0632 RESOLUTION 632
WHEREAS , seriously congested traffic conditions exist
on some of the streets and highways through the City of West
Memphis , and
WHEREAS , a Federal-State Aid County Project for Crittenden
County (Job F-18-1) has been prepared for letting on June 1 ,
‘mir: 1978 , which will make certain changes in the Club Road Inter-
change in the City of West Memphis , and
WHEREAS , shortly after June 1 , 1978 , Southland Drive is
to be constructed northwesterly from the Club Road Interchange ,
which will alleviate some of the traffic conditions existing
within the City , and
WHEREAS , Southland Racing Corporation has offered to
donate to the City of West Memphis a sum of money not to
exceed the sum of $300 ,000 . 00 to assist in the construction
of the Club Road Interchange (Job F-18-1 , Mound City-South,
FAP RS-1975 (1) , FAS Rt . 1975 , Crittenden County) , and the
to' Southland Drive , and
WHEREAS , Southland Racing Corporation has tendered its
check in the sum of $51 , 000 . 00 , and upon the letting of the
bid for the construction of Southland Drive will deliver to the
City of West Memphis an additional sum not to exceed $249 , 000 . 00 ,
which shall be used only for the purposes of assisting in the
construction of said streets and interchange and upon the condi-
tion that the contract for the construction of Southland Drive
has been executed by July 31, 1979 . If the contract for the
construction of Southland Drive has not been executed by
July 31, 1979 , then all monies received by the City of West
Memphis under this gift shall be immediately returned to
Southland Racing Corporation.
Ibr NOW, THEREFORE , BE IT RESOLVED by the City Council of the
City of West Memphis that the gift be , and the same is hereby
accepted on the terms , conditions and for the purposes prescribed
in the letter of May 25 , 1978 , and that it shall be the aim and
intent of the City of West Memphis to carry out the objects of
this gift .
PASSED AND APPROVED this 25th day of May, 1978 .
L„,
MAYOR
Nkomo-
ATTEST:
CITY CLERK
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