...
3659 RESOLUTION NO. 3,659 A RESOLUTION APPROVING AND AUTHORIZING A LEASE AGREEMENT BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS AND THE ARKANSAS STATE HIGHWAY COM- MISSION FOR CERTAIN LANDS TO BE USED BY THE CITY OF LITTLE ROCK AS LESSEE FOR THE PURPOSE OF PARKING CITY EMPLOYEE VEHICLES; AND FOR OTHER PURPOSES: WHEREAS, there is a definite need for parking areas for City of Little Rock Employee vehicles; and WHEREAS, the Arkansas State Highway Commission has agreed to a Lease in favor of the City of Little Rock of certain lands being situated in Block 185 of the original City of Little Rock to be used for the purpose of parking City of Little Rock Employee vehicles. 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 for and on behalf of the City of Little Rock to enter into a Lease Agreement to provide parking areas for the City of Little Rock Employee vehicles which Lease Agreement shall be in form and substance as follows : LEASE AGREEMENT This Agreement , this day entered into by and between Arkansas State Highway Commission, as party of the first part , hereinafter referred to as Lessor, and the City of Little Rock, Arkansas , as party of the second part , hereinafter referred to as Lessee, WIT NESSETH: The Lessor, for and in consideration of the agreements and undertakings of the Lessee hereinafter contained, has leased and let , and by these presents does hereby lease and let unto Lessee for the term, and for the purposes and on the conditions hereinafter contained, the following described real estate situated in Pulaski County, to wit : Part of Block 185 of the original City of Little Rock, Pulaski County, Arkansas , more particularly described as follows : The West 100 feet of Block 185 , lying South of Access Road and North of the northerly Main lane of Riverfront Drive and containing 12,000 square feet , more or less , Less and Except that part of the above description used for Highway purposes . ALSO: Part of Block 185 of the original City of Little Rock, Pulaski County, Arkansas and part of the existing right of way of Broadway Street lying under the Broadway Bridge, more particularly described as follows : Beginning at a point on the East line of Block 185, which is 150. 0 feet North of the Southeast Corner of Block 185 ; thence West parallel to the South line of Block 185 , a distance of 227. 7 feet to a point on a 47° 22' 53" curve, deflecting 148° 22 ' to the Right to fix the tangent to the curve at this point ; thence along the 47° 32' 53" Curve to the Right a distance of 39. 2 feet to end of curve; thence along a tangent line having a deflection of 13° 00' to the North from a line parallel to the South line of Block 185 a distance of 142. 8 feet to the beginning of a 71° 10' 30" Curve to the Left ; thence along the 71° 10 '30" Curve to the Left a distance of 67. 6 feet to a point on the East line of Block 185 (said point being 236. 5 feet North of the Southeast Corner of Block 185) ; thence in a northerly direction along said East line a ' I -2- distance of 35 feet to a point ; thence in an easterly direction a distance of 80 feet , to a point on the West line of Block 186 ; thence in a southerly direction along said West line a distance of 235 feet , more or less to a point on the centerline 1 of the northerly main lane of Riverfront Drive ; thence in a westerly direction along said centerline a distance of 80 feet to a point on the East line of Block 185 ; thence in a northerly direction along said East line a distance of 115 feet , more or less , to the point of beginning and containing 26 , 613 square feet , more or less , Less and Except that part of the above description used for Highway purposes . To have and to hold the same unto the said Lessee for and during the term hereinafter provided and the conditions hereinafter expressed. 1 . Term of Lease. This lease shall be for a term of one (1) year, beginning on the day of , 1966 and ending on the day of , 1967 ; provided however , that either party shall have the right to terminate said lease upon giving thirty (30) days ' written notice to the other party. Lessee shall have the option of renewal of this lease for a like term and at the same consideration upon giving written notice of its intention so to do no later than sixty (60) days prior to the expiration of the term of this lease. 2. Purpose. The property conveyed by this lease is to be utilized exclusively by Lessee for the purpose of providing parking for vehicles of employees of Lessee. Lessee covenants and agrees with Lessor that it will not sublease or sublet said property or any part thereof. 3 . Consideration. As consideration for this lease, Lessee agrees to pay and Lessor agrees to accept the sum of $1. 00, which the Lessor and Lessee agree is adequate and in the public -3- interest , payment of which having this day been made, receipt thereof is hereby acknowledged. 4. Other considerations . It is mutually agreed that Lessee may cause to be made such improvements upon said lands as in its judgment are deemed necessary to insure that the said lands are used only and exclusively for the purposes hereinabove set forth, provided such improvements are approved by the Lessor ' s Engineer. Lessee further agrees that no explosives , combustibles or any material wich might be deemed to be a danger to the property of Lessor , will be stored on said lands . Lessee further agrees that it will hold harmless the Lessor from liability for injury or damages to persons or property arising from the use of the said lands by the Lessee, whether such persons be the employees of Lessee or whether they be members of the general public , and whether such property be the property of Lessee or the property of others . Dated this day of , 1966 . ARKANSAS STATy HIGHWAY COMMISSION, LESSOR By �!, /( CITY OF LITTLE ROCK, ARKANSAS , LESSEE By -2- SECTION 2. All Police powers of the City of Little Rock shall be utilized to the fullest extent possible and necessary to reserve the lands covered by this Lease for the exclusive purpose of parking City of Little Rock Employee vehicles and none other. SECTION 3. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: November 21, 1966 ATTEST:%-)4 , Wit / APPROVEDO 3 City Clerk Mayo.