6116 N
RESOLUTION NO 6 ,116
A RESOLUTION AUTHORIZING A CONSTRUCT AND
LEASE AGREEMENT FOR DEVELOPMENT OF A
CIVIC/CONVENTION HOTEL CENTER BETWEEN THE
CITY OF LITTLE ROCK, ARKANSAS AND LITTLE
ROCK CENTER ASSOCIATES, LTD. , AN ARKANSAS
LIMITED PARTNERSHIP, IN SUBSTANTIALLY THE
FORM AND WITH SUBSTANTIALLY THE CONTENT AS
SET FORTH HEREIN AND MADE A PART OF THIS
RESOLUTION; AUTHORIZING THE EXECUTION AND
DELIVERY OF THE CONSTRUCT AND LEASE AGREE-
MENT; AND PRESCRIBING OTHER MATTERS RELATED
THERETO
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS.
SECTION 1. With the prior recommendation of the Little Rock
Advertising and Promotion Commission, there is hereby authorized
the execution and delivery of a Construct and Lease Agreement
between the City of Little Rock, Arkansas and Little Rock Center
Associates , Ltd. , an Arkansas limited partnership, for development
of a Civic/Convention Hotel Center in substantially the form and
with substantially the content hereafter set forth. The Mayor and
City Clerk are hereby authorized to execute, acknowledge and deliver
the Construct and Lease Agreement for and on behalf of the City of
Little Rock. The form and contents of the Construct and Lease Agree-
ment, which are hereby approved, are hereby made a part hereof the
same as though set out herein and shall be substantially as shown
on Exhibit "A" attached hereto.
SECTION 2 . That the Mayor, City Clerk, City Manager and Little
Rock Advertising and Promotion Commission, or any of them, for and
on behalf of the City be and they are hereby authorized and directed
to do all things , execute all instruments and otherwise take all
action necessary to the realization of the rights of the City and
to discharge the obligations of the City under the terms of the
Construct and Lease Agreement.
SECTION 3 . That the provisions of this Resolution are hereby
declared to be separable and if any section, phrase or provision
shall, for any reason, be declared to be invalid, such declaration
shall not affect the validity of the remainder of the sections ,
I
P 7
-2-
phrases or provisions .
SECTION 4 . All ordinances and resolutions and parts thereof
in conflict herewith are hereby repealed to the extent of such
conflict.
SECTION 5 . This Resolution shall be in full force and effect
from and after its adoption.
ADOPTED: April 3, 1979
ATTEST: 9a/n..e., APPROVED: 0. 44.
City Clerk Mayor