HomeMy WebLinkAbout7863RESOLUTION NO.'.7FS63
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A WARRANTY DEED IN FAVOR OF
OMEGA TUBE & CONDUIT CORPORATION PURSUANT TO
AN OFFER TO PURCHASE ENTERED INTO BY THE
LITTLE ROCK PORT AUTHORITY AND OMEGA TUBE &
CONDUIT CORPORATION FOR APPROXIMATELY TEN
(10) ACRES, IN THE LITTLE ROCK PORT
INDUSTRIAL PARK, SAID DEED TO CONVEY THE
LAND AS DESCRIBED HEREIN AND TO BE DELIVERED
UPON PAYMENT OF THE TOTAL AMOUNT OF THE
PURCHASE PRICE; AND FOR OTHER PURPOSES.
WHEREAS, the Little Rock Port Authority (the "Port
Authority ") has received an offer for the sale of the real
property described below to Omega Tube & Conduit Corporation, an
Arkansas corporation ( "Omega "); and
WHEREAS, the Port Authority has requested that such
real property be conveyed by the City of Little Rock, Arkansas
(the "City ") to Omega;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. Omega Tube & Conduit Corporation has
offered to purchase approximately 10 acres of land, Little Rock
Port Industrial Park, pursuant to an offer to purchase, dated
October 29, 1987. The tract of land under consideration is more
particularly described as follows:
A tract of land situated in the Northwest ; of the
Northwest ; of Section 22, Township 1 North, Range 11
West of the Fifth Principal Meridian, City of Little
Rock, Pulaski County, Arkansas, being more
particularly described as follows:
Commencing at the Northwest Corner of said Section 22,
T -1 -N, R -11 -W; thence S01 025'41 "W, 60.00 feet to a
point on the South right -of -way line of Frazier Pike;
thence along said South right -of -way line,
S87 052'09 "E, 941.40 feet to the Point of Beginning;
thence continuing along said South right -of -way line
S87 052'09 "E, 345.59 feet; thence S02 007'51 "W, 1260.63
feet to a point on the South property line of the
Little Rock Port Industrial Park; thence along said
South line, N87 048'31 "W, 345.59 feet; thence
NO2 007'51 "E, 1260.26 feet to the Point of Beginning,
and containing 10.00 acres, more or less.
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Section 2. As per the terms of the offer to purchase,
there shall be paid to the City the sum of $205,720 for the
property described above. The amount of $5,000 received with
the offer to purchase shall be applied against the sum of
$205,720.
Section 3. The Board of Directors of the City hereby
approves the sale of the property described herein to Omega 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 Omega; 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 Omega upon full payment of
consideration in the sum of $205,720.
Section 4. This Resolution shall be in full force and
effect from the date of its adoption.
ADOPTED: November 17 , 1987.
APPROVED:
ATTEST:
By
Mayo ttie Sh el ord
Ci I Cler JEn-qy Czech
(SEAL)
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