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14693 1 RESOLUTION NO. 14,693 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER AND CITY 4 OFFICIALS TO EXECUTE ANY NECESSARY DOCUMENTS TO ENTER 5 INTO A REAL ESTATE PURCHASE CONTRACT WITH ROLF 6 HARTSELL,MELINDA PARDAXAY, DAISY HARTSELL AND CARTER 7 HARTSELL,TO ACQUIRE APPROXIMATELY FIFTEEN(15)ACRES OF 8 LAND FOR THE PURCHASE PRICE OF TWO HUNDRED SEVENTY- 9 FIVE THOUSAND, EIGHT HUNDRED THIRTY-THREE DOLLARS 10 ($275,833.000), CASH OR CASH EQULIVENT, FOR THE USE AND 11 BENEFIT OF THE LITTLE ROCK PORT AUTHORITY; AND FOR 12 OTHER PURPOSES. 13 14 WHEREAS,pursuant to Ark. Code Ann. § 14-54-302 (West Supp. 2016), as to be amended by 1977 15 Ark. Act 470, permits a municipality to enter into contracts to purchase, or to purchase,real property to be 16 used for a governmental purpose; and, 17 WHEREAS, the use of property in the name of the City of Little Rock, Arkansas, for the use and 18 benefit of the Little Rock Port Authority fulfills such a governmental purpose; and, 19 WHEREAS,the City of Little Rock,through its 2011 Capital Sales Tax Initiative,set aside money for 20 the specific purpose of expanding the real estate holdings of the Little Rock Port Authority; and, 21 WHEREAS,the Little Rock Port Authority has been actively exploring opportunities for expansion, 22 including the development of a 2008 Master Real Estate Acquisition Plan; and, 23 WHEREAS,the Little Rock Port Authority staff has worked with the Greater Little Rock Chamber of 24 Commerce, and other interested parties,to explore viable options for real estate expansion and determined 25 that this particular parcel will meet the future needs of the Little Rock Port Authority for economic prospect 26 recruitment purposes, and. 27 WHEREAS, the Little Rock Port Authority staff has extended a tentative offer of Two Hundred 28 Seventy-Five Thousand, Eight Hundred Thirty-Three Dollars ($275,833.00), based upon a third party 29 appraisal, for the property located at 6200 Thibault Road, Little Rock, Pulaski County, Arkansas, Parcel 30 No. 248021000080, and the offer has been accepted by the owner; and, 31 NOW, THEREFORE, BE IT RESOLVED BY THE LITTLE ROCK CITY BOARD OF 32 DIRECTORS: 33 Section 1. The City of Little Rock Board of Directors authorizes the City Manager and any other 34 necessary City Officials to execute a contract to purchase approximately fifteen (15) acres of land located [Page 1 of 2] 1 at 6200 Thibault Road, Little Rock, Pulaski County, Arkansas, Parcel No. 24R021000080, and more 2 particularly as 21-1N-11W;PT S1/2 SE SE BG SW CRN660' E1320' S330' W660' S330' W660'to POB 3 C/O 32185 21 1N 11, for use by the Little Rock Port Authority for the purchase price of Two Hundred 4 Seventy-Five Thousand, Eight Hundred Thirty-Three Dollars ($275,833.00), contingent upon positive 5 findings of the Phase One Environmental Study, Phase One Archeological Study, determination of clear 6 title,and the confirmation of utility access to the site. 7 Section 2. Funding for this acquisition will come from the 2011 Sales Tax Issue that established funds 8 for land acquisition at the Port and allocated in the Little Rock Port Authority Funds. 9 Section 3. 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 as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 13 resolution. 14 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are 15 hereby repealed to the extent of such inconsistency. 16 ADOPTED: 1 ecember 19,2017 ; 17 A .4 APPROVED: 18 t -7if / ad A��'�[� �ir+°ov • 20 usa� %ity Clerk Mark todola,Mayor 21 APP' _,'1 • 0 LEGAL FORM: 22 23 air- h#1,1----7—, c 24 Thomas M. Carpenter,Ci Attorn 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // 36 // [Page 2 of 2]