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Home My WebLink About16964 1 RESOLUTION NO. 16,964 2 3 A RESOLUTION TO TRANSFER TITLE PROPERTY TO MS NEWCON, 4 LLC, FROM THE CITY OF LITTLE ROCK, TO BE USED FOR 5 NEIGHBORHOOD REVITALIZATION PROGRAMS; AND FOR OTHER 6 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 various 10 City and federal funds,and in affirmative actions such as the creation of a Land Bank Commission; and, 11 WHEREAS,to accomplish this goal it is required that properties be obtained and sold by the City 12 in areas that are appropriate for revitalization; and, 13 WHEREAS, MS Newcon, LLC, owner of MS Newcon, LLC, has indicated a desire to accept 14 transfer from the City of Little Rock for the properties located: 15 1) 1808 Brown Street,Little Rock,AR 72204 16 Parcel Number: 34L1580000500 17 Purchased from Octavio Guerrero on 10/19/2010 18 2) 1601 S Elm Street,Little Rock,AR 72204 19 Parcel Number: 34L1570009200 20 Purchased from Equity Prop LLC on 11/1/2016 21 3) 1800 Brown St,Little Rock,AR 72204 22 Parcel Number: 34L1580000700 23 Purchased from HSBC Bank USA NA Trustee on 4/11/2011 24 4) 1817 S Brown St,Little Rock,AR 72204 25 Parcel Number: 34L1590009800 26 Purchased from Comm State Lands on 8/18/2010 27 5) 1812 Johnson Street,Little Rock,AR 72204 28 Parcel Number: 34L1590005600 29 Purchased from Equity Properties LLC on 10/3/2012 30 6) 3200 W 16th St,Little Rock,AR 72201 31 Parcel Number: 34L1480006100 32 Purchased from Little Rock Homes LLC on 8/5/2011 33 7) 1901 Booker St,Little Rock,AR 72204 [Page 1 of 3] 1 Parcel Number: 34L1590002000 2 Purchased from Little Rock Homes LLC on 9/30/2011 3 WHEREAS, the City wishes to transfer the property for use in its neighborhood revitalization 4 efforts; and, 5 WHEREAS,the Land Bank Commission has reviewed and recommended approval of the transfer 6 of said property to MS Newcon,LLC,as being in alignment with the goals and objectives of the Land Bank 7 Program and consistent with the City's long-range redevelopment strategies;and, 8 WHEREAS, state law requires that the City transfer the properties by resolution adopted by the 9 Board of Directors;and, 10 WHEREAS, it is in the best interest of the City to transfer the property to MS Newcon, LLC, to 11 promote neighborhood revitalization,eliminate blight,and encourage investment and development. 12 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE 13 CITY OF LITTLE ROCK,ARKANSAS: 14 Section 1.The Board of Directors hereby transfers property described as 1601 S Elm Street,Little 15 Rock, AR, 72204 (Parcel # 34L1570009200), 1808 Brown Street, Little Rock, AR 72204 (Parcel # 16 34L1580000500), 1800 Brown St, Little Rock, AR 72204 (Parcel # 34L1580000700), 1817 S Brown St, 17 Little Rock, AR 72204 (Parcel #34L1590009800), 1812 Johnson Street, Little Rock, AR 72204 (Parcel 18 #34L1590005600), 3200 W 16th St, Little Rock, AR 72201 (Parcel#34L1480006100), 1901 Booker St, 19 Little Rock,AR 72204(Parcel#34L1590002000) in favor of MS Newcon, LLC. 20 (a) Unless expressly authorized by the City Board of Directors any approved 21 Development Site Plan shall be completed within one 1)-year from the date approval of the Plan 22 is granted. 23 (b) If the developer has made substantial progress toward completion of the 24 Development Site Plan, the Commission may approve an extension of time for development, not 25 to exceed six(6)months from the date the Plan expires. 26 Section 2.The property will be used for private housing purposes to serve low/moderate income 27 families. 28 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, 29 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such 30 declaration or adjudication shall not affect the remaining portions of the resolution which shall 31 remain in full force and effect a if the portion so declared or adjudged invalid or unconstitutional 32 were not originally a part of the ordinance. [Page 2 of 3] 1 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same that are 2 inconsistent with the provisions of this resolution are hereby repealed to the extent of such 3 inconsistency. 4 ADOPTED: February 17,2026 5 ATTEST: APPROVED: 6 7 8 &DAV - , 9 Allison Segars,City Clerk Frank Scott,Jr.,Mayor 10 APPROVED AS TO LEGAL FORM: 11 12 13 N. ',- 14 Thomas M.Carpenter,City Attorney 15 // 16 I 17 // 18 // 19 II 20 // 21 // 22 // 23 // 24 // 25 // 26 I 27 // 28 // 29 // 30 // 31 // 32 // [Page 3 of 31