HomeMy WebLinkAbout16866 1 RESOLUTION NO. 16,866
2
3 A RESOLUTION TO TRANSFER TITLE PROPERTY TO
4 LATASHA STANBACK FROM THE CITY OF LITTLE ROCK, TO
5 BE USED FOR NEIGHBORHOOD REVITALIZATION
6 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 made 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, 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, LaTasha Stanback has indicated a desire to accept transfer from the City of Little Rock for
15 the property located at 3426 W 18th Street, Little Rock, AR, 72204 (Parcel # 34L1520002100) for the
16 purchase price of Five Hundred Dollars($500.00)and other good and valuable consideration; and
17 WHEREAS, the City wishes to transfer the property for use in its neighborhood revitalization
18 efforts; and,
19 WHEREAS, City Staff has acquired the property the property from GUERRERO OCTAVIO
20 C/SUAREZ L on 10/19/2010; and,
21 WHEREAS,The City of Little Rock will provide a QUIT CLAIM DEED to the property,
22 WHEREAS, state law requires that the City transfer the properties by resolution adopted by the
23 Board of Directors;
24 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
25 CITY OF LITTLE ROCK,ARKANSAS:
26 Section 1.The Board of Directors hereby transfers property described as 3426 W 18th Street, Little Rock,
27 AR, 72204 (Parcel # 34L1520002100) in favor of LaTasha Stanback for the purchase price of Five
28 Hundred Dollars($500.00)and other good and valuable consideration.
29 (a) Unless expressly authorized by the City Board of Directors any approved
30 Development Site Plan shall be completed within one (1) - year from the date approval of the
31 Plan is granted.
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1 (b) If the developer has made substantial progress toward completion of the
2 Development Site Plan, the Commission may approve an extension of time for development, not
3 to exceed six(6)months from the date the Plan expires.
4 Section 2. The property will be used for private housing purposes to serve low/moderate income
5 families.
6 Section 3. Severability. In the event any title, section, paragraph, item, sentence,
7 clause, phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional,
8 such declaration or adjudication shall not affect the remaining portions of the resolution which
9 shall remain in full force and effect a if the portion so declared or adjudged invalid or
10 unconstitutional were not originally a part of the ordinance.
11 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are
12 inconsistent with the provisions of this resolution are hereby repealed to the extent of such
13 inconsistency.
14 ADOPTED: November 18,2025
15 ATTEST: APPROVED:
16
17 juw
18 Allison Segars,City tti Frank cott,Jr.,Mayor
19 APPROVED AS TO LEGAL FORM:
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21
22 pG, i" 4 i
23 Thomas M.Carpenter, ity A ney
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