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RESOLUTION NO. 10,860
A RESOLUTION AUTHORIZING THE MAYOR AND THE CITY
CLERK TO EXECUTE AN AMENDMENT TO THE BILL OF
ASSURANCE OF THE LITTLE ROCK PORT INDUSTRIAL PARK
TO PROVIDE FOR AN INCREASE OF BUILDING COVERAGE
FROM FORTY PERCENT (40 %) TO FIFTY PERCENT (50 %) OF
THE LOT; AND FOR OTHER PURPOSES.
WHEREAS, the Board of Commissioners of the Little Rock Port Authority have voted to
amend its Bill of Assurance to increase the lot area of coverage of structures within the Port from
forty percent (40 %) to fifty percent (50 %); and
WHEREAS, the Little Rock Board of Directors finds that such amendment of the Bill of
Assurance is appropriate for the Port to allow buildings to cover a larger portion of the lots within
the Port.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: The Mayor and City Clerk are authorized to execute an Amendment of Bill
of Assurance of the Little Rock Port Industrial Park to allow for an increase in lot coverage of
structures from forty percent (40 %) to fifty percent (50 %), in substantially the form of the
Amendment of Bill of Assurance attached hereto as Exhibit "A" subject to the approval of the City
Attorney.
ADOPTED: July 18, 2000
ATTEST:
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27 Nancy Woo , City Clerk
28 APP OVED AS TO LEGAL FORM:
29
30 Thomas M. Carpenter, City Aj orney
APPROVED:
Jim Lailey, Mayor
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LITTLE ROCK PORT INDUSTRIAL PARK
AMENDMENT OF BILL OF ASSURANCE
WHEREAS, the City of Little Rock, Arkansas, a municipal corporation (the "City ") is the
owner of more than fifty -one percent (51 %) of the area of land within the Little Rock Port Industrial
Park (the "Port') described in that certain original Bill of Assurance dated December 16, 1971, and
recorded December 16, 1971 in the records of the Circuit Clerk and Ex- officio Recorder of Pulaski
County, Arkansas, in Record Book 1175 at page 543 (the "Bill of Assurance ") as subsequently
amended and as amended herein; and
WHEREAS, paragraph 10 of the Bill of Assurance entitled "Size of Buildings" provides that
no structure within the Port shall cover more than forty percent (40 %) of the total land area of the
lot on which it is located; and
WHEREAS, the City deems it necessary to amend the provision to allow structures to cover
not more than fifty percent (50 %) of the total land area within the lot on which the structure is
located; and
WHEREAS, the undersigned being the owners of at least fifty -one percent (51 %) of the area
of the land within the Port as described in the Bill of Assurance have the authority to make this
Amendment.
NOW, THEREFORE, WITNESS:
1. That paragraph 10 entitled "Size of Buildings" of the Bill of Assurance is hereby deleted
in its entirety, and the following language shall be substituted therefore:
10. Size of Buildings. No building or other structure shall be
constructed or maintained which covers more than fifty percent
(50 %) of the total land area within the lot on which the structure is
located.
EXHIBIT
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2. Except as amended hereby, all the remaining provisions of the Bill of Assurance are valid
and in full force and effect.
WITNESS our hands and seal this day of 2000.
CITY OF LITTLE ROCK, ARKANSAS
Attest:
Nancy Wood, City Clerk
STATE OF ARKANSAS )
)ss:
COUNTY OF PULASKI )
IN
B.J. Wyrick, Vice Mayor
ACKNOWLEDGMENT
On this day of 2000, before me, a notary public, personally
appeared B.J. Wyrick, who acknowledged herself to be the Vice Mayor of Little Rock, Arkansas,
and Nancy Wood, who acknowledged herself to be the City Clerk of Little Rock, Arkansas, and that
they, as such Vice Mayor and City Clerk, being authorized so to do, executed the foregoing
instrument for the consideration and purposes therein contained.
IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal this
day of 2000.
My Commission Expires:
(SEAL)
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Notary Public