1986 RESOLUTION NO. 1986
A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO ACCEPT THE SUM
OF $24,000.00 LESS $300.00 COSTS FOR APPRAISERS FOR CERTAIN
PROPERTY OWNED B1 THE CITY OF LITTLE ROCK AND CONDEMNED BY
THE LITTLE ROCK SCHOOL DISTRICT FOR SCHOOL PURPOSES ; PROVIDING
FOR THE RE-BURIAL OF BODIES IN CERTAIN PORTIONS OF SAID PRO-
PERTY LOCATRD IN FRATERNAL CEMETERY; AND FOR OTHER PURPOSES.
WHEREAS Little Rock School District has instituted
a suit in the Pulaski Circuit Court against the City of
Little Rock and the Board of Commissioners of Fraternal
Cemetery for the purpose of acquiring title to the following
described real property, to-wit:
All that part of the Southwest Quarter of the
Southeast Quarter (SW4 SE4) of Section 11,
Township 1 North, Range 12 West, Pulaski County,
Arkansas, described as follows: Commencing at a
point where the north boundary line of East Roosevelt
Road intersects the west line of said SW4 of SE4,
and running thence North along the west line of said
SW4 of SE4 150 feet ; thence East 570 feet; thence
South 450 feet to the north boundary line of East
Roosevelt Road; and thence West along the north
boundary line of East Roosevelt Road to point of
beginning,
and
WHEREAS, 0. D. Longstreth, Jr. , City Attorney, in order
to ascertain the value of the property agreed to arbitration by
three Little Rock real estate brokers; and
WHEREAS, W. E. Porterfield, Jack R. Tucker and E. A.
McCaskill acted as arbitrators and fixed the value of the
property at 324,000; and
WHEREAS, Little Rock School District has accepted the
figure of 324,000 as being the fair market value of the property3
NOW, THEREFORE, BE IT RESOLVED, That 0. D. Longstreth, Jr. ,
as City Attorney of the City of Little Rock be, and he is hereby
authorized to accept such figure as being the fair market value
of the property involved in said suit, and that he be authorized
to consent to a judgment vesting the title to said property in
Little Rock School District upon condition that Little Rock
School District take the said property with notice that a portion
of it has been used by Fraternal Cemetery for burial purposes and
that it will, at its expense, remove the bodies buried within
the boundaries of said property and rebury them in that portion
of Fraternal Cemetery which will be designated by the Commissioners
of said Fraternal Cemetery, the removal and reburial to be done
in accordance with the directions given by said Commissioners;
and upon the further condition that Little Rock School District
will save the City of Little Rock harmless against all claims, if
any, arising from the removal of the bodies, as aforesaid.
BE IT FURTHER RESOLVED That said 0. D. Longstreth, Jr. ,
as City Attorney of the City of Little Rock, be authorized to
agree that out of the moneys deposited in the registry of the
court by Little Rock School District for the benefit of City of
Little Rock or Commissioners of Fraternal Cemetery there shall
be deducted and paid to the said W. E. Porterfield, Jack R.
Tucker and E. A. McCaskill the sum of 3100 each for their ser-
vices in appraising the value of said property.
ADOPTED: November 23 , 1953
ATTEST: ( APPROVED: 1344:111t
City Clerk Mayor