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14863 1 RESOLUTION NO. 14,863 2 3 A RESOLUTION TO TRANSFER TITLE TO PROPERTY OWNED BY 4 THE CITY OF LITTLE ROCK, ARKANSAS, BY QUITCLAIM DEED, IN 5 EXCHANGE FOR PROPERTY OWNED BY BETTER COMMUNITY 6 DEVELOPERS BY QUITCLAIM DEED, TO BE USED FOR 7 NEIGHBORHOOD REVITALIZATION PROGRAMS; AND FOR OTHER 8 PURPOSES. 9 10 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for 11 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use of 12 various City and Federal Funds, and in affirmative actions such as the creation of a Land Bank 13 Commission; and, 14 WHEREAS, in order to accomplish this goal is it required that properties be obtained by the City in 15 areas that are appropriate for revitalization; and, 16 WHEREAS, Better Community Developers has indicated their desire to donate the property located 17 at 3620 Maryland Avenue to the City of Little Rock, in exchange for property in the Land Bank located at 18 1520 South Oak Street; and, 19 WHEREAS,the City wishes to accept the property for use in its neighborhood revitalization efforts, 20 and in an exchange,donate a property; and, 21 WHEREAS,City Staff has conducted a title search of the properties which revealed valid title to the 22 properties; and, 23 WHEREAS, the City has performed an environmental assessment of the properties pursuant to 24 24 C.F.R. § 58, et seq. (2003),which revealed no environmental problems; and, 25 WHEREAS, in consideration for the exchange of property for the public purpose of neighborhood 26 revitalization,both parties have agreed to pay real estate taxes during dates of ownership; and, 27 WHEREAS, Better Community Development has provided the City with a Quitclaim Deed to the 28 property located at 3620 Maryland Avenue, a copy of which is attached as Exhibit A, and The City of 29 Little Rock will also provide Better Community Developers with a Quitclaim Deed to the property 30 located at 1520 South Oak Street,a copy of which is attached as Exhibit B; and, 31 WHEREAS, Arkansas State Law requires that the City exchange the properties by resolution 32 adopted by the Board of Directors; 33 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 34 OF LITTLE ROCK,ARKANSAS: [Page 1 of 10] 1 Section 1. The Board of Directors hereby accepts the Quitclaim Deeds to the properties described in 2 Exhibits A and B, in favor of the City of Little Rock. 3 Section 2. The properties shall be used for a public purpose, specifically for Neighborhood 4 revitalization programs. 5 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 6 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 7 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 8 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 9 ordinance. 10 Section 4. Repealer. All laws, ordinances,resolutions, or parts of the same that are inconsistent with 11 the provisions of this resolution are hereby repealed to the extent of such inconsistency. 12 ADOPTED.- j ember 18,2018 13 1' ;•. ; APPROVED 14 ` ' / f, , b 15 �` ',! 16 -Ilir�- :ae . ty Clerk Mark Stodola,Mayor 17 APPR 0 a A',_ '11 LEGAL FORM: 18 J 19 AV / 20 Thomas M. Carpenter, ity Attorne 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // 36 [Page 2 of 10] i 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 QUITCLAIM DEED 13 14 KNOW ALL MEN BY THESE PRESENTS THAT: 15 Better Community Developers, GRANTOR, for and in consideration of the sum of Ten Dollars 16 ($10.00) and other good valuable consideration paid by the CITY OF LITTLE ROCK, ARKANSAS, a 17 municipal corporation, GRANTEE, the receipt of which is hereby acknowledged, does hereby grant, 18 convey and warranty unto the Grantee, and unto its heirs and assigns forever, the following described 19 lands in the County of Pulaski, State of Arkansas: 20 COYS HIGHLAND Subdivision Lot 10 Block 3, to the City of Little Rock, Pulaski County, 21 Arkansas, more commonly known as 3620 Maryland Avenue, Little Rock, Arkansas (Parcel No. 22 34L0870000900) 23 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all 24 tenements,appurtenances,and hereditaments thereunto belonging. 25 Better Community Developers, hereby releases and relinquishes unto the Grantee, and unto its heirs 26 and assigns forever,all rights and possibility of curtsey,dower, and homestead in and to such lands. 27 28 Better Community Developers,GRANTOR 29 3604 West l2t''Street 30 Little Rock,AR 72204 31 32 33 By: Darryl Swinton,Representative 34 // 35 // 36 // 37 // [Page 3 of 10] 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 State 8 aforesaid, duly commissioned and acting personally appeared, Darryl Swinton, duly authorized to act as a 9 representative of Better Community Developers, known to me as the Grantor in the foregoing Deed, and 10 acknowledged that he has executed the same for the consideration and purposes therein mentioned and set 11 forth. 12 WITNESS my hand and seal as such Notary Public this day of , 2018 13 14 15 Notary Public 16 17 My Commission expires: 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 4 of 10] 1 City of Little Rock,GRANTEE 2 500 West Markham Street 3 Little Rock,Arkansas 72201 4 5 6 By: Mayor Mark Stodola,City of Little Rock 7 8 9 10 ACKNOWLEDGEMENT 11 12 STATE OF ARKANSAS) 13 )SS 14 COUNTY OF PULASKI) 15 16 On this day came before me, the undersigned, a notary public within and for the County and State 17 aforesaid, duly commissioned and acting personally appeared, Mayor Mark Stodola, City of Little Rock, 18 known to me as the Grantee in the foregoing Deed, and acknowledged that he has executed the same for 19 the consideration and purposes therein mentioned and set forth. 20 WITNESS my hand and seal as such Notary Public this day of , 2018 21 22 23 Notary Public 24 25 My Commission expires: 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // 36 // [Page 5 of 10] 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 7 City of Little Rock 8 500 West Markham Street,Suite 130W 9 Little Rock,Arkansas 72201 10 11 12 By: Doug Tapp,Redevelopment Administrator 13 14 15 ACKNOWLEDGEMENT 16 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 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 , 2018 25 26 27 Notary Public 28 29 My Commission expires: 30 // 31 // 32 // 33 // 34 // 35 // 36 // 37 // [Page 6 of 10] 1 Exhibit B 2 3 QUITCLAIM DEED 4 5 KNOW ALL MEN BY THESE PRESENTS THAT: 6 City of Little Rock, GRANTOR, for and in consideration of the sum of Ten Dollars ($10.00) and 7 other good valuable consideration paid by BETTER COMMUNITY DEVELOPERS, GRANTEE, the e 8 receipt of which is hereby acknowledged, does hereby grant, convey and warranty unto the Grantee, and 9 unto its heirs and assigns forever, the following described lands in the County of Pulaski, State of 10 Arkansas: 11 WORTHEN W B Subdivision Lot 8 Block 15, to the City of Little Rock, Pulaski County, Arkansas, 12 more commonly known as 1520 South Oak Street,Little Rock,Arkansas (Parcel No. 34L1600015800) 13 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all 14 tenements, appurtenances,and hereditaments thereunto belonging. 15 City of Little Rock, hereby releases and relinquishes unto the Grantee, and unto its heirs and assigns 16 forever,all rights and possibility of curtsey, dower, and homestead in and to such lands. 17 18 City of Little Rock,GRANTEE 19 500 West Markham Street 20 Little Rock,Arkansas 72201 21 22 23 By: Mayor Mark Stodola, City of Little Rock 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 7 of 10] 1 ACKNOWLEDGEMENT 2 3 4 STATE OF ARKANSAS) 5 )SS 6 COUNTY OF PULASKI) 7 8 On this day came before me, the undersigned, a notary public within and for the County and State 9 aforesaid, duly commissioned and acting personally appeared, Mayor Mark Stodola, duly authorized to 10 act as a representative of The City of Little Rock, known to me as the Grantor in the foregoing Deed, and 11 acknowledged that he has executed the same for the consideration and purposes therein mentioned and set 12 forth. 13 WITNESS my hand and seal as such Notary Public this day of ,2018 14 15 16 Notary Public 17 18 My Commission expires: 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 8 of 101 1 Better Community Developers,GRANTOR 2 3604 West 12th Street 3 Little Rock,AR 72204 4 5 6 By: Darryl Swinton,Representative 7 8 9 10 ACKNOWLEDGEMENT 11 12 STATE OF ARKANSAS) 13 )SS 14 COUNTY OF PULASKI) 15 16 On this day came before me, the undersigned, a notary public within and for the County and State 17 aforesaid, duly commissioned and acting personally appeared, Darryl Swinton, duly authorized to act as a 18 representative for Better Community Developers, known to me as the Grantee in the foregoing Deed, and 19 acknowledged that he has executed the same for the consideration and purposes therein mentioned and set 20 forth. 21 WITNESS my hand and seal as such Notary Public this day of , 2018 22 23 24 Notary Public 25 26 My Commission expires: 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // 36 // [Page 9 of 10] 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 7 City of Little Rock 8 500 West Markham Street,Suite 130W 9 Little Rock,Arkansas 72201 10 11 12 By: Doug Tapp,Redevelopment Administrator 13 14 15 ACKNOWLEDGEMENT 16 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 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 ,2018 25 26 27 Notary Public 28 29 My Commission expires: 30 // 31 // 32 // 33 // 34 // 35 // 36 // 37 // [Page 10 of 10]