HomeMy WebLinkAbout15915 1 RESOLUTION NO. 15,915
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3 A RESOLUTION TO AGREE TO THE CANCELLATION OF THE LEASE
4 BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS, AND HEIFER
5 PROJECT INTERNATIONAL; AND FOR OTHER PURPOSES.
6
7 WHEREAS,as set forth in Little Rock, Ark., Resolution No. 15,914 (February 21, 2023),OneHealth
8 East Village Development, LLC, a limited-liability company organized under the laws of the State of
9 Arkansas("OHEV"), Heifer Project International, a nonprofit corporation organized under the laws of the
10 State of Arkansas ("Heifer"), the Bill, Hillary & Chelsea Clinton Foundation, a non-profit corporation
11 organized under the laws of the State of Arkansas,formerly known as the William J. Clinton Foundation
12 and the William Jefferson Clinton Foundation ("the Clinton Foundation"), the Arkansas Symphony
13 Orchestra Society, Inc., a non-profit corporation organized under the laws of the State of Arkansas
14 ("Symphony"), and the City of Little Rock, Arkansas ("the City"), have reached consensus on how to
15 accomplish an educational opportunity through the creation and operation of the Lyon College of
16 Veterinary Medicine,and the Lyon College of Dentistry and Oral Health, within the City;and,
17 WHEREAS,the City has entered into a Lease Agreement with Heifer,dated as of February 23,2007,
18 as amended, under which Heifer is leasing certain property from the City("2007 City Lease");and,
19 WHEREAS, one step necessary to accomplish the transaction above is for the City to terminate the
20 2007 City Lease.
21 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
22 OF LITTLE ROCK,ARKANSAS:
23 Section 1. As provided in Section 2 of Little Rock,Ark.,Resolution No. 15,914,the City shall execute
24 any necessary documents for the termination of lease agreements between the City and Heifer as to property
25 located within and outside the William Jefferson Clinton Presidential Park("Clinton Park"), including the
26 2007 City Lease,which includes the parcels shown as Areas 8, 10, 15 and 16 on Exhibit 1 attached hereto.
27 Section 2. While this resolution shall take effect upon the date of its adoption, a general resolution
28 shall be filed with the City Clerk that sets forth all public documents required to accomplish the City's
29 portion of the transactions referenced in this resolution.
30 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
31 word of this Resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
32 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
33 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
34 resolution.
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I Section 4. Repealer. All ordinances, resolutions, bylaws, and other matters inconsistent with this
2 resolution are hereby repealed to the extent of such inconsistency.
3 ADOPTED: February 21,2023
4 APPROVED:
5 M�
ae..4.
6 c�1.
7 '��sa ng' ,City Clerk Frank Scott,Jr.,May
8 APP ' !, S TO LEGAL FORM:
9
10 .
1 1 Thomas M. Carpenter,City Attorne
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