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7088=­M = M M RESOLUTION NO. 7,088 � M M M A RESOLUTION AUTHORIZING AND DIRECTING THE LITTLE ROCK PORT AUTHORITY AND THE CITY OF LITTLE ROCK, ARKANSAS, TO EXECUTE AND DELIVER TO MISSOURI PACIFIC RAILROAD CO. AN EASEMENT FOR RAILROAD PURPOSES. WHEREAS, the City of Little Rock, Arkansas has previously permitted the Little Rock Port Authority to use certain lands owned by the City of Little Rock, Arkansas in fee and also by easement for railroad purposes and operation of a railroad track; and WHEREAS, the Little Rock Port Authority has entered into an agreement with Missouri Pacific Railroad Co. for the transfer of this railroad right -of -way to Missouri Pacific Railroad Co., and the Little Rock Port Authority has requested the City of Little Rock, Arkansas to authorize this transfer by the execu- tion and delivery of an easement to Missouri Pacific Railroad Co. in which the City of Little Rock, Arkansas would join as the owner of the lands in fee and also by easement for railroad purposes; and WHEREAS, the City of Little Rock, Arkansas has determined that it is in the best interest of the City of Little Rock, Arkansas for the Little Rock Port Authority to transfer this railroad right -of -way easement to Missouri Pacific Railroad Co. and for the City of Little Rock, Arkansas to join the Little Rock Port Authority as a grantor of the easement; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The Little Rock Port Authority be and is 149 hereby authorized and directed to execute and deliver an instru- ment entitled "Easement" to Missouri Pacific Railroad Co. in substantially the form of the instrument attached hereto, marked Exhibit "A ", and made a part hereof. SECTION 2: That -the Mayor and City Clerk be and are hereby authorized and directed to execute and deliver the Easement referred to in SECTION 1 hereof for and on behalf of the City of Little Rock, Arkansas, concurrently with the execution and delivery by the Chairman and Executive Secretary of the Little Rock Port Authority. SECTION 3. This Resolution shall be in full force and effect from and after its passage. PASSED: November 15 ATTEST: Jan Czech, Clerk 1983 APPROVED: 2. 150 EASEMENT KNOW ALL MEN BY THESE PRESENTS: That Little Rock Port Authority, an instrumentality of the City of Little Rock, Arkansas, and the City of Little Rock, Arkansas, for and in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable considerations, in hand paid by Missouri Pacific Railraod Co., the receipt of which is hereby acknowledged, do hereby grant unto Missouri Pacific Railroad Co. and unto its successors and assigns forever, an exclusive and perpetual right -of -way and easement 151 for railroad purposes, including the right to install, construct, maintain, repair, operate, use, reconstruct, and renew a rail- road track or tracks and related appurtances thereto on, over, and across the following described lands situated in the County of Pulaski, State of Arkansas, to wit: A parcel of land situated in the Northeast of Section 13, Township 1 North, Range 12 West of the Fifth Principal Meridian; City of Little Rock, Pulaski County, Arkansas, being more particularly described as follows: Commencing at the Northwest Corner of the Northeast ; of Section 13, Township 1 North, Range 12 West of the Fifth Principal Meridian; thence along the North line of said Section 13, East 1468.05 feet to a point on the West right -of -way line of the Missouri Pacific Railroad; thence along said West right -of -way line, S 29° 26' 20" E, 1532.06 feet; thence N 570 16' 28" W, 90.00 feet to a point on the South property line of the City of Little Rock, said point also being the Point of Beginning; thence along said South property line S 89° 57' 40" W, 251.41 feet; thence along a curve to the left an arc distance of 38.59 feet, said curve having a radius of 905.366 feet and a chord bearing and distance of N 740 56' 52" W, 38.59 feet; thence along a spiral, said spiral having a deflection of 09° 00' 00 ", and having a chord bearing and bearing and distance of N 82° 12' 37" W, 291.83 feet; thence N 040 49' 51" E, 10.00 feet; thence N 85° 10' 09" W, 645.25 feet; thence N 450 41' 00" E, 105.76 feet; thence S 850 10' 09" E, 576.07 feet; thence N 04° 49' 51" E, 10.00 feet; thence along a spiral having a deflection of 09° 00' 00" and having a chord bearing and distance of S 820 07' 53" E, 307.51 feet; thence along a curve to the right an arc distance of 286.53 feet, said curve having a radius of 1005.366 feet, and a chord bearing and distance of S 680 00' 16" E 285.56 feet to the Point of Beginning, and containing 2.2 acres, more or less. 152 To have and to hold unto Missouri Pacific Railroad Co., its successors and assigns, so long as the lands are used for railroad purposes. It is understood that the above- described lands are owned by the City of Little Rock, Arkansas, which has permitted the Little Rock Port Authority to use same for railroad purposes for right -of -way for the construction and operation of a railroad track and that the above - described lands are currently in use as right -of -way for a railroad track, constructed, owned and operated by the Little Rock Port Authority. The purpose of this instrument is to transfer this railroad right -of -way easement to Missouri Pacific Railroad Co. The City of Little Rock, Arkansas also holds an easement for railroad purposes upon lands adjoining and comprising an extension to the West of the easement above - described by virtue of Easement dated May 5, 1971 from Chicago, Rock Island and Pacific Railroad Company to City of Little Rock of record in Pulaski County, Arkansas deed record book 1151 at page 149, which easement the City of Little Rock, Arkansas, has permitted the Little Rock Port Authority to use for railroad purposes for right -of -way for the railroad track constructed, owned and operated by the Little Rock Port Authority. The Little Rock Port Authority and the City of Little Rock, Arkansas, for said considerations hereby transfer to Missouri Pacific Railroad Co., its successors and assigns, all of their right, title and interest existing by virtue of the Easement dated May 5, 1971 of record in Pulaski County, Arkansas deed record book 1151 at page 149, in and to the lands described therein, which Easement dated May 5, 1971 is made a part hereof and incorporated herein by reference. 2. 153 This instrument is executed and delivered pursuant to 7,088 Resolution No. � adopted by the Board of Directors of the City of Little Rock, Arkansas on the 15th day of November , 1983 and pursuant to Resolution No. _ adopted by the Board of Directors of the Little Rock Port Authority on the day of , 1983. IN WITNESS WHEREOF, the Little Rock Port Authority and also the City of Little Rock, Arkansas have caused this instrument to be executed by their respective duly authorized officers as of this nth day of November , 1983. ATTEST: Robert G. Brave, Executive Director ATTE Jan Cz L Clerk LITTLE. ROCK PORT AUT11ORITY rBe Brown, Jr., Chairman, Board of Directors CITY OF LITTLE ROCK, ARKANSAS B1': _- Benafield, Mayor 3. This instrument prepared by FRIDA' DREDGE & CLARK The Fist H,bonal Suddl. °.e, T•+ent, ^_th Flxa Little Roc K, ArKansas 72201 ■� r� r r r ■r r r �■■ r r r r r r■ ACKNOWLEDGMENT STATE OF ARKANSAS) ) SS. COUNTY OF PULASKI) On this day of _�rt04�_, 1983, before me, a Notary Public-,—dully cormn:issloned, qualified and acting within and for the State and County aforesaid, appeared in person the within named Fred I. Brown, Chairman, Board of Directors of Little Rock Port Authority, <uil Rob,�rt G. Prive, Executive Director of Little Rock Port Authority, to me personally known, who stated that they were duly authorized in their respective capacities to execute the foregoing instrument and further stated and acknowledged that they had executed the foregoing instrument for the consideration, uses and purposes therein mentioned and set forth. IN TESTIMONY WIIEigOF, I have hereunto set my hand and official seal this, day of OejnI EYZ 1983- —�,ry Public -- My commission expires: ,2- /-84 (SEAL) ACKNOWLEDGMENT STATE OF ARKANSAS) SS. COUNTY OF PULASKI) 154 On this day of �� �� , 1983, before me, a Notary Public-,--July commissioned, qualified and acting within and for the State and County aforesaid, appeared in person the within named J. W. Benafield and Jane Czech, Mayor and City Clerk, respectively, of the City of Little Rock, Arkansas, to me personally known, who stated that they wore duly authorizer] in their respective capacities to execute the foregoing instrument and further stated and acknowledged that they had signed, executed and delivered the foregoing instru- ment for the consideration, uses and purposes therein mentioned and set forth. IN TESTIMONY WIIEREOF, I have hereunto set my hand and official seal this //ate, day of 1983. My commission expires: Al 3 -9a (SEAL) W�-A 70- 4 • sm-1-14 / a.