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RESOLUTION NO. 4,750
A RESOLUTION AUTHORIZING THE SALE OF CERTAIN
REAL PROPERTIES ACQUIRED BY THE CITY OF LITTLE
ROCK FOR THE MODEL CITIES AGENCY OF THE CITY OF
LITTLE ROCK TO BE USED IN THE DEVELOPMENT OF
RESIDENT HOUSES; REPEALING RESOLUTION NO. 4726 ;
AND FOR OTHER PURPOSES
WHEREAS , Model Cities has heretofore acquired Lots No. 1, 2 , 3 , 4 ,
7, 8 and 9 , Block 6 , Fairgrounds Addition to the City of Little Rock,
all situated within the Model Cities area to be used for the purpose
of providing building sites for residential housing meeting all of
the requirements of the Federal Housing Administration 235 Housing
Program; and
WHEREAS , notice has been published inviting bids for the purchase
of said described property on terms , conditions and specifications all
as on file in the office of the Model Cities Agency and bids have been
received pursuant thereon; and
WHEREAS , the highest and best bid for the purchase of the said
property has been determined and it is the desire of the Board of
Directors to authorize the sale thereof;
NOW THEREFORE , BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS .
SECTION 1. The Mayor is hereby authorized and directed acting
for and on behalf of the City of Little Rock to execute a Deed of
Conveyance to Joe Anderson , Jr. , for Lots 1 , 2 , 3 , 4 , 7 , 8 and 9 ,
Block 6 , Fairgrounds Addition to the City of Little Rock , conveying
all the right, title and interest of the City of Little Rock in and
to said property for a cash consideration of Three thousand, five
hundred ($3 ,500 . 00) dollars and conditioned that said Joe Anderson , Jr.
will erect residential housing on each of said lots fulfilling in all
particulars the plans and specifications for such on file in the office
of Model Cities Agency and as provided on the plan for each such
improvement submitted with his bid also on file in the office of the
Model Cities Agency.
• •
SECTION 2 . In particular the residential improvements for these
properties shall provide for seven (7) single family residences, two
of which shall contain four (4) bedrooms and five (5) of which shall
contain three (3) bedrooms. The said successful bidder shall con-
struct the said improvements providing his own financing and offer
same for sale according to the following identified plan for the Lot
Number indicated and at a total cost not to exceed the figure set
opposite each such Lot and Plan:
Lot #2 , plan #8, total cost: $15 ,950 .00
Lot #7, plan #6 , total cost : $15 ,100 . 00
Lot #1 , plan #5 , total cost: $14 ,500.00
Lot #4 , plan #4 , total cost: $14 ,500. 00
Lot #3 , plan #3 , total cost: $16 ,900. 00
Lot #8 , plan #2 , total cost : $17 ,500. 00
Lot #9 , plan #1 , total cost : $15 ,100 . 00
SECTION 3. It is understood and agreed that in addition to com-
pliance with all other specifications relating hereto, the contractor
shall commence construction of the residential improvements herein
provided for on or before fourteen (14) days after lots have been
sold and complete all such improvements on or before six (6) months.
Further, said Joe Anderson, Jr. , shall furnish a bond by a surety
company authorized to do business in Arkansas guaranteeing that the
contractor will sell the houses at or below the prices set forth in
Section 2 of this Resolution. The bond shall be in the amount of
$2 ,000. 00 per lot making a total of $14 ,000. 00 . An agreement between
the contractor and the City of Little Rock shall be executed agreeing
to the conditions set out in the bid.
SECTION 4. Resolution No. 4726 adopted January 18 , 1972 is hereby
repealed and this Resolution shall be in full force and effect from
and after its adoption.
ADOPTED: February 15, 1972
ATTEST: 2,ra- (4<AZ/ APPROVED: ALA41,411
City Clerk Mayor
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