HomeMy WebLinkAbout53-74 RESOLUTION•
RESOLUTION NO. 53 -TI.
WHEREAS, Washington Regional Medical Center has undertaken
a program to extend hospital facilities and upgrade the quality
of health care available to patients at said hospital; and
WHEREAS, said expansion program will result in an increase
in the number of motor vehicles which must be parked at or near
Washington Regional Medical Center; and
WHEREAS, unless the number of off-street parking spaces
available at Washington Regional Medical Center is increased sign-
ificantly, said increase in the number of motor vehicles which
must be parked at or near Washington Regional Medical Center will
result in excessive curb parking of motor vehicles on roads and
/streets within the City creating congestion, obstructing the free
flow of traffic, and endangering the safety of the titizens of the
city; and
WHEREAS, to prevent such dongestion, the Fayetteville Municipal
Parking Authority proposes to construct off-street parking facilities
on property to be leased from Washington Regional Medical Center;
the construction of said facilities to be financed by the issuance
of revenue bonds pursuant to Act 468 of 1949 with the revenues
derived from the operation of said parking facilities to be pledged
in payment of said bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1. That the Fayetteville Municipal Parking Authority
be, and it hereby is, authorized and directed to obtain at no cost
to the City a feasibility study from Washington Regional Medical
Center for the construction of off-street parking facilities at
or near said hospital; said study shall include, amoung other
things, the estimated(Dumber of off-street parking spaces which will
be required upon completion of said:hospital's expansion program,
the type of off-street parkingfacilidFswhich would be most
practicable and economically feasible to construct to meet
said requirements, the estimated cost of constructing said facilities,
the estimated amount of revenue which said facilities would have to
generate to meet annual bond principal and interest payments, and
the parking rates which would have to be charged to generate said
revenue.
Section 2. That the concurrence of the Board of Directors,
as required by Section 19-197 of the Fayetteville Code of Ordinances,
in the establishment of off-street parking facilities by the Municipal
Parking Authority at or near Washington Regional Medical Center shall
be considered by the Board of Directors after the Board receives
from the Parking Authority a report regarding the results of the
aforesaid feasibility study, a report regarding the terms of all
leases, contracts, and other legal instruments which the City or
the Parking Autherity will be required to execute in connection
with the proposed project, and upon receipt of an opinion from the
City Attorney regarding the legality of the proposed project.
1974.
PASSED AND APPROVED THIS c2AA DAY OF
APPROVED:
MAYOR
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