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11750ORDINANCE NO. 111750 AN ORDINANCE APPROPRIATING TWO HUNDRED FORTY-(N E THOUSAND AND SEVEN HUNDRED ($241,700.00) FOR RIGHT-OF-WAY FOR WEST THIRD STREET RELOCATION, SAME BEING 1916% CAPIT&L I24PROVEMENT PROJECT 571 PROVIDING FOR ACQUISITION OF CERTAIN PARCELS OF LAND1 AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY 0 rn OF LITTLE ROCK, ARKANSAS. SECTION 1. The City Manager is hereby authorized and directed to acquire certain parcels of land within the pro - co posed West Third Street relocation as hereinafter identified by number. Each parcel shall be acquired for the price bhereinafter set forth opposite the parcel number, which price 0 represents the approved appraisal of said parcel. If more A b than one parcel shall be of common ownership, said parcels 0 vmay be grouped for purposes appraisal and purchase. The A full legal description of each parcel and the approved appraisal are now, and shall hereafter remain on file in the office of the Real Estate Department of the City of Little Rock, Arkansas. SECTION 2. The parcels which the City Manager is hereby authorized to acquire and the approved appraisal and purchase price thereof are as follows: PARCEL NUMBER a. C65- S -57 -1 b. C65- S -57 -4 c. C65- S -57 -8 d. C65- S -57 -11 e. C65- S -57 -15 f. C65- S -57 -16 g. C65- S -57 -18 h. C65- S -57 -19 i. C65- S -57 -20 j. C65- S -57 -21 k. C65- S -57 -23 & 24 :APPROVED PURCHASE PRICE $10,800.00 67,000.00 19,250.00 1,800.00 38,000.00 4,850.00 3,200.00 2,650.00 14,500.00 250.00 42,000.00 -2- SECTION 3. The following parcels, treated in like manner as those contained in Section 2 above but in connection with which there are two alternative appraisals, one being for a taking of the whole tract and the other for a taking of a part of the whole tract (being that part needed for right-of-way) and in connection with which the appraisals are substantially the same, may be acquired by the City Manager by either a purchase of the whole or the partial tract at a price not to exceed the respective appraisal sums as follows: Parcel Number a. C65- S -57 -10 b. C65- S -57 -12 c. C65- S -57 -17 d. C65- S -57 -25 Appraised Value of Whole Property $ 3,500.00 14,000.00 13,200.00 6,700.00 Appraised Value of Actual Right -of -Way Plus Damages $ 3,000.00 12,000.00 12,900.00 6,150.00 SECTION 4. There is hereby appropriated the sum of Two Hundred Forty -One Thousand and Seven Hundred Dollars ($241,700.00) from the 1965 Capital Improvement Bond Funds to Project 57 for the purpose set forth in the above sections hereof. SECTION 5. It is hereby found by the Board of Directors of the City of Little Rock that traffic conditions in the Double S Curve from West Third Street to West Markham Street in the City of Little Rock are dangerous to the life and property of its citizens, that the streets connecting West Third and West Markham Streets should be straightened and that this ordinance is necessary to provide for the immediate acquisition of right - of -way for such purposesi lhat the price established for the -3- parcels to be acquired is advantageous to the City of Little Rock and acquisition of said parcels should be made immediately, now therefore, an emergency is declared to exist and this ordinance being necessary for the preservance of public peace, health, and safety, shall be in full force and effect from and after its passage and approval. PASSED: June 6, 1966 ATTEST:��,.�,c, Nee APPROVED City Clerk Mayor