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RESOLUTION NO. 9,035
A RESOLUTION AUTHORIZING THE
CONVEYANCE OF EXCESS STREET
RIGHT -OF -WAY TO FIRST COMMERCIAL
BANK; AND FOR OTHER PURPOSES.
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WHEREAS, First Commercial Bank, N.A. (the "bank") proposes
to construct a branch bank facility at the southwest corner of
Wright Avenue and Chester Street; and
WHEREAS, a portion of platted right -of -way of Wright Avenue
and 17th Street adjacent to the proposed bank has not been used
or constructed for street purposes, and has been closed by
ordinance of the Board of Directors; and
WHEREAS, said portion of excess right -of -way is needed by
First Commercial Bank for its use as a branch bank facility at
this location; and
WHEREAS, the Board of Directors has determined that the
portion of closed right -of -way vested in the City is in excess
of current and future requirements for street right -of -way
purposes; and
WHEREAS, the Board determines that said excess right -of -way
may be conveyed to the bank upon consideration of the bank's
payment of the fair market value of the right -of -way.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the Mayor and the City Clerk are hereby
authorized to execute a Warranty Deed of the excess right -of -way
described in the deed attached hereto as Exhibit "A ", to First
Commercial Bank, N.A., in consideration of the bank's payment to
the City of the amount of $2,000 for the land.
ADOPTED: November 2, 1993
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WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS:
That the CITY OF LITTLE ROCK, an Arkansas municipal
corporation, GRANTOR, by its Mayor, duly authorized by proper
resolution of the Board of Directors, for and in consideration of
the sum of Two Thousand Dollars ($2,000) and other valuable
consideration, the receipt of which is hereby acknowledged, does
hereby grant, bargain, sell and convey unto First Commercial Bank,
N.A., an Arkansas Corporation, GRANTEE, and unto its successors
and assigns forever, the following described lands in the County
of Pulaski and State of Arkansas, to wit:
Part of Lots 9, 10, and 11, Block 274 Fulk's
Subdivision of Centennial Addition to the City of
Little Rock, and that portion of Wright Avenue
adjacent to the North lot line of Lot 12 of Block
25, Wright's Addition, all in Pulaski County,
Arkansas, more particularly described as follows:
Commencing at the SE Corner of Block 274, Fulk's
subdivision of Centennial Addition to the City of
Little Rock, Arkansas, said corner lying on the
north right -of -way of Wright Avenue and west
right -of -way of Chester Street, said corner being
also the true point of beginning; thence N
87 029110" W 100.41 feet along the old north
right -of -wax of Wright Avenue to a point on the
present right -of -way line of Wright Avenue
Bypass; thence Northeasterly along said present
right -of -way line, being the arc of a 1,123.37
foot radius curve concave to the Northwest and a
central angle of 40 011123 ", having a chord
bearing and distance of N 75 003112" E, 109.35
feet to a point, said point being also the
intersection of the south right -of -way of the
said present Wright Avenue Bypass and the west
right -of -way of Chester Street; thence S
09 017120" W 33.04 feet along the west
right -of -way of Chester Street to the true point
of beginning; and also the north one -half of the
old right -of -way of 17th Street lying north of
Lot 12, Block 25, Wright's Addition and south of
the present right -of -way of Wright Avenue Bypass;
containing 4,344 square feet (0.10 acre), more or
less.
Basis for bearing and distance is a plat dated
October 20, 1966, by Robert W. Threet, Arkansas
Registered Professional Engineer 1189 and labeled
R.O.W. Dedication, Wright Avenue By Pass.
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TO HAVE AND TO HOLD unto said Grantee, and unto its
successors and assigns forever, with all the tenements,
appurtenances and hereditaments thereunto belonging or in anywise
appertaining.
And Grantor hereby covenants with the said Grantee that it
will forever warrant and defend title to said lands against any
and all claims and encumbrances whatsoever.
IN WITNESS WHEREOF, the Grantor has caused these presents
to be signed by its Mayor and its Clerk, and its corporate seal to
be hereby affixed, all in accordance with and pursuant to lawful
action of its Board of Directors, on this day of
, 1993.
CITY OF LITTLE ROCK, ARKANSAS
BY: #a /
Jim ai ey, —mayor I
ATTEST:
Robbie Hancock, City Clerk
PREPARED BY THE OFFICE OF THE LITTLE ROCK CITY ATTORNEY
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STATE OF ARKANSAS)
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COUNTY OF PULASKI)
I, notary public in
and for said county in the state aforesaid, do hereby certify that
Mayor Dailey, personally known to me to be the Mayor of the City
of Little Rock, Arkansas, and Robbie Hancock, personally known to
me to be the City Clerk of the City of Little Rock, Arkansas,
appeared before me this day in person and severally acknowledged
that as such City Mayor and City Clerk, they signed and sealed the
said instrument and caused the seal of said City of Little Rock to
be affixed thereto pursuant to the authority of the Board of
Directors of the City of Little Rock, Arkansas, as to their free
and voluntary act and deed of said City of Little Rock, Arkansas,
for the uses and purposes therein set forth.
Given under my hand and notarial seal this day of
. 1993.
Notary Public
My Commission Expires: