132302010073313 Received: 1112312010 9 :08 :32 AM
Recorded: 1/12312010 09:19 :06 AM Filed &
Recorded in official Records of PAT O'BRIEN,
PULASKI COUNTY CIRCUITlCOUNTY CLERK
Fees $25.00
1 RESOLUTION NO. 13,230
2
3 A RESOLUTION TO AUTHORIZE THE PURCHASE OF A PARCEL OF
4 PROPERTY OFFERED FOR SALE TO THE CITY OF LITTLE ROCK,
5 TO BE USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS;
6 AND FOR OTHER PURPOSES.
7
8 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for
9 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use
10 of various City and federal funds, and in affirmative actions such as the creation of a Land Bank
11 Commission; and,
12 WHEREAS, in order to accomplish this goal it is required that properties be obtained by the
13 City in areas that are appropriate for revitalization; and,
14 WHEREAS, the Land Bank Commission has identified a parcel of property, as listed in
15 Exhibit A to this Resolution, which can be used to fulfill the City's stated goals; and,
16 WHEREAS, the parcel is contiguous to the property located at 1224 West 13th Street, Little
17 Rock, Arkansas, which is already owned by the City of Little Rock Land Bank;
18 WHEREAS, acquisition of the parcel will increase the Land Bank -owned property by 1,400
19 square feet and establishes a corner lot for development purposes;
20 WHEREAS, City staff has obtained a full title search on each property which revealed valid
21 title and no significant title issues; and,
22 WHEREAS, City Staff has performed an environmental assessment of each property
23 pursuant to 24 C.F.R. § 58, et seq. (2003), which revealed no environmental problems; and,
24 WHEREAS, the owner of the properties will be responsible for all real estate taxes levied
25 through the date of closing; and,
26 WHEREAS, funds to pay the purchase price for the parcel is available in the Land Bank's
27 Community Development Block Grant (CDBG) Account No. 230009- G62409; and,
28 WHEREAS, the Haybar Real Estate Company, has provided the City with a Real Estate
29 Purchase Contract with a total purchase price of $650.00; and,
[PAGE 1 of 31
Resolution to authorize the purchase of properties
to be used for neighborhood revitalization programs
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I WHEREAS, pursuant to state law the City must obtain authority to purchase property by a
2 resolution adopted by the Board of Directors;
3 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
4 THE CITY OF LITTLE ROCK, ARKANSAS:
5 Section 1. Pursuant to Ark. Code Ann. § 14- 54- 302(c) (West Supp. 2010), the City must
6 obtain authority from the Board of Directors to purchase the parcel of property, as listed in
7 Exhibit A to this resolution.
8 Section 2. The Board of Directors, pursuant to Ark. Code Ann. § 14- 54- 302(c) (West Supp.
9 2010), must authorize the Mayor and City Clerk to execute any documents necessary to complete
10 the purchase of the property listed in Exhibit A to this resolution.
11 Section 3. If acquired, this property shall be used for a public purpose, specifically for City
12 neighborhood revitalization programs.
13 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause,
14 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such
15 declaration or adjudication shall not affect the remaining portions of the resolution which shall
16 remain in full force and effect a if the portion so declared or adjudged invalid or unconstitutional
17 were not originally a part of the ordinance.
18 Section 5. Repealer. All laws, ordinances, resolutions, or parts of the same that are
19 inconsistent with the provisions of this resolution are hereby repealed to the extent of such
20 inconsistency.
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ADOPTED: November 16, 2010
27 APPROVED AS TO LEGAL FORM:
28
29
30 Thomas M. Carpenter, City lutorney
Resolution to authorize the purchase of properties
to be used for neighborhood revitalization programs
APPROVED:
Mark Stodola, Mayor
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Exhibit A — Property Purchase Chart
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Resolution to authorize the purchase of properties
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Physical Property
Lot
2009 Taxes
City
Parcel No.
Address
Description
Liens
South Pulaski Street
34LO201608401
Little Rick, Arkansas
Vacant Lot
Paid by Seller
No Liens
(1,400 sq. feet)
72201
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Resolution to authorize the purchase of properties
to be used for neighborhood revitalization programs
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