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M � M
PSOLUTION NO. 9,141 • .11016
A RESOLUTION ACCEPTING THE PROCESS RECOMMENDED BY THE
ADVERTISING AND PROMOTION COMMISSION FOR EVALUATING AND
NEGOTIATING WITH PROSPECTIVE BUYERS OF THE CAMELOT HOTEL;
AND FOR OTHER PURPOSES.
WHEREAS, the Advertising and Promotion Commission sought proposals to buy and
renovate the Camelot Hotel; and
WHEREAS, proposals were received and evaluated, and the Advertising and Promotion
Commission has determined five finalists for further evaluation and negotiation; and
WHEREAS, the Advertising and Promotion Commission adopted a Resolution at its
meeting on April 12, 1994 recommending a process for further evaluation and negotiation with
the five finalists for approval by the Board of Directors.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Board of Directors hereby accepts the attached Resolution of the
Advertising and Promotion Commission and approves of its recommendations of five finalists
for further evaluation and negotiation regarding purchasing the Camelot Hotel, and approves
the recommended staff and counsel for the City and the Commission to accomplish the
evaluations and negotiations these persons being Barry Travis, Executive Director, Little Rock
Convention and Visitors Bureau; Hal Kemp, Legal Counsel, Advertising and Promotion
Commission; Tom Carpenter, CityAttorney; and John Pryor, Director of Finance and Treasurer.
SECTION 2. When the evaluations and negotiations with the five finalists are completed,
and the details of the finalists' offers to purchase the Camelot Hotel are determined, then the
offers will be summarized and presented to the Advertising and Promotion Commission and to
the Board of Directors for their consideration.
ADOPTED: April 13, 1994
F.1v Ito
APPROVED AS TO FORM:
C'i. . .
THOMAS M. CARPENTER
CITY ATTORNEY
��8
� M M M
R E S O L U T I O N
OF THE
LITTLE ROCK
M M = M M
ADVERTISING AND PROMOTION COMMISSION
BE IT RESOLVED that the Commission does hereby approve,
ratify, and confirm the actions taken by the firm of Flake,
Tabor, Tucker, Wells and Kelley in connection with
publishing a request for interest and qualifications, the
receipt of responses to that request, the evaluation of
those responses and the selection of a final group of
candidates for further consideration and negotiation,
pertinent to the Camelot Hotel Property.
BE IT FURTHER RESOLVED that the Commission does by
hereby approve John Q. Hammons Hotels, The Madden Group,
Seymour N. Logan Associates, Daihatsu International, and The
Equity Group as the group of candidates with whom further
negotiations toward an agreement for the renovations,
operations, management, and maintenance of the hotel
property should proceed and does further direct that a
negotiating committee composed of Barry Travis, Hal Kemp,
Tom Carpenter, John Pryor and the Flake, Tabor, Tucker,
187
ia-9
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Wells and Kelley Firm take any and all steps and actions
deemed necessary and /or desirable to proceed and complete
negotiations with the group of candidates and thereafter
attempt to present such agreements as can be negotiated to
the Commission and Board of City Directors for consideration
and approval by a proposed date of May 1st.
BE IT FURTHER RESOLVED that the Commission recommends
to the Board that it likewise adopt a resolution consistent
with the foregoing and authorize the negotiating committee
to proceed with further negotiations with the group of
candidates.
This Resolution shall be in full force and effect from and
after its adoption.
ADOPTED:_ iZ APPROVED:
Date
nmmacm.