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HomeMy WebLinkAbout6867136 RESOLUTION NO. 6,867 A RESOLUTION AUTHORIZING THE EXTENSION OF THE OPTION ON THE PURCHASE OF A PARCEL AT 13TH AND HANGER STREETS FOR A PERIOD OF TWENTY -FOUR MONTHS: AND FOR OTHER PURPOSES. WHEREAS, the Eastview Terrace Limited Partnership has requested that their option to purchase the remainder of the property at 13th and Hanger Streets be extended for twenty -four months; and WHEREAS, the option pertains to the 2.44 acres remaining from the original 10 acres or less from which the partnership has previously purchased 7.6 acres; and WHEREAS, the Eastview Terrace has completed the first phase of construction and needs additional time to complete the second phase. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The extension of the option on the purchase of a parcel at 13th and Hanger Streets is hereby authorized for a period of twenty -four months. SECTION 2. This Resolution shall be in full force and effect from and after its adoption and approval. ADOPTED: October 5, 1982 ATTEST: APPROVED: ity Cler-V Mayor