HomeMy WebLinkAbout14510 1 RESOLUTION NO. 14,510
2
3 A RESOLUTION TO ACCEPT TITLE TO PROPERTY DONATED TO
4 THE CITY OF LITTLE ROCK, ARKANSAS, BY WARRANTY 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, Central Bank has indicated their desire to donate to the City of Little Rock the property
15 located at 5118 West 31' Street; and,
16 WHEREAS, the City wishes to accept the property for use in its neighborhood revitalization efforts;
17 and,
18 WHEREAS, City Staff has conducted a title search of the property which revealed valid title to the
19 property and no significant title issues; and,
20 WHEREAS, the City has performed an environmental assessment of the property pursuant to 24
21 C.F.R. § 58,et seq. (2003), which revealed no environmental problems; and,
22 WHEREAS, in consideration for the donation of the property for the public purpose of neighborhood
23 revitalization,the City has not agreed to pay property taxes; and,
24 WHEREAS, Central Bank has provided the City with a Warranty Deed to the property a copy of
25 which is attached as Exhibit A;
26 WHEREAS, State Law requires that the City accept the property by resolution adopted by the Board
27 of Directors;
28 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
29 OF LITTLE ROCK,ARKANSAS:
30 Section 1. The Board of Directors hereby accepts the Warranty Deed to the property described in
31 Exhibit A, in favor of the City of Little Rock.
32 Section 2. The property shall be used for a public purpose, specifically for City revitalization
33 programs.
(Page 1 of 41
1 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
2 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
3 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
4 effect a if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
5 ordinance.
6 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with
7 the provisions of this resolution are hereby repealed to the extent of such inconsistency.
8 ADOPTED. ebruary 21,2017
9 A T " APPROVED:
10 ��4AN' /
11 I/i;e7b,, did/‘
12 ` san 1j, ,City Clerk Mark Stodola,Mayor
13 A' 'R• - AS TO LEGAL FORM:
14 /
15 Li-4-1..'"-D `ul,' . 1
16 Thomas M. Carpenter,City Atte e
17 //
18 //
19 //
20 //
21 //
22 //
23 //
24 //
25 //
26 //
27 //
28 //
29 //
30 //
31 //
32 //
33 //
34 //
35 //
[Page 2 of 41
1 EXHIBIT A
2
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 WARRANTY DEED
13 (Donation by Corporation)
14
15 KNOW ALL MEN BY THESE PRESENTS THAT:
16
17 Central Bank, GRANTOR,for and in consideration of the sum of Ten Dollars ($10.00) and other
18 good valuable 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 Lot 25, Block 3, Oakhurst Subdivision to the City of Little Rock, Pulaski
23 County, Arkansas, more commonly known as 5118 West 31'Street, Little Rock,
24 Arkansas 72204 (Parcel No. 34L3010006400)
25
26 To have and to hold the same unto the Grantee and unto its heirs, and assigns forever, with all
27 tenements, appurtenances, and hereditaments thereunto belonging.
28
29 Central Bank, hereby releases and relinquishes unto the Grantee, and unto its heirs and assigns
30 forever, all rights and possibility of curtsey, dower, and homestead in and to such lands.
31
32 WITNESS, my hand and seal the day of 2017.
33
34 City of Little Rock, GRANTEE Central Bank, LLC, GRANTOR
35 500 W. Markham, Ste. 120W
36 Little Rock, Arkansas 72201
37
38
39
40 By: Mayor Mark Stodola By: Wade Ruckle
41 City of Little Rock Chief Executive Officer
42
43
44
45 Page 1 of 2
46
'Page 3 of 41
1 DOCUMENTARY TAX STATEMENT
2
3 I certify under penalty of false swearing that the legally correct amount of documentary stamps
4 have been placed on this instrument. (If none shown, exempt or no consideration paid.)
5
6
7 City of Little Rock
8 500 W. Markham
9 Little Rock, Arkansas 72201
10
11
12 By: Doug Tapp
13 Redevelopment Administrator
14
15
16 ACKNOWLEDGEMENT
17
18 STATE OF ARKANSAS)
19 )SS
20 COUNTY OF PULASKI)
21
22 On this day came before me, the undersigned, a notary public within and for the county and
23 state aforesaid, duly commissioned and acting personally appeared, Wade Ruckle, duly authorized to
24 act on behalf of Central Bank, known to me as the Grantor in the foregoing Deed, and acknowledged
25 that he has executed the same for the consideration and purposes therein mentioned and set forth.
26
27 WITNESS my hand and seal as such notary public this day of ,2017
28
29
30
31
32
33 Notary Public
34
35
36
37 My Commission expires:
38 //
39 //
40 //
41 //
42 //
43 //
[Page 4 of 41
1