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6270 RESOLUTION NO.- 6,270' A RESOLUTION AUTHORIZING AN EXTENSION FOR TWELVE MONTHS OF THE OPTION CONTRACT GRANTED TO EASTVIEW DEVELOPMENT COMPANY, INC. , FOR THE PROPERTY LOCATED AT 13TH AND HANGER STREETS : AND FOR OTHER PURPOSL'S BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager, acting for and on behalf of the City of Little Rock, is hereby authorized to enter into an extension for a twelve month period through January 18, 1981, of the option contract previously granted on January 16, 1979, to Eastview Development Company, Inc. , for the sale of property located at 13th and Hanger Streets in the City of Little Rock, more particularly described in Resolution No. 5946 of the Board of Directors of the City of Little Rock, Arkansas, SECTION 2. This Resolution shall be in full force and effect from and after its adoption.. ADOPTED: January 15, 1980 ATTEST: etiYve, C APPROVED: 7ia G City Clerk Mayor 4 I EXTENSION AGREEMENT This Agreement , by and between the City of Little Rock, Arkansas , a municipal corporation, here- inafter referred to as "Grantor" , and Eastview Develop- ment Company , Inc . , an Arkansas corporation , hereinafter referred to as "Grantee" ; WITNES SETH: WHEREAS , pursuant to City of Little Rock Resolution No . 5 , 946 adopted May 16 , 1978 , Grantor and Grantee executed that certain Real Estate Option Contract dated January 16 , 1979 ; and WHEREAS , the option granted in said Contract expires on January 15 , 1980 ; and WHEREAS , Grantee desires additional time to exercise said option and Grantor has adopted City of Little Rock Resolution No . 6, 270 adopted January 17 , 1980 , which extends said option for an additional 12 months pursuant to the terms , covenants and condi- tions contained in that certain Real Estate Option Contract described above ; IT IS THEREFORE MUTUALLY AGREED by and between Grantor and Grantee to extend that certain Real Estate Option Contract dated January 16 , 1979 , for an additional 12 months beyond said expiration date on the same terms , covenants and conditions contained therein. IN WITNESS WHEREOF, the parties hereto have set their hands and seals this 22ND day of FEBRUARY , 1980 . EASTVIEW DEVELOPMENT COMPANY, INC. - GRANTEE B /l l/•-• � ,/`,17 �' '�' } y : CHARLES BUSSEY, JR. , PRESID'EN, ATTEST : Secretary CITY OF LITTLE ROCK, ARKANSAS - GRANTOR By : fI i, C ; :w. CARLETONMcMULLIN, CITY MANAGER ATTEST: City k- ardi 0