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14556 1 RESOLUTION NO. 14,556 2 3 A RESOLUTION TO ACCEPT TITLE TO PROPERTY DONATED TO 4 THE CITY OF LITTLE ROCK, ARKANSAS, BY QUITCLAIM DEED, TO 5 BE USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS; 6 AND FOR OTHER PURPOSES. 7 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 is it required that properties be obtained by the City in 13 areas that are appropriate for revitalization; and, 14 WHEREAS, Johnny Hibbs, General Partner of Hibbs Partnership has indicated his desire to donate 15 to the City of Little Rock the property Ylocated at 7319 Twin Oaks Road; and, 16 WHEREAS, the City wishes to accept the property for use in its neighborhood revitalization efforts; 17 and, 18 WHEREAS, City Staff has conducted a title search of the property which revealed valid title to the 19 property and staff will request the release of a City Lien in the amount of Two Hundred Eighty-One and 20 36/100 Dollars($281.36); and, 21 WHEREAS, the City has performed an environmental assessment of the property pursuant to 24 22 C.F.R. § 58, et seq. (2003),which revealed no environmental problems; and, 23 WHEREAS, in consideration for the donation of the property for the public purpose of neighborhood 24 revitalization,the City has not agreed to pay property taxes; and, 25 WHEREAS,Mr. Johnny Hibbs has provided the City with a Quitclaim Deed to the property, a copy 26 of which is attached as Exhibit A; and, 27 WHEREAS, State Law requires that the City accept the property by resolution adopted by the Board 28 of Directors; 29 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 30 OF LITTLE ROCK,ARKANSAS: 31 Section 1. The Board of Directors hereby accepts the quitclaim deed to the property described in 32 Exhibit A, in favor of the City of Little Rock. [Page 1 of 4] 1 Section 2. The property shall be used for a public purpose, specifically for City revitalization 2 programs. 3 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 4 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 5 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 6 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 7 ordinance. 8 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with 9 the provisions of this resolution are hereby repealed to the extent of such inconsistency. 10 ADOPTED: May 2,2017 11 ATTE : APPROV D: 12 it. / 13 14 Sus Iley,City Clerk Mark Stodola,Mayor 15 AP ' S ►, AS TO LEGAL FORM: 16 / 18 Thomas M. Carpenter,City City At 1rney 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 Page 2 of 4] 1 EXHIBIT A 2 3 4 Prepared By: 5 City of Little Rock 6 500 West Markham Street 7 Little Rock,AR 72201 8 Representative: 9 Doug Tapp,Redevelopment Administrator 10 11 12 WARRANTY DEED 13 (Donation by Corporation) 14 15 KNOW ALL MEN BY THESE PRESENTS THAT: 16 Hibbs Partnership, by and through its General Partner, Johnny Hibbs, GRANTOR, for and in 17 consideration of the sum of Ten Dollars ($10.00) and other good valuable consideration paid by the City 18 of Little Rock, Arkansas, a municipal corporation, GRANTEE, the receipt of which is hereby 19 acknowledged, does hereby grant, convey and warranty unto the Grantee, and unto its heirs and assigns 20 forever,the following described lands in the County of Pulaski, State of Arkansas: • 21 Lot 13,Block 5,FAIRFIELD Subdivision to the City of Little Rock,Pulaski County, 22 Arkansas,more commonly known as 7319 Twin Oaks Road,Little Rock,Arkansas 23 72209 (Parcel No. 45L0120015800) 24 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever,with all 25 tenements,appurtenances,and hereditaments thereunto belonging. 26 Hibbs Partnership,hereby releases and relinquishes unto the Grantee,and unto its heirs and assigns 27 forever, all rights and possibility of curtsey, dower, and homestead in and to such lands. 28 WITNESS,my hand and seal the day of 2017. 29 30 Hibbs Partnership,GRANTOR 31 32 33 By: Johnny Hibbs 34 General Partner of Hibbs Partnership 35 PO Box 414 36 Mabelvale,Arkansas 72103 37 38 Page 3 of 4] 1 City of Little Rock, GRANTEE 2 500 West Markham Street,Suite 120W 3 Little Rock,Arkansas 72201 4 5 6 7 By: Mayor Mark Stodola 8 City of Little Rock 9 10 DOCUMENTARY TAX STATEMENT 11 I certify under penalty of false swearing that the legally correct amount of documentary stamps have 12 been placed on this instrument. (If none shown, exempt or no consideration paid.) 13 14 City of Little Rock 15 500 West Markham Street, Suite 120W 16 Little Rock,Arkansas 72201 17 18 19 20 By: Doug Tapp 21 Redevelopment Administrator 22 23 ACKNOWLEDGEMENT 24 STATE OF ARKANSAS) 25 )SS 26 COUNTY OF PULASKI) 27 28 On this day came before me, the undersigned, a notary public within and for the county and state 29 aforesaid, duly commissioned and acting personally appeared, Mike Ashcraft, Jr., Managing Member of 30 Equity Properties, LLC, duly authorized to act on behalf of Equity Properties, LLC, known to me as the 31 Grantor in the foregoing Deed, and acknowledged that he has executed the same for the consideration and 32 purposes therein mentioned and set forth. 33 WITNESS my hand and seal as such notary public this day of ,2017 34 35 36 Notary Public • 37 38 My Commission expires: 39 [Page 4 of 4]