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Home My WebLink About14439 1 RESOLUTION NO. 14,439 2 3 A RESOLUTION TO ACCEPT TITLE TO PROPERTY DONATED TO 4 THE CITY OF LITTLE ROCK, ARKANSAS, BY QUITCLAIM DEED, TO 5 BE USED FOR NEIGHBORHOOD REVITALIZATION PROGRAMS; 6 AND FOR OTHER PURPOSES. 7 8 WHEREAS, the Board of Directors has stated as one of its goals a desire to provide for 9 neighborhood revitalization, and has taken special efforts to accomplish this goal through its use of 10 various City and Federal Funds, and in affirmative actions such as the creation of a Land Bank 11 Commission; and, 12 WHEREAS, in order to accomplish this goal is it required that properties be obtained by the City in 13 areas that are appropriate for revitalization; and, 14 WHEREAS, Mike Ashcraft, managing member of Equity Properties, LLC, & Star Properties, LLC, 15 & Downtown Little tt e Rock Properties,p s, LLC, has indicated his desire to donate to the City of Little Rock 16 properties located at 1520 South Oak Street; 1719 South Cedar Street; 1515 South Pine Street; and 1601 17 South Elm Street; and 18 WHEREAS, the City wishes to accept the properties for use in its neighborhood revitalization 19 efforts;and, 20 WHEREAS, City Staff has conducted a title search of the properties which revealed valid title to the 21 property and no significant title issues; and, 22 WHEREAS, the City has performed an environmental assessment of the properties pursuant to 24 23 C.F.R. § 58, et seq. (2003),which revealed no environmental problems; and, 24 WHEREAS, in consideration for the donation of the properties for the public purpose of 25 neighborhood revitalization,the City has not agreed to pay property taxes;and, 26 WHEREAS, Mr. Mike Ashcraft has provided the City with a Quitclaim Deed to the properties, a 27 copy of which is attached as Exhibit A; and, Exhibit B; and, Exhibit C; and Exhibit D 28 WHEREAS, State Law requires that the City accept the properties by resolution adopted by the 29 Board of Directors; 30 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 31 OF LITTLE ROCK,ARKANSAS: 32 Section 1. The Board of Directors hereby accepts the quitclaim deed to the properties described in 33 Exhibit A, Exhibit B, Exhibit C& Exhibit D in favor of the City of Little Rock. [Page 1 of 10] 1 Section 2. The properties shall be used for a public purpose, specifically for City Revitalization 2 Programs. 3 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 4 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 5 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 6 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 7 ordinance. 8 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with 9 the provisions of this resolution are hereby repealed to the extent of such inconsistency. 10 ADOPTED: November 1,2016 11 ATTE7 APPROVED: �) 12 • � y 13 ��i` ;��2 14 *-111.11111% gle ity Clerk Mark Stodola, a or 15 AP;RO D AS TO LEGAL FORM: 16 i 17 --- 18 Thomas M.Carpenter',P , Attor •Y 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // (Page 2 of 10] 1 EXHIBIT A 3 4 Prepared By: 5 City of Little Rock 6 500 W. Markham 7 Little Rock,AR 72201 8 Representative: 9 Doug Tapp 10 Redevelopment Administrator 11 12 13 WARRANTY DEED 14 (Donation by Corporation) 15 16 KNOW ALL MEN BY THESE PRESENTS THAT: 17 18 Equity Properties, LLC, by and through its Managing Member, Mike Ashcraft Jr., 19 GRANTOR,for and in consideration of the sum of Ten Dollars ($10.00) and other good valuable 20 consideration paid by the CITY OF LITTLE ROCK,ARKANSAS,a municipal corporation, 21 GRANTEE,the receipt of which is hereby acknowledged, does hereby grant, convey and warranty unto 22 the Grantee, and unto its heirs and assigns forever,the following described lands in the County of 23 Pulaski,State of Arkansas: 24 25 Lot 8, Block 2,Cedar Heights Subdivision to the City of Little Rock, Pulaski 26 County,Arkansas, more commonly known as 1719 S.Cedar Street, Little Rock, 27 Arkansas 72204(Parcel No. 34L1630002000) 28 29 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever,with all 30 tenements,appurtenances, and hereditaments thereunto belonging. 31 32 Equity Properties, LLC, hereby releases and relinquishes unto the Grantee, and unto its heirs 33 and assigns forever, all rights and possibility of curtsey, dower, and homestead in and to such lands. 34 35 WITNESS, my hand and seal the day of 2016. 36 37 38 Equity Properties, LLC, GRANTOR 39 40 41 42 By: Mike Ashcraft,Jr. 43 Managing Member of Equity Properties, LLC 44 12 Chad Court 45 North Little Rock, Arkansas 72118 46 47 City of Little Rock, GRANTEE 48 500 W. Markham, Ste. 120W [Page 3 of 10] 1 Little Rock, Arkansas 72201 2 3 4 • By: Mayor Mark Stodola 5 City of Little Rock 6 7 8 DOCUMENTARY TAX STATEMENT 9 10 I certify under penalty of false swearing that the legally correct amount of documentary stamps 11 have been placed on this instrument. (If none shown, exempt or no consideration paid.) 12 13 14 City of Little Rock 15 500 W. Markham 16 Little Rock, Arkansas 72201 17 18 19 By: Doug Tapp 20 Redevelopment Administrator 21 22 23 ACKNOWLEDGEMENT 24 25 STATE OF ARKANSAS) 26 )SS 27 COUNTY OF PULASKI) 28 29 On this day came before me, the undersigned, a notary public within and for the county and 30 state aforesaid, duly commissioned and acting personally appeared, Mike Ashcraft, Jr., Managing 31 Member of Equity Properties, LLC, duly authorized to act on behalf of Equity Properties, LLC, known to 32 me as the Grantor in the foregoing Deed, and acknowledged that he has executed the same for the 33 consideration and purposes therein mentioned and set forth. 34 35 WITNESS my hand and seal as such notary public this day of ,2016 36 37 38 39 40 Notary Public 41 42 My Commission expires: 43 44 [Page 4 of 10] 1 Exhibit B 2 Prepared By: 3 City of Little Rock 4 500 W. Markham 5 Little Rock,AR 72201 6 Representative: 7 Doug Tapp 8 Redevelopment Administrator 9 10 11 WARRANTY DEED 12 (Donation by Corporation) • 13 14 KNOW ALL MEN BY THESE PRESENTS THAT: 15 16 Star Properties, byand p LLC, through ough its Managing Member, Mike Ashcraft Jr., 17 GRANTOR,for and in consideration of the sum of Ten Dollars($10.00) and other good valuable 18 consideration paid by the CITY OF LITTLE ROCK,ARKANSAS,a municipal corporation, 19 GRANTEE,the receipt of which is hereby acknowledged, does hereby grant,convey and warranty unto 20 the Grantee, and unto its heirs and assigns forever,the following described lands in the County of 21 Pulaski,State of Arkansas: 22 23 Lot 8, Block 15,Worthen W B Subdivision to the City of Little Rock, Pulaski 24 County,Arkansas, more commonly known as 1520 S.Oak, Little Rock, 25 Arkansas 72204(Parcel No. 3411600015800) 26 27 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all 28 tenements,appurtenances, and hereditaments thereunto belonging. 29 30 Equity Properties, LLC, hereby releases and relinquishes unto the Grantee, and unto its heirs 31 and assigns forever, all rights and possibility of curtsey, dower, and homestead in and to such lands. 32 33 WITNESS, my hand and seal the day of 2016. 34 35 36 Star Properties, LLC, GRANTOR 37 38 39 40 By: Mike Ashcraft,Jr. 41 Managing Member of Star Properties, LLC 42 PO Box 30712 43 Little Rock,Arkansas 72206 44 45 City of Little Rock, GRANTEE 46 500 W. Markham, Ste. 120W [Page 5 of 10] 1 Little Rock, Arkansas 72201 2 3 4 By: Mayor Mark Stodola 5 City of Little Rock 6 7 8 DOCUMENTARY TAX STATEMENT 9 10 I certify under penalty of false swearing that the legally correct amount of documentary stamps 11 have been placed on this instrument. (If none shown,exempt or no consideration paid.) 12 13 14 City of Little Rock 15 500 W. Markham 16 Little Rock, Arkansas 72201 17 18 19 By: Doug Tapp 20 Redevelopment Administrator 21 22 23 ACKNOWLEDGEMENT 24 25 STATE OF ARKANSAS) 26 )SS 27 COUNTY OF PULASKI) 28 29 On this day came before me, the undersigned, a notary public within and for the county and 30 state aforesaid, duly commissioned and acting personally appeared, Mike Ashcraft, Jr., Managing 31 Member of Star Properties, LLC, duly authorized to act on behalf of Star Properties, LLC, known to me 32 as the Grantor in the foregoing Deed, and acknowledged that he has executed the same for the 33 consideration and purposes therein mentioned and set forth. 34 35 WITNESS my hand and seal as such notary public this day of ,2016 36 37 38 39 40 Notary Public 41 42 43 My Commission expires: 44 45 [Page 6 of 101 1 Exhibit C 2 Prepared By: 3 City of Little Rock 4 500 W. Markham 5 Little Rock,AR 72201 6 Representative: 7 Doug Tapp 8 Redevelopment Administrator 9 10 11 WARRANTY DEED 12 (Donation by Corporation) 13 14 KNOW ALL MEN BY THESE PRESENTS THAT: 15 16 Downtown Little Rock Properties, LLC, by and through its Managing Member, Mike Ashcraft Jr., 17 GRANTOR,for and in consideration of the sum of Ten Dollars($10.00) and other good valuable 18 consideration paid by the CITY OF LITTLE ROCK,ARKANSAS,a municipal corporation, 19 GRANTEE,the receipt of which is hereby acknowledged, does hereby grant, convey and warranty unto 20 the Grantee, and unto its heirs and assigns forever,the following described lands in the County of 21 Pulaski,State of Arkansas: 22 23 Lot 4, Block 15,Worthen W B Subdivision to the City of Little Rock, Pulaski 24 County,Arkansas, more commonly known as 1515 S. Pine Street, Little Rock, 25 Arkansas 72204(Parcel No. 3411600015300) 26 27 To have and to hold the same unto the Grantee and unto its heirs,and assigns forever,with all 28 tenements,appurtenances, and hereditaments thereunto belonging. 29 30 Downtown Little Rock Properties, LLC, hereby releases and relinquishes unto the Grantee, and 31 unto its heirs and assigns forever,all 'rights and possibility of curtsey, dower, and homestead in and to 32 such lands. 33 34 WITNESS, my hand and seal the day of 2016. 35 36 37 Downtown Little Rock Properties, LLC, GRANTOR 38 39 40 41 By: Mike Ashcraft,Jr. 42 Managing Member of Downtown Little Rock 43 Properties, LLC 44 PO Box 1534 45 North Little Rock,Arkansas 72115 46 [Page 7 of 10] 1 2 City of Little Rock, GRANTEE 3 500 W. Markham, Ste. 120W 4 Little Rock,Arkansas 72201 5 6 7 By: Mayor Mark Stodola 8 City of Little Rock 9 10 11 DOCUMENTARY TAX STATEMENT 12 13 I certify under penalty of false swearing that the legally correct amount of documentary stamps 14 have been placed on this instrument. (If none shown, exempt or no consideration paid.) 15 16 17 City of Little Rock 18 500 W. Markham 19 Little Rock,Arkansas 72201 20 21 22 By: Doug Tapp 23 Redevelopment Administrator 24 25 26 ACKNOWLEDGEMENT 27 28 STATE OF ARKANSAS) 29 )SS 30 COUNTY OF PULASKI) 31 32 On this day came before me, the undersigned, a notary public within and for the county and 33 state aforesaid, duly commissioned and acting personally appeared, Mike Ashcraft, Jr., Managing 34 Member of Downtown Little Rock Properties, LLC, duly authorized to act on behalf of Downtown Little 35 Rock Properties, LLC, known to me as the Grantor in the foregoing Deed, and acknowledged that he has 36 executed the same for the consideration and purposes therein mentioned and set forth. 37 38 WITNESS my hand and seal as such notary public this day of ,2016 39 40 41 42 Notary Public 43 44 My Commission expires: 45 [Page 8 of 10] 1 Exhibit D 2 Prepared By: 3 City of Little Rock 4 500 W. Markham 5 Little Rock,AR 72201 6 Representative: 7 Doug Tapp 8 Redevelopment Administrator 9 10 11 WARRANTY DEED 12 (Donation by Corporation) 13 14 KNOW ALL MEN BY THESE PRESENTS THAT: 15 16 Star Properties, LLC, by and through its Managing Member, Mike Ashcraft Jr., 17 GRANTOR,for and in consideration of the sum of Ten Dollars($10.00) and other good valuable 18 consideration paid by the CITY OF LITTLE ROCK,ARKANSAS,a municipal corporation, 19 GRANTEE,the receipt of which is hereby acknowledged, does hereby grant, convey and warranty unto 20 the Grantee, and unto its heirs and assigns forever,the following described lands in the County of 21 Pulaski,State of Arkansas: 22 23 Lot 1, Block 8, Braddocks Subdivision to the City of Little Rock, Pulaski 24 County,Arkansas, more commonly known as 1601 S. Elm St., Little Rock, 25 Arkansas 72204(Parcel No. 3411570009200) 26 27 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever,with all 28 tenements, appurtenances, and hereditaments thereunto belonging. 29 30 Equity Properties, LLC, hereby releases and relinquishes unto the Grantee, and unto its heirs 31 and assigns forever, all rights and possibility of curtsey, dower, and homestead in and to such lands. 32 33 WITNESS, my hand and seal the day of 2016. 34 35 36 Star Properties, LLC, GRANTOR 37 38 39 40 By: Mike Ashcraft,Jr. 41 Managing Member of Star Properties, LLC 42 PO Box 30712 43 Little Rock,Arkansas 72206 44 • 45 City of Little Rock, GRANTEE 46 500 W. Markham, Ste. 120W [Page 9 of 10] 1 Little Rock, Arkansas 72201 •2 3 4 By: Mayor Mark Stodola 5 City of Little Rock 6 7 8 DOCUMENTARY TAX STATEMENT 9 10 I certify under penalty of false swearing that the legally correct amount of documentary stamps 11 have been placed on this instrument. (If none shown,exempt or no consideration paid.) 12 13 14 City of Little Rock 15 500 W. Markham 16 Little Rock, Arkansas 72201 17 18 19 By: Doug Tapp 20 Redevelopment Administrator 21 22 23 ACKNOWLEDGEMENT 24 25 STATE OF ARKANSAS) 26 )SS 27 COUNTY OF PULASKI) 28 29 On this day came before me, the undersigned, a notary public within and for the county and 30 state aforesaid, duly commissioned and acting personally appeared, Mike Ashcraft, Jr., Managing 31 Member of Star Properties, LLC, duly authorized to act on behalf of Star Properties, LLC, known to me 32 as the Grantor in the foregoing Deed, and acknowledged that he has executed the same for the 33 consideration and purposes therein mentioned and set forth. 34 35 WITNESS my hand and seal as such notary public this day of ,2016 36 37 38 39 40 41 Notary Public 42 43 44 45 My Commission expires: [Page 10 of 10]