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ORDINANCE NO. 12,522
AN ORDINANCE AUTHORIZING AN AMENDMENT TO THE LEASE
AGREEMENT EXECUTED BY THE CITY OF LITTLE ROCK;
ARKANSAS TO EASTERN ASSOCIATED TERMINALS COMPANY
DATED THE 11TH DAY OF SEPTEMBER, 1970 TO CORRECT AN `
ERROR IN DESCRIPTION AND DECLARING AN EMERGENCY.
WHEREAS, by subsequent survey it has been determined that
the description of the lands demised by that certain Lease
Agreement dated the 11th day of September, 1970 wherein the City
of Little Rock is Lessor and Eastern Associated Terminals Company
is Lessee, is erroneous; and
WHEREAS, it is desirable that the error be corrected by
an Amendment to the said Lease Agreement;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That the Mayor and City Clerk of the City of
Little Rock, Arkansas be, and they are hereby, authorized to
execute, acknowledge, and deliver on behalf of the City, Amendment
to Lease Agreement in form substantially as follows:
(Advice is'hereby given that a copy of the form
of Amendment to Lease Agreement is on file in the
office. of the City Clerk, and reference may be had
thereto by any interested person.)
Section 2. That there is hereby found and declared to be
an immediate need for the securing and developing of substantial
industrial operations in order to provide additional employment,
alleviate unemployment and otherwise benefit the public health,
safety. and welfare of the City and the inhabitants thereof, and
the issuance of the bonds authorized hereby and the taking of
the other action authorized herein are immediately necessary in
connection with the securing and developing of substantial
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industrial operations and deriving the public benefits referred
to above. IT IS, THEREFORE, declared that an emergency exists
and this Ordinance being necessary for the immediate preservation
of the public health, safety and welfare shall be in force and
take effect immediately upon and after its passage.
PASSED: July 19 , 1971.
Vice Ma or
(S E A L)
AMENDMENT TO LEASE AGREEMENT
This Amendment to Lease Agreement made and entered into
this
day
of
, 1971, by
and between the CITY
OF LITTLE
ROCK,
a City of
the first class
organized and existing
under the laws of the State of Arkansas and EASTERN ASSOCIATED
TERMINALS COMPANY, a corporation organized and existing under the
laws of the State of Delaware, but authorized to do business in
the State of Arkansas, and approved and accepted by the Port
Authority of the City of Little Rock,
WITNESSE.TH:
That certain Lease Agreement dated the 11th day of
September, 1970, wherein the City of Little Rock is Lessor and
Eastern Associated Terminals Company is Lessee is hereby amended
to correct the description of the premises therein demised to be
as follows:
Commencing at the Northwest corner of the North-
west Quarter (NW -1/4), Section 15, Township 1 North,
Range 11 West, run thence East 1858.35 feet to a
point;.thence South 592.72 feet to a point on the
boundary of the property leased by the Little Rock
Port Authority to the operator of the Little Rock
Port; thence along the boundary of said leased
property South 31° 44' 56" West, 676.60 feet to a
point; thence South 66° 15' 45" East, 758.68 feet
to a point; thence North 23° 44' 15" East, 250.00
feet to a point; thence South 66° 15' 45" East,
150.00 feet to a point of beginning; run thence
from the point of beginning North 23° 44' 15" East,
• A
170.00 feet to a point; thence South 660 15' 45"
East, 306.00 feet to a point; thence North 23° 44'
15" East, to the ordinary high water line of _the
Arkansas River; thence Southeasterly along said
ordinary high water line approximately 1300.00 feet
to a point; thence South 38° 20' 50" West, 273.00
feet to a point; thence North 66° 15' 45" West,
1526.70 feet to a point, said point being on the
South right -of -way line of Lindsey Road; thence
North 23° 44' 15" East, 80 feet to the point of
beginning, containing 10.3 acres, more or less,
together with the exclusive use of all riparian
rights connected with and appurtenant thereto,
subject, however, to an easement over a 30 -foot
strip of land adjacent to the South right -of -way
line of Lindsey Road and the South right -of -way line
of Lindsey Road Extended, from the South bank of
the Arkansas River, 250 feet Southwesterly, and over
a 30 -foot strip of land beginning at the inter-
section of the South right -of -way line of Lindsey
Road Extended, and the South bank of the Arkansas
River and running Southeasterly along said South bank
approximately 140 feet, and subject to any easement
of record.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to Lease Agreement to be signed by the duly authorized
officials and officers as of the day and year first hereinabove
written.
ATTEST:
(S E A L)
City Clerk
CITY OF LITTLE ROCK, ARKANSAS
By:
Mayor
(Lessor)
T
ATTEST:
Title:
(S E A L)
ATTEST:
Title:
(SEAL)
STATE OF ARKANSAS )
) ss
COUNTY OF PULASKI )
EASTERN ASSOCIATED TERMINALS COMPANY
By: Title:
LITTLE ROCK PORT AUTHORITY
By:
Title:
ACKNOWLEDGMENT
On this day, before me, the undersigned, a Notary
Public within-and for said County and State, duly commissioned,
qualified and acting, appeared and
to me well known, who stated
that they are the Mayor and City Clerk, respectively of the
CITY OF LITTLE ROCK, Arkansas, and that they are duly authorized
in that capacity to execute the foregoing instrument for and
in the name and behalf of the CITY OF LITTLE ROCK, Arkansas,
and further stated and acknowledged that they have so signed,
executed and delivered said foregoing instrument for the con-
sideration, uses, and purposes therein mentioned and set forth.
IN WITNESS WHEREOF, I have hereunto set my hand and
official seal this day of , 1971.
My Commission will expire:
(S EA L)
Notary Public