14202 °,,'9T III 1111111111111111111111111111 E 2015062999
,,,,�,,��, ,,,,,,,,,,,I
0 ika,Ain •••�6 i PRESENTED:10-08-2015 08:25:44 AM RECORDED:10-08-2015 08:48:55 AM
�; •'1c�?d: ��'.�• Z In Official Records of Larry Crane Circuit/County Clerk
F.0•+ A SKI CO,AR FEE$20.00..
4t RESOLUTION NO. 14,ziY
�,,,, p,11ASK1•� �,
4 '►lrn,,,++"A RESOLUTION TO AUTHORIZE THE PURCHASE OF A PROPERTY
5 OFFERED FOR SALE TO THE CITY OF LITTLE ROCK, ARKANSAS,
6 TO BE USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS;
7 AND FOR OTHER PURPOSES.
8
9 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for
10 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use of
11 various City and Federal Funds, and in affirmative actions such as the creation of a Land Bank
12 Commission; and,
13 WHEREAS, in order to accomplish this goal it is required that properties be obtained by the City in
14 areas that are appropriate for revitalization; and,
15 WHEREAS, Michael and Wendy Alamia, residents of Montana, have indicated their desire to sell to
16 the City of Little Rock,the property located at West 16th Street,Little Rock,Arkansas, which can be used
17 to fulfill the City's stated goals; and,
18 WHEREAS, the parcel is a 5,250 square-foot vacant lot with no structure located within the Land
19 Bank Focus Area; and
20 WHEREAS,the parcel is contiguous to two(2)Land Bank-owned properties; and,
21 WHEREAS, City Staff has obtained a full title search on the property which revealed valid title and
22 no significant title issues; and,
23 WHEREAS, an appraisal was obtained from Lasley Appraisal and Valuation which valued the
24 property at Three Thousand,Four Hundred Dollars($3,400.00); and,
25 WHEREAS, the owners of the property have agreed to sell the property for the purchase price of
26 $395.44; and,
27 WHEREAS,the owner will pay all real estate taxes due through the date of closing; and,
28 WHEREAS,there are no outstanding City liens against the property; and,
29 WHEREAS, funds to pay the purchase price are available in the Land Bank's General Fund Account
30 No. S35A437;and,
31 WHEREAS, pursuant to State Law, the City must obtain authority to purchase property by a
32 resolution adopted by the Board of Directors;
•
33 NOW,THEREFORE,BE IT RESOLVED O ED BY THE BOARD OF DIRECTORS OF THE CITY
34 OF LITTLE ROCK,ARKANSAS:
[Page 1 of 2]
1 Section 1. Pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010), the Board of Directors
2 hereby adopts this Resolution to authorize the purchase of the property located at West 16th Street, Little
3 Rock,Arkansas.
4 Section 2. The Board of Directors, pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010),
5 hereby authorizes the Mayor and City Clerk to execute any documents necessary to complete the
6 purchase of the property.
7 Section 3. Once acquired, this property shall be used for a public purpose, specifically for City
8 neighborhood revitalization programs.
9 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
10 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
11 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
12 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
13 ordinance.
14 Section 5. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
15 the provisions of this resolution are hereby repealed to the extent of such inconsistency.
16 ADOPTED: October 5,2015
17 AT ES . APPROVED:
18 .
4,/,‘ 4, /
20 Sus.n LII ey,City Clerk Mark Stodola,Mayor
21 AP'ROV�'i;,S TO LEGAL FORM:
22 I
23 - kg'11-1,#,-,Z Ih
24 Thomas M. Carpenter, 'ty Attor I •;
25 //
26 //
27 //
28 //
29 //
30 //
31 //
32 //
33 //
34 //
35 //
[Page 2 of 2]