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F
RESOLUTION NO. 11,524
A RESOLUTION AUTHORIZING THE SALE OF CERTAIN REAL
PROPERTY LOCATED IN THE LITTLE ROCK PORT INDUSTRIAL
PARK; AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A WARRANTY DEED FOR THE CONVEYANCE; AND
FOR OTHER PURPOSES.
2003063481
86/25/2883 10:35:23 AN
Filed 8 Recorded in
Official Records of
CAROLYN S(ALEY
PULASKI COUNTY
CIRCUIf/COUNTY CLERK
Fees $14.08
WHEREAS, The Fastenal Company, a Minnesota corporation (the "Purchaser "), desires
to purchase certain real property located in the Little Rock Port Industrial Park owned by the
City of Little Rock, Arkansas (the "City "), and
WHEREAS, Purchaser has made an offer in the sum of Fifty Thousand and no /100
Dollars ($50,000.00) for the property, and
WHEREAS, the Little Rock Board of Directors finds that the proposed sale to the
Purchaser will help to secure and develop industry in the Little Rock Port Industrial Park,
thereby providing substantial employment and payroll.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK:
Section 1. The sale of the property for the consideration stated above is approved and the
Mayor and City Clerk are authorized and directed to execute for and on behalf of the City a
Warranty Deed and the appropriate plat and bill of assurance, conveying the property to the
Purchaser or its designee, upon full payment of the purchase price in the sum of Fifty Thousand
and No One Hundredths Dollars ($50,000.00) paid to the Little Rock Port Authority.
24 Section 2. The property is substantially described as follows, with such changes as shall
e,as°° °a°eeCP
25 be approved by the City Attorney and the Mayor; the execution of the Warranty Deed auth6 ized
26 by this resolution shall constitute evidence of such approval:
o ,,s
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°OpYaae yauaea"
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Doc# 2003063481
A TRACT OF LAND SITUATED IN SE %4 OF SECTION 16 IN T -1 -N, R -11 -W, LITTLE
ROCK, PULASKI COUNTY, ARKANSAS, BEING MORE PARTICULARLY AS
FOLLOWS:
COMMENCING AT THE NE CORNER OF THE NW %4 OF SE '/4, SECTION 16; THENCE
SO DEGREES29'22 "W ALONG THE EAST LINE OF SAID NW/40F SE '/4, 11.64 FEET;
THENCE N88DEGREES30'38 "W 96.50 FEET TO A %2" REBAR ON THE SOUTH RIGHT -
OF -WAY OF THE LITTLE ROCK PORT RAILROAD AND THE NE CORNER OF TRACT
M(R) AREA 210 LITTLE ROCK PORT INDUSTRIAL PARK RECORDED IN BOOK E
PAGE 212 CIRCUIT CLERK'S OFFICE PULASKI COUNTY, ARKANSAS; THENCE
S78DEGREES46'02 "W ALONG SAID RIGHT -OF -WAY, 210.56 FEET TO A Y2" REBAR;
THENCE S78DEGREES45'06 "W ALONG SAID RIGHT -OF -WAY, 154.33 FEET TO A '/2"
REBAR AT THE NORTHWEST CORNER OF SAID TRACT M(R) AND THE POINT OF
BEGINNING; THENCE LEAVING SAID RIGHT -OF -WAY, S15DEGREESO7'47 "E 323.91
FEET TO A %2' REBAR AT THE SOUTHWEST CORNER OF SAID TRACT M(R) ON THE
NORTH RIGHT -OF -WAY OF LINDSEY ROAD; THENCE S74DEGREES3O'1l "W ALONG
LAST SAID RIGHT -OF -WAY 156.51 FEET TO A '/2" REBAR AT THE SOUTHWEST
CORNER OF TRACT G, AREA 201 LITTLE ROCK PORT INDUSTRIAL PARK; THENCE
LEAVING LAST SAID RIGHT -OF -WAY N15DEGREES06'29 "W 335.52 FEET TO A %2'
REBAR AT THE NORTHEAST OF SAID TRACT G ON THE SOUTH RIGHT -OF -WAY OF
THE LITTLE ROCK PORT RAILROAD; THENCE N78DEGREES45'06 "E ALONG LAST
SAID RIGHT -OF -WAY, .156.73 FEET TO THE POINT OF BEGINNING; SAID TRACT
CONTAINING 1.182 ACRES (51498 SQ.FT.), MORE OR LESS.
Section 3. Severability. In the event any section, subsection, subdivision, paragraph,
subparagraph, item, sentence, clause, phrase, or word of this resolution is declared or adjudged to be
invalid or unconstitutional, such declaration or adjudication shall not affect the remaining portions
of this resolution, which shall remain in full force and effect as if the portion so declared or adjudged
invalid or unconstitutional were not originally a part of this resolution.
30 Section 4. Repealer. All laws, ordinances, resolutions, policies, or parts of any such
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material, in conflict with the provisions of this resolution are hereby repealed to the extent of such
inconsistency.
Section 5. This Resolution shall be in full force and effect from the date of its adoption.
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ADOPTED: JUNE 3, 2003
ATTEST:
Nancj Woo City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City 4omey
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rI
APPROVED:
Jim iley, Mayor