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RESOLUTION N0. 8,343
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A RESOLUTION OF THE BOARD OF DIRECTORS
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DETERMINING THE NEED AND DESIRABILITY OF
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EXPANDING THE EXISTING CIVIC - CONVENTION CENTER
FACILITIES AND RECOMMENDING THE ACQUISITION OF
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CERTAIN LANDS ADJACENT TO AND /OR IN THE IMMEDIATE
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VICINITY OF THE EXISTING CIVIC - CONVENTION CENTER
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FACILITIES, AND PRESCRIBING OTHER MATTERS
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RELATING THERETO.
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WHEREAS, the Advertising and Promotion Commission does
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operate the Civic - Convention Center facilities in the City of
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Little Rock, Arkansas; and,
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WHEREAS, based upon the historical performance of said
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facilities and the long range plan of the Advertising and
Promotion Commission, the Commission has determined the need and
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desirability of expanding the existing facilities in the future by
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the acquisition of land adjacent to or in the immediate vicinity
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of the existing facilities and the construction thereon of new and
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additional civic - convention center facilities in order to better
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serve the public and promote tourism in and about the environs of
the City of Little Rock; and,
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WHEREAS, the County of Pulaski, acting by and through its
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County Judge and Quorum Court, has determined to sell and /or
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dispose of the real property owned by the County in Blocks 1 and
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2, Original City of Little Rock, commonly referred to as the "Y"
site and the Wallace Building, which said properties are situated
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adjacent to and in the immediate vicinity of the existing
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civic - convention center facilities; and
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WHEREAS, the Advertising and Promotion Commission is by
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resolution requesting the Board of Directors to approve in
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principle the aforementioned property so that detailed
negotiations and studies may ensue.
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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
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THE CITY OF LITTLE ROCK, ARKANSAS:
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SECTION 1: The Board of Directors of the City of Little
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Rock hereby approves in principle the proposal of the County of
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Pulaski to sell and transfer the "Y" site and Wallace Building to
the City of Little Rock, said approval being given for the purpose
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of proceeding with detailed negotiations and studies thereon.
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SECTION 2: The City Manager, City Attorney, Advertising
and Promotion Commission and its staff and counsel are directed to
proceed in structuring the proposed transaction and immediately
engage in negotiations toward a contractual agreement with the
County to effectuate the transfer of possession of the subject
properties to the City.
SECTION 3: This Resolution shall be in full force and
effect from and after its adoption.
PASSED: August 15, 1990
ATTEST
Citjd Cl7L*rk Jaftgyzech
APP D AS 0 FORM:
Mar S o o a, Ci y A orney
Mayor APPRj�Dj �' V
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