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City Council approves sale of 512 Main Street to A&P commission for $2,500 amid debate over appraisal and process
Summary
The North Little Rock City Council voted to sell 512 Main Street to the North Little Rock Advertising & Promotion (A&P) Commission for $2,500, with the commission to fund and build a pavilion and public art; the decision drew questions about the appraisal, public notice and use of A&P funds.
The North Little Rock City Council voted to sell city-owned property at 512 Main Street to the North Little Rock Advertising & Promotion Commission for a $2,500 purchase price and closing costs, with the commission committing to build a pavilion and install bronze sculptures on the site.
City staff described the sale as an exchange of the nominal purchase price plus an obligation by the A&P Commission to construct the planned pavilion and art and to maintain them; staff said the property would revert to the city if the commission failed to meet construction or maintenance conditions. Miss Fields, a staff member who described legal requirements for public property sales, said: "The pavilion and install the bronze sculptures that are set out in the promotional materials on the AMP commissions." She also told council members that "it has to be adequate payment. Mhmm. We cannot just…
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