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M ME%= M = =IS==== M
RESOLUTION NO. 7,980
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE THE NECESSARY DOCUMENTS TO
CONVEY THE CITY OF LITTLE ROCKS INTEREST IN
A TRACT OF LAND LOCATED AT 12103 INTERSTATE
30 TO AFFILIATED FOOD STORES, INC.
WHEREAS, the City of Little Rock, Arkansas and the
Affiliated Food Stores, Inc. entered into a Lease and Agreement
as part of an Industrial Development Revenue Bond Issue on
August 1, 1986; and
WHEREAS, said Lease and Agreement gave Affiliated Food
Stores, Inc. an option to purchase a certain tract of land
conveyed to the City of Little Rock, Arkansas under the Bond
Issue; and
WHEREAS, the Affiliated Food Stores, Inc. has chosen to
exercise its option to purchase the property pursuant to Section
XX of said Lease and Agreement; and
WHEREAS, Affiliated Food Stores, Inc. has complied with
the provisions set forth in said Lease and Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That pursuant to the terms and conditions of
the Trust Indenture and the Lease and Agreement, the Mayor and
the City Clerk were authorized to execute the necessary
documentation to sell, convey and deed over to the Affiliated
Food Stores, Inc. all of the City of Little Rock, Arkansas'
interest in and to that certain tract of land located at 12103
Interstate 30, Little Rock, Pulaski County, Arkansas, more
particularly described in the attachment hereto. Said
documentation to include but not be limited to a Special
Warranty Deed.
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SECTION 2. This resolution shall be in full force and
effect from and after its adoptions.
ADOPTED: July 5, 1988
ATTEST:
C Y CLERK J NE CZECH
APPROVED AS TO ORM:
MARK STODOLA, CITY ATTORNEY
APPROVED:
62 fta� '440��
M AYOR LOTTIE SHACKELFORD
245
246
E8J2'7037
SPECIAL WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS:
That the City of Little Rock, a city of the first class,
duly existing under and by virtue of the laws of the State of
Arkansas (hereinafter "GRANTOR "), by its Mayor and City Clerk,
duly elected and authorized by proper resolution of its Board
of Directors, for the consideration of the sum of L e v\,
Dollars ($ 10 , 0-0 ) and other good and valuable consideration
in hand paid by The Affiliated Food Stores, Inc. (hereinafter
"GRANTEE" whether corporate or individual, singular or plural,
male or female), the receipt of which is hereby acknowledged,
does grant, sell and convey unto GRANTEE and unto GRANTEE'S
heirs, successors and assigns, as the case may be, forever, the
following described land lying in Pulaski County, Arkansas:
TRACT 1: 00 1
A TRACT OF LAND LOCATED IN THE SE1 /4 NW1 /4 SECTION 9/;.
AND ALSO IN THE NE1 /4 SW1 /9 SECTION 9, IN TOWNS HQ,jI , ?.• {SrAa ';'�
SOUTH, RANGE 13 WEST OF THE FIFTH PRINCIPAL MERID,$ -6N, `
CITY OF LITTLE ROCK, PULASKI COUNTY, ARKANSAS, E; !ING
MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT
THE SOUTHWEST CORNER OF THE SE1 /4 NW1 /4 OF SAID
SECTION 9, TOWNSHIP 1 SOUTH, RANGE 13 WEST; THENCE
ALONG THE WEST LINE OF THE SEl /4 NWl /4 SECTION' 9,
NORTH 02 DEGREES 09 MINUTES 28 SECONDS EAST, 1257.67
FEET; THENCE SOUTH 45 DEGREES 26 MINUTES 48 SECONDS
EAST, 758.17 FEET; THENCE SOUTH 02 DEGREES 54 MINUTES
55 SECONDS WEST 307.87 FEET; THENCE ALONG A CURVE TO
THE LEFT, SAID CURVE HAVING A RADIUS OF 358.31 FEET,
AND A CHORD BEARING AND DISTANCE OF SOUTH 19 DEGREES
29 MINUTES 35 SECONDS EAST, 273.18 FEET; THENCE SOUTH
48 DEGREES 06 MINUTES 01 SECONDS WEST, 146.80 FEET;
THENCE SOUTH 02 DEGREES 54 MINUTES 55 SECONDS WEST,
645.12 FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE
OF THE MISSOURI PACIFIC RAILROAD; THENCE ALONG SAID
NORTH RIGHT OF WAY LINE OF THE MISSOURI PACIFIC
RAILROAD SOUTH 83 DEGREES 17 MINUTES 35 SECONDS WEST,
553.12 FEET TO A POINT ON THE WEST LINE OF THE NE1 /4
SWI /4 SECTION 9; THENCE ALONG SAID WEST LINE OF THE
NE1 /4 SWl /4 SECTION 9, NORTH 02 DEGREES 30 MINUTES 12
SECONDS EAST, 647.67 FEET TO THE POINT OF BEGINNING.
TO HAVE AND TO HOLD the same unto GRANTEE and unto
GRANTEE'S heirs, successors and assigns, as the case may be,
forever, with all appurtenances thereunto belonging. And
GRANTOR hereby covenants with GRANTEE that it will forever
warrant and defend the title to said land against all claims or
encumbrances done or suffered by Grantor but against none other.
A.
0001T (52388)
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ab
IN TESTIMONY WHEREOF, the name of GRANTOR is hereunto
affixed by its Mayor and asst. Citv Clerk
this 25th day of May 1988.
THE CITY OF LITTLE ROCK, ARKANSAS
By,;I
ottie k or
Office: Mayor
ATTEST:
v 1 a ncoc !fe r
Office: Asst, Citv Clerk
(CORPORATE SEAL)
ACKNOWLEDGMENT
STATE OF ARKANSAS )
COUNTY OF PULASKI )
on this day before me, the undersigned officer, personally
appeared Lottie Shackelford and Robbie Hancock I to me
personally well known, who acknowledged themselves to be
the Mayor and Asst. City Clerk respectively, of
THE CITY OF LITTLE ROCK, ARKANSAS, and that they, as such
officers, being authorized by proper resolution of its Board of
Directors, had executed the foregoing instrument for the
consideration and purposes therein contained by signing the
name of the corporation by themselves as such officers.
WITNESS my hand and official seal this 25th day of May
My Commission Expires:
(S E A L)
0001T (52388)
Notary Pu6lic
I certify under penalty of false swearing
that at least the legally correct amount of
documentary stamps have been placed on this
instrument. Exempt or no consideration paid
if none show
GRANTEE OR GEN
GRANTEE 'SA
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