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15634M ORDINANCE NO. AN ORDINANCE VACATING AND BETWEEN CANTRELL ROAD AND STILLMAN AND BUCHANAN ADD LITTLE ROCK, ARKANSAS. 15,634 CLOSING HIGH STREET RIVERSIDE AVENUE IN CTION TO THE CITY OF WHEREAS, it has been determined that High Street betweem Cantrell Road and Riverside Avenue in Block 22 of Stillman & Buchanan Addition to the City of Little, Rock, Arkansas, as designated on the plat of said Addition now appearing of record in Deed Book 10, Page 709, in the Office of the Recorder of Pulaski County, Arkansas, is no longer needed for corporate purposes, except for public utility and drainage easement purposes. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. Except as stated in Section 2 below, the City of Little Rock, Arkansas, hereby releases, vacates and abandons all its rights, together with the rights of the public generally, in and to the street designated as follows: u.I . 2.•J•i. s.• 01 • l SECTION 2. The City specifically retains the right to use, and allow others to use, the former street right -of -way in its entirety as a public utility and drainage easement. SECTION 3. Abutting owners of record, receiving title to the abandoned right -of -way and easement shall at their cost remove all vestiges of public use and access as may exist; such modifications shall include, but are not limited to the following: A. The entrances on both ends of the abandoned right - of -way and easement shall be offset and /or rebuilt to conform to the standard driveway design as required by Ordinance No. 12,501. B. The edge of pavement of the right -of -way shall be rebuilt to conform to existing conditions in the general vicinity where the abandoned right -of -way and easement intersects with the remaining public right -of -way. 50. 6-114 w �w w� w w w ■� �w w■ w w �w �w w w SECTION 4. If for any reason, the sale of the overall tract in Stillman & Buchanan and Riverside Park Additions, owned by GFS Limited Partnership, is not closed within seven (7) days from February 1, 1989, then the closure of High Street between Cantrell and Riverside Avenue will be revoked. SECTION 5. A copy of this Ordinance, duly certified by the City Clerk, shall be filed in the Office of the Recorder of Pulaski County and recorded in the records of the County. SECTION 6. This Ordinance shall take effect and be in force from and after its passage and approval. PASSED: February 1, 1989 ATTEST: Q ,. APPROVED: MAYOR FLOYD G. VILLINES, III 51 Beach Abstract & Guaranty Company 100 CENTER STREET - P. O. BOX 2580 LITTLE ROCK, ARKANSAS 72203 TELEPHONE 376 -3301 February 3, 1989 Ms. Jane Czech City Clerk City of Little Rock Little Rock, Arkansas 72201 Re: Southland Building Products Company, Inc. and FGS Limited Partnership /Construction Developers, Incorporated Cantrell Road Closing Dear Ms. Czech: Please be informed that Beach Abstract & Guaranty Company acted as closing agent and title insurer on the transaction from Southland Building Products Company to Construction Developers, Incorporated and as the title insurer on the trans- action from FGS Limited Partnership to Construction Developers, Incorporated. Section 4 of Little Rock City Ordinance 1115,634, which was passed at a special meeting of the City of Little Rock Board of Directors on Wednesday, February 1, 1989, states, that, Section 4. "If for any reason, the sale of the overall tract in Stillman & Buchanan and Riverside Park Additions, owned by GFS Limited Partnership, is not closed within seven (7) days from February 1, 1989, then the closure of High Street between Cantrell and Riverside Avenue will be revoked." Mr. Alden Bowen and I represented Beach Abstract & Guaranty Company at the closing of the Southland parcel and the FGS (erroneously referred to in the Ordinance as the GFS) parcel, both of which occurrred in the offices of The Rose Law Firm on Thursday, February 2, 1989. Beach Abstract & Guaranty Company is in possession of both deeds conveying the respective proper- ties owned by Southland and FGS and the deeds conveying the 52 Over 100 Years Setting Records 4' _ Msane 'Roech _ February 3, 1989 Page 2 M = M = M • • 53 closed portions of High Street and Riverside Drive, which was closed by Little Rock City Ordinance 1115,633 and passed at the same aforementioned meeting. By delivery of this letter, we are informing the proper authorities of the City of Little Rock that the transaction mentioned in Section 4 of Little Rock City Ordinance 1115,634 has occurred within the specified time frame, and that Section 4 of Little Rock City Ordinance 1115,634 should be declared null and void. Please inform me immediately if further documentation is needed. Sincerely, jJn J. Kir y Escrow Officer JJK:pkm cc: Ron Tabor, Flake & Co. Wilson Jones, The Rose Law Firm Gayle Corley, Friday, Eldridge & Clark Eddie Martin, Mitchell, Williams, Selig & Tucker Bill Darr, Dillard Department Stores, Inc. H L FEB 3 1989 JANE CZECH �1 Ct7Y CLN21 a MOMM 17 541 Sri Z,W- 0<�f- N',5 Af 16 /2 '13 ,5613 '011IN Ry., Co. Al� C � I I 0 L Abandonment of a Public Right of Way MMMMMMM"004 AA HIGH STREET CLOSURE NORTH 1916