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ORDINANCE NO. 12,849
AN ORDINANCE ESTABLISHING THE METROCENTRE
IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF
LITTLE ROCK, ARKANSAS
WHEREAS, parties claiming to be more than two - thirds in
value, as hown by the last County assessment, of the owners
of the property located within the territory hereinafter de-
scribed have filed a Petition praying that a central business
improvement district be established for the purposes herein-
after set out; and
WHEREAS, after due notice as required by law, the Board
of Directors of the City of Little Rock, Arkansas, has heard
all parties desiring to be heard, and has ascertained that
said Petition was signed by more than two - thirds in value, as
shown by the last County assessment, of the owners of real
property situated within the said territory;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. There is hereby established a central business
improvement district, under the authority of Act 162 of 1973,
the boundaries of which are as follows.:
Blocks 2 through 9, 26 through 31, 33, 71 through 78,
81 through 88, 91 through 97 and 102 through 108, all
in Original City of Little Rock, Pulaski County, Arkansas
the perimeter of which is more particularly described
as follows:
Beginning at the centerline of the intersection of
Cumberland Street and Markham Street; thence N 80° 45' W
along the centerline of Markham Street a distance of
1460 feet more or less to the centerline intersection
of Markham Street and Center Street; thence S 09° 15' W
along the centerline of Center Street a distance of 360
feet more or less to the centerline intersection of
Center Street and West 2nd Street; thence N 80° 45' W
along the centerline of West 2nd Street a distance of
730 feet more or less to the centerline intersection
of West 2nd Street and Broadway Street; thence S 09°
15' W along the centerline of Broadway Street a distance
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of 2540 feet more or less to the centerline intersection
of Broadway Street and West 9th Street; thence S 80° 45'
E along the centerline of West 9th Street a distance of
2190 feet more or less to the centerline intersection of
East 9th Street and Cumberland Street; thence N 09° 15'
E along the centerline of Cumberland Street a distance
of 2180 feet more or less to the centerline intersection
of Cumberland Street'and East 3rd Street; thence N 80° 45'
W along the centerline of East 3rd Street a distance of
360 feet more or less to the centerline intersection of
East 3rd Street and Scott Street; thence. N 09° 15' E
along the centerline of Scott Street a distance of 360
feet more or less to the centerline intersection of Scott
Street and East 2nd Street; thence S 800 45' E along the
centerline of East 2nd Street a distance of 360 feet more
or less to the centerline intersection of East 2nd Street
and Cumberland Street; thence N 090 15' E along the center-
line of Cumberland Street 360 feet more or less to the
Point -of- Beginning and containing 136.8 acres, more or
less, as shown by the recorded plat of the Original City
of Little Rock.
Said district is hereby established for the purpose of construct-
ing, establishing and operating, the following: a shopping mall
or malls, sidewalks, plazas, landscaping, fountains, parking
facilities (including one or more parking garages), pedestrian
overpasses, and such other improvements, facilities, services
and equipment as may be authorized by said Act 162 of 1973, all
to be located, constructed, operated, and maintained in such
manner and with such materials and under such circumstances and
conditions as the Commissioners to be selected for said District
shall deem for the best interests of the District, and that the
costs thereof be assessed and charged upon the real property
above described.
Section 2. The said central business improvement district
shall be known as Metrocentre Improvement District No. 1 of the
City of Little Rock, Arkansas and James T. Dyke, Herbert H.
McAdams, Edward M. Penick, A. Dan'Phillips and Ben F. Scroggin, Jr.
are hereby named Commissioners.
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Section 3. It is hereby found and declared that the
deterioration of the central business district is a threat to
the property tax and revenue sources of the City of Little Rock,
and that the elimination of urban blight and decay and the
modernization and general improvement of such central business
district is urgent. Therefore, an emergency is declared to
exist, and this Ordinance, being necessary for the preserva-
tion of the public peace, health and safety, shall take effect
and be in force from the date of its apprbval.
PASSED: October 16 , 1973.
ATTEST:
City C er
APPROVED:
IS=
ice Mayor