Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Riverfront Purchase topic
No spam. Unsubscribe anytime.
Council approves purchase of two Olive Street parcels to complete riverfront ownership
Summary
The council authorized purchase of 222 and 224 Olive Street from the Daniel Living Trust to connect riverfront parcels; members pressed for an independent appraisal and asked whether the docks and fire-boat access would transfer with the sale before approving the resolution.
The North Little Rock City Council approved a resolution authorizing purchase of property at 222 and 224 Olive Street from the Daniel Living Trust to complete a continuous stretch of riverfront property owned by the city.
Council members questioned whether the city had completed an independent appraisal and whether docks on the site would be included and used by the fire department. Council Member Hamilton asked for an appraisal; the mayor and city attorney explained there had been some valuation work by staff and that the seller approached the city to liquidate a trust. The city attorney noted timing concerns — council members were told that if the city did not act another buyer might purchase the property.
Council Member Ross read information on the intent to complete the riverfront connection and noted the potential savings from relocating a fire boat’s storage. Council Member Hamilton and others pressed for an independent appraisal; an amendment to require a formal appraisal failed to get a second on the floor.
The council called the question and voted; the roll-call includes recorded Yes and No votes. The motion carried; council members who voted No said they wanted an independent appraisal before purchase.
What happens next: City staff will proceed under the authorization to finalize the purchase and follow up with procedures the council requested; council members asked to be updated on appraisal status and future riverfront plans.
