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120251 RESOLUTION NO. 12,025 2 A RESOLUTION TO SET JULY 12, 2005, AS THE DATE FOR A 3 PUBLIC HEARING ON WHETHER TO ESTABLISH PROMENADE 4 PROPERTY OWNERS MULTI - PURPOSE IMPROVEMENT DISTRICT 5 NO. 1 OF THE CITY OF LITTLE ROCK, ARKANSAS; AND FOR 6 OTHER PURPOSES. 7 WHEREAS, property owners who claim to be all of the owners of record title of 8 real property located within a proposed municipal property owners improvement 9 district as described in Exhibit A, and 10 WHEREAS, a public hearing must be held prior to the creation of this district, 11 which is to be known as Promenade Municipal Property Owners Multi- Purpose 12 Improvement District No. 1 of the City of Little Rock, Arkansas. 13 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF 14 THE CITY OF LITTLE ROCK, ARKANSAS: 15 Section 1. The Board of Directors shall conduct a public hearing at 6:00 PM in 16 the Board Meeting Room on the second floor of City Hall at 500 West Markham, Little 17 Rock, Arkansas, on Tuesday, July 12, 2005, on the question of whether to approve the 18 creation of Promenade Municipal Property Owners Multi- Purpose Improvement 19 District No. 1 of the City of Little Rock, Arkansas; all persons wishing to be heard on 20 this issue will be heard at that time. 21 Section 2. The basic description of the boundaries for the proposed District are 22 attached as Exhibit A to this resolution, and the basic list of improvements is attached as 23 Exhibit B. 24 Section 3. Severability. In the event any title, section, paragraph, item, sentence, 25 clause, phrase, or word of this resolution is declared or adjudged to be invalid or 26 unconstitutional, such declaration or adjudication shall not affect the remaining [PAGE 1 OF 61 1 portions of the resolution which shall remain in full force and effect as if the portion so 2 declared or adjudged invalid or unconstitutional was not originally a part of the 3 resolution. 4 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that 5 are inconsistent with the provisions of this resolution are hereby repealed to the extent 6 of such inconsistency. 7 ADOPTED: June 21, 2005 8 ATTEST: APPROVED: 9 1 11 N taki S. Blocker, Assistant City Clerk 12 For Nancy Wood, City Clerk 13 14 APPROVED AS TO LEGAL FORM: 15 16 , /L* -ry �torneyy 17 Thomas M. Carpenter, City 18 19 // 20 // 21 22 // 23 // 24 // 25 26 // 27 // [PAGE 2 of 41 96w- /) 611m 0"" JV Dailey, Mayor 1 EXHIBIT A 2 3 Legal Description 4 5 TRACT 5A (UNRECORDED) CHENAL VALLEY 6 7 A TRACT OF LAND IN SECTION 36, T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS 8 BEING MORE PARTICULARLY DESCRIBED AS: 9 10 STARTING AT THE CENTER OF SAID SECTION 36; THENCE S01'02'12 "W ALONG 11 THE EASTERLY LINE OF THE NE 1/4 SW 1/4, SAID SECTION 36, 1021.60 FT. TO A 12 POINT ON THE CENTERLINE OF CHENAL PARKWAY; THENCE SOUTHEASTERLY 13 ALONG SAID CENTERLINE, BEING THE ARC OF A 2864.80 FT. RADIUS CURVE TO 14 THE RIGHT, A CHORD BEARING AND DISTANCE OF S12 001'17 "E, 208.28 FT.; 15 THENCE S80 003'43" W, 80.00 FT. TO A POINT ON THE WEST RIGHT -OF -WAY LINE 16 OF SAID CHENAL PARKWAY; THENCE NORTHWESTERLY ALONG SAID WEST 17 RIGHT -OF -WAY LINE, BEING THE ARC OF A 2784.80 FT. RADIUS' CURVE TO THE 18 LEFT, A CHORD BEARING AND DISTANCE OF N11054'0 8 "E, 190.89 FT.; THENCE 19 S76 008'01" E AND CONTINUING ALONG SAID WEST RIGHT -OF -WAY LINE, 10.00 20 FT.; THENCE NORTHWESTERLY AND CONTINUING ALONG SAID WEST RIGHT - 21 OF -WAY LINE, BEING THE ARC OF A 2774.80 FT. RADIUS CURVE TO THE LEFT, A 22 CHORD BEARING AND DISTANCE OF N17 021'5 9 "W, 338,81 FT. TO A POINT ON 23 THE NORTH RIGHT -OF -WAY LINE OF LA GRANDE DRIVE AND THE POINT OF 24 BEGINNING; THENCE NORTHWESTERLY AND CONTINUING ALONG SAID WEST 25 RIGHT -OF -WAY LINE OF CHENAL PARKWAY, BEING THE ARC OF A 2774.80 FT. 26 RADIUS CURVE TO THE LEFT, A CHORD BEARING AND DISTANCE OF N22° 27 21'10 "W, 144.68 FT.; THENCE N66 009' 11 "E AND CONTINUING ALONG SAID 28 WEST RIGHT -OF -WAY LINE, 10.00 FT.; THENCE NORTHWESTERLY AND 29 CONTINUING ALONG SAID WEST RIGHT -OF -WAY LINE, BEING THE ARC OF A 30 2784.79 FT. RADIUS CURVE TO THE LEFT, A CHORD BEARING AND DISTANCE OF 31 N27 044'23 "W, 378.14 FT.; THENCE N31 038'39 "W AND CONTINUING ALONG SAID 32 WEST RIGHT -OF -WAY LINE, 1010.69 FT.; THENCE S58 021'21 "W AND 33 CONTINUING ALONG SAID WEST RIGHT -OF -WAY LINE 20.00 FT. THENCE 34 N31 °38'39 "W AND CONTINUING ALONG SAID WEST RIGHT -OF -WAY LINE, 482.16 35 FT.; THENCE S82021'20 "W, 47.80 FT.; THENCE S58 °01' 02 "W, 188.45 FT.; 36 THENCE SOUTHWESTERLY ALONG THE ARC OF A 1377.39 FT. RADIUS CURVE TO 37 THE LEFT, A CHORD BEARING AND DISTANCE OF S32 027' 10 "W, 1188.76 FT.; 38 THENCE S06 053'18" W, 260.67 FT.; THENCE SOUTHEASTERLY ALONG THE ARC 39 OF A 38.00 FT. RADIUS CURVE TO THE LEFT, A CHORD BEARING AND DISTANCE 40 OF S34 021' 33 "E, 50.11 FT.; THENCE S75 036'2 4 "E, 164.70 FT.; THENCE 41 SOUTHEASTERLY ALONG THE ARC OF A 480.00 FT. RADIUS CURVE TO THE 42 RIGHT, A CHORD BEARING AND DISTANCE OF' S58 °58'09 "E, 274.87 FT.; 43 THENCE S42 019'5 3 "E, 176.95 FT.; THENCE SOUTHEASTERLY ALONG THE ARC 44 OF A 370,00 FT. RADIUS CURVE TO THE LEFT, A CHORD BEARING AND [PAGE 3 OF 61 1 DISTANCE OF S75 004'07 "E, 400.18 FT.; THENCE N72 °11'39 "E, 209.34 FT. TO A 2 POINT ON THE SAID NORTH RIGHT -OF -WAY LINE OF LA GRANDE DRIVE; 3 THENCE N72 011'39" E ALONG SAID NORTH RIGHT -OF -WAY LINE, 40.22 FT.; 4 THENCE EASTERLY AND CONTINUING ALONG SAID NORTH RIGHT -OF -WAY 5 LINE, BEING THE ARC OF A 507.46 FT. RADIUS CURVE TO THE RIGHT, A CHORD 6 BEARING AND DISTANCE OF N88 052'18 "E , 291.26 FT.; THENCE S74 °27'04" E AND 7 CONTINUING ALONG SAID NORTH RIGHT -OF -WAY LINE, 198.07 FT.; THENCE 8 EASTERLY AND CONTINUING ALONG SAID NORTH RIGHT -OF -WAY LINE BEING 9 THE ARC OF A 447.46 FT. RADIUS CURVE TO THE LEFT, A CHORD BEARING AND 10 DISTANCE OF S85 033'19 "E, 172.35 FT.; THENCE N68 °10'36" E AND CONTINUING 11 ALONG SAID NORTH RIGHT -OF -WAY LINE, 47.40 FT.; THENCE N29 °29' 01 "E AND 12 CONTINUING ALONG SAID NORTH RIGHT -OF -WAY LINE, 68.76 FT. TO THE POINT 13 OF' BEGINNING, CONTAINING 47.8804 A CRES MORE OR LESS. 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [PAGE 4 OF 6] 1 EXHIBIT B -1 2 3 Description of Improvements 4 5 Financing the cost of constructing public improvements including (i) constructing such street 6 and road improvements as may be depicted in the map attached hereto; and to open, grade, 7 drain, pave, curb, gutter or otherwise improve such other streets, roads, highways, and every 8 other way for passage and use of vehicles, and including sidewalks, pedestrian trails and 9 walkways, viaducts, underpasses and appurtenant lighting, within the boundaries of the district if 10 the property of the district will be benefited thereby, and such purposes shall include the 11 acquisition of rights of way; (ii) constructing water mains along various streets and roadways and 12 additional water mains at other locations within the District as may be depicted on the map 13 attached as hereto and other appurtenant water improvements within the boundaries of the 14 District if the property of the District will be benefited thereby; (iii) constructing sanitary sewer 15 mains and storm sewers as may be depicted on the map attached as hereto and other appurtenant 16 sewer improvements within the boundaries of the District if the property of the District will be 17 benefited thereby; (iv) acquiring and constructing electric junction boxes, electric conduits, 18 underground power lines, street lighting and other electric utility improvements as may be 19 depicted on the map attached hereto within the boundaries of the District if the property of the 20 District will be benefited thereby; (v) all other purposes authorized by Ark. Code Ann. Title 14, 21 Chapter 94 and amendments thereto; and (vi) paying the costs associated with such 22 improvements including, but not limited to, engineering, legal, environmental surveys, 23 governmental approvals and permits; and (vii) conducting any and all other acts which shall be 24 deemed necessary in order to purchase, construct, accept as a gift, operate and maintain any and 25 all improvements authorized therein. 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 [PACE 5 OF 61