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HomeMy WebLinkAbout11573ORDINANCE N0. 11,573 AN ORDINANCE PROVIDING FOR THE PURCHASE OF A CERTAIN PARCEL OF LAND FOR RIGHT-OF-WAY PURPOSES WITHIN THE EAST -WEST EXPRESSWAY; AUTHORIZING PAYMENT; AMENDING ORDINANCE 11,372 (as amended) BY APPROPRIATING ADDI- TIONAL SUMS; AND FOR OTHER PURPOSES. WHEREAS, by Ordinance 11,372, enacted on April 1, 1963, the acquisition of several parcels of land identified by number, the full legal description of which and the approved appraisal thereof were and remain on file in the office of the Real Estate Department of the City of Little Rock, Arkansas, which parcels include parcel No. 121; and WHEREAS, by Ordinance 11,416, enacted on August 5, 1963, certain changes were acknowledged in the appraisals of some of said parcels; and WHEREAS, due to lapse of time and other factors acknowledged by the Board of Directors to be pertinent and applicable, it is found necessary to increase the appraisal of parcel No. 121; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The appraisal and approved purchase price of parcel No. 121, as referred to in Ordinance 11,372 and 11,416 of the City of Little Rock, Arkansas, are hereby increased to the sum of Ten Thousand Seven Hundred Fifty and No /100 Dollars ($10,750,00). The City Manager is hereby authorized to acquire said parcel for the appraised value as reflected herein and to pay by warrant of the City of Little Rock the said price for parcel No. 121 to the person or persons entitled thereto accord- ing to the opinion of the City Attorney so as to vest full legal title to the said parcel in the City of Little Rock. SECTION 2. Section 4 of Ordinance No. 11,372, as amended by Ordinance No. 11,416, is hereby amended to read as follows: GJ- �# 1 Job —2— "SECTION 4. There is hereby appropriated the sum of Three Hundred One Thousand Eight Hundred Seventy -Five and No /100 Dollars ($301,875.00) from the City of Little Rock Street Right -of -Way Fund, Project 1 - Expressway, for the purposes set forth in the above section hereof." SECTION 3. All ordinances and parts of ordinances in con- flict herewith are hereby repealed to the extent of said conflict. SECTION 4. This ordinance shall be in full force and effect from and after its passage and approval. PASSED: March 1, 1965 ATTEST: �� i 4.1 APPROVED: City Clerk M Mayor A -ca Y70 r,