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1 RESOLUTION NO. 10.269
2
3 A RESOLUTION OF INTENT TO SELL TO
4 LANDMARK ASSET SERVICES, INC. THE
5 YMCA BUILDING AND LAND AT 6TH AND
6 BROADWAY FOR USE AS A WELLNESS
7 CENTER
8
9 WHEREAS, the YMCA has been at its present location since its construction in 1928; and
10 WHEREAS, the structure is on the National Register of Historic Places and has been in
11 active use until the YMCA headquarters moved out in 1995; and
12 WHEREAS, the building has been vacant, needs cleaning and the courtyard is open to the
13 interior allowing access for pigeons; and
14 WHEREAS, in an effort to save the historic structure the City purchased the building for
15 $200,000 on August 30, 1996 for the purpose of holding it for renovation by an interested party; and
16 WHEREAS, last fall Dewayne Anderson, president of Landmark Asset Services, submitted
17 a proposal to utilize the structure as a wellness center for the downtown area.
18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
19 THE CITY OF LITTLE ROCK,. ARKANSAS:
v
20 SECTION 1. The City Attorney is authorized to negotiate and draft a contract and other
21 necessary documents with Landmark Asset Services, Inc. for the purchase of the YMCA building and
22 land at 6th and Broadway Streets incorporating such terms and conditions to ensure, among other
23 City interests, the preservation of the historic character of the structure.
24 ADOPTED: MAY 5, 1998
25 ATTEST: APPROVED: /n
26 lJ
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27 (a L e' /f,� IIINNN
28 ROBBIE HANCOCK JIM (D ILEY
29 CITY CLERK NIAIMR
30
31 APPROVED AS TO FORM:
32
34 THOMAS M. CARPENT
35 CITY ATTORNEY
(Rec. 9- 15 -98.)