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RESOLUTION NO.
A RESOLUTION AUTHORIZING THE
CITY MANAGER TO ENTER INTO A LEASE
AGREEMENT WITH ST. VINCENT INFIRMARY
FOR PROPERTY TO BE USED AS PART OF
THE WAR MEMORIAL MUNICIPAL GOLF
COURSE; AND FOR OTHER PURPOSES.
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WHEREAS, a recent survey of property owned by
St. Vincent's Infirmary has revealed that St. Vincent's
property line extends across the fairway of the second hole
of the War Memorial Municipal Golf Course;
WHEREAS, it has been indicated that St. Vincent's
Infirmary has no objections to the City utilizing their
property for purposes of the course, but St. Vincent's has
indicated that they need a lease agreement with the City so
that ownership of the property in the future will not be in
question; and
WHEREAS, the lease agreement will be for a twenty -year
lease with an option to renew for an additional twenty years
with the cost to the City to be one dollar per year and with
the condition that the property must be used as part of the
golf course, and that the City will not construct any
buildings on the property; and
WHEREAS, the lease agreement will contain a provision
that it can be terminated upon a written notice by the City
or a six -month written notice by St. Vincent's Infirmary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS;
SECTION 1. The City Manager is hereby authorized to
enter into a lease agreement with St. Vincent's Infirmary
for property to be used as part of the War Memorial
Municipal Golf Course containing a provision that the lease
will be for a twenty -year period with an option to renew for
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an additional twenty years. The lease agreement being
authorized will also contain the provisions that the
property must be used as part of the golf course and that
the City agrees not to construct any buildings on the
property. The lease agreement will also contain an
agreement that the lease can be terminated upon a written
notice by the City or six months' written notice by St.
Vincent's Infirmary. The lease agreement may also contain a
provision that the cost to the City will be one dollar per
year.
SECTION 2. This Resolution shall be in full force and
effect from and after its adoption and approval.
ADOPTED: November 16, 1982
ATTEST: APPROVED:
C' y Clerk 0 Mayor