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Home My WebLink About22738 1 ORDINANCE NO. 22,738 2 3 AN ORDINANCE TO CREATE THE CHENAL VALLEY MUNICIPAL 4 PROPERTY OWNERS MULTI-PURPOSE IMPROVEMENT DISTRICT NO. 5 2026-001; TO ESTABLISH THE BOUNDARIES THEREOF; TO APPOINT 6 COMMISSIONERS; AND FOR OTHER PURPOSES. 7 8 WHEREAS, property owners who claim to be all of the owners of record title of real property 9 located within a proposed municipal property improvement district as described in Exhibit A have filed 10 a petition with the City seeking the formation of such district; and, 11 WHEREAS, pursuant to applicable Arkansas law, the City Clerk and Board of Directors of the 12 City of Little Rock, Arkansas, set a public hearing by Resolution to consider the creation of said 13 district; and, 14 WHEREAS, after due notice as required by law, a public hearing was held at 6:00 p.m. in the 15 Board Meeting Room on the second floor of City Hall, 500 West Markham,Little Rock,Arkansas,on 16 Tuesday, March 3, 2026, at which time all persons desiring to be heard were given the opportunity to 17 be heard;and, 18 WHEREAS, the Board of Directors finds that the petition was signed by persons claiming to be 19 all of the owners of record title of the real property located within the proposed district; that the 20 proposed district is in the best interest of the property owners therein and the City;and that all statutory 21 requirements for the creation of the district have been satisfied. .,11„;: i i t i t:r ORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE 23 CITY OF LITTLE ROCK,ARKANSAS: 24 Section 1.Creation of District.There is hereby created a municipal property owners improvement 25 district to be known as Chenal Valley Municipal Property Owners Multi-Purpose Improvement District 26 No. 2026-001 (the "District"). 27 Section 2. Boundaries. The boundaries of the District shall be as set forth in Exhibit A attached 28 hereto and incorporated herein by reference. 29 Section 3. Purpose. The District is created for the purpose of financing, acquiring, constructing, 30 equipping, operating, and maintaining the improvements generally described in Exhibit B attached 31 hereto and incorporated herein by reference, together with all necessary, incidental, and related 32 improvements as authorized by law. [Page 1 of 61 1 Section 4. Commissioners. The following persons, being qualified electors of the State of 2 Arkansas and owners of property within the District, are hereby appointed as the initial Board of 3 Commissioners of the District,to serve until their successors are elected and qualified as provided by 4 law: 5 1. Sean Hoagland 6 2. Thomas Russell 7 3. Greg Stewart 8 The Commissioners shall take the oath of office required by law and shall organize and operate the 9 District in accordance with applicable Arkansas statutes. 10 Section 5. Powers. The District shall have all powers granted to municipal property owners' II improvement districts under the laws of the State of Arkansas, including but not limited to the power 12 to assess benefits, levy assessments, issue bonds, and enter into contracts necessary to accomplish the 13 purposes of the District. 14 Section 6. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 15 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 16 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 17 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 18 resolution. 19 Section 7. Repealer.All laws, ordinances,resolutions,or parts of the same,that are inconsistent with 20 the provisions of this resolution,are hereby repealed to the extent of such inconsistency. 21 PASSED: March 3,2026 22 ATTEST: APPROVED: 23 24 AS—IgVH ,�, 25 Allison Segars,Ci Cle Frank Scott,Jr.,Mayor 26 APPROVED AS TO LEGAL FORM: 27 28 29 /„9—/44.4„, " r c • 30 Thomas M. Carpenter,City Atto ney 31 // 32 // 33 // 34 // [Page 2 of 6] 1 EXHIBIT A 2 3 DISTRICT BOUNDARY DESCRIPTION: 4 5 PART OF SECTION 15, 22 AND 23, ALL IN T-2-N, R-14-W, LITTLE 6 ROCK, PULASKI COUNTY, ARKANSAS, MORE PARTICULARLY 7 DESCRIBED AS FOLLOWS: 8 9 COMMENCING AT THE SOUTHWEST CORNER OF CHENAL 10 VALLEY PHASE 12C, KNOWN AS ABERDEEN SUBDIVISION, AN 11 ADDITION TO THE CITY OF LITTLE ROCK, PULASKI COUNTY, 12 ARKANSAS. SAID POINT ALSO BEING ON THE NORTHERN RIGHT- 13 OF-WAY OF CHENAL PARKWAY; THENCE S07°36'24"W, 144.16 14 FEET TO A POINT ON THE SOUTHERN RIGHT-OF-WAY OF 15 CHENAL PARKWAY. SAID POINT ALSO BEING THE POINT OF 16 BEGINNING; THENCE ALONG SAID SOUTHERN RIGHT-OF-WAY 17 THE FOLLOWING COURSES: 1) S68°32'52"E,501.50 FEET; 2)ALONG 18 THE ARC OF A 2794.70 FOOT RADIUS CURVE TO THE RIGHT, 19 HAVING A CHORD BEARING AND DISTANCE OF S65°49'02"E,266.26 20 FEET; 3) S63°05'13"E, 38.95 FEET; 4) N26°54'47"E, 10.00 FEET; 4) 21 S63°05'13"E,1200.00 FEET; 5)S26°54'47"W,10.00 FEET;6)S63°05'13"E, 22 214.29 FEET; 7)ALONG THE ARC OF A 884.93 FOOT RADIUS CURVE 23 TO THE RIGHT, HAVING A CHORD BEARING AND DISTANCE OF 24 S62°00'56"E, 33.09 FEET; 8) N29°03'21"E, 10.00 FEET; 9) ALONG THE =,.. Ur A 894.93 FOOT RADIUS CURVE TO THE RIGHT, HAVING A 26 CHORD BEARING AND DISTANCE OF S47°18'58"E, 421.73 FEET 10) 27 S56°18'43"W, 20.00 FEET; 11) ALONG THE ARC OF A 874.93 FOOT 28 RADIUS CURVE TO THE RIGHT,HAVING A CHORD BEARING AND 29 DISTANCE OF S15°32'46"E, 552.30 FEET; 12) S02°51'08"W, 276.67 30 FEET; 13)ALONG THE ARC OF A 1034.93 FOOT RADIUS CURVE TO 31 THE LEFT, HAVING A CHORD BEARING AND DISTANCE OF 32 S25°17'01"E, 976.07 FEET; 14) S53°25'09"E, 72.19 FEET; 15) 33 N36°34'S0"E, 10.00 FEET; 16) S53°25'10"E, 649.99 FEET; 17) [Page 3 of 6] 1 S36°34'S0"E, 10.00 FEET; 18) S53°25'10"W, 13.28 FEET; 19) ALONG 2 THE ARC OF A 874.93 FOOT RADIUS CURVE TO THE RIGHT, 3 HAVING A CHORD BEARING AND DISTANCE OF S37°44'30"E,498.08 4 FEET; 20) S68°47'02"W, 40.00 FEET; THENCE LEAVING SAID RIGHT 5 OF WAY THE S68°47'02"W, 474.56 FEET; THENCE N53°25'10"W, 6 1785.75 FEET; THENCE NO2°51'08"E, 1332.71 FEET; THENCE 7 N63°05'13"W, 624.86 FEET; THENCE S26°54'47"W, 749.13 FEET; 8 THENCE N63°05'13"W, 1144.80 FEET; THENCE N00°01'00"E, 1422.61 9 FEET TO THE POINT OF BEGINNING, CONTAINING 96.89 ACRES, 10 MORE OR LESS 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 II 19 // 20 // 21 // 22 // 23 /I 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // [Page 4 of 6i 1 EXHIBIT B 2 3 Description of Improvements 4 5 The improvements to be undertaken by the proposed district are generally 6 as follows: (i)constructing new,and improvements to,existing public streets 7 and roadways together with sidewalks and pedestrian paths appurtenant 8 thereto, storm drains and street lights for the new southern extension of 9 Chenonceau Boulevard,and such other street and road improvements and 10 secondary access drives incidental thereto as depicted in the map attached 11 as Exhibit B; together with modification to Chenal Parkway to allow for 12 construction of the fourth leg of the intersection of Chenal Parkway and 13 Chenonceau Boulevard, and to open, grade, drain, pave, curb, gutter or 14 otherwise improve such other streets,roads,highways,and every other way 15 for passage and use of vehicles, and including sidewalks, pedestrian trails 16 and walkways, viaducts, underpasses and appurtenant lighting, including 17 but not limited to modification of existing traffic signals and construction of 18 additional traffic signals at the intersection of Chenal Parkway and 19 Chenonceau Boulevard, either within or without the boundaries of the 20 District if the Property of the District will be benefited thereby, and such 21 purpose shall include the acquisition of rights of way by purchase or the 22 exercise of the power of eminent domain, and to maintain such streets, 23 roads, highways, and every other way for passage and use by vehicles and 24 pedestrians, lying within the boundaries of the District or beyond the 25 boundaries of the District if the Property of the District will be benefited 26 thereby; (ii) constructing new and modifying existing water mains along 27 Chenal Parkway and additional water mains and appurtenances at other 28 locations within or without the District as depicted on the map attached as 29 Exhibit B and other appurtenant water improvements either within or 30 without the boundaries of the District if the Property of the District will be 31 benefited thereby; (iii) constructing sanitary sewer gravity mains and 32 appurtenances,including roadway bores and appurtenances,as depicted on 33 the map attached as Exhibit B and other appurtenant sewer improvements (Page 5 of 61 1 either within or without the boundaries of the District if the Property of the 2 District will be benefited thereby; (iv) acquiring and constructing electric 3 junction boxes, electric conduits, underground power lines, street lighting, 4 electrical distribution conduits, roadway boxes, conductors, pull boxes, 5 switchgears and switchgear pads,and other electric utility improvements as 6 depicted on the map attached hereto as Exhibit B either within or without 7 the boundaries of the District if the property of the District will be benefited 8 thereby; (v) constructing stormwater detention facilities,drainage culverts, 9 headwalls, and storm drainage facilities as depicted on the map attached as 10 Exhibit B and other appurtenant stormwater facilities and improvements 11 either within or without the boundaries of the District if the Property of the 12 District will be benefitted thereby; (vi) payment of professional fees related 13 to the design and construction of work described herein, and all other 14 purposes authorized by Ark. Code Ann. Title 14, Chapter 94 and 15 amendments thereto; and(vii)conducting any and all other acts which shall 16 be deemed necessary in order to purchase, construct, accept as a gift, 17 operate and maintain any and all improvements authorized therein 18 (together, the "Project"). Said purposes are to be accomplished in the 19 manner and with the materials that the commissioners for the District shall 20 deem to be in the best interest of the District and as specified by law. The 21 cost of the Project shall be assessed upon the real property of the District 22 according to the benefits received. 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // [Page 6 of 61