The URL can be used to link to this page

Home My WebLink AboutZ-3571-A ApplicationHERSCHEL H. FRIDAY WILLIAM A.ELDREDGE,JR, B.S.CLARK WILLIAM L.TERRY ROBERT V. LIGHT WILLIAM H.SUTTON GEORGE E.PIKE,JR. JAMES W. MOORE WILLIAM L.PATTON,JR. BYRON M.EISEMAN,JR. JOE D. BELL MICHAEL G.THOMPSON JOHN C. ECHOLS JAMES A. BUTTRY FREDERICK S.URSERY H. T. LARZELERE OSCAR E. DAVIS,JR. JAMES C.CLARK,JR. THOMAS P. LEGGETT JOHN DEWEY WATSON LEWIS MATHIS PAUL B. SENHAM III LARRY W. BURKS A.WYCKLIFF NISSET,JR. City of Little bock Planning Commission City Hall Little Rock, Arkansas. 7220.1 Attention: Mr. Richard Wood Re: Proposed Central Business Improvement District Gentlemen: On behalf of the promoters identified below, a request is hereby made for you to formally recommend to the City of Little Rock Board of Directors that it approve the formation of the central business improvement district described in the petition attached hereto. A drawing is also attached hereto showing the boundaries of the proposed district and the improvements to be made. The promoters of the district are: Mr. John E. Marcom 1720 S. Caraway Road Jonesboro, Arkansas 72401 Mr. Bruce Burrow Realty Associates, Inc. First Plaza Bank Building Jonesboro, Arkansas 72.40.1 Please advise if you need additional materials as a basis for your recommendat..on. JSR/ma.r enc. cc: S. Graham Catlett Yours very truly, J. Shepherd Russell III FRIDAY, ELDREDGE & CLARK ATTORNEYS AT LAW JAMES E.HARRIS THE FIRST NATIONAL BUILDING, TWENTIETH FLOOR JIP MALCOM JAAMMESES M. SIMPSON LITTLE ROCK,ARKANSAS 72201 MEREDITHP.CATLETT ROBERT K. WALSH JAMES M.SAXTON TELEPHONE J.SHEPHERD RUSSELL III DONALD H. BACON 50I-376-2011 WILLIAM THOMAS BAXTER THOMAS A. PRINCE WALTER A.PAULSON E May 10, 1983 BARRY E. COPLIN RICHARD D. TAY LOR JOSEPH B.HURST,JR. S.GRAY GIBBS ELIZABETH J. ROBSEN CHRISTOPHER HELLER LAURA A. H ENSLEY ROBERT S. SHAFER MICHAEL G. SMITH TIMOTHY O. DUDLEY CLAISOURNE C.CREWS WILLIAM M.GRIFFIN I7I THOMAS N'ROSE MICHAEL $. MOORE COUNSEL WILLIAM J. SM ITH JOHN T. WI LLIAMS City of Little bock Planning Commission City Hall Little Rock, Arkansas. 7220.1 Attention: Mr. Richard Wood Re: Proposed Central Business Improvement District Gentlemen: On behalf of the promoters identified below, a request is hereby made for you to formally recommend to the City of Little Rock Board of Directors that it approve the formation of the central business improvement district described in the petition attached hereto. A drawing is also attached hereto showing the boundaries of the proposed district and the improvements to be made. The promoters of the district are: Mr. John E. Marcom 1720 S. Caraway Road Jonesboro, Arkansas 72401 Mr. Bruce Burrow Realty Associates, Inc. First Plaza Bank Building Jonesboro, Arkansas 72.40.1 Please advise if you need additional materials as a basis for your recommendat..on. JSR/ma.r enc. cc: S. Graham Catlett Yours very truly, J. Shepherd Russell III ORDINANCE NO. 14,490 AN ORDINANCE ESTABLISHING OLD TOWN CENTRAL BUSINESS IMPROVEMENT DISTRICT NO. 3 OF THE CITY OF LITTLE ROCK, ARKANSAS; AND PRESCRIBING OTHER MATTERS PERTAINING THERETO. WHEREAS, parties claiming to be the owners of two- thirds in assessed value of the property located within the territory hereinafter described have filed a Petition praying that a Central Business Improvement District be established for the purpose hereinafter set out; and WHEREAS, after due notice as required by law, the Board of Directors of the City of Little Rock, Arkansas (the "City"), has heard all parties desiring to be heard and has ascertained that the Petition is signed by two-thirds in assessed value of the owners of real property within said territory; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. There J.s hereby established a Central Business Improvement District (the "District") embracing the following property located within the City: Pope's Addition Lots 7 through 12, Block 2 and Lot 7 Block 3; Closed 140 Foot by 60 Foot Part of Sherman Street Between Lot 12, Block 2 and Lot 7, Block 3; All of Block 7; All of Block 10. All of Sherman Oaks Horizontal Property Regime (Originally Platted as Block 15, Pope's Addition). Section 2. The District is authorized to accomplish the following improvements (the "Capital Improvements"): (a) The clearing of Block 10 of Pope's Addition to the City of Little Rock, Arkansas and paving of a parking lot. (b) The building of brick fences around all or a part of Block 10 of Pope's Addition to the City of Little Rock, Arkansas. (c) The installation of "Old Town" Period street luminaries around the perimeter of the parking lot constructed on Block 10 of Pope's Addition to the City of Little Rock, Arkansas as well as along the west side of Sherman Street between Markham and Second Streets. Section 3. The benefits to be derived from the Capital Improvements will be assessed upon the real property in the District and collected in annual installments to pay the costs of the Capital Improvements and/or to pay debt service on bonds issued by the District to finance the Capital Improvements, as provided by law. Supplemental annual assessments may be levied from time to time upon the property within the District in order to provide the necessary funds to provide for operation, maintenance, repair, security and replacement of the Capital Improvements. Section 4. The District is authorized to issue revenue bonds in accordance with Act No. 403 of 1975, as amended (the same being Arkansas Statutes Annotated Sections 20-1625 and following) ("Act No. 403"), to make loans to property owners within the boundaries of the District in accordance with Act No. 403. Section 5. The District shall be known as Old Town Central Business Improvement District No. 3 of the City of Little Rock, Arkansas. Section 6. Bruce Burrow, Milton E. Gardner, Julia Mae Larrison, Ernest J. Peters and Robert Stuenkel are hereby named Commissioners who shall compose the Board of Improvement for the District. Section 7. The provisions of this Ordinance are severable. If any provision hereof should be held to be invalid or inapplicable to any person or circumstance such holding shall not affect the validity or applicability of the remainder hereof. Section 8. This Ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED this 2nd day of 1983. ATTEST: Jane Czech City Clerk (SEAL) APPROVED: J, W. Benafield mayor August PETITION FOR FORMATION OF CENTRAL BUSINESS IMPROVEMENT DISTRICT Alt) "i7 YOUR SIGNRiURE NE�,EON SHG�JS TFI�T YOU FAV0� HE ESTABIlSiil'j1�111 I (�� A1U Ir�r1�RNPRI DISTR 1CT, I1F THE D57RICT IS FORDED, YDU MAY BE CHARGED FOR THF- COST OF THE 11WOVEMEWS. The undersigned owners) of real property within the boundaries of the proposed Central Business Improvement District hereby petition the Board of Directors of the City of Little Rock, Arkansas (the "City") (1) To create a Central Business Improvement District (the "District") in accordance with the provisions of Act No. 162 of the Acts of Arkansas of 1973, as amended (vile same being Arr-. nsas StaL-utes Annotated Sections 20-1601 through 1620. (2) To include in the District the following described real property located within the City: Pope' s Addition Lots 7 through 12, Block 2 and Lot 7 Block 3; Closed 140 Foot by 60 Foot. Part of Sherman Street Between Lot 12, Block 2 and Lot 7, block 3; All of block 7; All of Block 10. All of Sherman Oaks Horizontal Property Regime (Originally Platted as Block 1.5, Pope's Addition). (3) To authorize the District to accomplish the following improvements (the "Capital Improvements"). (a) The clearing of Block 10 of Pope' s Addition to the City of Little Rock, Arkansas and paVi:-Ig of a parking lot. (b) The building of brick fences around all or a part of Block 10 of Pope's Addition to the City of Little Rock, Arkansas. (c) The installation of "Old Town" Period street luminaries around the perimeter of the parking lot constructed on Block 10 of Pope's Addition to the City of Little Rock, Arkansas as well as along the west side of Sherman Street between Markham and Second Streets. (4) To provide that the benefits to the real property in the District from the above described Capital Improvements be assessed upon the real property in the District and collected in annual installments to pay the ccsts of the Capital improvements al'-Ldjor to pay debt service on bonds i ssued by the District to finance the Capital Improvements, as provided by law. f (5) To provide for operation, maintenance, repair, security and replacement of the Capital Improvements and for these purposes to levy from time to time as necessary, supplemental annual assessments upon the property within the District in order to provide the necessary funds therefor. (6) To issue revenue bonds in accordance with Act No. 403 of 1975, as amended (the same being Arkansas Statutes Annotated Sections 20-1625 and following) ("Act No. 403"), to make loans to property owners within the boundaries of the proposed Central Business Improvement District in accordance with Act No. 403. gs Executed this day of 1983. For individual owner: For corporate or partnership r(s) Owner(s) Owner(s) Owner(s) (owner)(s) ''I :"! _ Reath Associates, Inc. _ N frit' or Firm BY ��Corporation Bruce Bu4row Its President (Officer)(s) I) - March 22, 1983 PETERS & ASSOCIATES ENGINEERS Mr. Nathaniel Griffin, Director Office of Comprehensive Planning City of Little Rock City Hall Markham & Broadway Little Rock, Arkansas 72201 RE: P-009 Old Town Central Business Improvement District Dear Nat: As you and I discussed with Mr. Bruce Burrow on Monday, March 21, 1983, please find enclosed a Survey Plat showing property ownership in a pro- posed CBID entitled "Old Town Central Business Improvement District". As we discussed,the proposed improvement district is being structured by the attorneys for Realty Associates Development Incorporated at this time, and will be presented to the City for review and approval formally at a later date. Also as we discussed relating to the Razorback Square Shopping Center Project, 1 fill provide to you at a later date a revised landscape plan for the Razorback Square Project reflecting the changes and conditions of approval of the Little Rock Planning Commission per their meeting of March 15, 1983. If you have any questions concerning this submittal, or if additional information is desired at this time do not hesitate to call me. Thank you again for the opportunity to discuss with you these projects. I look forward to continuing to work with you on these and other projects in the future. Sincerely, PETERS AS IATE Ernest J. P ters, P.E. EJP/cs cc: Mr. Bruce Burrow 2723 FOXCROFT ROAD SUITE 215 LITTLE ROCK, ARKANSAS 72207-2484 (501) 225-0500