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HomeMy WebLinkAbout16462 1 RESOLUTION NO. 16,462 2 3 A RESOLUTION TO TRANSFER TITLE TO E & Y DEVELOPMENT 4 LLC, VIA QUIT CLAIM DEED FOR PROPERTY SOLD BY THE CITY 5 OF LITTLE ROCK, ARKANSAS, TO BE USED FOR NEIGHBORHOOD 6 REVITALIZATION PROGRAMS; 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 it is required that properties be obtained and sold by the 13 City in areas that are appropriate for revitalization;and, 14 WHEREAS, John Pemberton & Erica York, owners of E&Y Development LLC has indicated a 15 desire to purchase the property located at 2306 Valmar Street, Little Rock, Arkansas, Parcel # 16 34L1780013400,from the City of Little Rock,Arkansas;and, 17 WHEREAS, the City wishes to sell the property for use in its neighborhood revitalization efforts; 18 and, 19 WHEREAS, in consideration for Three Thousand Six Hundred Thirty-Nine Dollars ($3,639.00), the 20 City will sell the properties for the public purpose of neighborhood revitalization;and, 21 WHEREAS, The City of Little Rock will provide John Pemberton & Erica York, owners of E&Y 22 Development LLC, with a Quit Claim Deed to the property, in a form and manner approved by the City 23 Attorney; and, 24 WHEREAS,Arkansas State Law requires that the City accept the property sale by resolution adopted 25 by the Board of Directors; 26 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 27 OF LITTLE ROCK,ARKANSAS: 28 Section 1.The Board of Directors hereby authorize the Mayor and City Clerk to execute a Quit Claim 29 Deed in a form and manner approved by the City Attorney, for the property located in Ward 1 at 2306 S. 30 Valmar Street, Little Rock, Arkansas, Parcel # 34L1780013400 in favor of John Pemberton & Erica 31 York,owners of E&Y Development LLC,more particularly described as: 32 A 7,000 residential lot with no structures, containing approximately 0.16 acres; Sec-Twp-Rng: 08- 33 1N-12W,Lot/Block 17/6, located in the Chesterfield Square Subdivision; [Pagel of 2] 1 Section 2.The property will be used for a private purpose to serve the public, specifically to improve 2 city revitalization 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: October 15,2024 11 ATTEST: APPROVED: 12ALthi 13 14 Allison Segars,Actin ity Clerk Frank Scott,Jr.,Mayor 15 APPROVED AS TO LEGAL FORM: 16 17 A-41A.,w v!� 18 Thomas M.Carpenter,City Att�ri ney 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 2 of 2]