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15847r � N rn 41 I N � v N 74 I -0 N y co CD N L l co I xi v tv � � m In L1 rnl I �n I rn rn 00 -r o, u� 0 a v 0 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 • ORDINANCE NO. 15,847 • 138 AN ORDINANCE AMENDING CHAPTER 31 OF THE CODE OF ORDINANCES OF THE CITY OF LITTLE ROCK, ARKANSAS PROVIDING FOR A WAIVER OF PAVEMENT WIDTH AND ARTERIAL STREET CONSTRUCTION REQUIREMENTS REGARDING THE PRESENTLY PROPOSED STONEHEDGE SUBDIVISION, AND OTHER MATTERS. BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. That Chapter 31 of the Code of Ordinances be amended to provide for waiver of certain requirements within the Subdivision Regulations of the City of Little Rock as such shall be applied to and required of the Stonehedge Subdivision as follows: Subsection a. That Section 31 -397 of the Code of Ordinances be amended to provide waiver of Subdivision Regulations to allow a 24 foot pavement width and modified street construction of West Street and Stonehedge Drive. Subsection b. That Section 31 -397 of the Code of Ordinances be amended to provide for waiver of Subdivision Regulations and Master Street Plan provisions requiring arterial street construction on 36th Street. Subsection c. The agreement executed by the City of Little Rock and The Linkous Co., Inc., relating to the above waivers, dated April 13, 1990 is approved. SECTION 2. This ordinance shall take effect thirty (30) days from and after its passage. PASSED: April 17, 1990 ATTEST: �Da1. „1 ty Cferk JA e Czech APPROV �: Mark todola, City Attorney APPROVED: Ma*r04 Vi llines, III 6-410 4 -I I bs 1 1 :4. I :+. \ /IG1Ni?'� MAO_ r—' Preliminary Plat 6CH004 //T�Nrs �rTE� 139 i .- h Z E %C 1 y Y J-, 4f, i. 4s as M N J. a zftxAogr / TT Da 40 7. .e 4. � 77 r0. S' ti R ,C \ S. W. lik m n. e► L _ h b' U3 L. rv. s� re• ��\ I bs 1 1 :4. I :+. \ /IG1Ni?'� MAO_ r—' Preliminary Plat 6CH004 //T�Nrs �rTE� 139 i .- 0 AGREEMENT 0 140 This agreement is entered into on the date stated on the last page hereof by and between The City of Little Rock, hereafter referred to as "the City ", and The Linkous Co., Inc., hereafter referred as "the Developer ". WITNESSETH: WHEREAS, there is a need in the City for available affordable homes for the residents and prospective residents of the City; and WHEREAS, the Developer is in the process of developing a residential subdivision known as Stonehedge Subdivision, hereafter referred to as "the Development", in the City; and WHEREAS, the City is willing to waive certain subdivision requirements which are applicable to the Development; and WHEREAS, the Developer is willing to commit to the construction and development of affordable homes in the Development. NOW, THEREFORE, in consideration of the mutual covenants, conditions, and provisions hereof the City and the Developer agree as follows: 1. Affordable housing or houses as referred to herein shall mean new single family residential houses priced not to exceed $50,000 per house. 2. Developer shall construct, develop or make available for purchase at least seventy five percent (75 %) of the total houses to be built within the Development as affordable housing. Developer may construct the remaining 25% of the houses to be priced not to exceed $60,000. 5 M a M M M M M M M M M M M 0 141 3. All of the affordable houses within the Development shall, in addition to all other applicable housing standards and requirements except those specifically waived herein, be built in accordance with the following: (a) front and side yards shall be fully sodded; (b) the front yard shall be landscaped with at least shrubs along the front of each house and at least two trees, each having no less than a two -inch base, retained or planted in the front yard; and (c) the houses shall not be constructed all in the same architectural style, design or color scheme. 4. Developer shall construct sidewalks along the western side of West and Stonehedge Streets and along the southern side of 36th Street. These sidewalks shall be constructed immediately upon the completion of houses on the lots immediately adjacent to those streets, and all such sidewalks shall be constructed in no event later than two years from the date of this agreement. 5. Developer shall construct curbs and gutters along West Street with a subbase of width to equal a 24 foot street. 6. City shall not, as a result of the current scope of the Development, require Developer to make any improvements to 36th Street which are generally required of a developer seeking_ approval of subdivision adjacent to an arterial street such as 36th Street. 7. City shall include West Street in the City's annual chip -seal paving program. 8. City shall require and impose street standards applicable to Stonehedge and West Streets of a minimum width of 24 feet rather than 27 feet as would normally be required. 9. All standards and requirements applicable to the Development as provided in the Little Rock City Code of ordinances, as now in effect or as later amended, and in the final approved plat regarding the Development shall be applicable to the 0 0 142 Development and the Developer unless specifically in conflict with any of the provisions hereof. 10. This constitutes the entire agreement between the City and the Developer regarding the subject matter hereof. There are no other agreements or understandings between the parties on the subject matter of this agreement. 11. This agreement shall be binding on the heirs, successors and assigns of Developer and the City. 12. This agreement shall be binding and effective only upon its execution by Developer and the City Manager of the City, and upon its approval by the City of Little Rock Board of Directors. This agreement entered into this 13 day of 1990. LINKOUS CO., INC. CITY F LE R I By: By: w in ous, rest en om a i ty Manager APPROVED: LITTLE ROCK BOARD OF DIRECTORS,��i By: _7 dy F a C1 V'i7 Ines, Mayor STATE OF ARKANSAS) COUNTY OF PULASKI) Subscribed and sworn to before me a notary public this / $ day of , 1990. My Commission Expires: A_9nnn Y�'