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196951 ORDINANCE NO. 19,695 2 3 AN ORDINANCE TO ESTABLISH AND LAY OFF CITY OF LITTLE ROCK 4 MUNICIPAL MULTIPURPOSE PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 2007 -301 (VALLEY OAKS COURT ADDITION); AND FOR OTHER PURPOSES. 6 7 WHEREAS, a petition to form the City of Little Rock Municipal Property Owners' Multipurpose 8 Improvement District No. 2007 -301 (Valley Oaks Court Addition), has been filed with the Little Rock 9 City Clerk, and 10 WHEREAS, the Mayor has set February 6, 2007, at 6:00 o'clock p.m. as the date and time for a 11 hearing before the Little Rock Board of Directors for consideration of the petition, and 12 WHEREAS, the Little Rock Board of Directors has determined from an abstractor's certificate 13 of property ownership that those signing the petition constitute all of the owners of the real property 14 to be located in said district, and 15 WHEREAS, the Arkansas Municipal Property Owners' Multipurpose Improvement District law 16 provides that if the governing body determines that all of the owners of the real property to be located 17 in the district have petitioned for the improvements, it shall then be its duty by ordinance to establish 18 and lay off the district as defined in the petition and to appoint the commissioners named in the 19 petition. 20 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE 21 ROCK, ARKANSAS: 22 Section 1. The real property described in Exhibit "A" attached hereto and made a part hereof 23 is hereby established and laid off as City of Little Rock Municipal Property Owners' Multipurpose 24 Improvement District No. 2007-301 (Valley Oaks Court Addition), for the purpose of constructing, either 25 within or without the boundaries of the District, if the property within the District will be benefited 26 thereby, a sewage collection system, water distribution system, telephone service system, cable 27 television service system, cable television service system, electrical distribution system, natural gas 28 distribution system, a system of roads and streets, including sidewalks, curbs and gutters, underground 29 drainage system, a system of street lighting, retaining walls, and landscaping, and all trenching, 30 excavating, grading and all construction associated with the installation of the above systems, together 31 with facilities related to any of the foregoing within said district. 32 Section 2. The following three individuals are hereby appointed as commissioners of said 33 improvement district: John S. Williams, Jacqueline D. Williams and Lydia Williams. 34 Section 3. The name of the improvement district shall be City of Little Rock Municipal 35 Property Owners' Multipurpose Improvement District No. 2007 -301, (Valley Oaks Court Addition). [PAGE 1 OF 31 RESOLUTION To Establish City of Little Rock Mun. Property Owners' Multipurpose Imp. Dist. No. 2007 -301 (Valley Oaks Court Addition) 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 Section 4. The Board of Directors hereby determines that there is a need for additional infrastructure within the City and hereby determines that the passage of this Ordinance will facilitate construction of additional infrastructure within the City; therefore, an emergency is hereby declared to exist, and this Ordinance being necessary for the public health, safety and welfare shall be in full force and effect from and after its passage and approval. PASSED: February 6, 2007 ATTEST: an Wood, y Clerk APPROVED AS TO LEGAL FORM: -z^-. /q- Thomas M. Carpenter, City Worney RESOLUTION To Establish City of Little Rock Mun. Property Owners' Multipurpose Imp. Dist. No. 2007 -301 (Valley Oaks Court Addition) [PAGE 2 OF 31 APPROVED: Mar Stodola, Mayor Erma Hendrix, Director- Ward 1 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 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 EXHIBIT A LEGAL DESCRIPTION VALLEY OAKS COURT ADDITION Lots 1 -6, Office Commercial: That part of the West Half of the Southwest Quarter of Section 3, Township 1 South, Range 13, West, more particularly described as follows: Beginning at the Southwest corner of said Section 3 run thence North 89 °56'03" East along the South line of said W 1/2 SW 1/a for 220.07 feet to the Southeast corner of property described in Document 87 at page 19480 of the records of Pulaski County, Arkansas, said point being the point of beginning of property herein described; thence North 0 °53'25" East along the East line of said property (Doc 87 page 19480) for 375.47 feet to a point on the East line thereof; thence North 9 °50'00" West along the East line of said property (Doc 87 page 19480) for 235.06 feet; thence South 89' 51'42" East for 476.37 feet; thence South 0° 8'18" West for 605.37 feet to the Southeast corner of the West Half of the Southwest Quarter of the Southwest Quarter of Section 3; thence South 89'56'03" West along the South line of said Section 3 for 440.09 feet to the point of beginning, containing 6.19 acres, more or less. Lots 7 -52, Single Family: That part of the West Half of the Southwest Quarter of Section 3, Township 1 South, Range 13 West, more fully described as follows: Beginning at the Southwest corner of said Section 3 run thence North 89 °56'03" East along the South line of said W 1/2 SW 1/a for 220.07 feet to the Southeast corner of property described in Document 87 at page 19480 of the records of Pulaski County, Arkansas; thence North 0'53'25" East along the East line of said property (Doc 87 page 19480) for 375.47 feet to a point on the East line thereof, thence north 9 °50'00" West along the East line of said property (Doc 87 page 19480) for 235.06 feet to the point of beginning of property herein described; thence North 9 °50'00" West along the East line of said property (Doc 87 page 19480) for 14.94 feet to a point on the East line thereof; thence North 19 °17'00" West along the East line of said property (Doc 87 page 19480) for 220.00 feet to a point on the East line thereof; thence North 31 °20'00" West along the East line of said property (Doc 87 page 19480) for 199.40 feet to a point on the West line of said Section 3 that is 1000.00 feet North 0 °23'35" East of the Southwest corner of said Section 3; thence North 0 °23'35" East along the West line of said Section 3 for 652.10 feet to a 11/2" iron pipe; thence North 89 °46'09" East for 652.82 feet to a 11/2" iron pipe; thence South 0 °08'18" West for 1048.57 feet to a point that is 605.37 feet North 0 °08'18" East of the Southeast corner of the West Half of the Southwest Quarter of the Southwest Quarter of said Section 3; thence North 89 °51'42" West for 476.37 feet to the point of beginning, containing 14.8 acres, more or less. RESOLUTION To Establish City of Little Rock Mon. Property Owners' Multipurpose Imp. Dist. No. 2007 -301 (Valley Oaks Court Addition) [PAGE 3 OF 3]