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RESOLUTION NO. 13,299
2011023724 Received: 4/22/011 8:39:17 AM
Recorded: 04/22/2011 08:45:32 AM Filed &
Recorded in Official Records of Larry Crane,
PULASKI COUNTY CIRCUIT /COUNTY CLERK
Fees $20.00
4 %,9� LUTION TO AUTHORIZE THE PURCHASE OF A PARCEL OF
5 PROPERTY OFFERED FOR SALE TO THE CITY OF LITTLE ROCK,
6 ARKANSAS, TO BE USED FOR NEIGHBORHOOD REVITALIZATION
7 PROGRAMS; AND FOR OTHER PURPOSES.
8
9 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for
10 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use of
11 various City and Federal funds, and in affirmative actions such as the creation of a Land Bank
12 Commission; and,
13 WHEREAS, in order to accomplish this goal it is required that properties be obtained by the City in
14 areas that are appropriate for revitalization; and,
15 WHEREAS, the Land Bank Commission has identified a parcel of property within the Land Bank
16 Focus Area located at 1508 Marshall Street, Little Rock, Arkansas, which can be used to fulfill the City's
17 stated goals; and,
18 WHEREAS, the parcel is a 7,000 square foot lot with a structure on it that has been declared unsafe
19 by the City's Code Enforcement Staff.
20 WHEREAS, City Staff has obtained a full title search on each property which revealed valid title and
21 no significant title issues; and,
22 WHEREAS, City Staff has performed an environmental assessment of each property pursuant to 24
23 C.F.R. § 58, et seq. (2003), which revealed no environmental problems; and,
24 WHEREAS, an appraisal was obtained from Lasley Appraisal and Valuation which valued the
25 property at $15,700.00; and,
26 WHEREAS, the owner of the property has agreed to sell the property for the purchase price of
27 $15,700.00; and
28 WHEREAS, the owner of the properties will be responsible for all real estate taxes levied through
29 the date of closing; and,
30 WHEREAS, funds to pay the purchase price for the parcel is available in the Land Bank's
31 Community Development Block Grant (CDBG) Account No. 230009- G62409; and,
32 WHEREAS, pursuant to State law, the City must obtain authority to purchase property by a
33 resolution adopted by the Board of Directors;
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I NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
2 OF LITTLE ROCK, ARKANSAS:
3 Section 1. Pursuant to Ark. Code Ann. § 14- 54- 302(c) (West Supp. 2010), the City must obtain
4 authority from the Board of Directors to purchase the parcel of property.
5 Section 2. The Board of Directors, pursuant to Ark. Code Ann. § 14- 54- 302(c) (West Supp. 2010),
6 must authorize the Mayor and City Clerk to execute any documents necessary to complete the purchase of
7 the property.
8 Section 3. If acquired, this property shall be used for a public purpose, specifically for City
9 neighborhood revitalization programs.
10 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
11 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
12 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
13 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
14 ordinance.
15 Section 5. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
16 the provisions of this resolution are hereby repealed to the extent of such inconsistency.
17 ADOPTED: April 19, 2011
18
19
20
21 Susan Llingl , City Clerk
22 V if
23 APPROVED AS TO LEGAL FORM:
24
25�-'
26 Thomas M. Carpenter, City Atto ey
27 H
28 H
29 U
30 H
31 H
32 H
33 H
APPROVED: '
Mark Stodola, Mayor
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