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"': 2012053106 Received: 8/23/2012 8:19:52 AM
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Recorded: 08/2312012 08:28:48 AM Filed 8
`ao Giz Recorded in Official Records of Larry Crane.
ORDINANCE NO. 20,620 PULASKI COUNTY CIRCUIT /COUNTY CLERK
C* ; _ Fees $20.00
ANCE TO AMEND LITTLE ROCK, ARK., REV. CODE § 2-
330.11 (1988) TO REDUCE THE TIMEFRAME FOR COMPLETION OF
THE DEVELOPMENT SITE PLAN TO THE LAND BANK
6 COMMISSION; AND FOR OTHER PURPOSES.
8 WHEREAS, pursuant to Little Rock, Ark., Ordinance No. 19,911 (January 15, 2008), the City
9 created the Land Bank Commission ( "the Commission ") to help "reverse urban blight, increase home
10 ownership and stability of property values, provide affordable housing, improve the health and safety of
11 neighborhoods within the City, and maintain the architectural fabric of the community" as set forth in
12 Little Rock, Ark., Rev. Code § 2- 330.30 (1988); and,
13 WHEREAS, the Land Bank Commission partners with prospective purchasers, developers, non -
14 profit organizations, and other governmental agencies to acquire and develop Land Bank -held properties
15 in an effort to revitalize blighted areas within the City; and
16 WHEREAS, prior to conveyance of a property for development, an applicant must submit a
17 Development Site Plan to the Land Bank Commission for review and recommendation to the Board of
18 Directors; and,
19 WHEREAS, the current timeframe for completion of a Development Site Plan is three (3) years from
20 the date of approval by the Board of Directors, with an additional two (2) years extension option; and,
21 WHEREAS, the Land Bank Commission believes that a Development Site Plan should be completed
22 in a reasonable period of time; and,
23 WHEREAS, the Land Bank Commission recommends the Development Site Plan timeframe be
24 reduced to prevent delay in returning vacant, abandoned, and underutilized properties into productive
25 community assets; and,
26 WHEREAS, the Land Bank Commission recommends that the completion of a Development Site
27 Plan be reduced to one (1) -year from the date the Plan is approved by the Board of Directors, with an
28 additional six (6) months extension option;
29 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE
30 CITY OF LITTLE ROCK, ARKANSAS:
31 Section 1. Little Rock, Ark., Rev. Code § 2- 330.41 (a) (1988) shall be amended to read as
32 follows:
33 Section 8. Tmmeframe jor Completion of the Development Site Plan.
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(a) Unless expressly authorized by the City Board of Directors, upon recommendation of
the Commission, any approved Development Site Plan shall be completed within one
(1) -year from the date approval of the Plan is granted.
(b) If the developer has made substantial progress toward completion of the Development
Site Plan, the Commission may approve an extension of time for development, not to
exceed six (6) months from the date the Plan expires.
Section 2. Severability. In the event any section, subsection, subdivision, paragraph,
subparagraph, item, sentence, clause, phrase, or word of this ordinance is declared or adjudged to be
invalid or unconstitutional, such declaration or adjudication shall not affect the remaining provisions of
this ordinance, as if such invalid or unconstitutional provision were not originally a part of this
ordinance.
Section 3. Repealer. All ordinances, resolutions, bylaws, and other matters inconsistent with this
ordinance are hereby repealed to the extent of such inconsistency.
DATE: August 21, 2012
ATTES�— APPROVED:
ity Clerk
AS TO LEGAL FORM:
I. P( NW
Thomas M. Carpenter, City Att r, ►ey
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Mark Stodola,
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