97881 RESOLUTION NO. 9,785
2
3 A RESOLUTION AUTHORIZING THE SALE OF CERTAIN
4 PROPERTY LOCATED IN THE LITTLE ROCK PORT
5 INDUSTRIAL PARK; AND FOR OTHER PURPOSES.
6
7 WHEREAS, Baptist Health, an Arkansas not for profit
8 corporation (the "Purchaser ") , desires to purchase certain property
9 located in the Little Rock Port Industrial Park owned by the City
10 of Little Rock, Arkansas (the "City ") ; and
11 WHEREAS, the City has been offered the sum of Eighty -Four
,12 Thousand Dollars ($84,000) for such property and is prepared to
,-i
0
113 sell the property for such price;
14 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors
015 of the City of Little Rock, Arkansas:
16 Section 1. The Board hereby finds that the proposed sale
v17 will secure and develop industry in the Little Rock Port Industrial
18 Park, thereby providing substantial employment and payrolls.
19 Section 2. The sale of the property for the
20
consideration
stated is
hereby approved,
and the Mayor is hereby
21
authorized and
directed
to execute for and on behalf of the City a
22
Warranty Deed
and the
appropriate Plat
and Bill of Assurance,
23
conveying said
property
to the Purchaser
or its designee, and the
24 City Clerk is hereby authorized and directed to attest said
25 instruments and to deliver the same to the Office of the City
26 Attorney for delivery of same to the Purchaser or its designee upon
27 full payment of consideration in the sum of Eighty -Four Thousand
28 Dollars ($84,000), payable to the Little Rock Port Authority.
29 Section 3. The property is substantially described as
30 follows with such changes as shall be approved by the Mayor, his
553
1 execution of the Warranty Deed authorized hereby to constitute
2 conclusive evidence of such approval:
3 A tract of land situated in the SE 1/4 of the SE 1/4 of
4 Section 17 and the SW 1/4 of SW 1/4 of Section 16, T -1 -N,
5 R -11 -W, Pulaski County, Arkansas, being a part of Area
6 101 as shown on the Little Rock Port Industrial Park
7 Addition to the City of Little Rock, Arkansas, recorded
8 in Plat Book 27, page 86 in the Circuit Clerk's office,
9 Pulaski County, Arkansas, being more particularly
10 described as follows:
11
12 Commencing at the Southeast corner of said Section 17;
13 thence N88947131 "W, along the South line of said Section
14 17, for a distance of 124.79 feet; thence N01412129 11E,
15 60.00 feet to the North right -of -way line of Sloane
16 Drive; thence along a non - tangent curve to the right
17 having a 50 foot radius, and a chord bearing and distance
18 of N44917120 11W, 70.09 feet, for a distance of 77.67 feet,
19 to the East right -of -way line of Mauney Road; thence
20 N00912152 11E along the East right -of -way line of Mauney
21 Road, 380.93 feet to the point of beginning; thence
22 continuing along said East right -of -way line,
23 N00412152 11E, 437.38 feet to the Southwest corner of Tract
24 B, Area 101 of said Little Rock Port Industrial Park
25 Addition; thence S89247108 11E, along the South line of
26 said Tract B, 544.64 feet to the West line of Tract C,
27 Area 101 of said Little Rock Port Industrial Park
28 Addition; thence SOO912152 11W, along West line of said
29 Tract C, 280.25 feet; thence N88247131 11W, 94.82 feet;
30 thence along a non - tangent curve to the right having a
31 383.06 foot radius, and a chord bearing and distance of
32 563424'58 "W, 357.22 feet, for a distance of 371.62 feet;
33 thence N88447'31 "W, 131.00 feet to the point of
34 beginning; said tract of land containing 4.8 acres more
35 or less.
36
37 Section 4. This Resolution shall be in full force and
38
39 effect from the date of its adoption.
40
41 ADOPTED: September-3, , 1996.
42
43 APPROVED:
44 ATTEST:
45
46 o -
Ma or
48 city C e e k Jim Dailey
49 Robbie Hancock
50 (SEAL)
51
52
• • 554
1 APPROVED AS TO FORM:
2
3 A _
4 t! h
5 City Attorne�
6