136672013025672 Received: 4/5/2013 3:09:35 PM
Recorded: 04105/2013 03:16:49 PM Filed &
Recorded in Official Records of Larry Crane,
1 RESOLUTION NO. 13,667: es s SKI 0.00OUNTY CIRCUIT /COUNTY CLERK
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4 A RESOLUTION TO ACCEPT TITLE TO PROPERTY DONATED TO
5 THE CITY OF LITTLE ROCK BY SPECIAL WARRANTY DEED, TO BE
6 USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS; AND
7 FOR OTHER PURPOSES.
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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, National Bank of Arkansas, by and through its duly authorized officer, President Jim
16 Renk, has indicated its desire to donate to the City of Little Rock the property located at 808 Brown
17 Street, Little Rock, Arkansas, 72204; and,
18 WHEREAS, the City wishes to accept the property for use in its neighborhood revitalization efforts;
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20 WHEREAS, the City has obtained a full title search which revealed valid title to the property and no
21 significant title issues; and,
22 WHEREAS, the City has performed an environmental assessment of the property pursuant to 24
23 C.F.R. § 58, et seq. (2003), which revealed no environmental problems; and,
24 WHEREAS, the parcel is a 9,800 square -foot lot with no structure located within the Land Bank's
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Focus Area; and,
WHEREAS, National Bank of Arkansas has paid the 2012 Real Estate Taxes for the property in full;
and,
WHEREAS, in consideration for the donation of the property for the public purpose of neighborhood
revitalization, the City will release the one (1) outstanding City lien fled against the property in the
amount of $959.62; and,
WHEREAS, State law requires that the City accept property by resolution adopted by the Board of
Directors;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
OF LITTLE ROCK, ARKANSAS:
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OOUNT1.
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Section 1. The Board of Directors hereby adopts this Resolution to accept title to the property located
at 808 Brown Street which has been offered as a donation to the City of Little Rock.
Section 2. The property shall be used for a public purpose, specifically for City revitalization
programs.
Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
ordinance.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
the provisions of this resolution are hereby repealed to the extent of such inconsistency.
ADOPTED: April 2, 2013
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City Clerk
k TO LEGAL FORM:
Thomas M. Carpen er, City At rney
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