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14926 111111111111111111111111111111111111 2019004553 PRESENTED o1-23-201909:18:16 AM RECORDED:01-23-2019 09:36:54 AM In Official Records of Terri Hollingsworth Circuit/County Clerk PULASKI CO,AR FEE$35.00 1 RESOLUTION NO. 14,926 2 3 A RESOLUTION AUTHORIZING THE MAYOR TO ENTER INTO A 4 CONTRACT WITH THE QUAPAW NATION FOR THE PURCHASE OF 5 APPROXIMATLEY 77.5 ACRES OF LAND AND TO ACQUIRE AN 6 OPTION FOR AN ADDITIONAL 77.5 ACRES OF LAND, FOR USE BY 7 THE LITTLE ROCK PORT AUTHORITY;AND FOR OTHER PURPOSES. 8 9 WHEREAS,the City of Little Rock,Arkansas,through its 2011 Capital Sales Tax Initiative, set aside 10 money for the specific purpose of expanding the real estate holdings of the Little Rock Port Authority;and, 11 WHEREAS,the Little Rock Port Authority has been actively exploring opportunities for expansion, 12 including the development of a 2008 Master Real Estate Acquisition Plan; and, 13 WHEREAS,the Little Rock Port Authority Staff has worked with the Greater Little Rock Regional 14 Chamber of Commerce,and other interested parties,to explore viable options for real estate expansion and 15 determined that this particular parcel will meet the future needs of the Little Rock Port Authority for 16 economic prospect recruitment purposes; and, 17 WHEREAS,the Little Rock Port Authority Staff has extended a preliminary offer, based upon recent 18 land acquisitions made by the Little Rock Port Authority,for the property in question and the offer has been 19 accepted by the owner. 20 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 21 OF LITTLE ROCK: 22 Section 1. The City of Little Rock Board of Directors authorizes the Mayor to purchase approximately 23 77.5 acres of land described as the Western Half of the Southwest Quarter (W1/2 SW1/4) of Section 22, 24 Township 1 North Range 11 West, Pulaski County, Arkansas (section 22 parcel) and also enter into an 25 option for an additional 77.5 acres of land for use by the Little Rock Port Authority,both of which are more 26 particularly described in Exhibit A, attached hereto and make a part thereof. 27 Section 2. The purchase price for the initial 77.5 acres is One Million,Four Hundred Fifty Thousand 28 Dollars ($1,450,000.00) plus associated closing costs and the purchase price for the remaining 77.5 acers 29 if the option is executed will be One Million, Seven Hundred Thousand Dollars($1,700,000.00). 30 Section 3. Funding for this purchase will come from the City of Little Rock's Capital Improvement 31 Sales Tax Account that established funds for land acquisition at the Port. 32 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause,,ph a ,msi.,2,,,� `mow �+ 'i 33 word of this resolution is declared or adjudged to be invalid or unconstitutional, such de�ir ao i of. £®� , ® 34 adjudication shall not affect the remaining portions of the resolution which shall remain in full . T3:67.45." [Page 1 of 5] % '.r'a .>a a s`9 t 1' Y. v 1 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 2 resolution. 3 Section 5. Repealer.All laws ordinances resolutions or parts of the same that are inconsistent with the 4 provisions of this resolution are hereby repealed to the extent of such inconsistency. 5 ADOPTED: January 22,2019 6 if.t 2.,,_• APPROVED: 0 7 ` ,ate 8 ..'r L\ AC'e I_�. 9 usan L:n_ ity Clerk Fran!Sc' r.,r a� 1I 10 APPR Z4. 401 . TO LEGAL FORM: 11 12 • 13 Thomas M. Carpenter, ity Atto tey 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 2 of 5] Exhibit A QUAPAW TRIBE OF INDIANS, OKLAHOMA THIBAULT RD LITTLE ROCK, AR 722060000 Basic Information Parcel Number: 24R0220000300 County Name: Pulaski County Mailing Address: QUAPAW TRIBE OF INDIANS,OKLAHOMA THIBAULT RD LITTLE ROCK,AR Billing Address QUAPAW TRIBE OF INDIANS,OKLAHOMA PO BOX 765 QUAPAW OK 74363 Total Acres: 80.00 Timber Acres: 22.68 Sec-Twp-Rng: 22-1N-11W Lot/Block: Subdivision: 1N-11-22 Legal Description: W1/2 SW 22 1N 11 School District: 011 PCSSD SOUTH OF RIVER improvement Districts: FOURCHE ISLAND DRAINAGE.SWEET HOME RURAL FIRE Homestead Parcel?: No Tax Status: Taxable Over 65?: No Map View Land Information Land Type Quantity Front Width Rear Width Depth 1 Depth 2 Quarter CROP 57.31 acres [2,496,423 sgft] TIMBER 22.68acres [987,941 sgft) WATER 0,01 acres [435sgft) Valuation Information view prior year Information Entry Appraised Assessed Land: 64,350 12,870 Improvements: 0 0 Total Value: 64,350 12,870 Taxable Value: 10,110 Millage: 0.0508 Timber: 4.54 Estimated Taxes 0: $518.13 Assessment Year. 2018 Sales History0 Date Price Grantor Grantee Book Page Deed Type 10/17/2012 775,000 MCRAE MORTGAGE&INVESTMENT LLC QUAPAW TRIBE OF INDIANS,OKLAHOMA 2012 074584 WD(Warranty Deed) 10/1/1995 72,000 95 58954 DEED(Deed) 4/1/1991 5 91 21765 DEED(Deed) 10/1/1987 87 67993 DEED(Deed) 4/17/1980 1,100,000 COMM IN CHANCERY SELZ FRED,TRUSTEE 80 17029 COD(COMMISSIONERS DEED) [Page 4 of 5] Please Note:This map is for reference purposes only.It is not intended for use as a legal survey or document.No guarantee of , „mai . - A •y4, \\I q ,.mow x a ' 4 i ''' `� ;tea »w a [ ;''\,"'t,... ,. 0 t •';1111 'tai i1. jrni' :w a ~ ,i ', iiii-ii it' 011 a '41-", ;d. 4 . M t. A: � !,.I{ p 1 , . 4 = accuracy is granted,nor is any responsibility 1 Page 5 of 5]