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1535RESOLUTION NO. ~~ A RESOLUTION TO APPROVE AN AGREEMENT FOR PRIVATE/PUBLIC REAR PARKING PARTNERSHIP NORTH SIDE, 800 BLOCK OF EAST BROADWAY, WEST MEMPHIS, ARKANSAS. WHEREAS, the area of downtown West Memphis is nearing its goal of 100% occupancy and the issue of additional parking has become a priority; and WHEREAS, the owners of certain properties in the downtown area of West Memphis have agreed to permit the use of portions of their properties for public parking and to maintain the hard surface of the paved lots and to provide other improvements; and WHEREAS, the City of West Memphis has agreed to provide hard surfacing for these parking areas and to provide striping ;and WHEREAS, it is the intent of the agreement to provide rear parking for customers, business owners and their employees, thereby freeing on-street parking for customers; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS THAT the agreement for Private/Public Rear Parking Partnership North Side, 800 Block of East Broadway, West Memphis, Arkansas, is hereby approved and the Mayor is hereby authorized and directed to execute said agreement on behalf of the City of West Memphis. ADOPTED this ~ day of v~ , 1997. ~ ~~~ AL BOALS, Mayor aE~E1vE~ CITY CLERK OFFICE DATE ~ - ~ ~ - 9 '~' ~ ~.~~