13696 2013038817 Received: 5/24/2013 10:00:16 AM
Recorded: 05/24/2013 10:10:52 AM Filed Crane,
Recorded in Official Records of Larry
PULASKI COUNTY CIRCUIT/COUNTY CLERK
1 RESOLUTION NO. 13 $20.00
2
3
4 A RESOLUTION TO AUTHORIZE THE PURCHASE OF A PROPERTY
5 OFFERED FOR SALE TO THE CITY OF LITTLE ROCK, ARKANSAS,
6 TO BE USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS;
7 AND FOR OTHER PURPOSES.
8
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, the Land Bank Commission has identified a parcel of property within the Land Bank
16 Focus Area located at 1524 South Martin Street, Little Rock, Arkansas, which can be used to fulfill the
17 City's stated goals; and,
18 WHEREAS,the parcel is a 11,250 square-foot vacant lot with no structure; and,
19 WHEREAS, City Staff has obtained a full title search on the property which revealed valid title and
20 no significant title issues; and,
21 WHEREAS, City staff has performed an environmental assessment of the property pursuant to 24
22 C.F.R. § 58, et seq. (2003), which revealed no environmental problems; and,
23 WHEREAS, an appraisal was obtained from Lasley Appraisal and Valuation which valued the
24 property at$5,800.00; and,
25 WHEREAS, the owner of the property has agreed to sell the property for the purcha Rr
26 $4,000.00; and, v . '
27 WHEREAS,the owner of the property paid the 2012 Real Estate Taxes in full; and,
28 WHEREAS,there are no outstanding City liens against the property; and, i ►-:!�����
•
29 WHEREAS, funds to pay the purchase price are available in the Land Bank's General Fund Pt n or
y NS, ,
30 No. S35A129;and,
31 WHEREAS, pursuant to State law the City must obtain authority to purchase property by a
32 resolution adopted by the Board of Directors;
33 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
34 OF LITTLE ROCK,ARKANSAS:
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1 Section 1. Pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010), the Board of Directors
2 hereby adopts this resolution to authorize the purchase and accept title to the property located at 1524
3 South Martin Street, Little Rock, Arkansas.
4 Section 2. The Board of Directors, pursuant to Ark. Code Ann. § 14-54-302(c) (West Supp. 2010),
5 hereby authorizes the Mayor and City Clerk to execute any documents necessary to complete the
6 purchase of the property.
7 Section 3. Once acquired, this property shall be used for a public purpose, specifically for City
8 neighborhood revitalization programs.
9 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
10 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
11 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
12 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
13 ordinance.
14 Section 5. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
15 the provisions of this resolution are hereby repealed to the extent of such inconsistency.
16 ADOPTED: May 21,2013
17 ATTEST: APPROVED:
18 i / /19 / ,,
20 /Stir :n: • City Clerk Mark Stodola,Mayor
21 AP'of ED AS TO LEGAL FORM:
22 /
23 C k.0 .-7 /A/1 (7.4.44Y44-..
24 Thomas M. Carpen(ei City At o ney
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