13724 1
1 RESOLUTION NO. 13,724
2
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO
4 ALLOCATE MONIES FROM THE AIRPORT ENHANCEMENT FUND
5 FOR THE EXPANSION AND RENOVATION OF CURRENT
6 LEASEHOLD FACILITIES OF THE BILL AND HILLARY CLINTON
7 NATIONAL AIRPORT AT ADAMS FIELD; AND FOR OTHER
8 PURPOSES.
9
10 WHEREAS, in 2009, through Airport Resolution No. 01-2009 and Little Rock, Ark., Resolution No.
11 12,961 (April 7, 2009), the Little Rock Municipal Airport Commission ("Commission") and the City of
12 Little Rock,Arkansas jointly established the Airport Enhancement Fund for disbursing funds,among other
13 purposes, in order to assist a current tenant of the Bill and Hillary Clinton National Airport at Adams Field,
14 ("Airport"), with capital development infrastructure costs so long as the tenant demonstrated that its
15 proposed projects would add new jobs to the Little Rock metropolitan service area; and,
16 WHEREAS, any distribution of monies from the Airport Enhancement Fund in excess of Fifty
17 Thousand Dollars($50,000.00) must be jointly approved by resolutions of the Commission and the Board
18 of Directors of the City of Little Rock, Arkansas; and,
19 WHEREAS, Dassault Falcon Jet Corp. ("Dassault") is a current tenant of the Airport with a twenty-
20 eight (28) year Lease Agreement which expires December 31, 2040, with two (2), ten (10)-year renewal
21 options;and,
22 WHEREAS, Dassault's current lease encompasses 4,089,248 square-feet of land and 278,075 square-
23 feet of building space; and,
24 WHEREAS, Dassault is in the process of investing approximately$70 Million over the next three(3)
25 years in developing, expanding and renovating its current infrastructure and facilities at the airport, which
26 will necessitate an amendment to the existing lease agreement and will add approximately 1.5 million
27 square feet of land,to be confirmed by survey,to Dassault's leasehold and the construction of new facilities
28 on the leasehold property; and,
29 WHEREAS, Dassault's planned infrastructure expansions and renovations have demonstrated that its
30 investment into its current infrastructure and facilities at the Airport will create new jobs in the City of Little
31 Rock,Arkansas, and its metropolitan service area; and,
32 WHEREAS, the Commission has authorized the distribution of $1.3 Million from the Airport
33 Enhancement Fund to Dassault for leasehold acquisition, site work, and utility work in preparing the
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1 leasehold for development of their new facilities at the Airport upon receiving approval of such
2 disbursement from the City Board of Directors of Little Rock, Arkansas.
3 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
4 OF LITTLE ROCK,ARKANSAS:
5 Section 1. The City Manager, or his authorized representative, and the City Clerk, are authorized to
6 execute any documents necessary to accomplish an agreement to distribute to Dassault $1.3 Million from
7 the Airport Enhancement Fund, consistent with the above-mentioned amended lease agreement, for
8 leasehold acquisition, site work, and utility work in preparing the leasehold for development of Dassault's
9 new facilities on the Airport.
10 Section 2. The disbursement shall be reported to the Board of Directors of the City of Little Rock,
11 Arkansas, upon issuance.
12 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
13 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
14 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
15 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
16 resolution.
17 Section 4. Repealer. All laws, ordinances,resolutions,or parts of the same,that are inconsistent with
18 the provisions of this resolution,are hereby repealed to the extent of such inconsistency.
19 ADOPTED: July 9,2013
20 ATTEST: APPROVED:
21 , ( / /
22 / (, �G �
23 eSusa i L gley,City Clerk Mark Stodola,Mayor
24 APPR► D 1 AS TO LEGAL FORM:
25
26 C7464/144r3
27 Thomas M. Carpente},City AAorney
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