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91341 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 • • 168 RESOLUTION NO. 9,134 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A QUITCLAIM DEED CONVEYING THE CITY'S INTEREST IN A ONE AND ONE- QUARTER ACRE LOT LOCATED AT 8924 GARDNER ROAD TO VICTORY TEMPLE CHURCH OF GOD IN CHRIST; AND FOR OTHER PURPOSES. WHEREAS, the City was awarded this property as part of the "Sin City" complex demolition project; and WHEREAS, this property is an isolated parcel of land located one block from the Sin City tract of land; and WHEREAS, the City has no public purpose to use the property at this time; and WHEREAS, the City advertised the property for bid on January 28, 1994; and WHEREAS, Victory Temple Church of God in Christ placed the only bid on the property for the sum of $13,500; and WHEREAS, it is in the City's best interest to convey its interest in the property and thereby recoup its expenses for demolition and removal of four structures formerly located thereon. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The Mayor and City Clerk are hereby authorized to execute a quitclaim deed to convey the City's interest in property located at 8924 Gardner Road to Victory Temple Church of God in Christ, for $13,500. SECTION 2. Proceeds from the sale of this property are to be deposited in the City's demolition account number 210- 215 - 0190 -5026. o pgv 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 0 0 ADOPTED: April 5, 1994 'Wal APPROVED: 169 h tf -)( 170 PURCHASING FACT SHEET BID NO: 94219 DATE ADVERTISED: January 28, 1994 DATE OPENED: February 10, 1994 BID LIST: ADV NUMBER SOLICITED: ADV DEPARTMENT: Neighborhoods & Planning DESCRIPTION: Sale of Property (8924 Gardner Rd) FUNDING: N/A ACCOUNT NUMBER: N/A APPROPRIATION OR TRANSFER REQUIRED: N/A ACCOUNT AVAILABILITY: $N /A AMOUNT OF PURCHASE: Sale $13,500.00 SUGGESTED AWARDEE: Victory Temple Church 8925 Gardner Road RECOMMENDATION AND DISCUSSION: It is recommended that this property be sold to the Victory Temple Church for the sum of $13,500. The property was legally advertised in both the legal and real estate sections of the Daily Record and the Arkansas Democrat Gazette respectfully. Victory Temple Church was the only one to respond. See attached communications for further information.