14655 1 RESOLUTION NO. 14,655
2
3 A RESOLUTION TO TRANSFER TITLE TO IN-AFFORDABLE
4 HOUSING, INC., VIA SPECIAL WARRANTY DEED FOR PROPERTY
5 SOLD BY THE CITY OF LITTLE ROCK, ARKANSAS, TO BE USED
6 FOR NEIGHBORHOOD REVITALIZATION PROGRAMS; AND FOR
7 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 is it required that properties be obtained and sold by the
14 City in areas that are appropriate for revitalization; and,
15 WHEREAS, IN-Affordable Housing, Inc., has indicated a desire to purchase the property located at
16 2908 South Main Street and 3020 South Main Street from the City of Little Rock,Arkansas,and,
17 WHEREAS, the City wishes to sell the property for use in its neighborhood revitalization efforts;
18 and,
19 WHEREAS, City Staff has conducted a title search of the property which revealed valid title to the
20 property and no significant title issues; 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 Three Thousand, Three Hundred-Eighty-One and 60/100 Dollars
24 ($3,381.60),the City will sell the properties for the public purpose of neighborhood revitalization, and,
25 WHEREAS, The City of Little Rock will provide IN-Affordable Housing, Inc., with a Special •
26 Warranty Deed to the property,and,
27 WHEREAS, State Law requires that the City accept the property sale 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 provides a special warranty deed to the property described
32 as 2908 South Main Street and 3020 South Main Street in favor of IN-Affordable Housing,Inc.
33 Section 2.The property will be used for a private purpose to serve the public, specifically to improve
34 City Revitalization 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 a 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: October 17,2017
9 5.2 APPROVED.
10 Ni,
11 _•; / / /1-4,---- .
12 usan ;Vey,City Clerk Mark Stodola, yor
13 • ' ' a D AS TO LEGAL FORM:
14
15 .: 4114/1/1-01-9 , 1./te i ; l
16 Thomas M. Carpenterr, ity Atte ney
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•
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 SPECIAL WARRANTY DEED
13 (Sale)
14
15 KNOW ALL MEN BY THESE PRESENTS THAT:
16 The City of Little Rock, GRANTOR, for and in consideration of the sum of Three Thousand, Three
17 Hundred Eighty-One and 60/100 Dollars ($3,381.60) and other good valuable consideration paid by IN-
18 Affordable Housing, Inc., a non-profit entity, GRANTEE, the receipt of which is hereby acknowledged,
19 does hereby grant, convey and warranty unto the Grantee, and unto its heirs and assigns forever, the
20 following described lands in the County of Pulaski, State of Arkansas:
21 SOUTH MAIN STREET Subdivision, Lot 5 Block 2 to the City of Little Rock,
22 PulaskiCounty, Arkansas, more commonly known as 2908 South Main Street, Little
23 Rock,Arkansas 72201 (Parcel No. 34L2680002100)
24 And
25 SOUTH MAIN STREET Subdivision, Lot 13 Block 2 to the City of Little Rock, Pulaski
26 County,Arkansas, more commonly known as 3020 South Main Street, Little Rock,
27 Arkansas 72201 (Parcel No. 34L2680002900)
28
29 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all
30 tenements,appurtenances,and hereditaments thereunto belonging.
31 The City of Little Rock, hereby releases and relinquishes unto the Grantee, and unto its heirs and
32 assigns forever, all rights and possibility of curtsey, dower, and homestead in and to such lands.
33
34 City of Little Rock,GRANTOR
35 500 West Markham Street,Suite 120W
36 Little Rock,Arkansas 72201
37
38
39
40 By: Mayor Mark Stodola
41 City of Little Rock
42
43
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1 STATE OF ARKANSAS)
2 )SS
3 COUNTY OF PULASKI)
4 On this day came before me, the undersigned, a notary public within and for the County and State
5 aforesaid, duly commissioned and acting personally appeared, Mayor Mark Stodola, duly authorized to
6 act on behalf of THE CITY OF LITTLE ROCK, known to me as the Grantor in the foregoing Deed, and
7 acknowledged that he has executed the same for the consideration and purposes therein mentioned and set
8 forth.
9 WITNESS,my hand and seal the day of 2017.
10
11
12 Notary Public
13
14 My Commission expires:
15
16 Roma Isom,IN-Affordable Housing,Inc.
17 108 South Rodney Parham Road
18 Little Rock,Arkansas 72205
19
20
21
22 By: Roma Isom
23
24 ACKNOWLEDGEMENT
25
26 STATE OF ARKANSAS)
27 )SS
28 COUNTY OF PULASKI)
29 On this day came before me, the undersigned, a notary public within and for the County and State
30 aforesaid, duly commissioned and acting personally appeared, Roma Isom, duly authorized to act on
31 behalf of IN-Affordable Housing, Inc., known to me as the Grantee in the foregoing Deed, and
32 acknowledged that he has executed the same for the consideration and purposes therein mentioned and set
33 forth.
34 WITNESS my hand and seal as such notary public this day of ,2017
35
36 Notary Public
37
38 My Commission expires:
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1 DOCUMENTARY TAX STATEMENT
2
3 I certify under penalty of false swearing that the legally correct amount of documentary stamps have
4 been placed on this instrument. (If none shown, exempt or no consideration paid.)
5
6 City of Little Rock
7 500 West Markham Street
8 Little Rock,Arkansas 72201
9
10
11
12 By: Doug Tapp
13 Redevelopment Administrator
14
15
16 ACKNOWLEDGEMENT
17
18 STATE OF ARKANSAS)
19 )SS
20 COUNTY OF PULASKI)
21 On this day came before me, the undersigned, a notary public within and for the County and State
22 aforesaid, duly commissioned and acting personally appeared,Doug Tapp,Redevelopment Administrator,
23 City of Little Rock.
24 WITNESS my hand and seal as such notary public this day of ,2017
25 •
26
27 Notary Public
28
29 My Commission expires:
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