HomeMy WebLinkAbout3709 RESOLUTION NO. 3, 709
A RESOLUTION EXERCISING THE OPTION OF ADCO REALTY
COMPANY TO PURCHASE CERTAIN REAL PROPERTY IN THE
CITY OF LITTLE ROCK, ARKANSAS; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE ACCEPTANCE OF SAID OPTION;
APPROVING THE PAYMENT OF THE PURCHASE PRICE THEREOF;
AND FOR OTHER PURPOSES.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. The City of Little Rock does hereby exercise
the option dated December 19, 1966 to purchase from the Adco
Realty Company the following described real property situated in
Pulaski County, Arkansas for a total purchase price of $141,000.00
to-wit:
The east 45 feet of Lot 10 and all of Lots 11
and 12, Block 122, original City of Little
Rock, Arkansas, and located at 600 West Markham
Street.
The City Manager is hereby authorized and directed to
execute the acceptance of the mentioned option for and on behalf
of the city.
SECTION 2. The City Manager and Director of Finance
are hereby authorized and directed to issue the necessary warrant
or warrants to the person or persons entitled thereto according
to the opinion of the City Attorney so as to by proper warranty
deed vest full fee simple title to said property in the City of
Little Rock, Arkansas.
SECTION 3. The purchase price of the herein identified
property in the amount of $141,000.00 shall be paid from that
certain reserve account for Capitol Improvement Expenditures
created by Ordinance No. 11,820 passed November 30, 1966.
SECTION 4. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: February 6, 1967
ATTEST: �'44A, ., cJ• /de°e APPROVED-
City Clerk Mayor