HomeMy WebLinkAbout85-00 RESOLUTIONRESOLUTION NO. 85-00
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MICROFILMED
A RESOLUTION AUTHORIZING PAYMENT OF LOST
PARKING SPACE REVENUE, THROUGH JUNE 2000, IN
CONJUNCTION WITH THE TOWN CENTER TO BEKKA
DEVELOPMENT IN THE AMOUNT OF $6,135.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSA S.
Section 1. That the City Council hereby authorizes payment of lost parking space
revenue, through June 2000, in conjunction with the Town Center to Bekka Development in the
amount of $6,135. A copy of the Invoice is attached hereto marked Exhibit "A" and made a part
hereof.
guat`AND APPROVED this 201h day of June , 2000.
- \.
ATTEST:
By: /— A},,,,, e
eather Woodruff, City Cler
APPROVED
By:
ed Hanna, Mayor
NAME OF FILE:
CROSS REFERENCE:
Sae 4 8,5- Dd
Date
Contents of File
Initials
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BEKKA DEVELOP NT CO.
One West Mountain Street
Fayetteville, AR 72701
BILL TO
City of Fayetteville
113 W Mountain
Fayetteville, AR 72701
EXHIBIIPA
Invoice
DATE
INVOICE NO.
5/25/2000
2561
P.O. NO.
TERMS
MONTH
Net on receipt
DESCRIPTION
AMOUNT
Legal Costs-Davis,Cox & Wright 8/99-4/00
Parking Costs 8/99-6/00
8,410.35
6,135.00
Total
$14,545.35
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FAYETTE S LLE
THE CITY OF FAYETTEVILLE, ARKANSAS
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To: City Council
From: Mayor Fred Hanna
Date: June 8, 2000
Subject: Settlement with Bekka Development Co.
Bekka Development Co. is requesting reimbursement of legal expenses incurred in conjunction with
the Town Center construction and for revenue shortfall on their rental parking spaces. Their invoice
number 2561, dated May 25, sets out the costs as follows:
Legal Costs - Davis, Cox & Wright 8/99 thru 4/00
Parking Costs - 8/99 thru 6/00
Total Cost to the City
$ 8,410.35
$ 6,135.00
$14,545.35
Based on their interpretation of the lease signed between Bekka Development Co. and the City on
October 22, 1998, they are requesting consideration of the above claim.
113 WEST MOUNTAIN 72701 501-521-7700
FAX 501-575-8257
•
Davis, Cox & Wright PLC
Customer Balance Detail
Type Date Num
Bekka Corp.
Williams, et al v city of Fayettv & Bekka
Invoice
Invoice
Invoice
Invoice
Invoice
Invoice
Invoice
Invoice
Invoice
8/31/99
9/30/99
10/26/99
11/29/99
12/30/99
1/31/00
2/29/00
3/30/00
4/27/00
1474
1655
1813
1998
2212
2361
2525
2722
2892
Account Class
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
2021 -A/R
WJB
WJB
WJB
WJB
WJB
WJB
WJE
WJB
WJB
Amount
811.50
836.00
1,012.40
480.00
2,670.25
1,220.20
450.00
345.00
585.00
8 410.35
FA .7E T TE VA L E
LEGAL DEPARTMENT
CITY ATTORNEY DIVISION
LAGAYLE D.MCCART Y, ASST. Cm ATTORNEY
DEPARTMENTAL CORRESPONDENCE
JERRY E. ROSE, CITY ATTORNEY
To: Fred Hanna, Mayor
Fayetteville City Council
From: Jerry E Rose, City Attorney
Date: June 9, 2000
Re: Bekka claims for legal expenses and lost parking
John Bradberry's letter dated May 25, 2000 asks for the City to pay attorney fees and lost
parking revenue under the terms of Bekka's lease dated October 22, 1998 which is attached as part
of the agenda packet. I thought these comments may be of some assistance to you in your decision.
1. Attorney fees: Since the filing of what is commonly referred to as the Town Center
lawsuit in mid -1999, I have been asked by Bekka on a number of occasions as to
what my position was on paying Bekka's attorney fees incurred as a result of their
being named a party to the suit. I can recall two conversations with Dianne Boyd and
one with Jack Butt. On every occasion I expressed my belief that the City was not
legally obligated under the terms of the lease to pay Bekka's attorney fees, but that
I thought that the City Council may well feel that in faimess they should pay some
or all of those fees and I encouraged them to make a claim.
I do not believe that attorney fees for Bekka's defense of the Town Center suit are covered
under the lease agreement. Bekka is accused in the suit of entering into an illegal contract with the
City and the suit seeks to void Bekkas lease and requests Bekka refund the money paid under the
terms of the lease. I don't think that fits under the lease provisions which are cited by Bekka because
I don't bJieve the defense of the suit is directly or indirectly associated with the leased premises.
Instead I believe it is associated with the money Bekka received for the lease which has no
relationship whatever with the leased premises. For what it's worth, I readily concede that
reasonable legal minds may differ. I also readily concede that Bekka's defense assisted the City in
its position and that Jack Butt's able and highly competent legal skills were welcomed by all who
supported the City's position. Accordingly, I would have no objections to the City resolving this
matter by paying this claim. I just want you to know want you to know that I don't believe you are
legally obligated to. Remember that this case is likely to be appealed and I assume more attomey
fees may be incurred by Bekka as a result.
Page 2
Mayor/City Council
June 9, 2000
• •
2. Lost Parking Revenues: I recall talking to Dianne Boyd and John Bradberry about
the City providing alternate parking to Bekka without any additional clause in the
lease. I also recall that we were not sure we could find such alternate parking and
told Bekka that if they could find alternate parking that the City may compensate
them for that cost. I have no memory of nor do I believe there was a discussion of
any compensation that was to be made to Bekka under any circumstances for loss of
parking revenue. Section 14A of the lease provides that the City pay for relocating
and providing parking. We've done that by providing Bekka altemate parking. The
lease does not say nor was it intended to say that if Bekka couldn't convince its
tenants that they should pay for the use of the alternate parking that the City would
compensate Bekka for a loss of revenue Again, if you wish to settle this claim
you're more than welcome to but I can't think of any legal obligation to do so on this
one.
/cbp
If I can provide anything further, just let me know.
•
BDC
BEKKA DEVELOPMENT
FEC` -.
MAY 3 1 2i:c;;
C O. CITY OF FAYET
MAYOR'S OFr.c
EXECUTIVE SQUARE, ONE WEST MOUNTAIN, FAYE I IEVILLE, AR 72701
(501) 442-7672 FAX (501) 442-4580 May 25, 2000
City of Fayetteville
Attn: Hon. Fred Hanna, Mayor
113 W. Mountain
Fayetteville, AR 72701
Dear Sir:
Thank you for the opportunity to meet with you on Monday, May 8, 2000.
I believe that we were able to clarify some issues concerning our Lease to the city
of the Town Center Plaza site. These issues are of great concern to us and I
appreciate your willingness to discuss them with candor.
It may help to refresh our memories as to how we got to this point. You will
recall that under threat of condemnation and our desire to help the City of
Fayetteville by cooperating to the extent we reasonably could, we signed a Lease
Agreement on October 22, 1998. It was always our intention that once the Lease was
signed (a perpetual lease), the city would assume all costs and expenses associated
with the Lease Premises thereafter. This part was discussed and agreed upon several
times during the negotiations. I call your attention to the following lease provisions:
"Whereas, Bekka Development Company recognizes that its property is
much more valuable than indicated by the terms of this lease agreement;...
(3'4 "Whereas" clause page 1)
"All costs,....and liability of and for the plaza...shall be borne by the lessee."
(paragraph 6 page 2)
"Lessee shall bear all costs and expenses, directly or indirectly associated
with the leased premises...and shall defend, indemnity and hold lesser
harmless therefore." (paragraph 13 page 3)
"Lessee shall pay anv and all costs and expenses associated with, directly or
indirectly,...to or for the leased premises." (paragraph 14.D. page 3)
"All risk and loss to the Leased Premises during the term or any extended
terms hereof shall be borne by the Lessee." (paragraph 14.D. page 3)
I hope that upon reflection as to how we got to this point and review of the
above provisions of the Lease, you will agree that it was never the intent of either the
Lessor or Lessee that the Lessee would lease the premises on a perpetual basis for
less that its market value and retain any liability for costs or expenses associated
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therewith. We are submitting to you the Davis, Cox & Wright PLC legal costs
incurred to date associated with the Lease Premises. We would appreciate the City
reimbursing us promptly for these costs. As you know the suit against us has been
dismissed and we are petitioning the court for reimbursement by the Plaintiffs. We
of course, would reimburse the City if this ruling should be favorable. The City's
attomey, Mr. Rose, has expressed to us that it is his belief that these legal fees are not
"costs and expenses associated with the lease premises." We strongly disagree with
this position. We understand however, that both Mayor Hanna and the City Attorney
believe that the original intent of the Agreement was for the City to bear all costs
connected with this Lease and will support reimbursement to BEKKA based on that
intent.
With regard to parking relocation losses suffered by Bekka, I have submitted
a second schedule. These losses were anticipated and discussed in great detail prior
to the execution of the Lease Document. Mr. Rose assured us at that time that a
special clause was unnecessary and that parking costs could be aggregated with other
potential cost items in section 14A of the lease. (A copy of the lease is attached for
your convenience). We anticipated that BEKKA would suffer damage from lost
parking of approximately $20,000 depending on the length of time we were deprived
of parking. At the time the lease was negotiated the City could not guarantee us any
alternate parking however, we agreed to use any such arrangement to offset our
damage and have done so with the off -square parking the city provided. Accordingly,
the schedule outlines actual damages to date and future estimates. It was our
understanding at this meeting that these costs should also be submitted to the City
with the positive support of Mayor Hanna and Mr. Rose.
As we discussed and as is outlined in my letter to Mr. Richard Alderman
dated January 13, 2000, we feel that Mr. Alderman is responsible for the City
violating their contractual agreement with us concerning construction of the Town
Center Plaza by designing and constructing the Plaza in a manner that was not
approved by us. We await the completion of the Center to determine damages, if
any, from this breach.
Your prompt attention to the attached invoice is appreciated. Again, thank
you for your help in this matter and in future matters of equity and fairness regarding
our long-term lease.
Yours truly,
John Bradberry
Vice President-Bekka Development Co.
cc: Mr. Jerry Rose, City Attomey
Mr E G Bradberry, President Bekka Development Co.
Mrs. Dianne Boyd, Secretary Bekka Development Co.
•
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BEKKA DEVELOPMENT CO.
City of Fayetteville, Arkansas
Budget Adjustment Form
=Budget Year
2000
Department:
Division:
Program:
Town Center
Date Requested
06/08/00
Adjustment #
Project or Item Requested:
Funding of $14,546 for the settlement with Bekka Development
for legal fee reimbursement and for parking space lost revenue.
Project or Item Deleted:
None. Recognition of interest income.
Justification of this Increase:
Claim submitted by Bekka Development.
Justification of this Decrease:
Sufficient cash and investments exist to fund the request.
Increase Expense (Decrease Revenue)
Account Name Amount Account Number Project Number
Legal Services
8,411 5600 9600 5314 01
Rent 6,135 5600 9600 5308 00
Decrease Expense (Increase Revenue)
Account Name Amount Account Number Project Number
Int. -CMT -A&P Transfer 15,546
5600 0960 6708 98
Approval Signatures
Requested By
Bddget M9nager
Departm
t Dire . tor
414.41.
AVSALsLai
ter.IP
/men VSL../' '-cR—
Date
4O
$ I-coo
D.te
Budget Office Use Only
Type: A B C
Date of Approval
Posted to General Ledger
Posted to Project Accounting
Entered in Category Log
Blue Copy: Budget & Research / Yellow Copy: Requester
H:\BUDGET\PROJECTS\TOW NCNTBA_BEKKA. W K4
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1
LEASE AGREEMENT
Agreement made this ZL day of , 1998, by and between BEKKA
Development Company, an Arkansas Corporation, with offices at One West Mountain Street,
Fayetteville, Arkansas 72701, (hereinafter called "Lessor"), and the City of Fayetteville, Arkansas,
a municipal corporation, with offices at 113 West Mountain Street, Fayetteville, Arkansas 72701,
(hereinafter called "Lessee").
WHEREAS, the City of Fayetteville desires to revitalize its Downtown by building a Town
Center with a Plaza connected to the Fayetteville Square; and,
WHEREAS, BEKKA Development Company is also interested in revitalizing Downtown
Fayetteville; and,
WHEREAS, BEKKA Development Company recognizes that its property is much more
valuable than indicated by the terms of this Lease Agreement; nevertheless, is willing to lease the
hereinafter described property, under the terms and conditions specified herein; and,
WHEREAS, the plans contemplate the conversion of an entire tract of Lessor's property to
use as an entrance plaza to the Town Center, which may materially and adversely impact Lessor's
adjacent developed lots to the east and west of the intended plaza, and will preclude integrated
development of Lessor's combined tracts fronting the Fayetteville Square; and,
WHEREAS, while the City could exercise its power of eminent domain to acquire Lessor's
property, both parties wish to avoid the uncertainties and potential expense of condemnation
proceedings, as well as the threat such proceedings could hold for either the project itself or the value
to Lessor of this and its adjacent lots.
NOW, THEREFORE, IN CONSIDERATION of the rents, promises, recitals and mutual
covenants contained herein, the Lessor and Lessee hereby agree as follows:
1. LEASED PREMISES. Lessor hereby lets, leases and demises unto Lessee, without
representations as to physical condition or suitability, subject to the terms and conditions contained
herein, the following described property situated in Washington County, Arkansas:
Lots Two (2) and Three (3) in Block Thirty (30) in the Original Plat of the Town
(now City) of Fayetteville, Arkansas, and part of Lot 4 West of Lot 3 to the existing
walkway edge, a distance of approximately 15'.
To have and hold said premises unto the said Lessee for and during the term herein stated,
subject to the covenants, terms and conditions contained herein.
2. TERM. This lease shall commence upon the effective date hereof and shall extend for
a term of twenty-five (25) years. Lessee shall have the option to extend said lease in five (5) year
increments, on an Evergreen basis, rent to continue as set forth in paragraph 7, if Lessee is not in
default. It is the specific intent of the parties that this lease be one of perpetual renewal at the option
of the Lessee so long as Lessee is not in default.
Mr
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3. DESIGN. Lessor agrees to allow Lessee to construct a Town Plaza in substantially the
same design as shown in the architectural drawing attached hereto as Exhibit "A". Before and after
initial construction, any substantial changes to the design as shown in Exhibit "A", must be approved
by the Lessor in writing prior to construction Lessor shall not unreasonably withhold such approval.
4. ASSIGNMENT. Lessee shall not assign this lease or sublet the leased premises or any
part thereof without prior written consent of the Lessor.
5. POSSESSION. Lessee may take possession of the leased premises when Lessor has
given•final approval of Lessee's plans for the improvements to be made to the Leased Premises as
set forth in paragraph 3 above and, when a construction contract for the Town Center Project, which
will be located south of the Leased Premises, has been entered into.
6. COSTS, UTILITIES AND LIABILITY. All costs, utilities, and liability of and for the
plaza and connecting areas, steps, and tie ins shall be borne by the Lessee.
7. RENT. As partial consideration, in addition to the terms, conditions and covenants
hereof, Lessee agrees to pay Lessor the sum of one hundred twenty thousand dollars ($120,000.00)
upon possession and one dollar ($1.00) per year during the term or any extended terms, hereof.
8. TAXES. Lessee shall pay any and all ad valorem taxes, fees and assessments levied
against said premises during the term of this lease; including, but not limited to, real estate taxes,
personal property taxes, sales taxes and off-street parking district taxes.
9. PARKING Lessee shall at no cost to the Lessor provide and maintain a paved area
adjacent to the Executive Square Office Building, underneath the Town Plaza, sufficient to
accommodate 32 parking spaces. Said area shall be for the exclusive use of the Lessor and/or
Lessor's Tenants and guests; however, when not in use by Lessor, said spaces may be utilized by
the Lessee for public purposes. Lessee shall provide and maintain reasonable access which is
satisfactory to the Lessor from the parking area provided to Lessor hereunder, to the premises to the
east and west of the Leased Premises; and shall provide and maintain lighting, ventilation and
upkeep of said parking area in a manner which is satisfactory to Lessor.
10. USE. Lessee shall use the Leased Premises for the purpose of building and operating
a Town Plaza, which shall be the entrance from the south side of the Fayetteville Square to the Town
Center, and for no other purpose or purposes without the written consent of Lessor.
11. DEFAULT. Lessor may declare a default by Lessee upon the following:
A. Lessee failing to pay any installment of rent and the failure continues for a period
of 60 days after written notice to the Lessee.
B. Failure to comply with any other terms of this Lease Agreement, and not curing
such failure within 60 days after written notice to the Lessee.
12. REMEDIES. Upon the occurrence of any default by the Lessee, which is not timely
cured after written notice, Lessor may terminate this Lease Agreement and immediately enter upon
•
and take possession of the leased premises. Pursuit of said remedy shall not preclude pursuit of any
other remedies herein provided, or provided by law. No waiver by Lessor or any violation or breach
of any portion hereof shall be deemed or construed to constitute a waiver of any other violation or
breach of the same or otherwise. Lessee shall pay any and all costs and expenses resulting from an
event of default hereunder or incurred in the collection of any past due balances hereunder, including
reasonable attorney fees, whether said attorney is in-house or not, and whether or not suit is brought.
13. CONTINUING OBLIGATIONS. Lessee shall bear all cost and expenses, directly or
indirectly associated with the Leased Premises, including, but not limited to, any and all
improvements, maintenance, up -keep, lighting, utilities, insurance, accidents, taxes, fees,
assessments, cleaning, snow removal and trash removal, and shall defend, indemnify and hold Lessor
harmless therefore. Lessee shall maintain the Leased Premises in a clean, attractive, healthful
condition, and in accordance with all laws and ordinances. Lessee's obligations under this
agreement shall continue and shall survive the expiration or termination hereof, until all obligations
of the Lessee incurred hereunder have been met. Nothing herein is to be interpreted or intended as
a waiver of the tort immunity granted Lessee under the law of the State of Arkansas.
14. MISCELLANEOUS PROVISIONS.
A. Lessee shall pay any and all costs and expenses associated with, directly or
indirectly, the removing, relocating, replacing, providing, etc., any and all utilities, electrical service,
heating and air-conditioning, water, sewer, steps, entrances, driveways, parking, etc., to or for the
Leased Premises. Said removal, relocations, etc., shall be subject to Lessor's pnor approval and
shall be done with minimum disruption of services.
B. Lessee shall provide and maintain reasonable access from the Leased Premises
(plaza and parking) to the premises east and west of the Leased Premises, to Lessor's satisfaction,
including at least three (3) walkways from the plaza to the premises located to the west of the Leased
Premises.
C. The rent provided in this lease shall not be used directly or indirectly in
determining fair market value in any subsequent condemnation action regarding this property.
D. All risk and loss to the Leased Premises during the term or any extended terms
hereof shall be borne by Lessee.
E Upon termination of the lease, Lessee shall continue to provide Lessor reasonable
ingress and egress to and from the Leased Premises across Lessee's property lying south of the
Leased Premises. Said access is currently being afforded by a driveway/alley along the south edge
of the Leased Premises from both East and Block Streets.
F. Lessee shall provide, at no cost to Lessor, during the term and any extended term
hereof, reasonable space for trash/garbage disposal and pickup for use by Lessor and the occupants
of the premises lying east and west of the Leased Premises.
15. SUCCESSION. This lease agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective heirs, successors and permitted assigns.
•
16. SEVERABILITY. Each provision of this lease agreement is severable from all other
provisions. In the event any court of competent jurisdiction determines that any provision is invalid
or unenforceable for any reason, all remaining provisions shall remain in full force and effect and
shall be construed to best effectuate the intent of the parties.
17. INTERPRETATION. This Lease Agreement shall be deemed to have been made
under and shall be governed by the laws of the State of Arkansas in all respects, including without
limitation, matters of construction, validity, performance and venue. Venue of any legal actions
shall be in Washington County, Arkansas and the parties specifically waive any and all other.
18. AUTHORIZATION. The persons executing this agreement covenant and represent that
they are duly authorized and empowered to do so on behalf of the party they purport to represent.
19. LIABILITY. Lessor shall not be liable to Lessee or any other party, person, or entity
for damage, injury or loss of any kind arising from or associated with the Leased Premises, directly
or indirectly, and Lessee shall defend, indemnify and hold Lessor and its officers, agents, employees,
directors, and shareholders harmless therefrom. The Lessee shall be liable for any and all damages
from their construction, development, and use of the Leased Premises. Nothing herein is to be
interpreted or intended as a waiver of the tort immunity granted Lessee under the Law of the State
of Arkansas.
•
20. TIME OF ESSENCE. Time shall be of the essence in this Lease Agreement.
21. ALL RIGHTS NOT SPECIFIED. All rights not specifically granted under this Lease
shall remain with the Lessor.
22. ENTIRE AGREEMENT. This Lease Agreement including Exhibit "A" contains the
entire agreement of both parties hereto, and no other oral or wntten agreement shall be binding on
the parties hereto. This Lease Agreement supersedes all pnor agreements, contracts, and
understanding of any kind between the parties relating to the subject matter hereof.
IN ITNESS W 'EREOF, the parties hereto have hereunto set their hands and seals on
day of �/l ,s,�'L� , 1998.
this
LESSOR:
LESSEE:
CITY OF FAYETTEVILLE, ARKANSAS
A Municipal Corporation
By. 7
Fred Hanna, Mayor
A ' 'EST: ATTEST:
»O444t 12B1 By . Z4
ecretary (1 H Cher Woodruff, City Clerk
•
Page 5
Bekka Development/
City of Fayetteville
Lease
ACKNOWLEDGMENT
STATE OF ARKANSAS )
)ss:
COUNTY OF WASHINGTON )
Before me, a Notary Public duly commissioned, qualified and acting within and for the
County and State aforesaid, appeared in person the within named, Fred Hanna and Heather
Woodruff, Mayor and City Clerk, respectively, for the City of Fayetteville, Arkansas, a municipal
corporation, to me personally known, who stated that they were duly authorized in their respective
capacities to execute the foregoing instrument for and in the name and behalf of the municipal
corporation, and further stated and acknowledged that they had so signed, executed and delivered
the foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.
IN ESTI HEREOF, I have hereunto set my hand and official seal on thise 2.
day of ONY 'WHEREOF,
, 1998.
My Cqmmission Expires:
-/-21J,'
Notary Public
ACKNOWLEDGMENT
STATE OF ARKANSAS )
)ss:
COUNTY OF WASHINGTON )
On this day before me, a Notary Public, duly commissioned, qualified and acting within and
for the State and County aforesaid, appeared E G Bradberry, known to me to be the person and
officer whose name is subscribed to the foregoing instrument for and in the name and on behalf of
BEKKA Development Company, and further stated that he had so signed, executed and delivered
said instrument for the consideration, uses and purposes therein mentioned and set forth.
IN STIMONY WHEREOF, I have hereunto set my hand and official seal, this .7.7
day of t� bOiL 1 , 1998. '
N. tary Public
My Commission Expires.
-aDDP
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•
XX AGENDA REQUEST
CONTRACT REVIEW
GRANT REVIEW
STAFF REVIEW FORM
For the Fayetteville City Council meeting of June 20, 2000
FROM:
Manor Hanna Mayor
Name
Executive
Division Department
ACTION REQUIRED:
Consideration of a claim by Bekka Development for legal expenses and lost parking
space revenue in conjunction with the Town Center. If the claim is approved,
approval of a budget adjustment to fund the approved claim is also requested.
COST TO CITY:
$14,545.35
Cost of this Request
5600-9600-5314-01
5600-9600-5308-00
Account Number
Project Number
10,627.00 Services & Charges
Category/Project Budget Category/Project Name
10,500.00
Funds Used To Date Program Name
127.00 Town Center
Remaining Balance Fund
BUDGET REVIEW:
Budge Manager
Budgeted Item X Budget Adjustment Attached
Administrative Services Director
CONTRACT/GRANT/LEASE REVIEW: GRANTING AGENCY:
A
Attorney
Purchasing Officer
L -81)o
Da1-4N4-0-411)
e n Internal Auditor
bate ADA Coordinator
(o -la -do
Date
Date
Date
STAFF RECOMMENDATION:
Division Head
Date
Cross Reference
New Item: Yes No
Prey Ord/Res #:
Orig Contract Date:
Orig Contract Number:
FAYETTEV,LLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENTAL CORRESPONDENCE
J.
To: John Maguire, Administrative Services Director
From: Heather Woodruff, City Clerk
Date: July 12, 2000
Attached is a copy of Resolution 85-00 approving a budget adjustment for payment of lost
parking space revenue, through June 2000, in conjunction with the Town Center to Bekka
Development. The budget adjustment has been forwarded to the Budget and Research Division.
cc: Steve Davis, Budget & Research
Nancy Smith, Internal Auditor
Marilyn Cramer, Accounting
•
RESOLUTION NO. 85-00
A RESOLUTION AUTHORIZING PAYMENT OF LOST
PARKING SPACE REVENUE, THROUGH JUNE 2000, IN
CONJUNCTION WITH THE TOWN CENTER TO BEKKA
DEVELOPMENT IN THE AMOUNT OF $6,135.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS•
Section 1. That the City Council hereby authorizes payment of lost parking space
revenue, through June 2000, in conjunction with the Town Center to Bekka Development in the
amount of $6,135. A copy of the invoice is attached hereto marked Exhibit "A" and made a part
hereof.
•0i,p•AND APPROVED this 20th day of June , 2000.
•
APPROVE
I /
By: /
Pied Hanna, Mayor
ATTEST:
By:
arezere
eather Woodruff, City Cle