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RESOLUTION NO
A RESOLUTION AUTHORIZING THE SALE OF
PROPERTY OWNED BY THE CITY FOR THE
USE AND BENEFIT OF THE LITTLE ROCK
MUNICIPAL WATER WORKS TO PARKWAY
VILLAGE, INC.
WHEREAS, the City owns, for the use and benefit of the
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Little Rock Water Works, a strip of land 50 -feet in width, which
traverses land owned by Parkway Village, Inc.; and,
WHEREAS, the Water Commission proposes to sell this land to
Parkway Village, Inc., reserving an easement upon and across the
50 -foot strip; and,
WHEREAS, the easement will provide all the property rights
required by the Little Rock Municipal Water Works; and,
WHEREAS, the City staff has determined that the City has no
need for the land for roadway or drainage purposes, and has
recommended that the sale be authorized for a price of
$34,500.00,
NOW THEREFORE:
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS:
Section 1. The proposed sale of the land involved is
hereby authorized on the terms and for the price hereinbefore set
forth, and the Mayor and City Clerk are hereby empowered to
execute and deliver whatever instruments that are necessary or
appropriate to effect the transfer of title to the land from the
City to the purchaser, Parkway Village, Inc.
Section 2. This Resolution shall take effect and be in
force from the date of its approval.
ADOPTED: April 13, 1983
ATTEST: d� APPROVED:
C ty Clerk J .e Czech ayorJ:::W., ena field