HomeMy WebLinkAbout15546 RESOLUTION NO. 15,546
2
3 A RESOLUTION AUTHORIZING THE MAYOR TO ENTER INTO A
4 CONTRACT WITH THE JACK TYLER FAMILY, LLC, FOR THE
5 PURCHASE OF APPROXIMATLEY SIXTY (60) ACRES OF LAND, FOR
6 USE BY THE LITTLE ROCK PORT AUTHORITY FOR ECONOMIC
7 PROSPECT RECRUITMENT; AND FOR OTHER PURPOSES.
8
9 WHEREAS, the Little Rock Port Authority has been actively exploring opportunities for expansion,
10 including the development of a 2008 Master Real Estate Acquisition Plan;and,
11 WHEREAS,the Little Rock Port Authority Staff has worked with the Greater Little Rock Regional
12 Chamber of Commerce,and other interested parties,to explore viable options for real estate expansion and
13 determined that this particular parcel will meet the future needs of the Little Rock Port Authority for
14 economic prospect recruitment purposes; and,
15 WHEREAS,the Little Rock Port Authority Staff has extended a preliminary offer,based upon a third-
16 party appraisal,for the property in question and the offer has been accepted by the owner.
17 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
18 OF LITTLE ROCK:
19 Section 1. The City of Little Rock Board of Directors authorizes the Mayor to purchase approximately
20 sixty (60) acres of land for a purchase price of Seven Hundred Twenty Thousand Dollars ($720,000.00),
21 plus associated closing cost,and is contingent upon positive findings of the Phase One Environmental Study
22 and determination of clear title. The property is located at Thibault Road, Parcel No. 24R0210001000
23 Section 2. Funding for this acquisition will come from the Little Rock Port Authority's Land
24 Acquisition Account.
25 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
26 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
27 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
28 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
29 resolution.
30 Section 4. Repealer.All laws ordinances resolutions or parts of the same that are inconsistent with the
31 provisions of this resolution are hereby repealed to the extent of such inconsistency.
32 ADOPTED: October 5,2021
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APPROVED:
12 (N'.
I,
3 ,lea•_ '+# LaSek.7
4 usan . ley t ty Clerk Frank Scott,Jr.,May
5 APPRO' D AS TO LEGAL FORM:
6
7
8 Thomas M. Carpenter, City Attorney
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