14926 111111111111111111111111111111111111 2019004553
PRESENTED o1-23-201909:18:16 AM RECORDED:01-23-2019 09:36:54 AM
In Official Records of Terri Hollingsworth Circuit/County Clerk
PULASKI CO,AR FEE$35.00
1 RESOLUTION NO. 14,926
2
3 A RESOLUTION AUTHORIZING THE MAYOR TO ENTER INTO A
4 CONTRACT WITH THE QUAPAW NATION FOR THE PURCHASE OF
5 APPROXIMATLEY 77.5 ACRES OF LAND AND TO ACQUIRE AN
6 OPTION FOR AN ADDITIONAL 77.5 ACRES OF LAND, FOR USE BY
7 THE LITTLE ROCK PORT AUTHORITY;AND FOR OTHER PURPOSES.
8
9 WHEREAS,the City of Little Rock,Arkansas,through its 2011 Capital Sales Tax Initiative, set aside
10 money for the specific purpose of expanding the real estate holdings of the Little Rock Port Authority;and,
11 WHEREAS,the Little Rock Port Authority has been actively exploring opportunities for expansion,
12 including the development of a 2008 Master Real Estate Acquisition Plan; and,
13 WHEREAS,the Little Rock Port Authority Staff has worked with the Greater Little Rock Regional
14 Chamber of Commerce,and other interested parties,to explore viable options for real estate expansion and
15 determined that this particular parcel will meet the future needs of the Little Rock Port Authority for
16 economic prospect recruitment purposes; and,
17 WHEREAS,the Little Rock Port Authority Staff has extended a preliminary offer, based upon recent
18 land acquisitions made by the Little Rock Port Authority,for the property in question and the offer has been
19 accepted by the owner.
20 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
21 OF LITTLE ROCK:
22 Section 1. The City of Little Rock Board of Directors authorizes the Mayor to purchase approximately
23 77.5 acres of land described as the Western Half of the Southwest Quarter (W1/2 SW1/4) of Section 22,
24 Township 1 North Range 11 West, Pulaski County, Arkansas (section 22 parcel) and also enter into an
25 option for an additional 77.5 acres of land for use by the Little Rock Port Authority,both of which are more
26 particularly described in Exhibit A, attached hereto and make a part thereof.
27 Section 2. The purchase price for the initial 77.5 acres is One Million,Four Hundred Fifty Thousand
28 Dollars ($1,450,000.00) plus associated closing costs and the purchase price for the remaining 77.5 acers
29 if the option is executed will be One Million, Seven Hundred Thousand Dollars($1,700,000.00).
30 Section 3. Funding for this purchase will come from the City of Little Rock's Capital Improvement
31 Sales Tax Account that established funds for land acquisition at the Port.
32 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause,,ph a ,msi.,2,,,�
`mow �+ 'i
33 word of this resolution is declared or adjudged to be invalid or unconstitutional, such de�ir ao i of. £®�
, ®
34 adjudication shall not affect the remaining portions of the resolution which shall remain in full . T3:67.45."
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1 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
2 resolution.
3 Section 5. Repealer.All laws ordinances resolutions or parts of the same that are inconsistent with the
4 provisions of this resolution are hereby repealed to the extent of such inconsistency.
5 ADOPTED: January 22,2019
6 if.t 2.,,_• APPROVED:
0
7 ` ,ate
8 ..'r L\ AC'e I_�.
9 usan L:n_ ity Clerk Fran!Sc' r.,r a� 1I
10
APPR Z4.
401
. TO LEGAL FORM:
11
12 •
13 Thomas M. Carpenter, ity Atto tey
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Exhibit A
QUAPAW TRIBE OF INDIANS, OKLAHOMA
THIBAULT RD
LITTLE ROCK, AR 722060000
Basic Information
Parcel Number: 24R0220000300
County Name: Pulaski County
Mailing Address: QUAPAW TRIBE OF INDIANS,OKLAHOMA
THIBAULT RD
LITTLE ROCK,AR
Billing Address QUAPAW TRIBE OF INDIANS,OKLAHOMA
PO BOX 765
QUAPAW OK 74363
Total Acres: 80.00
Timber Acres: 22.68
Sec-Twp-Rng: 22-1N-11W
Lot/Block:
Subdivision: 1N-11-22
Legal Description: W1/2 SW 22 1N 11
School District: 011 PCSSD SOUTH OF RIVER
improvement Districts: FOURCHE ISLAND DRAINAGE.SWEET HOME RURAL FIRE
Homestead Parcel?: No
Tax Status: Taxable
Over 65?: No
Map View
Land Information
Land Type Quantity Front Width Rear Width Depth 1 Depth 2 Quarter
CROP 57.31 acres
[2,496,423 sgft]
TIMBER 22.68acres
[987,941 sgft)
WATER 0,01 acres
[435sgft)
Valuation Information view prior year Information
Entry Appraised Assessed
Land: 64,350 12,870
Improvements: 0 0
Total Value: 64,350 12,870
Taxable Value: 10,110
Millage: 0.0508
Timber: 4.54
Estimated Taxes 0: $518.13
Assessment Year. 2018
Sales History0
Date Price Grantor Grantee Book Page Deed Type
10/17/2012 775,000 MCRAE MORTGAGE&INVESTMENT LLC QUAPAW TRIBE OF INDIANS,OKLAHOMA 2012 074584 WD(Warranty Deed)
10/1/1995 72,000 95 58954 DEED(Deed)
4/1/1991 5 91 21765 DEED(Deed)
10/1/1987 87 67993 DEED(Deed)
4/17/1980 1,100,000 COMM IN CHANCERY SELZ FRED,TRUSTEE 80 17029 COD(COMMISSIONERS DEED)
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