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14778 1 RESOLUTION NO. 14,778 2 3 A RESOLUTION TO AUTHORIZE THE PURCHASE OF TWO (2) 4 PROPERTIES OFFERED FOR SALE TO THE CITY OF LITTLE ROCK, 5 ARKANSAS, TO BE USED FOR NEIGHBORHOOD REVITALIZATION 6 PROGRAMS; 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 and sold by the 13 City in areas that are appropriate for revitalization; and, 14 WHEREAS, Delores Coleman, 2318 South Martin Street, Little Rock, Arkansas, has indicated a 15 desire to sell the properties located at 2301 South Martin Street&2308 South Martin Street to the City of 16 Little Rock,Arkansas; and, 17 WHEREAS, the City wishes to purchase the properties for use in its neighborhood revitalization 18 efforts;and, 19 WHEREAS, City Staff has conducted a title search of the property which revealed valid title to the 20 properties 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 Twenty-Three Thousand Dollars ($23,000.00), the City will 24 purchase the properties for the public purpose of neighborhood revitalization, and, 25 WHEREAS, funds to pay the purchase price for the two (2) parcels are available in the Love 26 Neighborhood Pilot Program Account No. 108129/S 10A595 ($3,000.00) and the Community 27 Development Block Grant(CDBG)Account No.230009/G62412 ($20,000.00); and, 28 WHEREAS, Delores Coleman has provided the City with a Real Estate Contract for the two (2) 29 properties; and, 30 WHEREAS, Delores Coleman will provide The City of Little Rock with a Warranty Deed to the 31 properties, shown in attached Exhibit B, 32 WHEREAS,Arkansas State Law requires that the City acquire the property by resolution adopted by 33 the Board of Directors; [Page 1 of 6] 1.. 1 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 2 OF LITTLE ROCK,ARKANSAS: 3 Section 1. Pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010), the City must obtain 4 authority from the Board of Directors to purchase the two (2) properties, as listed in Exhibit A to this 5 resolution. 6 Section 2. The Board of Directors, pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010), 7 must authorize the Mayor and City Clerk to execute any documents necessary to complete the purchase of 8 the properties listed in Exhibit A to this resolution. 9 Section 3. The property will be used for a public purpose to serve the public, specifically to improve 10 city revitalization programs. 11 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 12 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 13 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 14 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 15 ordinance. 16 Section 5.Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with 17 the provisions of this resolution are hereby repealed to the extent of such inconsistency. 18 ADOPTED: May 15,2018 19 A�S • APPROVED) 20 `1 / 4a 421 � .���� -..- 22 Lang ''`N Clerk Mark Stodola,Mayor 23 APP'0 �`\R.` �''• LEGAL FORM: 24 1 25 r 1 Jj , 26 Thomas M.Carpenter,City Attorney/ 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 2 of 6] 1 EXHIBIT A 2 Property Purchase Chart 3 Parcel No. Physical Property Lot 2017 Taxes City Address& Square-Feet Size Liens 2301 South Martin Street 34L1780017300 Little Rock,AR 6,750 square-feet (1,041 square-feet) Paid by Seller No Liens 2308 South Martin Street 34L1780015700 Little Rock,AR 7000 square-feet Paid by Seller No Liens (560 square-feet) 4 // 5 // 6 // 7 // 8 // 9 // 10 // 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // [Page 3 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 9 Representative: 10 Doug Tapp,Redevelopment Administrator 11 12 13 WARRANTY DEED 14 15 KNOW ALL MEN BY THESE PRESENTS THAT: 16 Delores Coleman, GRANTOR, for and in consideration of the sum of Twenty-Three Thousand 17 Dollars ($23,000.00) and other good and valuable consideration paid by City of Little Rock, GRANTEE, 18 the receipt of which is hereby acknowledged, does herebygrant, convey and warrantyunto the Grantee, 19 and unto its heirs and assigns forever, the following described lands in the County of Pulaski, State of 20 Arkansas: 21 CHESTERFIELD SQUARE Subdivision Lot 7 Block 8, Pulaski County, Arkansas also 22 known as 2301 South Martin Street,Little Rock,AR 72204 (Parcel# 34L1780017300) 23 & 24 CHESTERFIELD SQUARE Subdivision Lot 16 Block 7, Pulaski County, Arkansas, also 25 known as 2308 South Martin Street,Little Rock,AR 72204 (Parcel#34L1780015700) 26 27 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all 28 tenements,appurtenances,and hereditaments thereunto belonging. 29 Delores Coleman, for and in consideration of such sum of money, hereby releases and 30 relinquishes unto the Grantee, and unto its heirs and assigns forever, all right and possibility of curtesy, 31 dower,and homestead in and to such lands. 32 33 Delores Coleman,GRANTOR 34 2318 South Martin Street 35 Little Rock,Arkansas 72204 36 37 38 39 By: Delores Coleman 40 [Page 4 of 6] 1 ACKNOWLEDGEMENT 2 3 STATE OF ARKANSAS) 4 ))SS 5 COUNTY OF PULASKI) 6 7 On this day came before me, the undersigned, a Notary Public within and for the County and 8 State aforesaid, duly commissioned and acting personally appeared,Delores Coleman known to me as the 9 duly appointed agent for the Grantor in the foregoing Deed, and acknowledged that she has executed the 10 same for the consideration and purposes therein mentioned and set forth. 11 WITNESS my hand and seal as such notary public this day of ,2018. 12 13 14 Notary Public 15 16 My Commission expires: 17 18 19 Mayor Mark Stodola 20 City of Little Rock 21 500 West Markham Street 22 Little Rock,Arkansas 72201 23 24 25 By: Mayor Mark Stodola 26 27 On this day came before me, the undersigned, a Notary Public within and for the County and 28 State aforesaid, duly commissioned and acting personally appeared Mayor Mark Stodola, a duly 29 commissioned representative of The City of Little Rock, known to me as the Grantee in the foregoing 30 Deed, and acknowledged that they have executed the same for the consideration and purposes therein 31 mentioned and set forth. 32 WITNESS my hand and seal the day of 2018. 33 34 35 Notary Public 36 37 My Commission expires: [Page 5 of 6] 1 DOCUMENTARY TAX STATEMENT 2 3 I certify under penalty of false swearing that the legally correct amount of documentary stamps 4 have been placed on this instrument. (If none shown,exempt or no consideration paid.) 5 6 City of Little Rock 7 500 West Markham Street,Suite 120W 8 Little Rock,Arkansas 72201 9 10 11 12 By: Doug Tapp 13 Redevelopment Administrator 14 15 16 ACKNOWLEDGEMENT 17 STATE OF ARKANSAS) 18 ))SS 19 COUNTY OF PULASKI) • 20 21 On this day came before me, the undersigned, a Notary Public within and for the County and 22 State aforesaid, duly commissioned and acting personally appeared, Doug Tapp, Redevelopment 23 Administrator,City of Little Rock,Arkansas. 24 25 WITNESS my hand and seal as such notary public this day of ,2018. 26 27 28 Notary Public 29 30 My Commission expires: 31 // 32 // 33 // 34 // 35 // 36 // 37 // [Page 6 of 6]