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RESOLUTION NO. 6 , 688
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A WARRANTY DEED IN FAVOR OF ARKLA INDUSTRIES ,
INC. PURSUANT TO AN OFFER AND ACCEPTANCE ENTERED INTO
BY THE LITTLE ROCK PORT AUTHORITY AND THE SAID ARKLA
INDUSTRIES , INC. DATED OCTOBER 26 , 1981, AND ACCEPTED
OCTOBER 27 , 1981, AS TO TRACT F AREA 101 OF THE LITTLE
ROCK PORT INDUSTRIAL PARK, SAID DEED TO CONVEY SAID LAND
AS DESCRIBED HEREIN AND TO BE DELIVERED UPON PAYMENT OF
THE TOTAL AMOUNT OF THE PURCHASE PRICE; AND FOR OTHER
PURPOSES.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS .
SECTION 1. Arkla Industries , Inc. has offered to purchase
approximately 22. 18 acres of land described as Tract F Area 101
in the Little Rock Port Industrial Park pursuant to an Offer and
Acceptance Agreement dated October 26 , 1981, and accepted by the
Little Rock Port Authority on October 27 , 1981. The tract of land
under consideration is more particularly described as follows :
Tract F Area 101, Little Rock Port Industrial
Park, described as follows :
A tract of land situated in the W 1/2 , SE 1/4, Section 16,
Township 1 North, Range 11 West of the Fifth Principal
Meridian, City of Little Rock, Pulaski County , Arkansas ,
being more particularly described as follows :
Commencing at the Southwest Corner of the SE 1/4 SE 1/4,
Section 16 , Township 1 North, Range 11 West of the Fifth
Principal Meridian; then N 01° 30' 52" E, along the West
line of the SE 1/4 SE 1/4 of said Section 16 , 809 . 63 feet ;
thence N 88° 29 ' 08" W, 96. 50 feet to a point on the West
right-of-way line of Fourche Dam Pike , said point also
being the Point of Beginning; thence N 88° 46' 58" W,
916. 07 feet ; thence N 08° 10' 35" E, 1169 . 15 feet to a
point on the South right-of-way line of Lindsey Road;
thence along said South right-of-way line of Lindsey
Road, N 74° 52' 22" E , 680. 27 feet ; thence continuing
along said South right-of-way line along a curve to the
right , said curve having a radius of 100. 00 feet and a
chord bearing and distance of S 51° 48' 23" E , 160. 40 feet
to a point on the West right-of-way line of Fourche Dam
Pike; thence continuing along said West right-of-way line ,
S 01° 30' 52" W, 1255 . 51 feet to the Point of Beginning,
and containing 24. 56 total acres and 22. 18 net acres ,
more or less .
SECTION 2. As per the terms of the Offer and Acceptance Agree-
ment , Arkla Industries , Inc. has offered to pay the sum of $388,150. 00
for the property , above described.
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SECTION 3. The Board of Directors of the City of Little Rock
hereby approves the sale of the property described herein to Arkla
Industries , Inc. , and the Mayor is hereby authorized and directed to
execute for and on behalf of the City of Little Rock a Warranty Deed
conveying said property to Arkla Industries , Inc. , and the City Clerk
is hereby authorized and directed to attest said Deed and to deliver
same to the office of the City Attorney for delivery of same to Arkla
Industries , Inc. upon full payment of consideration in the sum of
$388,150. 00
SECTION 4. This Resolution shall be in full force and effect
from the date of its adoption.
ADOPTED: November 3 , 1981
ATTEST: 4F 6,,d) APPROVED:
City Clerk Mayor