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HomeMy WebLinkAboutS-1280-M-1 Applicationy hit e 9 iF1 < N d { = liiji� Y- 3� �3 €� rsJAI aqp SCR E, g �e a • ' III a] R 9�g•= A '{ s �9 /. /, .�;• ,� ' 'C; .• � - _ --- - - =�� _:fir_=_✓�,�T`-.--- '?� A -- x v � .3: § � � ,�' �` E•_ t his ;I' -'�. �,' �y � �' . I �• ?nil % . . ��. Y ��� `•,'. - .o a � .r. sou i - �::� � � j o� �.� _ ^+xz ��' j � � • •, � ZIF J6y9p� _ HAL JOSEPH KEMP, P.A. ATTORNEY AT LAW SUITE 1300 111 CENTER STREET LITTLE ROCK, ARKANSAS 72201 TELEPHONE (501) 372-7243 April 29, 2009 Hand Delivered Ms. Donna James Planning City of Little Rock Markham Street Little Rock, Arkansas 72201 RE: Valley Falls Estates Deferral of half street Improvements Your file number s-1280-M Dear Donna: TELECOPIER (501) 372-5553 I read the Staff Update set forth on Item A for the April 30, 2009 Commission meeting, and I did not see where the Staff Recommendation included that Rick and Deanna Ferguson, along with VFE, Inc, are to be relieved of any obligation, now or in the future, for construction of street improvements or for further dedication of street right of way pertaining to the LaMarche extension through their property. Certainly releasing the Fergusons from such obligations is a critical component of the comprehensive resolution of this item. Please confirm that after the right of way grant by VFE, Inc. and the Fergusons, both will be relieved of and for any further construction or right of way obligation. To fully document our understanding I have drafted and enclose herewith an Agreement for approval by the Commission and adoption by the City. Please circulate this draft for review and let me know whether or not it accurately reflects everyone's understanding concerning the matter. Please note that I will have to insert the April 29, 2009 Page 2 legals upon receipt of same from Joe White, Jr., but the form of Easements are attached to the Agreement as Exhibit "A". Please advise. Sine r ly, Hal Joseph mp, P.A. HJK/hjk HAL JOSEPH KEMP, P.A. ATTORNEY AT LAW SUITE 1300 III CENTER STREET LITTLE ROCK, ARKANSAS 72201 TELEPHONE (501) 372-7243 March 9, 2009 Mr. Steve Beck Director Public Works City of Little Rock Public Works Administration 701 West Markham, Suite 100 Little Rock, Arkansas 72201 RE: S-1280-M Valley Falls Estates Collector Street Deferral. Dear Mr. Beck: TELECOPIER (501) 372-5553 On March 4, 2009, a special sub -committee of the Planning Commission conducted a meeting to discuss potential solutions to issues presented by the above referenced matter. Please know that I represent VFE, Inc., the owner of the lands which are the subject of the referenced matter, as well as Rick and Deanna Ferguson, who own the lands situated on the west side of the contemplated route for the proposed extension of LaMarche Drive northward to Taylor Loop Road. In that capacity, please be advised that VFE, Inc. accepts the Planning Commission's requested deferral of the referenced matter to April 30, 2009. Also in that capacity, please be advised that with the ambition of resolving a dispute between VFE, Inc. and the City, but without waiving any rights or remedies, both VFE, Inc. and the Fergusons are willing to engage in meaningful negotiations toward an agreement that would result in right of way dedications by both VFE, Inc. and the Fergusons in exchange for an agreement with the City that the City would thereafter construct, at its expense, the required street March 9, 2009 Page 2 improvements necessary to extend LaMarche Drive north from its current terminus to a point of intersection with Taylor Loop Road. Obviously neither my clients nor the City are bound by the expressions herein made or by any tentative agreements hereafter made by them as part of their continuing negotiations toward a settlement acceptable to all parties, until and unless a final and full agreement is reached, documented, approved as required and then executed. Nevertheless we look forward to working through these matters with the Planning Commission, its staff, you and your staff and all other interested parties. Si e ely, HAL JO E H K. P, P. HJ"k CC. Mr. Vince Floriani Mr. Dana Carney Ms. Donna James Mr. Mike Hood Mr. Jeff Yates Mr. Bill Rector Mr. Troy Laha Completion of LaMarche from its current Northern terminus to Taylor Loop Road. Current situation: Valley Falls Estates (VFE) developer is obligated to construct the W 1/2 of LaMarche from its current N terminus to the north line of the VFE development. Advantages to City: 1/2 of road constructed at no cost to City Advantages to developer: None (VFE will not access LaMarche) Advantages to neighbors: None Disadvantages to City: Only 1/2 of road built and it would lead to a dead end Typical City experience is that this dead end 1/2 street will attract undesirable activity (loitering, loud noises) causing complaints from neighbors. Constructed 1/2 street will likely not be maintained and will deteriorate awaiting construction of the rest of LaMarche between current N terminus and Taylor Loop. It is unlikely that the ROW for E 1/2 will be dedicated any time in the foreseeable future since the property adjacent on the east is likely to continue to be used as large tract single-family. ROW for LaMarche N of Valley Falls is also not currently dedicated. The W 1/2 may be dedicated in the reasonably near term future as it is on property owned by the VFE developer who is holding it for future development. The E 1/z of this portion is as unlikely to be developed as the large tract single-family land to the south. ROW for E 1/2 for the entire length will have to be condemned The condemnation process will likely be drawn out and expensive both in terms of money (for acquisition and legal costs) and staff resources. Disadvantages to Developer: Same problems as other neighbors cited above Cost of construction Disadvantages to neighbors: Suffer condemnation of part of their property against their will Costs to prosecute legal action Street constructed closer to houses Certain improvements (guesthouse, pool, etc) will be destroyed Property devalued as a result of all of above Proposal crafted by the Committee and developer: Valley Falls Developer would dedicate the entire ROW (both halves) for LaMarche between its present northern terminus and Taylor Loop Road. City will construct LaMarche as resources become available If Developer elects to develop his property between VFE and Taylor Loop prior to construction of LaMarche by City, Developer will still be obligated for the cost of developing 1/2 of LaMarche north of VFE. Advantages to City: City would be in control of the entire ROW needed to construct LaMarche to connect it from its current north terminus and Taylor Loop Road. ROW would be obtained at no cost to the City There would be no need to acquire property for the E 1/2 of the ROW, thus avoiding a likely messy and expensive condemnation process City will not be forced to police a likely loitering spot Street improvements will not be constructed until the total project can be accomplished and maintained Advantages to Developer: No construction expense unless developer elects to develop the northern tract prior to the construction of LaMarche by the City No loitering spot behind VFE Advantages to neighbors: No condemnation of part of their property No destruction of guesthouses, pools, etc No loitering behind their houses Page 1 of 1 James, Donna From: Hal Joseph Kemp [HalJosephKemp@att.net] Sent: Tuesday, March 02, 2010 9:02 AM To: James, Donna Subject: VFE to City Lamarche right of way easement Donna: In compliance with its agreement with the City of Little Rock, VFE, Inc. has granted the City a street right of way easement for the LaMarche Extension. A true and correct copy of this easement filed for record on the 1st day of March, 2010 and recorded as Instrument Number 2010011048 in the Office of the Circuit Clerk and Ex-Officio Recorder of Pulaski County, Arkansas is attached hereto for your files. Sincerely, Hal Joseph Kemp Hal Joseph Kemp, P.A. Attorney at Law Suite 1300 111 Center Street Little Rock, Arkansas 72201 501-372-7243 This email, and any attachments hereto, is intended only for use of the addressee(s) and may contain legally privileged and or confidential information. If you are not the intended recipient of this email, you are hereby notified that any use, dissemination, forwarding, distribution, printing or copying of this email is strictly prohibited. If you believe you received this email in error, please immediately notifiy me by telephone and permanently delete the original and any copies of same. Thank you. S, Iz8a--/Y,) 3/2/2010 20100110,48 3 2 44 27 " Recorded in Off..clil R> CC`Cs Of PAT "s'SPIE� ees SEE 013 Mis insrrryrment prepared by; 11 #1..ii}SEM KEEP, N.A. itii.'R a 8084 irnr ntvs at Law 1 a t Venter 14reel. huhe 13H 1iMe Rack AR 72201 (401) 3-2 7233 STREET T RIGHT-OF-WAY EASEMENT 10;OW AM, BEEN BY THESE; PRESENTS: Chat V E. Inc- an Arkansas Corporation. a4ting by and through its dui authorized and empowered corporate officer, for and in consideration of the: agreements made and entered into bz and bet-vveen VI`1=:, Inc. and the ('itv of Little Ruck, Arkansas as rAcoted in City of Little Rock lh dinance No. 20.155 i'be:ing filed cif record on the '8� day of September_ 2010 and recorded as Instrument Number 2009065519 in the Office of the Circuit Clerk and Ex-(Y icio R,:corder of Pulaski ("ounty, Ari ansas and for other good and valuable consideration including the benefits accruing to it and to the: public gencrallr', the sufficiency of all of which is hereby acknowledged, doers, subject to all matters of record. hereby grant to the City of little Rock.Arkansas. an Arkansas municipal corporation and city of the first class_ and dedicate to the public_ a perpetilal easement for the purpose of the; Cit-N of Little: lock constructing in its discretion and thereafter operating and maintaining a public street and relattd imprm-cmenLs fOr the public's vehicular and pedestrian Lraff c tuad travel as a public strect on, over. across and under a strip of land out ofthe: Valied• Falls Estates Tray ,t situatcd in the COUTIO, of Pula`;L" and State of Axkansas, more particularly described as follo%vs. to-1-vit: The East 60 00 feeLt of file Nh`• kS%X'`. Section 24. To%�,,, hip 2 Nmlll_ Rartp-c 14 West, Pulaski County, Arkansas, more particul.arl,,- described its �1CCYtl.1t: ��t'�1.:1_8f3FAi'C}1cRF�C.)1K'aS taCd�3i:3ftlFT/i�i��'M])t follow- Rew'trintng at the Southew;t comcr of said \F I ..SLR'= ,.. Se,:bo n 2 4: thance North Wcst along the South lute of said NE,dSE1 ' 60,00 feat_ thence North 01 `2'11- mast aloes-Y a line 60.00 fe:;t wcst of and parallel to the cap t line or said 80 fz;et to a print oil tile north ling: of said tiT:'.SW4 thence Soudi 89 22'17" East along said north line, 60-02 feet to Lhc Northeast earner of said t.hctioc South 01`,32'11- West alone the east line of said N-E' 4S%V' , 1324_27 feet to the point of beginning. ALI, AS MOUX, PARTICI-VALR1 Y DF-PIC"1'FD ON EXHIBIT "A ATTACHED HLRF:'fC) Al —D MADE A PART ITt~,REOF BYTHIS REFERENCE TO HAVE A\I D TO kIC3LD the same unto the said of Little Dock, Arkansas. and unto its successors and assigns, .for the purposes of a public street. Ni TFSTLMONO WHEREOF, dts Ilauc of thu Grantor is hereunto :xcd by tt: dzalcrrid and authorirc:d corpIgate OMCv'r On this f clay 4f 1010. t l %, Inc., am : kastsas c�y�P91ation. - f BY � r 'l'ITI- v ., 2- 5+..^�fti' �'E�l•:1.amarch;#Zi{[it[oFL3ab[?edts:�ivs:�:rrs�arl Easement: A C KNOW LE D GNI E N T STATE C)F,U�,'KANSAS) COINTN'OF PVLASI� On atis day o: rric a Notar.� Public- duly OMMISSUMud dlficd -d acting. uithin and for the CmIlLand Stag. afor-sa1k1 apr?carcdhin T)crSOB fllc to trio; personally )wIl knovm, ho �,,alkA float hi: was Jle President. ofNTE, Inc , an Askansas ;;c,,-poration, and ,vas Jul% authorrs cd in hls to forcgoing -11107- C% ar , instrument for and in L�c name ud behalf of the said cvrrnpaw�. and 1W StA I ld uk-nov,ledecd that tic had so Signed, t;\cQuted and delivmd satd ff)rcgolm- Imilmllunt for the cousidc,ratlon, usva and purposes therein mentioned and set lorth N TESTIM().KY I have hcreulliv set MY hrd and swat da.v of -A tit Commissim Upid- to Qr 4, 1: 5aa'L2'3"'z s0.i:' e3 I ,', STREET _ EAS7 €(,' -13 F). OF 14 t.ti' ^. ECr;UN1 L ANC£ N,3,8'55'32"W A,LON;3 S: , = C;F SA' NEE %; SW �NTM 6:s Ct� ;F7. ?HE'S N ''32' wv r 6C QC F7. _ LINt u' Fir NNE 50 ' '-IL BAST , +�,- �,= _ ;rs C' 3 1 2 3 4 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 2009065519 Received: 9/28/2009 9:32:46 AM Recorded: 09/28/2009 09:49:42 AM Filed & Recorded in Official Records of PAT O'BRIEN. PULASKI COUNTY CIRCUIT/COUNTY CLERK Fees $20.00 ORDINANCE NO. 20,155 AN ORDINANCE TO AMEND CHAPTER 30 OF THE CODE OF ORDINANCES OF THE CITY OF LITTLE ROCK, ARKANSAS, TO PROVIDE FOR ACCEPTANCE OF RIGHT-OF-WAY DEDICATION FOR LAMARCHE DRIVE AND WAIVER OF BOUNDARY STREET ORDINANCE REQUIREMENTS FOR VALLEY FALLS ESTATES SUBDIVISION; AND FOR OTHER PURPOSES. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: Section 1. That Chapter 30 of the Code of Ordinances is amended to provide for a waiver of certain requirements within the Master Street Plan along LaMarche Drive extension for Valley Falls Estates Subdivision located south of the future intersection of LaMarche Drive and Taylor Loop Road. Subsection a. Chapter 30 Article VI requiring developers to construct roadway improvements to the requirements of the Master Street Plan will be waived along the proposed LaMarche Drive extension adjacent to Valley Falls Estates Subdivision. The specific waiver is from constructing the western one half of LaMarche Drive to collector street standards across the entire frontage of Valley Falls Estates as previously required by Ordinance #18,299. Subsection b. The specific waiver required conditions are: 1. Rick Ferguson and Valley Falls Estates, Inc. agree to donate 60 feet of rigb -of-wayr for LaMarche Extension across the Valley Falls Estates Tract and across the No Loop Road; 2. The City of Little Rock forever releases Valley Falls Estates, Inc. construct half street improvements on the Valley Falls Estates Tract; "WM111 ++u1a111% 3. The City of Little Rock, at its expense and at its sole discretion, agrees to build the LaMarche Extension from Taylor Loop Road through the North Tract and Valley Falls Estates Tract to its intersection with LaMarche Drive as presently constructed, subject to items 4 and 5; 4. With regard to the North Tract, Rick Ferguson agrees that if he or his successor in title to the North Tract seeks to develop the North Tract before the City of Little Rock has actually built the LaMarche Extension through the North Tract, then the developer of the North Tract shall, at its [PAGE 1 OF 2] r 1 sole expense, build that portion of the half street improvements on the North Tract not then 2 constructed and thereby relieve the City from so doing. It is recognized by all parties that the 3 Developer may seek to negotiate to build some portion of the full street improvements rather than 4 the entire half street; Z 6 5. Assuming that a final plat of Valley Falls Estates submitted to the City of Little Rock 7 complies with all of the City of Little Rock requirements other than the construction of the 8 LaMarche Extension, the City agrees to approve such final plat, even though the LaMarche 9 Extension improvements may not have been constructed by the City of Little Rock at the time of 10 such final plat approval; 11 12 6. Future development to properties adjacent to the new 60 foot right-of-way, excluding the 13 current preliminarily platted Valley Falls Estates will be subject to the requirements found in 14• Section 30, Article VI., Boundary Street Improvements and Right -of -Way Dedications. Since 15 LaMarche Drive is classified as a collector street on the Master Street Plan with a 60 foot right- 16 of -way, no additional right-of-way dedication is required except near the intersection of Taylor 17 Loop Road and LaMarche Drive. 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the ordinance. Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same that are inconsistent with the provisions of this ordinance are hereby repealed to the extent of such inconsistency. Section 4. This ORDINANCE shall take effect thirty (30) days from and after its passage. PASSED: September 15, 2009 ^,'Tffwi L ng e , A 'ng City Clerk APPROV O LEGAL FORM: Thomas M. Carpenter, Cit*Aor 'X APPROVED: Mark Stodola, Mayor [PAGE 2 OF 21 City of Little Rock Department of Planning and Development Planning 723 West Markham Street Zoning and Little Rock, Arkansas 72201-1334 Subdivision Phone: (501) 3714790 Fax: (501) 399-3435 or 371-6663 February 6, 2009 Mr. Joe White White Daters and Associates 24 Rahling Circle Little Rock, AR 72223 Re: Valley Falls Estates Collector Street Deferral (S-1280-M), located on the East side of Valley Falls Estates abutting Lots 13A — 13D and Lots 14 - 18 Dear Sirs: This is to advise you that in connection with your request concerning the above referenced file number the following action was taken by the Planning Commission at its meeting on February 5, 2009: Approved with conditions. Recommended approval with conditions. Recommended approval as submitted. Denied your request as submitted. X Deferred to the March 19. 2009 Meeting. Other: If you have any questions concerning any other matter please do not hesitate to contact me at 371-6821, Respectfully, Donna James, AICP Subdivision Administrator Et City of Little Rock Department of Planning and Development 723 West Markham Street Little Rock, Arkansas 72201-1334 Phone: (501) 371-4790 Fax: (501) 399-3435 or 371-6863 March 20, 2009 Mr. Joe White White Daters and Associates 24 Rahling Circle Little Rock, AR 72223 Planning Zoning and Subdivision Re- Valley Falls Estates Collector Street Deferral (S-1280-M), located on the East side of Valley Falls Estates abutting Lots 13A — 13D and Lots 14 - 18 Dear Sirs: This is to advise you that in connection with your request concerning the above referenced file number the following action was taken by the Planning Commission at its meeting on March 19, 2009: Approved with conditions. Recommended approval with conditions. Recommended approval as submitted. Denied your request as submitted. X Deferred to the April 30, 2009 Meeting. Other: If you have any questions concerning any other matter please do not hesitate to contact me at 371-6821. Respectfully, Donna James, AICP Subdivision Administrator City of Little Rock Department of Planning and Development Planning 723 West Markham Street Zoning and Little Rock, Arkansas 72201-1334 Subdivision Phone: (501) 371-4790 Fax: (501) 399-3435 or 371-6663 May 1, 2009 Mr. Joe White White Daters and Associates 24 Rahling Circle Little Rock, AR 72223 Re: Valley Falls Estates Collector Street Deferral (S-1280-M), located on the East side of Valley Falls Estates abutting Lots 13A — 13D and Lots 14 - 18 Dear Sirs: This is to advise you that in connection with your request concerning the above referenced file number the following action was taken by the Planning Commission at its meeting on April 30, 2009: Approved with conditions. Recommended approval with conditions. Recommended approval as submitted. Denied your request as submitted. X Deferred to the June 11.. 2009 Meeting. Other: If you have any questions concerning any other matter please do not hesitate to contact me at 371-6821. Respectfully, Donna James, AICP Subdivision Administrator City of Little Rock Department of Planning and Development Planning 723 West Markham Street Zoning and Little Rock, Arkansas 72201-1334 Subdivision Phone: (501) 371-4790 Fax: (501) 399-3435 or 371-6863 June 12, 2009 Mr. Joe White White Daters and Associates 24 Rahling Circle Little Rock, AR 72223 Re: Valley Falls Estates Collector Street Deferral (S-1280-M), located on the East side of Valley Falls Estates abutting Lots 13A — 13D and Lots 14 - 18 Dear Sirs: This is to advise you that in connection with your request concerning the above referenced file number the following action was taken by the Planning Commission at its meeting on June 11, 2009: Approved with conditions. Recommended approval with conditions. Recommended approval as submitted. Denied your request as submitted. x Deferred to the _ July 23, 2009 Meeting. Other: If you have any questions concerning any other matter please do not hesitate to contact me at 371-6821. Respectfully, Donna James, AICP Subdivision Administrator City of Little Rock Planning Department of Planning and Development Zoning and 723 West Markham Street Subdivision Little Rock, Arkansas 72201-1334 Phone: (501) 371-4790 Fax: (501) 399.3435 or 371-6863 July 24, 2009 Mr. Joe White White Daters and Associates 24 Rahling Circle Little Rock, AR 72223 Re: Valley Falls Estates Collector Street Deferral (S-1280-M), located on the East side of Valley Falls Estates abutting Lots 13A — 13D and Lots 14 - 18 Dear Sirs: This is to advise you that in connection with your request concerning the above referenced file number the following action was taken by the Planning Commission at its meeting on July 23, 2009: Approved with conditions. X Recommended approval with conditions. Recommended approval as submitted. Denied your request as submitted. Deferred to the Meeting. Other: This item will be forwarded to the Little Rock Board of Directors for final action on August 18, 2009. ,The meeting begins at 6:00 pm and is held in the Board of Directors Chambers, 500 West Markham Street, on the 2nd Floor. The meetings begins at 6.00 pm and you or your representative needs to be present. If you have any questions concerning any other matter please do not hesitate to contact me at 371-6821. Respectfully, Donna James, AICP Subdivision Administrator MEMORANDUM TO: Little Rock Planning Commission Chairman Taylor CC: Little Rock Department of Public Works Little Rock Department of Planning and Development Little Rock Mayor and Board of Directors Little Rock City Manager FROM: Little Rock Planning Commission Special Committee - LaMarche Dr. Extension • Vice -Chairman Yates o Commissioner Rector • Commissioner Laha DATE: July 23, 2009 RE: Special Committee's Recommendation - LaMarche Drive Extension Valley Falls Estates (Applicant) has applied for a 5-year deferral of Master Street Plan (MSP) Improvements required under the Boundary Street Ordinance (BSO) that apply to the 2000 approval of Valley Falls Estates. Some Planning Commissioners did not find the alternatives of building the BSO improvements or granting a 5-year deferral to be palatable choices. The required improvements would not result in a full -width street or a connection to Taylor Loop. The Right Of Way (ROW) necessary for a full -width street would have to come from residences that face Carter Lane. Ordinary application of the BSO would likely result in a half -street being built half -way to Taylor Loop and no more for some time. It would also result in the high probability that the City will have to condemn thirty feet (30') of property from homes along Carter Lane and Taylor Loop Road. In the ROW are needed from those homes are two (2) houses, one (1) pool house and several other home improvements. To address the concerns of Commissioners and evaluate alternative solutions the Chairman or the Little Rock Planning Commission appointed a Special Committee as provided in the Planning Commission's By -Laws. This Special Committee was charged with the task of evaluating options and making a recommendation to the full Commission. The Special Committee had a series of meetings with Public Works, Planning and Development and the Applicant. At the request of the Special Committee and concurrent with these meetings, Public Works obtained appraisals of values for property consisting of the full Right of Way coming from property owned by the Applicant and of property necessary from adjoining Carter Lane property owners to the east necessary under ordinary application of the Boundary Street Ordinance (BSO). The appraisal amounts are: • $177,000 for R.O.W from Applicant • $252,000 for R.O.W. from Carter Lane property owners The negotiated solution proposed by the Special Committee is that the Applicant dedicates sixty feet (60') of ROW the full length of the Applicant's south property line to the north property line of the property owned individually by a principal of the Applicant. The resulting ROW, provided to the city, provides a full -width, uninterrupted ROW from the current north terminus of LaMarche Drive all the way to Taylor Loop Road. As a part of this negotiated solution, the current VFE subdivision would be exempt from half -street improvements required under the BSO. All other properties bordering LaMarche Drive will continue to be subject to the BSO. However, as the ROW will be in place, the BSO obligations by the adjoining property owners will be only for the half -street improvements as specified in the ordinance, without ROW dedication. The solution proposed by the Special Committee provides the following: • Guarantees the ROW necessary for LaMarche • Saves the City from Condemnation & Eminent Domain proceedings for homes on Carter Lane and Taylor Loop • Increases the likelihood that LaMarche Drive will be built to full width and avoids the possibility of another situation like the west terminus of Evergreen • Creates much increased likelihood that LaMarche may be built in the near future instead of distant future or not at all • Saves the City the cost of purchasing the Carter Lane and Taylor Loop properties and the additional cost of eminent domain lawsuits likely necessary for that. The Special Committee recommends this negotiated solution because it is good for the City, it is good for the citizens of the City, it is good for the residents of Carter Lane and it is agreeable to the Applicant. AGREEMENT KNOW ALL MEN BY THESE PRESENTS: THIS AGREEMENT IS MADE AND ENTERED INTO by and among the City of Little Rock, Arkansas, a city of the first class (herein referred to as the "City"), VFE, Inc., an Arkansas corporation (herein referred to as "VFE") and Rick Ferguson and Deanna Ferguson, his wife (herein referred to as the "Fergusons"); the City, VFE and the Fergusons being collectively referred to herein as the "Parties". WHEREAS, VFE is the fee simple owner of the following described lands (herein referred to as the "VFE Tract"), to -wit: (INSERT LEGAL); and, WHEREAS, the Ferguson are the fee simple owners of the following described lands (herein referred to as the "Fergusons Tract"), to -wit: (INSERT LEGAL); and, WHEREAS, the City, acting by and through its Planning Commission, did on May 11, 2000 approve the Valley Falls Estates Preliminary Plat, File No. S-1280, on the condition (herein referred to as the "Condition") that VFE dedicate a thirty-five (35') foot right of way easement from the centerline of the unnamed minor arterial listed and depicted on the Master Street Plan along the east boundary of the VFE Tract and construct one-half street improvements within that 35 foot dedicated right of way easement, performance of which condition the Planning Commission deferred for a period of five years or adjacent development; and, WHEREAS, the City thereafter adopted Ordinance No. 18,299 deferring the improvements therein described for five years or until abutting street improvements are constructed, said one half street improvements and related improvements being herein referred to as the "Improvements Deferral"; and, WHEREAS, the City, VFE and the Fergusons have reached the agreements hereinafter set forth which have the effect, upon execution hereof, of cancelling the Condition and eliminating the Improvements Deferral. NOW THEREFORE, WITNESSETH: THAT FOR AND IN CONSIDERATION of the agreements, covenants and promises herein contained, which the Parties hereto covenant and agree are mutually beneficial, and other good and valuable consideration, the receipt and sufficiency of all of which is hereby acknowledged, the Parties hereto to agree as hereinafter set forth: SECTION 1: RECITALS. That the Parties hereto acknowledge the accuracy of the recitals hereinabove set forth, which they agree are not mere recitals of fact, but are intended as contractual in nature and the same are hereby incorporated herein. SECTION 2: RIGHT OF WAY DEDICATION. Concurrent with the execution hereof by the City, VFE and the Ferguson covenant and agree to make, execute and deliver to the City the original, duly -1- V FE.CityLaMarcheAgreement AGREEMENT: acknowledged and in recordable form, of that certain Street Right of Way Easement Grant instruments (herein referred to as the "Street Right of Way Easement Grants"), true and correct copy of which are attached hereto marked as Exhibit "A" and made a part hereof by this reference, granting to the City a Sixty (60') foot wide right of way easement for a public street as more particularly described therein to be thereafter constructed by the City. SECTION 3: RIGHT OF WAY DEDICATION. In consideration of VFE's and the Fergusons' execution hereof and execution of and delivery by them to the City of the Street Right of Way Easement Grants, the City does hereby accept the Street Right of Way Easement Grants in lieu and substitution of and in complete satisfaction of- (i) any obligation or expense by VFE and or the Fergusons now existing under the Condition and or the Improvements Deferral to dedicate right of way or construct half street improvement, which Condition and Improvement Deferral are hereby cancelled, (ii) any obligation or expense that might be imposed upon VFE and or the Ferguson, now or at any time in the future, whether in connection with present or future development of the VFE Tract or the Ferguson Tract or otherwise, to construct or cause to be constructed at their expense, any public improvements, streets, drainage facilities, utilities, lighting, signage, sidewalks or any other structures or infrastructures within or in anyway pertaining to the right of way easement described in the Street Right of Way Easement Dedication Grants, and (iii) VFE and the Fergusons are forgiven any further obligation or responsibility for further dedication or expense in connection with the so-called LaMarche Street extension through or adjacent to the VFE Tract and or the Ferguson Tract. SECTION 4: MISCELLANEOUS. The Parties hereto further covenant and agree as follows: (a) This Agreement contains all the terms and conditions agreed upon by the parties hereto with respect to the transactions contemplated hereby, and shall not be amended or modified except by written instrument signed by all of the parties. (b) This Agreement shall be binding upon and inure to the benefit of the representatives, heirs, estates, successors and assigns to the parties hereto. (c) Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person, firm or corporation, other than the parties hereto, their successors and assigns, any benefits, rights or remedies under or by reason of this Agreement. (d) This Agreement shall be governed by and construed under the laws of the State of Arkansas. (e) In the event either party to this Agreement shall employ legal counsel to protect its rights under this Agreement or to enforce any term or provision of this Agreement, then the party prevailing in any such legal action shall have the right to recover from the other party all of its reasonable attorneys' fees, costs and expenses incurred in relation to such claim. -2- VFE.CityLaMarcheAgreement AGREEMENT: (f) The obligations and undertakings of the Parties hereto shall be performed within the time specified therefor, time being of the essence of this Agreement, and the failure to perform within such time shall constituted a breach of and default under this Agreement on the part of the Party who fails to perform . (g) Wherever in this Agreement it is provided that any party shall or will perform or refrain from performing any act or obligation, each such provision shall, even though not so expressed, be construed as an express agreement to perform or not to perform, as the case may be, such act or obligation. (h) Each party hereto and counsel for each party have reviewed this Agreement and, accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. No inferences shall be drawn from the fact that changes have been agreed to herein from any prior Agreements. (i) In the event one or more of the provisions (or portions thereof) of this Agreement is determined to be illegal or unenforceable, the remainder of this Agreement shall not be affected thereby and each remaining provision or portion thereof shall continue to be valid and effective and shall be enforceable to the fullest extent permitted by law. 0) This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. IN WITNESS WHEREOF, the Parties hereto have hereunto affixed their signatures on this day of , 2009. City: VFE: City of Little Rock, Arkansas VFE, Inc. I Print Name: TITLE: Mayor ATTEST: City Clerk BY: Print Name: TITLE: FERGUSONS: Rick Ferguson Deanna Ferguson -3- VFE. CityLaMarcheAgreement EXHIBIT THIS INSTRUMENT PREPARED BY: HAL JOSEPH KEMP, P. A. ATTORNEY AT LAW SUITE 1300, Ill CENTER STREET LITTLE ROCK, ARKANSAS 72201 (501)372-7243 Street Right of Way Easement Grant KNOW ALL MEN BY THESE PRESENTS: That VFE, Inc., an Arkansas corporation, hereinafter referred to as the "Grantor", for and in consideration of the sum of Ten and NO/100 ($10.00) Dollars and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does, subject to matters of record, hereby grant to the City of Little Rock, Arkansas, hereinafter referred to as the "Grantee", its successors and assigns, a perpetual non- exclusive easement on, over, across and under the real property, more particularly described on Exhibit "A" attached hereto and made a part hereof by this reference, for the purpose of constructing and thereafter operating and maintaining a public street and related improvements for vehicular and pedestrian traffic and travel. TO HAVE AND TO HOLD the same unto the said Grantee and unto its successors and assigns forever, subject to matters of record. me vfeeasement.doc Easement: IN WITNESS WHEREOF, the name of the GRANTOR is hereunto affixed by its corporate officer on this day of 2009. GRANTOR: VFE, Inc., an Arkansas corporation, TITLE: ACKNOWLEDGMENT STATE OF ARKANSAS) )ss COUNTY OF PULASKI) On this day of 2009, before me a Notary Public, duly commissioned, qualified and acting, within and for the County and State aforesaid, appeared in person the within named to me personally well known, who stated that he was the President of VFE, Inc., an Arkansas corporation, and was duly authorized in his capacity to execute the foregoing instrument for and in the name and behalf of the said company, and further stated and acknowledged that he had so signed, executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth. IN TESTIMONY WHEREOF, I have hereunto set my hand and seal on this day of , 2009. My Commission Expires: -2- vfeeasement.doc Notary Public Easement: EXHIBIT "A" -3- vfeeasement.doe EXHIBIT "A" THIS INSTRUMENT PREPARED BY: HAL JOSEPH KEMP, P. A. ATTORNEY AT LAW SUITE 1300, 111 CENTER STREET LITTLE ROCK, ARKANSAS 72201 (501) 372-7243 Street Right of Way Easement Grant KNOW ALL MEN BY THESE PRESENTS: That Rick Ferguson and Deanna Ferguson, his wife, hereinafter referred to as the "Grantors", for and in consideration of the sum of Ten and NO/100 ($10.00) Dollars and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, do, subject to matters of record, hereby grant to the City of Little Rock, Arkansas, hereinafter referred to as the "Grantee", its successors and assigns, a perpetual non-exclusive easement on, over, across and under the real property, more particularly described on Exhibit "A" attached hereto and made a part hereof by this reference, for the purpose of constructing and thereafter operating and maintaining a public street and related improvements for vehicular and pedestrian traffic and travel. TO HAVE AND TO HOLD the same unto the said Grantee and unto its successors and assigns forever, subject to matters of record. Be vfeeasement.doc Easement: IN WITNESS WHEREOF, the signatures of the GRANTORS are hereunto affixed on this day of , 2009. GRANTORS: Rick Ferguson Deanna Ferguson ACKNOWLEDGMENT STATE OF ARKANSAS) )ss COUNTY OF PULASKI) BE IT REMEMBERED, That on this day came on before me, the undersigned, a Notary Public within and for the County aforesaid, duly commissioned and acting, Rick Ferguson and Deanna Ferguson, his wife, to me well known or satisfactorily proven to be the persons whose names appear in the foregoing instrument, and stated that they had executed the same for the consideration and purposes therein mentioned and set forth. IN WITNESSETH WHEREOF, I have hereunto set my hand and seal on this day of P 2009. My Commission Expires: -2- vfeeasement.doc Notary Public Easement: EXHIBIT "A" -3- vfeeasement.doc