HomeMy WebLinkAbout15919 1 RESOLUTION NO. 15,919
2
3 A RESOLUTION TO AGREE TO THE CANCELLATION OF SUBLEASES
4 BETWEEN THE BILL,HILLARY&CHELSEA CLINTON FOUNDATION
5 AND HEIFER PROJECT INTERNATIONAL FOR LAND LOCATED IN
6 THE WILLIAM JEFFERSON CLINTON PRESIDENTIAL PARK; AND
7 FOR OTHER PURPOSES.
8
9 WHEREAS, as set forth in Little Rock, Ark., Resolution No.15,914 (February 21, 2023), OneHealth
10 East Village Development, LLC, a limited-liability company organized under the laws of the State of
11 Arkansas("OHEV"), Heifer Project International,a non-profit corporation organized under the laws of the
12 State of Arkansas ("Heifer"), the Bill, Hillary & Chelsea Clinton Foundation, a non-profit corporation
13 organized under the laws of the State of Arkansas,formerly known as the William J. Clinton Foundation
14 and the William Jefferson Clinton Foundation ("the Clinton Foundation"), the Arkansas Symphony
15 Orchestra Society, Inc., a non-profit corporation organized under the laws of the State of Arkansas
16 ("Symphony"), and the City of Little Rock, Arkansas ("the City"), have reached consensus on how to
17 accomplish an educational opportunity through the creation and operation of the Lyon College of
18 Veterinary Medicine,and the Lyon College of Dentistry and Oral Health,within the City; and,
19 WHEREAS, the Clinton Foundation has entered into a Sublease Agreement with Heifer, dated
20 November 16, 2005, as amended, under which Heifer is leasing certain property from the Clinton
21 Foundation("2005 Clinton Foundation Lease"); and,
22 WHEREAS, one step necessary to accomplish the transaction above is for the City to consent to the
23 Clinton Foundation's termination of the 2005 Clinton Foundation Lease.
24 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
25 OF LITTLE ROCK,ARKANSAS:
26 Section 1. As provided in Sections 1 and 2 of Resolution No. 15,914, the City shall execute any
27 necessary documents to consent to and facilitate the Clinton Foundation's termination of the 2005 Clinton
28 Foundation Lease,which includes the parcels shown as Areas#7, 11,and 13 on Exhibit 1 attached hereto.
29 Section 2. While this resolution shall take effect upon the date of its adoption, a general resolution
30 shall be filed with the City Clerk that sets forth all public documents required to accomplish the City's
31 portion of the transactions referenced in this resolution.
32 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
33 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
34 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
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1 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
2 resolution.
3 Section 4. Repealer. All ordinances, resolutions, bylaws, and other matters inconsistent with this
4 resolution are hereby repealed to the extent of such inconsistency.
5 ADOPTED: February 21,2023
6 ATTIO APPROVED:
7
11111 '
9 .usan 41_ ,City Clerk Frank Scott,Jr.,
10 APPROV D • S TO LEGAL FORM:
11
12
13 Thomas M.Carpenter,City Attorn
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