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HomeMy WebLinkAbout6890� � ■111 i � r r• � 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. M M M i 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 199 M M r M M M M M M M M M M M M • • # H 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