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1 RESOLUTION NO. 11,015
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3 A RESOLUTION AUTHORIZING THE MAYOR AND
4 CITY CLERK TO EXECUTE A DEED OF 24.78
5 ACRES TO DELTIC TIMBER CORPORATION; AND
6 FOR OTHER PURPOSES.
7 WHEREAS, on December 16, 1997, the Little Rock Board of Directors (the
8 "Board ") authorized an exchange of real property with Deltic Timber Corporation
9 "Deltic "), and
10 WHEREAS, the resolution authorized the City to exchange property that was
11 previously dedicated to the City by Deltic, for a 24.78 acre tract of ground Deltic owned
12 and was deemed by the City to be more suitable for City purposes, and
13 WHEREAS, the City and Deltic executed an Exchange Deed on December 22,
14 1997, in which the City acquired the 24.78 acre parcel and exchange other property
15 owned by the City to Deltic, and
16 WHEREAS, Deltic has expressed its desire to have the City sell the 24.78 acre
17 parcel back to Deltic for Twenty Thousand and no/ 100 Dollars ($20,000.00) per acre,
18 and
19 WHEREAS, the Board deems it appropriate to convey the property back to
20 Deltic for Twenty Thousand and no/ 100 Dollars ($20,000.00) per acre which purchase
21 price is to be used by the City toward purchase of an alternative park site for west Little
22 Rock.
23 . NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
24 DIRECTORS OF THE CITY OF LTI"TLE ROCK, ARKANSAS:
25 Section 1. The Mayor and City Clerk are authorized to execute a deed in
26 substantially the form attached hereto as Exhibit "A ", upon the approval of the City
27 Attorney, for the sale of 24.78 acres of property to Deltic Timber Corporation.
PAORD.RESOELTIC
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1 Section 2. Severability. In the event any title, subtitle, section, subsection,
2 subdivision, paragraph, subparagraph, item, sentence, clause, phrase, or word of this
3 resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
4 adjudication shall not affect the remaining portions of the resolution which shall remain
5 in full force and effect as if the portion so declared or adjudged invalid or
6 unconstitutional was not originally a part of the resolution.
7 Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same,
8 that are inconsistent with the provisions of this resolution are hereby repealed to the
9 extent of such inconsistency.
10 ADOPTED: February 20, 2001
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12 ATTEST: APPROVED:
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15 Naicy W96d, City Clerk J' ailey, Mayor
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17 AP'P'ROVED AS TO LEGAL FORM:
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20 Thomas M. Carpenter, CitkRttorney
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PAORD.RESOELTIC -2-
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P.vrVIVAeI VA 01900DI
KNOW ALL MEN BY THESE PRESENTS:
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That the CITY OF LITTLE ROCK, Grantor, duly authorized by resolution of its Board
of Directors, for and in consideration of Ten Dollars ($10.00) and other valuable consideration,
receipt of which is hereby acknowledged, does hereby grant, bargain, sell and convey unto
DELTIC TIMBER CORPORATION, a Delaware Corporation and successor by merger with
DELTIC FARM & TIMBER CO., INC., Grantee, all of Grantor's right, title and interest in
and to the following described lands lying in the County of Pulaski and State of Arkansas, to-
wit:
A part of the South 1/2 of Section 24 and a part of the North 1/2 of
Section 25, Township 2 North, Range 14 West, Pulaski County,
Arkansas, more particularly described as:
Starting at the Northwest corner of the SW 1/4 SE 1/4 of Section 24;
thence South 89' 12' 06" East, along the north line thereof, 458.04 ft.;
Thence South 01' 20'48" West, 1359.03 ft.;
Thence South 73° 37' 16" West, 594.07 ft.;
Thence North 32° 40' 41" West, 100.27 ft.;
Thence Northwesterly along the arc of a 716.20 ft. radius curve to the
right, a chord bearing and distance of North 27° 14'24" West, 135.75
feet;
Thence North 21' 48'07" West, 776.84 ft.;
Thence Northeasterly along the arc of a 881.47 ft. radius curve to the
left, a chord bearing and distance of North 410 03119" East, 804.27 ft.
to a point on the north line of the SE 1/4 SW 1/4 of said Section 24;
Thence South 89° 12' 06" East along said North line, 20.46 ft. to the
point of beginning, containing 24.78 acres, more or less.
SUBJECT TO all easements, agreements, and restrictions of record affecting the above
described land.
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TO HAVE AND TO HOLD the same unto the said Grantee and unto its successors and
assigns forever, with all appurtenances thereunto belonging.
IN WITNESS WHEREOF, the Grantor has caused this Quitclaim Deed to be signed
in its name and behalf by the Mayor and its corporate seal to be hereunto affixed and attested
by the City Clerk as of this day of 2001.
ATTEST:
CITY OF LITTLE ROCK, ARKANSAS
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Jim Dailey, Mayor
Prepared by the Office of the Little Rock City Attorney
Nancy Wood, City Clerk
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STATE OF ARKANSAS )
)SS
COUNTY OF PULASKI )
I, , notary public in and for said county in the state
aforesaid, do hereby certify that Jim Dailey, personally known to me to be the Mayor of the
City of Little Rock, Arkansas, and Nancy Wood, personally known to me to be the City Clerk
of the City of Little Rock, 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 the authority of the Board of Directors of the City of Little Rock, Arkansas, as 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 2001.
Notary Public
My Commission Expires:
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WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS:
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That City of Little Rock, Arkansas, acting by and through Mayor Jim Dailey, being duly
authorized ( "Grantor "), for and in consideration of the sum of Ten Dollars ($10.00) and other good
and valuable consideration, in hand paid by Deltic Real Estate Investment Company, a Delaware
corporation, whose address is 210 East Elm Street, El Dorado, Arkansas 71731 ( "Grantee "), the
receipt of which is hereby acknowledged, does hereby grant, bargain, sell and convey unto said
Grantee and unto its successors and assigns forever, all its right, title, interest and claim in and to the
following lands lying in Pulaski County, Arkansas:
A part of the S/2 of Section 24 and part of the N/2 of Section 25, Township 2 North,
Range 14 West, Pulaski County, Arkansas, more particularly described as:
Starting at the Northwest corner of the SW /4 SE /4, said Section 24; thence Soutl4-89•..
deg. 12 min. 06 sec. East, along the north line thereof, 458.04 ft.; thence South OI
deg. 20 min. 48 sec. West 1359.03 ft.; thence South 73 deg. 37 min. 16 sec. West
594.07 ft.; thence North 32 deg. 40 min. 41 sec. West, 100.27 ft.; thedce
Northwesterly along the arc of a 716.20 ft. radius curve to the right, a chord bearing
and distance of North 27 deg. 14 min. 24 sec. West 135.75 feet; thence North 21 deg.
48 min. 07 sec. West, 776.84 ft.; thence Northeasterly along the arc of a 881.47 ft.
radius curve to the left, a chord bearing and distance of North 41 deg. 03 min. 19 sec.
East, 804.27 ft. to a point on the north line of the SEA SWA of said Section 24;
thence South 89 deg. 12 min. 06 sec. East along said North line, 20.46 ft. to the point
of beginning, containing 24.78 acres more or less.
This conveyance is made free and clear of all restrictions and covenants contained in an
Exchange Deed dated December 22, 1997 between Deltic Timber Corporation and City of Little
Rock, Arkansas, filed for record on January 15, 1998 as Instrument No. 98- 203422, with the Circuit
Clerk and Ex -Officio Recorder of Pulaski County, Arkansas.
To have and to hold the same unto the said Grantee and unto its successors and assigns,
forever, with all appurtenances hereunto belonging.
This instrument prepared by:
James C. Clark, Jr.
FRIDAY, ELDREDGE & CLARK
2000 Regions Center
400 West Capitol
Little Rock, Arkansas 72201 -3493
F:V OMEWATPDELTIL\Cityo R.DTC.WD.wpd
I certify under penalty of false swearing that at least the legally correct
amount of documentary stamps has been placed on this instrument.
Exempt or no consideration paid if none shown.
NAME OF GRANTEE: *Deltic Real Estate Investment Company
ADDRESS: * 210 East Elm Street
* El Dorado, AR 71731
SIGNATURE:
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And Grantor hereby covenants with said Grantee that it will forever warrant and defend the
title to the said lands against all claims whatever.
WITNESS MY HAND AND SEAL on this a day of aaA 2001.
ATTEST:
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N Y 161), CITY CLERK
STATE OF ARKANSAS )
) ss.
COUNTY OF PULASKI )
CITY OF LITTLE ROCK, ARKANSAS
BY: kq��j
JI AILEY, MAYOR
ACKNOWLEDGMENT
On this afkday of L" 2001, before me, a Notary Public, duly
commissioned, qualified and acting within and fyr said County and State, appeared in person the
within named Jim Dailey and Nancy Wood, to me personally well known, who stated that they were
the Mayor of the City of Little Rock, Arkansas and the City Clerk of the City of Little Rock,
Arkansas, respectively, and were duly authorized in their respective capacities to execute the
foregoing instrument for and in the name and behalf of said City, and further stated and
acknowledged that they had so signed, executed and delivered said 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.
:NOTARY:
My Commission expires:_ ��..
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