HomeMy WebLinkAbout9358• • 106
1 RESOLUTION NO. 9,358
2
3 A RESOLUTION AUTHORIZING THE SALE OF CERTAIN
4 PROPERTY LOCATED IN THE LITTLE ROCK PORT
5 INDUSTRIAL PARK; AND FOR OTHER PURPOSES.
6
7 WHEREAS, Vinyl Building Products, Inc., a Delaware
8 corporation (the "Purchaser "), desires to purchase of certain
9
property
located in the Little Rock Port Industrial
Park owned by
10
the City
of Little Rock, Arkansas (the "City "),
substantially
11
described
as follows:
27, Page 86 in the Circuit Clerk's Office, Pulaski
12
A tract of land situated in the NEk NWk, Section 22
13
in Township 1 North, Range 11 West, City of Little Rock,
14
Pulaski County, Arkansas, being a part of Area 103 as
15
shown on the Little Rock Port Industrial Park Addition to
16
the City of Little Rock, Arkansas recorded in Plat Book
17
27, Page 86 in the Circuit Clerk's Office, Pulaski
18
County, Arkansas, being more particularly described as
19
follows:
20
21
Commencing at the NW corner of said Section 22;
22
thence S 010 25' 41" W, along the West line of said
23
Section 22, for a distance of 60.00 feet to the South
24
Right -of -Way line of Frazier Pike; thence S 870 52' 09"
25
E, along said South Right -of -Way line, 1,805.15 feet to
26
the Northeast corner of the Wheatland Tube property,
27
(Tract E -1) also being the Point of Beginning; thence
28
continuing along said South Right -of -Way line S 870 52'
29
09" E, 551.22 feet; thence continuing along the Right -of-
30
Way line of Frazier Pike, along a tangent curve to the
31
right having a 190 foot radius and a chord bearing and
32
distance of S 430 10' 46" E, 267.24 feet, for a distance
33
of 296.39 feet; thence continuing along the Right -of -Way
34
line of Frazier Pike S 010 30' 36" W, 1,074.81 feet to
35
the South line of the Nk NWk of said Section 22, also
36
being the South boundary of said Little Rock Port
37
Industrial Park Addition; thence N 871 46' 35" W, along
38
said South line of the Nk NWk, for a distance of 752.85
39
feet to the East line of said Wheatland Tube property;
40
thence N 020 07' 51" E, along the East line of the
41
Wheatland Tube property, 1,261.47 feet to the Point of
42
Beginning, said tract of land containing 21.441 acres
43
(933,965 S.F.), more or less;
44
45
WHEREAS, the City has been offered the sum of $374,500
46 for the property described above and is prepared to sell the
47 property for such price;
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
iWA
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
0
10'7
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors
of the City of Little Rock, Arkansas:
Section 1. The Board hereby finds that the proposed sale
will secure and develop industry in the Little Rock Port Industrial
Park, thereby providing substantial employment and payrolls.
Section 2. The sale of the property as substantially
described herein for the consideration stated is hereby approved,
and the Mayor is hereby authorized and directed to execute for and
on behalf of the City a Warranty Deed and the appropriate Plat and
Bill of Assurance, conveying said property to the Purchaser or its
designee, and the City Clerk is hereby authorized and directed to
attest said instruments and to deliver the same to the Office of
the City Attorney for delivery of same to the Purchaser or its
designee upon full payment of consideration in the sum of $374,500,
payable to the Little Rock Port Authority.
Section 3. This Resolution shall be in full force and
effect from the date of its adoption.
ADOPTED: April 4, 1995.
ATTEST:
City Clerk
Robbie Hancock
(SEAL)
APPROVED AS TO FORM:
City Attorney
Tom Carpenter
APPROVED:
Mayor
Jim Dailey
108
1 CERTIFICATE
2
3 The undersigned, City Clerk of the City of Little Rock,
4 Arkansas, hereby certifies that the foregoing is a true and
5 compared copy of a resolution passed at a regular session of the
6 Board of Directors of the City of Little Rock, Arkansas, held at
7 the regular meeting place of the Board at 6:00 o'clock p.m., on the
8 4th day of April, 1995.
9
10
11� City Clerk
12
13 (SEAL) ,
•
WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS:
M (ARRe"0#9,M") M _
CJ
109
That the City of Little Rock, Arkansas, GRANTOR, by its
Mayor and City Clerk, duly authorized by proper resolution of its
Board of Directors, for the consideration of the sum of One Hundred
Dollars ($100.00) and other good and valuable consideration, in
hand paid by the Arkansas Development Finance Authority, GRANTEE,
the receipt of which is hereby acknowledged, does grant, bargain,
sell and convey unto GRANTEE and unto its successors and assigns
forever the following described lands, situated in Pulaski County,
Arkansas:
A tract of land situated in the NE; NW;, Section 22
in Township 1 North, Range 11 West, City of Little Rock,
Pulaski County, Arkansas, being a part of Area 103 as
shown on the Little Rock Port Industrial Park Addition to
the City of Little Rock, Arkansas recorded in Plat Book
27, Page 86 in the Circuit Clerk's Office, Pulaski
County, Arkansas, being more particularly described as
follows:
Commencing at the NW corner of said Section 22;
thence S 010 25' 41" W, along the West line of said
Section 22, for a distance of 60.00 feet to the South
Right -of -Way line of Frazier Pike; thence S 870 52' 09"
E, along said South Right -of -Way line, 1,805.15 feet to
the Northeast corner of the Wheatland Tube property,
(Tract E -1) also being the Point of Beginning; thence
continuing along said South Right -of -Way line S 870 52'
09" E, 551.22 feet; thence continuing along the Right -of-
Way line of Frazier Pike, along a tangent curve to the
right having a 190 foot radius and a chord bearing and
distance of S 430 10' 46" E, 267.24 feet, for a distance
of 296.39 feet; thence continuing along the Right -of -Way
line of Frazier Pike S 010 30' 36" W, 1,074.81 feet to
the South line of the NZ NW; of said Section 22, also
being the South boundary of said Little Rock Port
Industrial Park Addition; thence N 870 46' 35" W, along
said South line of the NZ NW,, for a distance of 752.85
feet to the East line of said Wheatland Tube property;
thence N. 02° 07' 51" E, along the East line of the
Wheatland Tube property, 1,261.47 feet to the Point of
Beginning, said tract of land containing 21.441 acres
(933,965 S.F.), more or less.
TO HAVE AND TO HOLD the same unto GRANTEE and unto its
successors and assigns forever, with all appurtenances thereunto
belonging. And GRANTOR hereby covenants with GRANTEE that it will
forever warrant and defend the title to said lands against all
claims whatever.
• • 110
IN TESTIMONY WHEREOF, the name of GRANTOR is hereunto
affixed by its Mayor and attested and its seal affixed by its City
Clerk, this 'J}A� day of Q&r A , 1995.
CITY OF LITTLE ROCK, ARKANSAS
By
ayor
ATTEST:
City Clerk
(SEAL)
• g1?
ACKNOWLEDGMENT
STATE OF ARKANSAS
COUNTY OF PULASKI
Before me, a Notary Public duly commissioned, qualified
and acting within and for the County and State aforesaid, appeared
in person the within named Jim Dailey and Robbie Hancock, Mayor and
City Clerk, respectively, of the City of Little Rock, Arkansas, to
me personally well known, who stated that they were duly authorized
in their respective capacities to execute the foregoing instrument
for and in the name of the City, and further stated and
acknowledged that they had signed, executed and delivered the
foregoing instrument for the consideration, uses and purposes
therein mentioned and set forth.
IN TESTIMONY WHEREOF, I have hereunto set my hand and
official seal this 711t?-C day of 1995.
Notary Public
My commission expires:
(SEAL)
M