13925 2014041410 Received: 7/18/2014 3:16:27 PM
Recorded: 07/18/2014 03:22:54 PM Filed&
Recorded in Official Records of Larry Crane,
PULASKI COUNTY CIRCUIT/COUNTY CLERK
1 RESOLUTION NO. 13,925 Fees$20.00
2
3 A RESOLUTION TO ACCEPT TITLE TO PROPERTY DONATED TO•,..5:\
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4 THE CITY OF LITTLE ROCK, ARKANSAS, BY SPECIAL WARRANT, •
5 DEED, TO BE USED FOR NEIGHBORHOOD REVITALIZATIK
6 PROGRAMS; AND FOR OTHER PURPOSES.
e
8 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for
9 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use of
10 various City and Federal Funds, and in affirmative actions such as the creation of a Land Bank
11 Commission; and,
12 WHEREAS, in order to accomplish this goal it is required that properties be obtained by the City in
13 areas that are appropriate for revitalization; and,
14 WHEREAS, Wells Fargo Bank,N.A., has indicated its desire to donate to the City of Little Rock the
15 property located at 1415 Valmar Street, Little Rock, Arkansas, 72204; and,
16 WHEREAS, the City wishes to accept the property for use in its neighborhood revitalization efforts;
17 and,
18 WHEREAS, the City has obtained a full title search which revealed valid title to the property and no
19 significant title issues; and,
20 WHEREAS,the parcel is a 7,000 square-foot vacant lot located within the Land Bank's Focus Area;
21 and,
22 WHEREAS, the property is in close proximity to a Neighborhood Stabilization Program 2 (NSP2)
23 new home construction; and,
24 WHEREAS,the 2013 Real Estate Taxes have been paid in full; and,
25 WHEREAS,there are no outstanding City liens filed against the property; and,
26 WHEREAS, state law requires that the City accept property by resolution adopted by the Board of
27 Directors;
28 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
29 OF LITTLE ROCK,ARKANSAS:
30 Section 1. The Board of Directors hereby adopts this resolution to accept title to the property located
31 at 1415 Valmar Street which has been offered as a donation to the City of Little Rock.
32 Section 2. The property shall be used for a public purpose, specifically for City revitalization
33 programs.
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1 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
2 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
3 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
4 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
5 ordinance.
6 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
7 the provisions of this resolution are hereby repealed to the extent of such inconsistency.
8 ADOPTED: July 15,2014
9 ATTE : APPROVED.
10
11 ivy � ►�.,. / I
12 Susa La' ,City Clerk Mark Stodola, Wiyor
13 APP' ' IM-IS TO LEGAL FORM:
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15 t4 ` 4''"?
16 Thomas M. Carpenter, City Attirney
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