14557 1 RESOLUTION NO. 14,557
2
3 A RESOLUTION TO ACCEPT TITLE TO PROPERTIES 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, Mike Ashcraft,Jr., managing member of Equity Properties, LLC ,&and Mike Ashcraft,
15 managing member of Star Properties,LLC, have indicated their desire to donate to the City of Little Rock
16 the properties located at 2908 South Main Street and 4301 West 25th Street and,
17 WHEREAS, the City wishes to accept the properties for use in its neighborhood revitalization
18 efforts; and,
19 WHEREAS, City Staff has conducted a title search of the properties which revealed valid title to the
20 properties and no outstanding liens; and,
21 WHEREAS, the City has performed an environmental assessment of the properties 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 properties for the public purpose of
24 neighborhood revitalization,the City has not agreed to pay property taxes; and,
25 WHEREAS, Mr. Mike Ashcraft and Mike Ashcraft, Jr., have provided the City with a Quitclaim
26 Deed to the properties, a copy of which is attached as Exhibit A and Exhibit B; and,
27 WHEREAS, State Law requires that the City accept the properties by resolution adopted by the
28 Board 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 properties described in
32 Exhibit A and Exhibit B, in favor of the City of Little Rock.
[Page 1 of 6]
1 Section 2. The properties 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 AT ► APPROVED:
12 1
Akvr &70
13 FIs` . lw
14 �'.n 1 ley,City Clerk Mark Stodola,Mayor
15 A''' ' I 1 D AS TO LEGAL FORM:
16
17 d
18 Thomas M. Carpenter, i Attorn•,
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[Page 2 of 6]
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 Equity Properties, LLC, by and through its Managing Member, Mike Ashcraft Jr., GRANTOR, for
17 and in consideration of the sum of Ten Dollars($10.00)and other good valuable consideration paid by the
18 City 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 1,Block 4,WEST MILL Subdivision to the City of Little Rock,Pulaski County,
22 Arkansas, more commonly known as 4301 West 25th Street, Little Rock, Arkansas
23 72205 (Parcel No.34L1690003600)
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 Equity Properties, LLC, hereby releases and relinquishes unto the Grantee, and unto its heirs and
27 assigns 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 Equity Properties,LLC,GRANTOR
31
32
33 By: Mike Ashcraft,Jr.
34 Managing Member of Equity Properties,LLC
35 12 Chad Court
36 North Little Rock,Arkansas 72118
37
38
[Page 3 of 6]
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 6]
1 EXHIBIT B
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 Star Properties, LLC, by and through its Managing Member, Mike Ashcraft, 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 5, Block 2, SOUTH MAIN STREET Subdivision to the City of Little Rock,
22 Pulaski County,Arkansas, more commonly known as 2908 South Main Street,Little
23 Rock, Arkansas 72206(Parcel No.34L2680002100)
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 Equity Properties, LLC, hereby releases and relinquishes unto the Grantee, and unto its heirs and
27 assigns 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 Equity Properties,LLC,GRANTOR
31
32
33 By: Mike Ashcraft,Jr.
34 Managing Member of Equity Properties,LLC
35 12 Chad Court
36 North Little Rock,Arkansas 72118
37
38
[Page 5 of 6]
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 6 of 6]