10844�t
ORDINANCE NO. 10,844
AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND
CITY CLERK TO EXECUTE AND GRANT AN OPTION TO THE
ARKANSAS STATE HIGHWAY DEPARTMENT TO PURCHASE CERTAIN
PROPERTY LOCATED IN THE CITY OF LITTLE ROCK, ARKANSAS;
REPEALING ORDINANCE NO. 10,830; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
SECTION 1. The Mayor and City Clerk are hereby authorized
and directed to execute and grant an option to the Arkansas
State Highway Department to purchase certain property located
in the City of Little Rock, Arkansas, which option shall be
in form and words as follows:
4-f- 5
I
Tract No. 219 -
Job No. 659-0
REAL ESTATE OPTION
Grantor: City of Little Rock Address: Little Rock, Arkansas
Grantee: ARKANSAS STATE HIGHWAY COMMISSION
IN CONSIDERATION of the benefits that will inure to the grantor
and /or to the public we, the undersigned, hereby give and grant to
the State of Arkansas, by and through the Arkansas State Highway
Commission, upon the terms and conditions hereinafter stated, the
option to buy the following described real estate, situated in the
County of Pulaski, State of Arkansas, to -wit:
Part of Lots 3 and 4, Block 4, Stevenson's Addition to the
City of Little Rock, Arkansas, and more particularly
described as follows:
Starting at the northwest corner of said Lot 3; thence South
810 07' East along the north line of said Lot 3 a distance
of 2.8 feet to the point of beginning; thence continue South
81007' East a distance of 78.2 feet to a point on the north
line of said Lot 4; thence South 070 43' West a distance of
149.7 feet to a point on the South line of said Lot 4; thence
North 810 07' West a distance of 50.47 feet to a point on the
south line of said Lot 3; thence North 020 18' West along the
west right of way line for the proposed Little Rock Espressway
a distance of 152.1 feet to the point of beginning and con-
taining 9,640 square feet.
The said Commission shall have the irrevocable right to exercise
and close this option at any time within 90 days from date; and
we agree to deliver to the said Commission a good warranty deed
conveying good and merchantable title to said real estate, and to
furnish and deliver to the said Commission, at its place of business
located in the Right -of -Way Division in the Highway Building, State
Capitol Grounds, Little Rock, Arkansas, an abstract showing good and
merchantable title. It is agreed that if, within the time above
specified, the said Commission shall declare its intention to exercise
this option of right to purchase the said land, the grantor will
deliver the said warranty deed to and receive payment hereunder from
the said Commission at its place of business as hereinabove specified.
Unless stated to the contrary herein the conveyance shall include
buildings, improvements and appurtenances to the land described. Upon
delivery of said deed and the clearing of title satisfactory to the
said Commission, the Grantor will be paid the sum of Seventy -Six
Thousand Five Hundred One and No /100 Dollars ($76,501.00) as full
payment of the purchase price of said real estate including all damages,
if any, and all damages, if any, t6 the remaining land of the grantor
by reason of the taking and use thereof, provided that it is expressly
understood that the said Commission shall not be obligated further
unless stated herein, to -wit:
It is understood and agreed that the approved appraisal offering
for the land herein described and all buildings, improvements and
appurtenances to said land is Seventy -Seven Thousand Three Hundred
and No /100 Dollars ($77,300.00). It is further mutually understood
and agreed that the Grantor is purchasing the following fixtures and
salvage materials in and attached to improvements on said land for
the sum of Seven Hundred Ninety -Nine and No /100 Dollars ($799.00),
which amount is to be deducted from the appraisal offering leaving
a total consideration to be paid to Grantor in the sum of Seventy -
Six Thousand Five Hundred One and No /100 Dollars ($76,501.00):
ESTIMATED VALUE OF USED MATERIALS AND FIXTURES LISTED BELOW: ESTIMATED SALVAGE
VALUE OF MATERIALS
4
3x6 -8 Panel Doors & Hardware
$10.00
Each
$ 40.00
$ 15.00
3
2 -8x6 -8 Panel Doors & Hardware
8.00
Each
24.00
8.00
2
2 -4x6 -8 Panel Doors & Hardware
5.00
Each
10.00
2.50
3
2 -4x6 -8 Panel Doors & Hardware
6.00
Each
18.00
4.50
2
3x6 -8 Outside Metal Doors & Hard-
ware
15.00
Each
30.00
7.50
2
15x9xl2 Overhead Doors & Tracks
300.00
Each
600.00
200.00
25
4x3 -10 Metal Windows
10.00
Each
250.00
75.00
7
2 -8x68 Screen Doors
5.00
Each
35.00
10.00
3
Commodes & Flush Valves
25.00
Each
75.00
20.00
4
Wash Basin (Lavatorys & Hardware)20.00
Each
80.00
20.00
1
Large Mop Sink & Hardware
40.00
40.00
10.00
2
Paper Towel Holders
2.00
2.00
1.00
1
Attic Fan
30.00
30.00
8.00
2
Overhead heaters and Honeywall
Thermostat
300.00
85.00
5
Wall Gas heaters
30.00
Each
150.00
37.00
1
57 11x 45" Metal Partition
10.00
5.00
2
Shower Heads
2.50
Each
5.00
1.00
23
Recessed Ceiling Light Fixtures
5.00
Each
115.00
25.00
12
Shaded Ceiling Light Fixtures
2.00
Each
24.00
5.00
3
Bath Room Light Fixtures
2.00
Each
6.00
1.50
1
Pull Light Fixtures
2.00
Each
2.00
.50
11
Door Checks
55.00
15.00
12
Venetian Blinds
100.00
25.00
1
Large Mirror
20.00
5.00
1
40 Gallon Hot Water Heater
75.00
20.00
1
Electric Water Cooler
80.00
20.00
2
Electric Clocks
20.00
5.00
1
Hose Rack
100.00
25.00
21
Wall Light Receptacles
40.00
10.00
4
Trandoor Bumpers
20.00
5.00
1
Double Kitchen Sink
25.00
10.00
1
Vent Hood (Cook Stove)
40.00
10.00
1
Fire Alarm Station Assembly
150.00
40.00
10
Light Switches
10.00
2.50
Assorted Gutter & Down Spouts
100.00
25.00
1
Wall Placque Fire Station Information
5.00
1.00
1
Tokemia Elec Gas Pump
100.00
39.00
20786.00
799.00
Grantor agrees to remove the above set forth items from the build-
ing and premises and to deliver possession of the described pro-
perty to Grantee on or before March 1, 1959. Further, the Grantor
is not to assume the responsibility to pay the cost of certifying
the abstract to said property to date nor the revenue stamps for
the deed.
It is understood and agreed that the warranty deed making the
conveyance of the property described shall contain provisions sub-
stantially as follows, to -wit:
"This conveyance is made for the purpose of a controlled
access highway facility and the Grantor releases and re-
f
linquishes to the Grantee all abutter's existing, future
and potential common law or statutory rights of access
between the main thoroughfare of such highway facility and
the Grantor's remaining abutting and contiguous land except
that there is reserved and excepted to Grantor, its heirs
and assigns, the right of direct access, as prescribed and
limited by the regulations and policies of the Arkansas State
Highway Commission to any adjacent frontage road if established
and while it may be maintained by proper authority in front
of said land; provided that such policies and regulations shall
not prohibit entry onto the frontage road from the abutting
and adjoining lands, however, there shall be no right of direct
access from such frontage road to and from the nearest lane
of the thruway or main travelled roadwayp but such access shall
be only at interchange points as may be established and main-
tained by proper authority.
It is expressly intended that these covenants, burdens and
restrictions shall run with the land and shall forever bind
the Grantor, its heirs and assigns."
We further agree neither to sell nor encumber the said real
estate during the term of this option. In the event that any buildings,
fixtures, appurtenances, or other things are to pass to and become the
property of the State in connection with the real property herein
covered, we agree to keep the same in good condition without waste,
damage or destruction.
The State shall have the right to enter upon and take possession of
the said property upon the execution and delivery of this option, but
entry upon said premises for the purpose of inspection or survey or any
slight or inadvertent entry without material damage or injury to the
realty, or without the exercise of dominion thereover to the exclusion
of the undersigned, shall not be construed as a final election to close
this option. No statements, expressions of opinion, representations
or agreements of any nature whatsoever, not herein expressly stated,
made by any representative or agent of the State Highway Department
shall be binding on, or of any effect against, the State or the Arkansas
State Highway Commission.
All claims for damage, injury, or loss on account of failure to
close this option are, hereby, expressly waived.
DATED this
WITNESSES:
ADDRESS
ADDRESS
day of
, 19
(SEAL)
(SEAL)
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SECTION 2. Ordinance No. 10,830 and all other ordinances
and parts of ordinances in conflict herewith are hereby repealed.
SECTION 3. It has been determined that the lack of ade-
quate streets within the City of Little Rock, Arkansas, creates
a serious hazard to the flow of traffic within the said City;
and this ordinance will expedite the construction of a proposed
expressway and thereby reduce the hazard within the said City;
therefore, an emergency is hereby declared to exist and this
Ordinance being necessary for the preservation of public peace,
health and safety shall be in full force and effect from and
after its passage and approval.
PASSED: September 2, 1958
ATTEST: / APPROVED:
Cit Clerk o .
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