11880RESOLUTION NO. 11,880
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3 A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER
4 INTO A CONTRACT WITH THE TRUST FOR PUBLIC LAND (TPL)
5 TO PURCHASE ABAONDONED RAILROAD RIGHT -OF -WAY FOR
6 THE ARKANSAS RIVER TRAIL; AND FOR OTHER PURPOSES.
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8 WHEREAS, Little Rock Parks and Recreation has developed a Master Park Plan
9 that identifies a pedestrian trail corridor along the Arkansas River, and
10 WHEREAS, the City Board of Directors has adopted the Master Parks Plan, and
11 WHEREAS, Little Rock Parks and Recreation has received a grant from the
12 Arkansas Department of Health to build one mile of trail along this corridor, and
13 WHEREAS, Heart Clinic Arkansas has raised a significant amount of private and
14 corporate dollars to offset the cost of trail construction along this corridor, and
15 WHEREAS, the Trust for Public Land has negotiated Union Pacific Railroad to
16 acquire the section of abandoned railroad right -of -way from the Baring Cross Bridge to
17 the Junction Bridge over the course of two transactions; this being the first, and
18 WHEREAS, funding is' currently incorporated into the Federal Highway and
19 Transportation Bill for the second phase of this acquisition, and
20 WHEREAS, this corridor is critical to the completion of the River Trail project,
21 which has become a "community" priority and will help extend the total acreage of
22 Riverfront Park for the other recreational purposes.
23 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
24 THE CITY OF LITTLE ROCK, ARKANSAS:
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Section 1: The City Manager is hereby authorized to enter into an agreement
with the Trust for Public Land to purchase approximately 2,750 linear feet of
abandoned Union Pacific Railroad Right -of -way for an amount not to exceed $1,300,000.
$350,000 will be provided from the State of Arkansas appropriation; $500,000 will be
provided from the 2004 bond issue; $500,000 will be provided from the 2005 short -term
financing when available.
ADOPTED: December 7, 2004
ATTEST:
11 7ZV'V',- &ZZZ2 -
12 N cy Wo , City Clerk
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14 APPROVED AS TO LEGAL FORM:
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17 Thomas M. Carpenter, Cit Attorney
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APPROVED:
Jim Vley, Mayor