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Home My WebLink About14990 1 RESOLUTION NO. 14,990 2 3 A RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK TO 4 EXECUTE ANY DOCUMENTS NECESSARY TO CONVEY 5 APPROXIMATELY 73.6 ACRES OF PROPERTY LOCATED AT ZEUBER 6 ROAD AT FLETCHER ROAD ON THE SOUTH PORT SITE TO CZ-USA 7 FOR ECONOMIC DEVELOPMENT; AND FOR OTHER PURPOSES. 8 9 WHEREAS, the Little Rock Port Authority markets land for economic development purposes and 10 encourages industry to locate at the Port of Little Rock; and, 11 WHEREAS,after a lengthy selection process,CZ-USA has approached the Little Rock Port Authority 12 about locating their US Headquarters on approximately seventy-three acres of land along Zueber Road; 13 and, 14 WHEREAS,CZ-USA has committed to invest over Ninety Million Dollars($90,000,000.00)into the 15 Little Rock facility and over the course of six(6)years,employ 565 individuals at an average starting wage 16 of Twenty-Two Dollars($22.00)per hour; and, 17 WHEREAS, the Little Rock Port Authority has worked closely with the Arkansas Economic 18 Development Commission and the Little Rock Regional Chamber of Commerce to develop an incentive 19 package to allow the City of Little Rock, Arkansas, to effectively compete for this Czech Republic 20 manufacturer; and, 21 WHEREAS,the Little Rock Port Authority has incorporated certain claw back provisions into the land 22 conveyance document that will ensure the Little Rock Port Authority is appropriately compensated if 23 certain requirements as to financing,employment,an agreement with the Arkansas Economic Development 24 Commission,and certain personnel issues are not met by CZ-USA;and, 25 WHEREAS,in return for conveyance of the property,Pulaski County,the City of Little Rock and the 26 State of Arkansas have pledged over Four Million Dollars($4,000,000.00)for infrastructure improvements 27 at the Port of Little Rock;and, 28 WHEREAS,pursuant to Ark. Code Ann. § 14-54-302(West Supp.2019)a resolution is necessary to 29 accomplish such a transfer of municipal property. 30 NOW,THEREFORE,BE IT RESOLVED BY TM:BOARD OF DIRECTORS OF THE CITY 31 OF LITTLE ROCK,ARKANSAS: 32 Section 1. The Mayor and City Clerk are authorized to execute any necessary documents, in a form 33 acceptable to the City Attorney,for the conveyance of approximately 73.6 acres of land on Zeuber Road at 34 Fletcher Road,more particularly described as follows: [Page 1 of 3] 1 DESCRIPTION: APPROXIMATELY 36.05 ACRES OF THE SW' SW'/4, 2 APPROXIMATELY 4.30 ACRES OF THE SE' SW' , APPROXIMATELY 18.40 3 ACRES OF THE NW' SW' AND APPROXIMATELY 5.44 ACRES OF THE NE% 4 SW' , ALL IN SECTION 21, T-1-N, R-11-W, IN PULASKI COUNTY, ARKANSAS, 5 BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS AND AS SHOWN ON 6 THIS SURVEY PLAT (SURVEYED BY CORNERSTONE LAND SURVEYING ON 7 4-11-2019, FOR CZ-US HOLDINGS, INC., JOB# R19-151): COMMENCING AT A 8 FOUND 1W ROD FOR THE SW CORNER OF SAID SW' SW'/4, THENCE ALONG 9 THE SOUTH LINE OF SAID SW'A SW' S 88°39'10" E 35.00 FEET TO A FOUND 10 IRON PIN, THENCE N 01°57'23" E 110.01 FEET TO A SET IRON PIN FOR THE 11 TRUE POINT OF BEGINNING,THENCE N 01°57'23"E 1831.06 FEET TO A FOUND 12 IRON PIN ON THE SOUTH RIGHT-OF-WAY LINE OF ZUEBER ROAD, THENCE 13 ALONG SAID RIGHT-OF-WAY LINE THROUGH THE FOLLOWING COURSES: 14 S 88°49'17" E 1222.52 FEET TO A FOUND IRON PIN, THENCE WITH A CURVE 15 TURNING TO THE RIGHT WITH AN ARC LENGTH OF 71.41 FEET, WITH A 16 RADIUS OF 904.93 FEET AND A CHORD BEARING AND DISTANCE OF 17 S 86°50'36"E 71.39 FEET TO A FOUND IRON PIN AND S 84°18'02"E 471.97 FEET 18 TO A SET IRON PIN,THENCE LEAVING SAID RIGHT-OF-WAY LINE S 16°46'44" 19 W 1861.03 FEET TO A SET IRON PIN, THENCE N 88°45'57" W 1288.76 FEET TO 20 THE POINT OF BEGINNING, CONTAINING 64.19 ACRES, MORE OR LESS, 21 SUBJECT TO ANY EASEMENTS OR RIGHTS-OF-WAY OF RECORD. 22 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 23 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 24 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 25 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 26 resolution. 27 Section 3. Repealer. All laws,ordinances,resolutions,or parts of the same,that are inconsistent with 28 the provisions of this resolution,are hereby repealed to the extent of such inconsistency. 29 ADOPTED! May 7,2019 30 ieh. f' R"' APPROVED: 3132 33 `Sus:n :ng' City Clerk Frank Scott,Jr., 34 35 [Page 2 of 3] 1 APPROVED AS TO LEGAL FORM: 2 441.41.10.1 4 Thomas M.Carpenter,City A ,` ne 5 // 6 // 7 // 8 // 9 // 10 // 11 // 12 // 13 // 14 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 3 of 4]