Loading...
HomeMy WebLinkAbout184322002173309 09/03/2002 09:30:13 AN . . Filed a Recorded of Official Records of CAROLYN STALEY PULASKI COUNTY ORDINANCE NO. 18,432 CIRCUIT /COUNTY CLERK Fees $41.00 AN ORDINANCE ESTABLISHING THE CHENAL VALLEY MUNICIPAL PROPERTY OWNERS MULTI- PURPOSE IMPROVEMENT DISTRICT NO. 9 OF LITTLE ROCK, ARKANSAS; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS, property owners, claiming to be all the owners of record title of real property located within the territory hereinafter described have filed petitions on February 9, 2001, praying that a municipal property owners improvement district be established pursuant to Ark. Code Ann. Title 14, Chapter 94 for the purposes herein set out, and WHEREAS, the Board of Directors of the City of Little Rock, Arkansas has authority to create such a municipal property owners improvement district in that all of the said territory lies completely within the boundaries of said municipality, and WHEREAS, the Board of Directors of the City of Little Rock, Arkansas has heard all the parties desiring to be heard, and has ascertained that said petitions were signed by all the owners of real property within said territory, now, therefore, IT IS ORDAINED by the Board of Directors of the City of Little Rock, Arkansas: Section 1. . There is hereby established a municipal property owners improvement district embracing the property in the City of Little Rock, State of Arkansas, described in the attached Exhibit A, for the purposes of (i) constructing a 18,000 linear feet extension of Chenal Valley Drive, a 2,200 linear feet extension and improvement of Gordon Road and 1,300 linear feet of a new collector street from Chenal Valley Drive extended to Denny Road, together with such other street and road improvements incidental thereto as depicted in the map attached as Exhibit B; and to open, grade, drain, pave, curb, gutter or otherwise improve such other streets, roads, highways, and every other way for passage and use xuxxefr. as e ;,of vehicles, and including sidewalks, pedestrian trails and walkways, viaducts, underpasses and p'. appurtenants lighting, either within or without the boundaries of the district if the property of the district `t ,- will be benefited thereby, and such purpose shall include the acquisition of rights of way by purchase or tij u° rMr',i.m /7IP• acs �J' . �0a coca aonp °a the exercise of the power of eminent domain, and to maintain such streets, roads, highways, and every other way for passage and use by vehicles, lying within the boundaries of the district or beyond the boundaries of the district if the property of the district will be benefited thereby; (ii) constructing a twelve (12 ") inch water main along Chenal Valley Drive, a twelve (12'� inch irrigation line and pump station to fill lakes with water from the Lake Winona thirty-nine (39 ") inch raw water line and additional water mains at other locations within the District as depicted on the map attached as Exhibit B and other appurtenant water improvements either within or without the boundaries of the District if the property of the District will be benefited thereby; (iii) constructing sanitary sewer gravity mains, as depicted on the map attached as Exhibit B and other appurtenant sewer improvements either within or without the boundaries of the District if the property of the District will be benefited thereby; (iv) acquiring and constructing electric junction boxes, electric conduits, underground power lines, street lighting and other electric utility improvements as depicted on the map attached hereto as Exhibit B either within or without the boundaries of the District if the property of the District will be benefited thereby; (v) all other purposes authorized by Ark. Code Ann. Title 14, Chapter 94 and amendments thereto; and (vi) conducting any and all other acts which shall be deemed necessary in order to purchase, construct, accept as a gift, operate and maintain any and all improvements authorized therein. Said purposes are to be accomplished in the manner and with the materials that the commissioners for the district shall deem to be in the best interest of the district and as specified by law. The cost of the project shall be assessed upon the real property of the district according to the benefits received. Section 2. Said district shall be known as the " Chenal Valley Municipal Property Owners Multi- Purpose Improvement District No. 9 of Little Rock, Arkansas" (the "District"); and Ron L. Pearce, Clefton D. Vaughan and Bayless Rowe, who are the persons nominated in the petition, are hereby named commissioners and shall compose the Board of Commissioners of the District. • • Section 3. Emergency. It is hereby found and declared that an immediate need exists for the street and other improvements in order to achieve the most cost effective financing for the accomplishing of the Master Street Plan of the City. It is, therefore, declared that an emergency exists. This Ordinance, being necessary for the immediate preservation of the public peace, health and safety, shall take effect and be in force from and after its passage. PASSED: February 20 '2001. APPROVED: Mayor ATTEST: City erk APP VED: Thomas M. Carpenter City Attorney R CERTIFICATE I, the undersigned City Clerk of the City of Little Rock, Arkansas, certify that the foregoing is a true and perfect copy of Ordinance NO-1919A adopted by the board of Directors at the City on February 20, 2001, and that the Ordinance is of record in the official records of the City in my custody. Given under my hand and seal this ASSay of , 2001. Nancy W ds City Clerk 149578 Doc# 2002173309 • 0 EXMBIT A CHENAL VALLEY MUNICIPAL PROPERTY OWNERS MULTI - PURPOSE IMPROVEMENT DISTRICT NO. 9 OF LITTLE ROCK, ARKANSAS DISTRICT BOUNDARY: PART OF SECTIONS 21, 22, 23, 26, 27, 28, 34 and 35 AND T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS MORE PARTICULARLY DESCRIBED AS: BEGINNING AT THE SOUTHEAST CORNER OF SAID SECTION 22; THENCE WEST ALONG THE SOUTH LINE OF SAID SECTION 22 TO THE SOUTHEAST CORNER OF THE SW 1/4 OF SAID SECTION 22; THENCE NORTH TO THE NORTHEAST CORNER OF THE S1/2 OF THE SWI /4 OF SAID SECTION 22; THENCE WEST TO THE NORTH CORNER OF THE El /2 SEl /4 SETA SAID SECTION 21; THENCE SOUTH ALONG THE WEST LINE OF SAID El /2 SE1/4 SETA AND ALONG THE WEST LINE OF THE El /2 El /2 NE 1/4 OF SAID SECTION 28 TO THE SOUTHWEST CORNER OF SAID El /2 El /2 NEIA SAID SECTION 28; THENCE EAST ALONG THE SOUTH LINE THEREOF TO THE SOUTHEAST CORNER THEREOF; THENCE SOUTH ALONG THE WEST LINE OF SAID SECTION 27 TO THE NORTH RIGHT -OF -WAY LINE OF DENNY ROAD; THENCE SOUTHEASTERLY ALONG SAID NORTH RIGHT -OF -WAY LINE TO THE EAST LINE OF THE W1 12 SWI /4 NWI /4 SAID SECTION 35; THENCE ALONG SAID EAST LINE OF THE WI /2 WI/2 SWI /4 NWl /4 OF SAID SECTION 35; THENCE NORTH ALONG SAID EAST LINE TO THE NORTHEAST CORNER OF SAID WI 12 WI 12 SWI /4 NWl /4; THENCE EAST TO THE NORTHEAST CORNER OF THE SWIA NWl /4 SAID SECTION 35; THENCE NORTHEASTERLY TO THE WESTERNMOST CORNER OF LOT 9 BLOCK 12 CHENAL VALLEY ADDITION TO THE CITY OF LITTLE ROCK, ARKANSAS; THENCE NORTHEASTERLY ALONG THE WEST LINE OF LOTS 9 & 10 SAID BLOCK 12, AND SAID LINE EXTENDED NORTHEASTERLY, TO THE SOUTH RIGHT -OF -WAY LINE OF CHENAL VALLEY DRIVE; THENCE NORTHWESTERLY ALONG SAID SOUTH RIGHT -OF -WAY LINE TO THE SOUTH LINE OF THE SW114 SWI /4 SAID SECTION 26; THENCE WEST TO THE SOUTHWEST CORNER OF SAID SWI /4 SWI /4; THENCE NORTH TO THE NORTHWEST CORNER OF THE WI/2 SWI /4 SWI /4 SWIM SAID SECTION 26; THENCE EAST TO THE NORTHWEST CORNER OF SAID W1/2 SW114 SWIM SW1/4 SAID SECTION 26; THENCE N38 °16'56 "E, 107.42 FT.; THENCE N55 °22'08 "E, 181.74 FT.; THENCE N83 °40'35 "E, 327.97 FT.; THENCE N29 °27'55 "E, 203.30 FT.; THENCE N12 °02'49 "E, 167.69 FT.; THENCE N07 °51'12 "W, 117.10 FT.; THENCE N35 046'00 "W, 145.43 FT. TO THE BOUNDARY LINE OF THE SECOND 18 HOLE GOLF COURSE FOR CHENAL COUNTRY CLUB, THENCE WESTERLY, NORTHERLY AND EASTERLY ALONG SAID BOUNDARY THE FOLLOWING COURSES, (N83 °23'43 "W, 95.63 FT.; S76 °15'49 "W, 138.97 FT.; N82 °59'55 "W, 229.71 FT.; N80 °05'26 "W, 337.03 FT.; N70 016'02 "W, 97.74 FT.; N55 °10'31 "W, 395.38 FT.; N37 °29'12 "W, 292.24 FT.; N47°23'42 "W, 286.09 FT.; N70 °07'18 "W, 276.93 FT.; N87 °36'12 "W, 522.17 FT:; N47 003'59 "W, 160.07 FT.; N82 °36'44 "W, 170.36 FT.; S71 °23'21 "W, 834.09 FT.; N71 °02'02 "W, 305.06 FT.; N27 °17'56 "W, 322.83 FT.; N32 °55'05 "E, 173.94 FT.; N67 °22'58 "E, 442.48 FT.; N08 °40'00 "E, 128.72 FT.; 0 0 N45 °53'54 "W, 504.94 FT.; N30 °56'08 "W, 313.83 FT.; N16 °49'57 "W, 509.98 FT.; N23 °16'59 "E, 134.25 FT.; N66 °28'08 "E, 306.17 FT.; S72 °27'00 "E, 146.94 FT.; S29 009'05 "E, 372.81 FT.; S37 °20'06 "E, 472.09 FT.; S54 °56'55 "E, 365.97 FT.; S32 °00'16 "E, 163.03 FT.; S57 °16'51 "E, 157.87 FT.; S31 035'17 "E, 280.01 FT.; S89 °07'40 "E, 666.65 FT.; S82 009'39 "E, 381.98 FT.; S54 °34'03 "E, 121.09 Fr.; S34 °43'36 "E, 189.17 Fr.; N76 °08'14 "E, 109.28 FT,; N10 °53'58 "E, 370.96 FT.; N29 °18'36 "W, 230.28 FT.; N54 °43'53 "W, 916.43 FT.; N37 °04'14 "W, 552.91 FT.; N23 °48'39 "W, 353.58 Fr.; AND NOI'32'45 "E, 715.70 FT.) TO A POINT 98.5 FT. SOUTH OF THE NORTH LINE OF THE NE1 /4 SAID SECTION 27; THENCE S87 036'28 "E ALONG A LINE PARALLEL WITH SAID NORTH LINE, 518.60 FT.; THENCE SOUTHEASTERLY, NORTHERLY AND EASTERLY AND CONTINUING ALONG THE BOUNDARY LINE OF THE SECOND 18 HOLE GOLF COURSE FOR CHENAL COUNTRY CLUB, THE FOLLOWING BEARINGS AND DISTANCES; (S09 °53'59 "E, 314.48 FT.; S21 °13'38 "E, 547.50 FT.; S41 °37'39 "E, 775.25 FT.; S76 °01'58 "E, 335.09 FT.; N16 °30'14 "E, 335.51 FT.; N35 °57'56 "E, 315.58 FT,; N85 °41'42 ",E, 189.42 FT.; S54 °58'43 "E, 712.50 Fr. AND S20 °30'05 "E, 1210.76 FT.) TO THE NORTHERNMOST CORNER OF THE CHENAL COUNTRY CLUB SITE; TRICE S75 °02'58 "E ALONG THE NORTH LINE OF SAID SITE, 486.34 FT.; THENCE S25 °45'47 "E ALONG THE EAST LINE OF SAID SITE, 392.42 Fr. TO THE NORTH RIGHT -OF -WAY LINE OF CHENAL CLUB BOULEVARD; THENCE EASTERLY ALONG THE NORTH RIGHT -OF -WAY LINE OF CHENAL CLUB BOULEVARD TO THE WEST RIGHT -OF -WAY LINE OF CHENAL PARKWAY; THENCE NORTHERLY ALONG THE WEST RIGHT -OF -WAY LINE OF CHENAL PARKWAY TO THE SOUTHEAST CORNER OF PROPERTY SOLD TO THE METHODIST LITTLE ROCK DISTRICT, BOARD OF MISSIONS AND CHURCH EXTENSIONS, INC.; THENCE WESTERLY ALONG THE SOUTH LINE OF SAID METHODIST PROPERTY TO THE SOUTHWEST CORNER THEREOF; THENCE NORTH ALONG THE WEST LINE OF SAID METHODIST PROPERTY AND ALONG SAID WEST LINE EXTENDED NORTHERLY TO THE NORTH LINE OF THE S1/2 SWI14 SWIA SAID SECTION 23; THENCE WEST TO THE NORTHWEST CORNER OF THE S1/2 SW1 /4 SWIA SAID SECTION 23; THENCE SOUTH ALONG THE WEST LINE THEREOF TO THE SOUTHEAST CORNER OF SAID SECTION 22 AND THE POINT OF BEGINNING. O THE SWI /4 SE1 /4 SECTION 23, T -2 -N, R -14-W AND THAT PART OF THE SEI14 SWI /4, SECTION 23, T -2 -N, R -14-W LYING EAST OF CHENAL PARKWAY AND THAT PART OF THE NEI /4 NWI /4, SECTION 26 T -2 -N, R -14-W LYING NORTH OF THE PROPERTY OCCUPIED BY ST. MARGARET'S EPISCOPAL CHURCH. LESS AND EXCEPT THE FOLLOWING: THE SI /2 S1 /2 SEI /4, SECTION 27, T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS, AND EXCEPT, PART OF THE SEI /4 SWI /4, SECTION 22 T -2 -N, R -14 -W, PULASKI 0 0 COUNTY, ARKANSAS DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID SEI /4 SWI /4 AS MARKED BY A 1.5 INCH DIA. IRON PIPE, RUN N87 035'53 "W ALONG THE SOUTH LINE OF SAID SEI /4 SWIA FOR A DISTANCE OF 100.00 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 1 1992 "; THENCE N01'44' 10 "E, 100.00 FT TO A 1 INCH DIA. IRON PIN WITH A 2 INCH ALUMINUM CAP STAMPED "AP &L COR 2 1992 "; THENCE N87 °35'53 "W, 400.00 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALMINUM CAP STAMPED "AP &L COR 3 1992 "; THENCE NOI'44'10 "E, 350.00 FT. TO A 1 INCH DIA. IRON PIN WYTH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP&L COR 4 1992 "; THENCE S87 °35'53 "E, 100.00 FT. TO A I INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 5 1992 "; THENCE NOI *44' 10 "E, 139.43 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 6 1992" ON THE SOURTHERLY RIGHT -OF -WAY LINE OF THE ARKANSAS POWER & LIGHT CO. MABELVALE- PINNACLE - MAYFLOWER 500 KV TRANSMISSION LINE; THENCE N83 °53'43 "E ALONG SAID RIGHT -OF -WAY LINE FOR A DISTANCE OF 201.87 FT. TO A i INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 7 1992 "; THENCE SOI'44'10 "W, 169.29 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 8 1992 "; THENCE S27 °50'39 "E, 405.13 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP&L COR 9 1992" ON THE EAST LINE OF SAID SEl /4 SWI /4; THENCE SOI °44'10 "W ALONG SAID EAST LINE FOR A DISTANCE OF 100.00 FT. TO THE POINT OF BEGINNING, CONTAINING 855 NET ACRES, MORE OR LESS. 149539 DOCO 2002173309 EXHIBIT B SEE ATTACHED MAP e' 6E l V I•�i IEE ��E iE E t a; ili+ ilti � {E IiE i� o ^, I ' I 1 n I 1 I I 1 I I I I 1 I 1 i 1 I 1 1 I I I 1 -I 1 1 I I I 1 I 1 I I .tst �e? .v A t e� hiIx a y ,1:° ¢u� fir ■ �{� �i��% rf 1 I 1 F I I a: I � I I � 1 1 4 I o I 9 I C I 1 J ___a_ I 1 �� • I i I I Z I ; I o ; IYYO.YIfOS JJIMLSIp � 1 � 1 I I I I __ J________1________' I I I I I I I I I I I I t�" I ________ ________ ------- a-------- �________ I 0 x43 C4 �a� a,i,! I I i1 1 o s r { av .tst �e? .v A t e� hiIx a y ,1:° ¢u� fir ■ �{� �i��% rf 1 I 1 F I I a: I � I I � 1 1 4 I o I 9 I C I 1 J ___a_ I 1 �� • I i I I Z I ; I o ; IYYO.YIfOS JJIMLSIp � 1 � 1 I I I I __ J________1________' I I I I I I I I I I I I t�" I ________ ________ ------- a-------- �________ I 0 x43 C4 �a� a,i,! Doc# 2002173309 • 0 EXHIBIT "A" A PORTION OF SECTIONS 21, 22, 23, 26, 27, 28, 34 & 35, T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS: BEGINNING AT THE SOUTHEAST CORNER OF SAID SECTION 22; THENCE WEST ALONG THE SOUTH LINE OF SAID SECTION 22 TO THE SOUTHEAST CORNER OF THE SW1 /4 OF SAID SECTION 22; THENCE NORTH TO THE NORTHEAST CORNER OF THE SI /2 OF THE SWIA OF SAID SECTION 22; THENCE WEST TO THE NORTH CORNER OF THE E1 /2 SE1 /4 SEI /4 SAID SECTION 21; THENCE SOUTH ALONG THE WEST LINE OF SAID El /2 SETA SEIA AND ALONG THE WEST LINE OF THE El /2 El /2 NE 1/4 OF SAID SECTION 28 TO THE SOUTHWEST CORNER OF SAID El/2 EI /2 NEIA SAID SECTION 28; THENCE EAST ALONG THE SOUTH LINE THEREOF TO THE SOUTHEAST CORNER THEREOF; THENCE SOUTH ALONG THE WEST LINE OF SAID SECTION 27 TO THE NORTH RIGHT -OF -WAY LINE OF DENNY ROAD; THENCE SOUTHEASTERLY ALONG SAID NORTH RIGHT -OF -WAY LINE TO THE EAST LINE OF THE WI /2 SWIA NW1 /4 SAID SECTION 35; THENCE ALONG SAID EAST LINE OF THE W1 /2 W1 /2 SWIM NWIA OF SAID SECTION 35; THENCE NORTH ALONG SAID EAST LINE TO THE NORTHEAST CORNER OF SAID W1/2 WI /2 SWIA NW1 /4; THENCE EAST TO THE NORTHEAST CORNER OF THE SWIA NW1 /4 SAID SECTION 35; THENCE NORTHEASTERLY TO THE WESTERNMOST CORNER OF LOT 9 BLOCK 12 CHENAL VALLEY ADDITION TO THE CITY OF LITTLE ROCK, ARKANSAS; THENCE NORTHEASTERLY ALONG THE WEST LINE OF LOTS 9 & 10 SAID BLOCK 12, AND SAID LINE EXTENDED NORTHEASTERLY, TO THE SOUTH RIGHT -OF -WAY LINE OF CHENAL VALLEY DRIVE; THENCE NORTHWESTERLY ALONG SAID SOUTH RIGHT -OF -WAY LINE TO THE SOUTH LINE OF THE SWIM SWIA SAID SECTION 26; THENCE WEST TO THE SOUTHWEST CORNER OF SAID SWIA SWI /4; THENCE NORTH TO THE NORTHWEST CORNER OF THE WI/2 SWIA SWIA SWIM SAID SECTION 26; THENCE EAST TO THE NORTHEAST CORNER OF SAID WI /2 SWIA SWIA SWIA SAID SECTION 26; THENCE N38 °16'56 "E, 107.42 FT.; THENCE N55 022'08 "E, 181.74 FT.; THENCE N83 °40'35 "E, 327.97 FT.; THENCE N29 °27'55 "E, 203.30 FT.; THENCE N12 °02'49 "E, 167.69 FT.; THENCE N07 °51'12 "W, 117.10 FT.; THENCE N35 °46'00 "W, 145.43 FT. TO THE BOUNDARY LINE OF THE SECOND 18 HOLE GOLF COURSE FOR CHENAL COUNTRY CLUB, THENCE WESTERLY, NORTHERLY AND EASTERLY ALONG SAID BOUNDARY THE FOLLOWING COURSES, (N83 °23'43 "W, 95.63 FT.; S76 °15'49 "W, 138.97 FT.; N82 °59'55 "W, 229.71 FT.; N80 °05'26 "W, 337.03 FT.; N70 °16'02 "W, 97.74 FT.; N55 °10'31 "W, 395.38 FT.; N37 °29'12 "W, 292.24 FT.; N47 °23'42 "W, 286.09 FT.; N70 °07'18 "W, 276.93 FT.; N87 °36'12 "W, 522.17 FT.; N47 °03'59 "W, 160.07 FT.; N82 036'44 "W, 170.36 FT.; S71 °23'21 "W, 834.09 FT.; N71 °02'02 "W, 305.06 FT.; N27 °17'56 "W, 322.83 FT.; N32 °55'05 "E, 173.94 FT.; N67 °22'58 "E, 442.48 FT.; N08 °40'00 "E, 128.72 FT.; N45 °53'54 "W, 504.94 FT.; N30 °56'08 "W, 313.83 FT.; N16 °49'57 "W, 509.98 FT.; N23 °16'59 "E, 134.25 FT.; N66 °28'08 "E, 306.17 FT.; S72 °27'00 "E, 146.94 FT.; S29 °09'05 "E, 372.81 FT.; S37 °20'06 "E, 472.09 FT.; S54 °56'55 "E, 365.97 FT.; S32 °00'16 "E, 163.03 FT.; S57 °16'51 "E, 157.87 FT.; S31 °35'17 "E, 280.01 FT.; S89 °07'40 "E, 666.65 FT.; S82 °09'39 "E, 381.98 FT.; S54 °34'03 "E, 121.09 FT.; S34 °43'36 "E, 189.17 FT.; N76 °08'14 "E, 109.28 FT.; NIO °53'58 "E, 370.96 FT.; N29 °18'36 "W, 230.28 FT.; N54 °43'53 "W, 916.43 FT.; N37 °04'14 "W, 552.91 FT.; 232763 N23 048'39 "W, 353.58 FT.; AND NOl °32'45 "E, 715.70 FT.) TO A POINT 98.5 FT. SOUTH OF THE NORTH LINE OF THE NEI /4 SAID SECTION 27; THENCE S87 °36'28 "E ALONG A LINE PARALLEL WITH SAID NORTH LINE, 518.60 FT.; THENCE SOUTHEASTERLY, NORTHERLY AND EASTERLY AND CONTINUING ALONG THE BOUNDARY LINE OF THE SECOND 18 HOLE GOLF COURSE FOR CHENAL COUNTRY CLUB, THE FOLLOWING BEARINGS AND DISTANCES; (S09 °53'59 "E, 314.48 FT.; S2193'38 "E, 547.50 FT.; S41 °37'39 "E, 775.25 FT.; S76 001'58 "E, 335.09 FT.; N16 °30'14 "E, 335.51 FT.; N35 °57'56 "E, 315.58 FT.; N85 °41'42 "E, 189.42 FT.; S54 °58'43 "E, 712.50 FT. AND S20 °30'05 "E, 1210.76 FT.) TO THE NORTHERNMOST CORNER OF THE CHENAL COUNTRY CLUB SITE; THENCE S75 002'58 "E ALONG THE NORTH LINE OF SAID SITE, 486.34 FT.; THENCE S25 °4547 "E ALONG THE EAST LINE OF SAID SITE, 392.42 FT. TO THE NORTH RIGHT -OF -WAY LINE OF CHENAL CLUB BOULEVARD; THENCE EASTERLY ALONG THE NORTH RIGHT -OF -WAY LINE OF CHENAL CLUB BOULEVARD TO THE WEST RIGHT -OF -WAY LINE OF CHENAL PARKWAY; THENCE NORTHERLY ALONG THE WEST RIGHT -OF- WAY LINE OF CHENAL PARKWAY TO THE SOUTHEAST CORNER OF PROPERTY SOLD TO THE METHODIST LITTLE ROCK DISTRICT, BOARD OF MISSIONS AND CHURCH EXTENSIONS, INC.; THENCE WESTERLY ALONG THE SOUTH LINE OF SAID METHODIST PROPERTY TO THE SOUTHWEST CORNER THEREOF; THENCE NORTH ALONG THE WEST LINE OF SAID METHODIST PROPERTY AND ALONG SAID WEST LINE EXTENDED NORTHERLY TO THE NORTH LINE OF THE S1 /2 SWIA SWIM SAID SECTION 23; THENCE WEST TO THE NORTHWEST CORNER OF THE S1 /2 SWIM SWI /4 SAID SECTION 23; THENCE SOUTH ALONG THE WEST LINE THEREOF TO THE SOUTHEAST CORNER OF SAID SECTION 22 AND THE POINT OF BEGINNING. AND THE SWI /4 SEI /4 SECTION 23, T -2 -N, R -14 -W AND THAT PART OF THE SE1 /4 SWI/4, SECTION 23, T -2 -N, R -14 -W LYING EAST OF CHENAL PARKWAY AND THAT PART OF THE NEIA NWI /4, SECTION 26 T -2 -N, R -14 -W LYING NORTH OF THE PROPERTY OCCUPIED BY ST. MARGARET'S EPISCOPAL CHURCH. LESS AND EXCEPT THE FOLLOWING: THE S1 /2 S1 /2 SEI /4, SECTION 27, T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS, AND EXCEPT, PART OF THE SEI /4 SWI /4, SECTION 22 T -2 -N, R -14 -W, PULASKI COUNTY, ARKANSAS DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID SEI /4 SWI /4 AS MARKED BY A 1.5 INCH DIA. IRON PIPE, RUN N87 035'53 "W ALONG THE SOUTH LINE OF SAID SEI /4 SWI /4 FOR A DISTANCE OF 100.00 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 1 1992"; THENCE NOl °44'10 "E, 100.00 FT TO A 1 INCH DIA. IRON PIN WITH A 2 INCH ALUMINUM CAP STAMPED "AP &L COR 2 1992'; THENCE N87 °35'53 "W, 400.00 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALMINUM CAP STAMPED "AP &L COR 3 1992 "; THENCE NOl °44'10 "E, 350.00 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 4 1992'; THENCE S87 °35'53 "E, 100.00 232763 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 5 1992"; THENCE NOI'44'10 "E, 139.43 FT. TO A I INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 6 1992" ON THE SOURTHERLY RIGHT -OF -WAY LINE OF THE ARKANSAS POWER & LIGHT CO. MABELVALE- PINNACLE- MAYFLOWER 500 KV TRANSMISSION LINE; THENCE N83 °53'43 "E ALONG SAID RIGHT -OF -WAY LINE FOR A DISTANCE OF 201.87 FT. TO A I INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 7 1992'; THENCE SO] -44'10"W, 169.29 FT. TO A 1 INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 8 1992'; THENCE S27 °50'39 "E, 405.13 FT. TO A I INCH DIA. IRON PIN WITH A 2 INCH DIA. ALUMINUM CAP STAMPED "AP &L COR 9 1992" ON THE EAST LINE OF SAID SE1 /4 SW 1/4; THENCE SO) °44'10 "W ALONG SAID EAST LINE FOR A DISTANCE OF 100.00 FT. TO THE POINT OF BEGINNING, CONTAINING 855 NET ACRES, MORE OR LESS. 232763