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5468 RESOLUTION NO. 5,468 A RESOLUTION AUTHORIZING THE CONVEYANCE BY THE CITY OF LITTLE ROCK, ARKANSAS OF CERTAIN REAL PROPERTY SITUATED IN PULASKI COUNTY, ARKANSAS TO THE ARKANSAS HIGHWAY DEPARTMENT. WHEREAS, the Board of Commissioners of the Little Rock Municipal Water Works, by resolution duly enacted on the 4th day of December, 1975, requested the Board of Di- rectors of the City of Little Rock, Arkansas, to approve the sale of the hereinafter described real property held in the name of the City of Little Rock, Arkansas , for the use and benefit of the Little Rock Municipal Water Works; and WHEREAS , said Board of Commissioners has determined that said sale, upon the terms and conditions set forth hereinafter, will be to the best interest of the City of Little Rock; Now, Therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. The Mayor and City Clerk of Little Rock, Arkansas, be, and they are hereby, authorized and di- rected to execute a quitclaim deed on behalf of the City of Little Rock, Arkansas, conveying to the Arkansas State High- way Commission the following described real property situated in Pulaski County, Arkansas, to-wit: A part of the NW Section 27, Township 2 North, Range 13 West. From the NW Corner, NWNW Section 27, Township 2 North, Range 13 West, run S 88°38 ' 47" E for 265. 7 feet; thence, S 02°08 '13" E for 692 . 1 feet to the point of beginning; thence, along a curve with a radius of 954 . 93 feet for 45. 7 feet; thence, S 69°04 ' 55" E for 301. 2 feet; thence, S 10° 52 ' 05" E for 571. 8 feet; thence, S 23°24 ' 05" W for 40. 0 feet; thence, S 25°13 ' 05" W for 100. 0 feet; thence, S 27° 02 ' 05" W for 100. 0 feet; thence, S 28°51 ' 05" W for 100 . 0 feet; thence, S 30°40 ' 05" W for 100. 0 feet; thence, S 10°52 ' 05" E for 209. 2 feet; thence, along a curve with a radius of 2939 . 79 feet for 53. 4 feet; thence, N 10°53 ' 30" W for 56. 4 feet; thence, N 05°10 ' 52" W for 201. 0 feet; thence, N 10° 53 ' 30" W for 400 . 0 feet; thence, N 19°35 ' 24" W for 319. 4 feet; thence, N 02°08 ' 13" W for 368. 5 feet to the point of beginning containing 6. 62 acres, more or less, said conveyance shall (1) be for a cash consideration of $46, 500. 00 payable to the Board of Commissioners of the Little Rock Municipal Water Works; (2) contain a covenant that the property will be maintained by the grantee and that no structure other than highway facilities will be constructed on the lands; and (3) reserve an easement in grantor which is more fully described in the aforesaid resolution of the Board of Commissioners of the Little Rock Municipal Water Works dated December 4 , 1975. Section 2 . This resolution shall take effect and be in force from and after its passage. PASSED: January 6 , 1976. AP�ROVED: / ATTEST: Of Mayor City C erk -2-