HomeMy WebLinkAbout193-16 RESOLUTIONf ('r
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113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 193-16
File Number: 2016-0486
SOUTHWIND HOSPITALITY HOLDINGS, LLC AMENDMENT NO. 1:
A RESOLUTION TO APPROVE AMENDMENT NO. 1 TO THE CONTRACT WITH SOUTHWIND
HOSPITALITY HOLDINGS, LLC TO REFLECT THE CORRECT NUMBER OF PARKING SPACES
BEING LEASED IN THE MEADOW STREET PARKING DECK, AND TO APPROVE A CREDIT IN
THE AMOUNT OF $700.00 FOR PAST OVERPAYMENT FOR TWO PARKING SPACES.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves Amendment No. 1
to the lease agreement with Southwind Hospitality Holdings, LLC to reflect that the correct number of
spaces being leased in the Meadow Street Parking Deck is 178 rather than 176, and further approves a
credit in the amount of $700.00 for past overpayment of two parking spaces.
PASSED and APPROVED on 11/1/2016
Y OF G��•
FAYETTEVILLE;�
Attest: �'G9iS • �,?'A t aP J`'�•�•
X-n� C 4'.1-41
Sondra E. Smith, City Clerk Treasurer
Page 1 Printed on 1112116
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
lgpi (479) 575-8323
5
Text File
File Number: 2016-0486
Agenda Date: 11/1/2016 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 3
SOUTHWIND HOSPITALITY HOLDINGS, LLC AMENDMENT NO. 1:
A RESOLUTION TO APPROVE AMENDMENT NO. 1 TO THE CONTRACT WITH SOUTHWIND
HOSPITALITY HOLDINGS, LLC TO REFLECT THE CORRECT NUMBER OF PARKING
SPACES BEING LEASED IN THE MEADOW STREET PARKING DECK, AND TO APPROVE A
CREDIT IN THE AMOUNT OF $700.00 FOR PAST OVERPAYMENT FOR TWO PARKING
SPACES
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves Amendment No.
1 to the lease agreement with Southwind Hospitality Holdings, LLC to reflect that the correct number of
spaces being leased in the Meadow Street Parking Deck is 178 rather than 176, and further approves a
credit in the amount of $700.00 for past overpayment of two parking spaces.
City of Fayetteville, Arkansas Page 1 Printed on 11/2/2016
City of Fayetteville Staff Review Form
2016-0486
Legistar File ID
11/1/2016
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Justin Clay 10/12/2016 Parking & Telecommunications/
Chief of Staff
Submitted By Submitted Date Division / Department
Action Recommendation:
Approving an amendment to the Lease Agreement for the Meadow Streeet (Municipal) Parking deck to reflect that
the agreement is for 176 parking spaces.
Account Number
Project Number
Budgeted Item?
Budget Impact:
Current Budget
Funds Obligated
Current Balance
Fund
Project Title
Does item have a cost? Item Cost
Budget Adjustment Attached? Budget Adjustment
Remaining Budget
V20140710
Previous Ordinance or Resolution # 162-11
Original Contract Number:
Comments:
Approval Date:
CITY OF
Fay' 1.
le
ARKANSAS
MEETING OF NOVEMBER 1, 2016
TO: Lioneld Jordan, Mayor
City Council
CITY COUNCIL AGENDA MEMO
THRU: Paul Becker, Chief Financial Officer
Don Marr, Chief of Staff
Peter Nierengarten, Director of Sustainability, Resilience and Parking
FROM: Justin Clay, Parking Manager
DATE: October 12, 2016
SUBJECT: Amend Parking Lease Agreement for Meadow Street Parking Deck
RECOMMENDATION:
Staff recommends amending the Lease Agreement for the Meadow Street (Municipal) Parking
deck to reflect that the agreement is for 176 spaces. Staff further recommends issuing a credit of
$700.00 to the Chancellor Hotel for past overpayment of two (2) spaces.
BACKGROUND:
On October 16, 1990, the City entered into a lease with FOURTEN SOUTH BROADWAY
CORPORATION. The original Lease Agreement was written for all of the first floor and all of the
third floor (roof) spaces for a total of 180 spaces (Attachment A). The Americans with Disabilities
Act (ADA) of 1990 required designated access aisles for the handicapped spaces. For 51-100
parking spaces (the first floor fits this size) the ADA requires four (4) NIC spaces with access
aisles for each vehicle. These access aisles could be shared by two H/C spaces or dedicated to a
particular space.
On October 16, 1990, an amendment to the Lease Agreement was made naming the Fayetteville
Hotel Ventures Limited Partnership as the Tenant for 180 parking spaces in the parking deck.
In August, 2004, Resolution 123-04 amended the lease with Radisson Hotel to "Continue to lease
parking spaces in the Municipal Parking Deck for one additional year". The number of spaces
given was 180 in the Contract Review memo.
In June, 2006, Resolution 112-06 established a Lease Agreement with the Radisson Hotel for a
total of 178 leasable spaces. No indication explaining the change in the number of spaces from
1990 was given.
Mailing Address:
113 W. Mountain Street www_fayetteville-ar.gov
Fayetteville, AR 72701
In July, 2010, Resolution 147-10 established a Lease Agreement with Ozark Asset Management
for 89 spaces on the first level.
In September, 2011, Resolution 162-11 established a Lease Agreement with Southwind
Hospitality, LLC for 178 total leasable spaces.
It is thought that the current three handicapped access aisles were designated on the first floor to
bring the level into compliance with the ADA sometime after June, 2006, which resulted in the
loss of three (3) parking spaces, bringing the total leased spaces to 177.
DISCUSSION:
In June, 2016, a diagram of all 3 levels was created showing the first floor having 83 regular spaces
and 4 handicapped spaces plus 3 access aisles for a total of 87 leasable spaces. The third (roof)
level has 88 regular spaces plus I handicapped space with no access aisle for a total of 89 leasable
spaces. This results in a total of 176 leasable spaces for the combined 1St and 3rd levels. (Attachment
B)
In June, 2016, Parking Management staff was asked to and did meet with the new property
management company representatives for the hotel. Ms. Maxine Dee, Regional Vice -President of
Operations for the Schulte Hospitality Group (shg) and the Interim Manager of the hotel Ashley
Kellam were inquiring as to how the parking deck operated, what they could do to increase revenue
in the facility, and to ask us to examine the billings for this year as they counted a different number
of spaces than they were being billed for. Billing has been for 89 spaces on the 1St level and 89
spaces on the 3rd (roof) level for a monthly total of 178 spaces.
BUDGET/STAFF IMPACT:
When corrected, this would affect the Parking budget revenue with a reduction in income of $1,200
annually
There is no staff impact.
SUMMARY:
Using the current space counts, the City has over billed the hotel for at least the past 7 months by
2 spaces.(Attachments C -I) At $50.00 per space, per month, the billings in question total a
difference of $100.00/month for a total year to date of $700.00. Staff recommends the Lease
Agreement be amended to reflect the correct number of one hundred seventy-six (176) spaces.
ATTACHMENTS:
Amendment Southwind Lease
Southwind Original Lease
AMENDMENT #1 TO LEASE OF MEADOW STREET PARKING DECK
Levels 1 and 3
BE IT KNOWN TO ALL:
That the City of Fayetteville, Arkansas and Southwind Hospitality Holdings, LLC on this
day of July, 2016, hereby agree that their Lease Agreement of September 6, 2011, shall
be amended as follows:
1. The legal description contained in the Agreement shall be amended by substituting the
following legal description of the Leased Premises:
Eighty-seven (87) parking spaces located in the first level and eighty-nine (89) parking
spaces located on the third level of the Meadow Street Parking Deck located upon real
property more particularly described as:
A part of Block numbered Fifteen (15) in the original plat of the City of Fayetteville,
Arkansas described as follows: Beginning at a point 127 feet west of the northeast corner
of said Block Fifteen; and running thence west 177 feet; thence south 206 feet; thence east
177 feet; thence north 206 feet to the place of beginning.
2. Paragraphs 1, 3 and 4 shall be amended by changing all references to the number of leased
parking spaces on the first level of the parking deck from 89 to 87 and by changing the
total number of leased parking spaces on the first and third floors of the parking deck from
178 to 176.
The parties agree and understand that this Amendment is supplemental to their Lease
Agreement of September 6, 2011, and that it does not alter, amend or abridge any of the rights,
obligations, or duties of the parties not expressly addressed herein.
IN WITNESS WHEREOF, the parties hereto have caused their signatures to be set by
their authorized representatives effective the date set forth herein above.
Southwind Hospitality Holdings, LLC
Primed Name: -T -- c ,j
Title: (k'-' ohm 't
WITNESS:
L
Printed Name:
Title:
City gjayetteville, Arkansas
Mayor
ATTEST: ;l T• • REgS,��4
t=C)'�nyT1E�ILLE.
Sondra E. Smith, City Clerk -Treasurer;
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LEASE OF MEADOW STREET PARKING DECK
Levels 1 and 3
This Agreement, made and entered into this day of
2011, by and between the City of Fayetteville, Arkansas, a Municipal Corporation, 113
W. Mountain St., Fayetteville, Arkansas, acid Southwind .hospitality, LLC 5998 Place
Blvd. I Iatticsburg, MS 39402.
WITNESSETH:
The City of Fayetteville, for and in consideration of the rents hereinafter reserved and
of the covenants and agreements hereinafter set forth to be kept and performed by
Southwind Hospitality agrees to lease the premises as later described to Southwind
Hospitality, LLC, and Southwind Hospitality, LLC agrees to pay rents set forth below
and to lease from the City of Fayetteville, portions of the Meadow Street Parking Deck
on that parcel of land situated in the County of Washington and State of Arkansas, and
more particularly described as:
Eighty-nine (89) parking spaces located in the first level and eighty-
nine (89) parking spaces located on the third level of the Meadow
Street Parking Deck located upon real property more particularly
described as:
A part of Block numbered Fifteen (15) in the original plat of the City of
Fayetteville, Arkansas, described as follows: Beginning at a point 127
feet west of the northeast corner of said Block Fifteen; and running
thence west 177 feet; thence south 206 feet; thence east 177 feet;
thence north 206 feet to the place of beginning.
Said parcel of land and parking spaces may be hereinafter referred to as the "Leased
Premises".
1. Term of Lease. The initial tern of this Lease shall commence on October 1, 2011
after the execution of the lease by both parties and shall be for a period of one ( 1) year
and cover only the first level with 89 parking spaces at $50,00 per month each or
$4,450.00 per month. There shall be two automatic annual renewals, each for a period of
seven (7) additional years. For each of the seven (7) year extensions Southwind
Hospitality will lease 178 parking spaces at $50.00 per month on the first and third levels
of the Meadow Street Parking Deck for a total monthly rental of $8,900.00,
2. Right of First Refusal, if' at any time during the term of this Lease the City of
Fayetteville receives an acceptable bona fide offer to purchase the Leased Premises,
or any part thereof, the City of Fayetteville shall submit a written copy of such offer to
Southwind Hospitality giving Southwind Hospitality thirty (30) days within which to
elect to meet such offer.
3. Parking Spaces. This Lease shall be for the entire first level of the Leased
Premises consisting of eighty-nine (89) parking spaces of the Fayetteville Municipal
Parking Deck located at 25 E. Meadow Street for the term of the first 1 year lease. This
lease shall cover the first and third levels (178 parking spaces) for years 2-15.
4. Rent, Southwind Hospitality shall pay to the City of Fayetteville as rent for the
Leased Premises the following:
a. The sum of fifty dollars ($50,00) per month per parking space (89) rented
on the first level of the Leased Premises which monthly total shall be Four
Thousand Four Hundred Fifty Dollars ($4,450.00).
b. The sum of fifty dollars ($50.00) per month per parking space rented (89)
on the third level of the Leased Premises which monthly total shall be Four
Thousand Four Hundred Fifty Dollars ($4,450.00).
The monthly rental shall be payable in consecutive monthly installments
payable in advance on or before the first day of every calendar month.
5. Deposit. Southwind Hospitality shall pay to the City of Fayetteville a deposit in
advance equal to one (1) months rent. Deposit must be paid to the City of Fayetteville
within ten (10) business days upon execution of this Agreement. Upon termination of this
Agreement, the deposit shall be applied to any outstanding balance due and the remainder
returned to Southwind Hospitality within forty-five (45) days after termination of
Agreement.
6. Use. Southwind Hospitality and their subtenant or occupants shall have the right to
use the Leased Premises for parking only; any other use of the Leased Premises must be
pre -approved by the City of Fayetteville and shall meet all present and fixture building
codes, zoning and other laws.
7. Re airs. The City of Fayetteville shall, during the term of this Lease and any
renewal or extension thereof, at its sole expense, keep the Leased Premises in as good
order and repair as it is at the date of the commencement of this Lease, reasonable wear
and tear and damage by accidental fire or other casualty not within the control of City of
Fayetteville excepted, Southwind Hospitality shall not knowingly commit or willfully
permit to be committed on the Leased Premises any waste, damaging act or thing
contrary to the rules and regulations prescribed from time to time by either federal, state
or municipal authority.
8. Casualty. If at any time the Leased Premises or the building which forms the
principal component of the Leased Premises should be damaged by fire or any major
casualty which is not the fault of Southwind hospitality and the cost of repairing the
damage does not exceed 35% of the value of the Meadow Street Parking Deck, then the
City of Fayetteville shall as soon as reasonably practical repair the damage caused by said
fire or other casualty. If, however, the damage should exceed 35% of the value of the
Meadow Street Parking Deck. the City of Fayetteville shall have the option of either
repairing said premises or terminating this Lease as of the date of said fire or other
casualty by giving notice to Southwind Hospitality within thirty (30) days after said date.
If the damages should render the Leased Premises untenantable for the use of Southwind
Hospitality's business as set forth herein, the rental from the date of said fire, or any
major casualty not the fault of the Southwind Hospitality, to the date of the completion of
the restoration of the premises shall be -abated, such abatement being figured on a pro rata
basis of the rentals.
In the event the damage should exceed 35% of the value of the Meadow Street
Parking Deck and the City of Fayetteville makes the decision not to repair the Leased
Premises such a decision must be submitted in writing to Southwind Hospitality. Upon
receipt of the notice from City of Fayetteville, Southwind Hospitality has thirty (30) days
to elect either, or both, of the following options:
a. To purchase the entire Leased Premises from City of Fayetteville at its then
fair market value and/or,
b. To repair the Leased Premises as Southwind Hospitality's sole and
exclusive expense with all terms of the Lease Agreement, except for
abatement of rent provided for herein, continuing in effect.
9. Lighting and Painting. City of Fayetteville shall, during the term of this Lease
and any renewal or extension thereof, at its sole expense, keep, in the same manner as it
is as of the date of the commencement of this Lease, the Leased Premises lighted, and all
parking spaces properly striped and the premises painted.
10. Parking Equipment.. City of Fayetteville shall, during the term of this Lease and
any renewal or extension thereof, at its sole expense, provide revenue control and access
equipment for the Leased Premises. This equipment shall include parking gates, parking
card readers, and automatic revenue control machines located at the entrance of the
parking deck.
11. Parking Management Services. The City of Fayetteville shall provide services
to manage the municipal parking deck located directly east of the Cosmopolitan Hotel,
Fhis service shall include the following:
a. Provide parking revenues and access control equipment for Leased
Premises.
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h. Program parking cards and distributing them to Southwind Hospitality;
activate and deactivate parking cards as requested by Southwind
Hospitality.
C. Provide routine maintenance on gates, card readers, revenue control
machines, etc. Expenses incurred for maintenance on equipment shall be
borne by the City of Fayetteville, unless damages for required repairs were
directly caused by Southwind Hospitality and/or its employees,
d. Provide a minimum of four (4) hours of cleaning services per week;
cleaning services include sweeping; blowing; vacuuming; spot washing of
soft drinks, mud, or other spills; and the emptying of trash containers into
the dumpster.
e. Retrieve revenues from revenue control machines at least once per month,
f. Frequently service the revenue control machines to ensure change hoppers
have sufficient coins to make change to customers. City staff will take
sufficient amount of money from the revenues collected in order to
purchase enough quarters and dollar coins to keep revenue machines fully
operational. One hundred percent (100%) of the revenues collected, less
monies used to replenish quarter and dollar coin hoppers, will be deposited
into the City's account; a check will be issued to Southwind Hospitality for
one hundred percent ( 100%) of the total revenues, less monies used to
replenish quarter and dollar coin hoppers and/or cost to replenish parking
cards. This revenue shall be reimbursed to Southwind Hospitality within
thirty (30) days of receipt of monies collected.
g. Provide accounting of all revenues received through the revenue control
machines on a monthly basis; provide audit statements of revenues
collected to Southwind hospitality on a monthly basis.
h. All expenses incurred for the purchase of equipment and supplies for the
operations of the deck shall he borne by the City of Fayetteville. All
purchases shall be initiated by the City of Fayetteville.
i. The City agrees to allocate parking cards only to Southwind Hospitality`s
and employees of the Parking Management Division for purposes of
executing parking services.
Southwind Hospitality may reallocate parking cards to a second party as
they deem necessary; however, Southwind Hospitality may not resell
parking spaces for a greater amount than that paid by Southwind
Hospitality to the City of Fayetteville as set forth in this contract except that
Southwind Hospitality is free to charge its hotel guests whatever parking
fee it determines is appropriate.
12. Tenant Responsibilities, Southwind Hospitality shall provide the following:
a. Reimburse the City of Fayetteville for cost of all parking cards provided for
access into the Leased Premises. The City of Fayetteville shall bill
Southwind Hospitality for all parking cards issued to Southwind Hospitality
at the actual cost of the cards plus applicable sales tax, The City of
Fayetteville shall have the option to bill Southwind I lospitality for this cost.
or may deduct the cost directly from the money collected from the revenue,
control machines. If invoiced, Southwind Hospitality shall submit payment
within thirty (30) days of invoice date to the City of Fayetteville.
b. Provide advance notification to the City of Fayetteville and post signage at
the Leased Premises at least forty-eight (48) hours in advance prior to any
parking area closure on Leased Premises.
c, Provide advance notification at least forty-eight (48) hours in advance to
the City of Fayetteville when gates need to be programmed to open/close
for special events or any other reason,
d. Provide advance notification at least forty-eight ( 48) hours in advance to
the City of Fayetteville when additional parking cards need to be issued
and/or programmed.
13. Insurance. Southwind Hospitality shall be solely responsible for insuring its
interests in the Leased Premises and improvements for its protection.
14. Taxes. The City of Fayetteville shall pay all real estate taxes and special
assessments, if any, during the term of the Lease.
15. Utilities/Janitorial. The City of Fayetteville shall pay for all utility service and
janitorial service in the leased Premises.
16. Nuisance. Southwind Hospitality covenants and agrees not to use or allow the
Leased Premises to be used for any purpose or in any manner which would constitute or
create a nuisance, which would constitute waste. which would interfere with the lawful
rights of owners or occupants of adjoining property or which would in any way be
contrary to the law, ordinances, orders, rules, regulations or requirements of the federal,
state, county or municipal governments or any department, board or bureau thereof'
Southwind Hospitality further agrees to promptly comply with the requirements of any of
the aforesaid authorities with reference to the installation, erection, construction, use,
repair or modifications or any improvements situated upon the Leased Premises during
the term of this Lease.
17, Holding Over. Any occupancy by Southwind Hospitality of the Leased Premises
beyond the expiration of this Lease as herein provided shall be a tenancy from month to
month.
18. Notices. All notices, demands and requests provided for or permitted to be given
under this Agreement must be in writing and shall be deemed to have been properly
given or served by depositing the same in the United States Mail, addressed to the City of
Fayetteville or to Southwind Hospitality, as the case may be, prepaid and certified mail,
return receipt requested, at the party's last known address. All notices, demands and
requests shall be effective seventy-two (72) hours after being deposited in the United
States Mail. Rejection or other refusal to accept or the inability to deliver because of
changed address of which no notice was given shall be deemed to be receipt of the notice,
demand or request. Either party shall have the right from time to time and at any time
upon at least ten (10) days written notice thereof, to change their respective addresses and
each shall have the right to specify as its address any other address within the United
States of America.
19. Legal Representatives, Successors ad Assirns. It is further covenanted and
agreed by and between the City of Fayetteville and Southwind Hospitality, that all
covenants, agreements, provisions, conditions and undertakings in this Lease contained
shall extend to and be binding upon the heirs, executors, successors and assigns of the
respective expressed, and shall be construed as covenants and conditions running with the
land and the reversion; and that wherever in this Lease reference is made to either the
City of Fayetteville or South wind Hospitality , it shall be held to include and apply to
(wherever and whenever applicable) the heirs, executors, successors, personal or legal
representatives and assigns of the City of Fayetteville or Southwind Hospitality, the same
as if in each and every case so expressed.
20. Condemnation. If during the term of this Lease, or any renewal thereof, all or
substantially all of the Leased Premises shall be taken or condemned by a competent
authority for any purpose or use, then the Lease shall terminate immediately after the
vesting of title in such authority and rent shall be paid to and adjusted as of that day. The
term "all or substantially all" shall be deemed to mean a taking of all of the Leased
Premises or a taking of such portion of the Leased Premises that Southwind Hospitality
cannot reasonably operate in the remainder in substantially the same manner as before.
21. Right Upon Default. The City of Fayetteville may declare Southwind Hospitality
in default and terminate this lease if Southwind Hospitality shall do any of the following:
a. Default in the payment of any installment of monthly rent and continue in
default for thirty (30) days after the City of Fayetteville gives Southwind
Hospitality written notice specifying the default; or
b. Fail to timely pay monthly rental payments for two (2) or more months
during any consecutive twelve (12) month period during the terns of this
lease may, at the discretion of the City of Fayetteville, constitute default; or
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c. Default in any other covenant of Southwind Hospitality in this Lease and
fail to commence (subject to unavoidable delay) to take reasonable steps to
remedy such default within twenty (20) days after the City of Fayetteville
gives Southwind Hospitality written notice specifying the default.
d. Upon the occurrence of any default that has not been fully and timely
remedied, the City of Fayetteville may terminate this Lease upon ten (10)
days written notice of its intent to so terminate, provided the termination
shall not be allowed if either of the following provisions are complied with
during the notice period or at any prior time:
i. Southwind Hospitality proceeds to cure the default or takes
reasonable remedies to cure the default; or
ii. Southwind Hospitality contests the amount claimed to be due
or any other item for which an amount could be estimated
(definite or estimated), and Southwind Hospitality deposits
the contested amount in an escrow account with instructions
to the escrow agent to disburse the amount in accordance with
the written, agreement of Southwind Hospitality and the City
of Fayetteville or in accordance with the order of a court
exercising jurisdiction over the controversy.
22. Termination. Neither party may terminate this agreement without consent of the
other party unless the other party has committed a default. If the City of Fayetteville sells
this parking garage to a third party, this lease and all extensions of this lease must be
assigned -with the sale.
23. Assignability. Southwind Hospitality shall not, without the written consent
of City of Fayetteville, assign this Lease, or any rights there under, or sublet any part of
the Leased Premises, provided however, Southwind Hospitality is authorized to assign
this Lease as part of any sale of the hotel that is located adjacent to the Leased Premises
provided that, at the time of the closing of the sale, the purchaser agrees to continue to
operate the purchased improvements as a hotel. Upon any approved assignment of this
lease by Southwind Hospitality in which its assignee agrees to be bound by all terms of
this Lease. Southwind Hospitality shall be released and discharged from any further
obligations or liabilities it has hereunder and any assignee of Southwind Hospitality shall
have all rights belonging to Southwind Hospitality under this Lease.
24. Entire Agreement. All previous negotiations and understandings between the
City of Fayetteville and South -wind Hospitality, or their respective agents and employees,
with respect to the Lease Agreement set forth herein are merged in this Lease Agreement
which alone fully and completely expresses the parties' rights, duties and obligations.
25. Amendments. No waivers, alterations or modifications of this Lease shall be
valid unless written upon or attached to the fully executed copies of this Lease and
further executed by both the City of Fayetteville and Southwind Hospitality herein.
26. Binding. This Lease shall be binding upon the parties and upon their heirs,
successors and assigns. This Lease shall be construed under the laws of the State of
Arkansas.
IN WITNESS WHEREOF, the City of Fayetteville and Southwind Hospitality have
executed this Agreement on or as of the date first written above.
SOUTHWIND HOSPITALITY, LLC,
an Arkansas limited liability company
l3,,. •
IKE THRASH
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bide
Witness:
CITY OF
FAYEmVILLE, ARKANSAS
I.,It.)N I:l .1) ,1Ul2I):1.\..)•1;a or
Attest:
13': By:
(I'rirft d Name and t•itle) SONDRA E. SMITH, City Clerk
4