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13709 2013045633 Received: 6/20/2013 11:03:38 AM Recorded: 06/20/2013 11:10:18 AM Filed& Recorded in Official Records of Larry Crane, PULASKI COUNTY CIRCUIT/COUNTY CLERK 1 RESOLUTION NO. 13,76r$20.00 2 3 A RESOLUTION TO AUTHORIZE THE LEASE OF PROPERTY 4 OWNED BY WORLD SERVICES FOR THE BLIND, INC., LOCATED AT 5 2823 TYLER STREET, TO PROVIDE A NEIGHBORHOOD ALERT 6 CENTER FOR TEN (10) YEARS WITH AN OPTION TO EXTEND THE 7 TERM FOR FIVE (5) ADDITIONAL YEARS, IN THE AMOUNT OF AN 8 INITIAL PROPERTY IMPROVEMENT FEE NOT TO EXCEED FORTY 9 NINE THOUSAND DOLLARS ($49,000.00), TO BE REIMBURSED 10 THROUGH WAIVER OF A FIVE HUNDRED DOLLAR ($500.00) 11 MONTHLY RENTAL FEE UNTIL SUCH TIME AS THE 12 IMPROVEMENT FEE IS REPAID IN FULL; AND FOR OTHER 13 PURPOSES. 14 15 WHEREAS, the World Services for the Blind, Inc., ("World Services") owns property with 16 improvements located at 2823 Tyler Street, in Little Rock, Arkansas, and is willing to lease the property 17 for use by the Little Rock Housing and Neighborhood Programs Department (the "Department") as a 18 Neighborhood Alert Center; and, 19 WHEREAS, World Services offered to lease this property to the City of Little Rock for a monthly 20 rental fee of Five Hundred Dollars($500.00); and, 21 WHEREAS, improvements must be made to the building prior to its use as a Neighborhood Alert 22 Center;and, 23 WHEREAS, World Services has offered to reimburse the City for the cost of these improvements by 24 waiver of the monthly rental fee until the amount expended by the City is repaid; and, 25 WHEREAS, the Little Rock Board of Directors recognizes the importance of providing an Alert 26 Center in the Oak Forest area and desires to make needed improvements to the property at 2823 Tyler 27 Street in exchange for free rent and then lease the property for a monthly rental fee of Five Hundred 28 Dollars($500.00)for the remainder of the lease term. 29 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 30 OF LITTLE ROCK,ARKANSAS: 31 Section 1. The Board of Directors hereby authorizes the Mayor to enter into an ag$,etti'e > ,i�u 32 World Services for the Blind, in a form to be approved by the City Attorney, for the lease* ;'°� lc 33 and improvements located at 2823 Tyler Street in Little Rock for use as a Neighborhooc ■ ;, Syr 23 :11 S CA \i, Lr'11,1Pi [Page 1 of 21 1,rM .� ///141/0 COUH 1:ONN ` 1 ten (10) years, for an initial property improvement fee not to exceed Forty-Nine Thousand Dollars 2 ($49,000.00) to be reimbursed by World Services through waiver of the Five Hundred Dollar ($500.00) 3 monthly rental fee until such time that the City's improvement costs have been repaid, and at such time, 4 for a monthly rental fee of Five Hundred Dollars ($500.00) if sufficient funds are budgeted for that 5 purpose; and hereby authorizes the Mayor to extend the lease term five (5) times in one (1)-year 6 increments if sufficient funds are budgeted for that purpose. 7 Section 2. Funds for the initial improvement payment not to exceed Forty-Nine Thousand Dollars 8 ($49,000.00) are available from the Housing and Neighborhood Program's Departmental Budget, and 9 funds for the rental fee of Five Hundred Dollars ($500.00) per month for subsequent years will be 10 requested as a budget appropriation for the Housing and Neighborhood Programs Department. 11 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 12 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 13 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 14 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the I15 resolution. 16 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent 17 with the provisions of this resolution, are hereby repealed to the extent of such inconsistency. 18 ADOPTED: June 18,2013 19 ATTEST: APPROVED: 20 /94( /(700Lige.e 21 4111 IIP 22 Susan a gl y, ity Clerk Mark Stodola,Mayor 23 APPR D TO LEGAL FORM: 24 25 11 26 Thomas M. Carpenter,City Attoijce' 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // (Page 2 of 21