HomeMy WebLinkAbout2507 RESOLUTION NO 2507
A RESOLUTION AUTHORIZING AND DIRECTING THE MAYOR AND
CITY CLERK TO ENTER INTO AND EXECUTE AN ESCROW AGREE-
MENT WITH JAMES S .. SCOTT AND BETTY LOU SCOTT, HIS
WIFE; AND FOR OTHER PURPOSES.
WHEREAS, James S. Scott and Betty Lou Scott, nis wife, have
executed a certain Dedication Deed in favor of the City of Little
Rock, Arkansas, relating to property therein described, in connec-
tion with the widening and paving of University Avenue; and
WHEREAS, as a part of the consideration for said Dedication
Deed, the City of Little Rock has agreed to construct, build and
otherwise establish a bridge for vehicular traffic over a certain
drainage ditch located on the East side of and parallel to Univer-
sity Avenue near the intersection of University and 19th Street; and
WHEREAS, the City of Little Rock desires to enter into an
Escrow Agreement with the said James S. Scott and Betty Lou Scott,
his wife, relative said construction;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Mayor and City Clerk are hereby authorized
and directed to enter into and execute an Escrow Agreement with
James S . Scott and Betty Lou Scott, his wife, which Escrow Agreement
shall be in form and words as follows:
E S C R O W A G R E E M E N T
KNOW ALL MEN BY THESE PRESENTS:
THAT WE, James S .. Scott and Betty Lou Scott, his wife,
and the City of Little ROCK, Arkansas, for and in consideration
of the mutual benefits accruing to us under the terms of this
Agreement and under the terms of a certain Dedication Deed exe-
cuted by James S. Scott and Bette Lou Scott, his wife, in favor
of the City of Little Rock, Arkansas, dated
, do hereby covenant and agree as follows:
James S. Scott and Betty Lou Scott, his wife, have execu-
ted a certain Dedication Deed in favor of the City of Little Rock,
Arkansas, relating to the following described property, to-wit:
Beginning at a point that is ten ( 10) feet
ivEast
( 2o) the
West line of Lot Seven ( 7 ) Block
Bateman' s Subdivision of Cherry and Cox Addition and
South twenty-three ( 23 ) feet from the North line of
said Lot Seven ( 7) ; thence North parallel to and ten
( 10 feet East of the West line of said Lot Seven ( 7 ) ,
twenty-three (23) feet to the North line of said Lot
Seven (7) ; thence easterly along the North line of Lot
Seven ( 7) , twenty and two-tennis ( 20.2) feet to a point;
thence southwesterly along an arc of a twenty-five (25)
foot radius curve left twenty-nine and two-tenths
(29.2) feet osP oint of tangency; thenceWest five
( 5) feet to the point of beginning,
As a part of the consideration for the above Dedication
Deed in favor of the City of Little Rock, the City of Little Rock
has agreed and hereby does agree to construct, build and otherwise
establish a bridge for vehicular traffic over a certain drainage
ditch located on the East side of and parallel to University Avenue
near the intersection of University Avenue and 19th Street, Said
bridge will be constructed during the calendar year 1960, and is
to be adequate to permit the flow of traffic and the full use of
19th Street East of its intersection with University Avenue.
It is hereby agreed by both parties hereto that said Dedi-
cation Deed shall be placed in escrow and that Pauline Beeson,
Clerk of the City of Little ROCK, shall serve as Escrow Agent to
hold said Dedication Deed without filing same of record until such
2 —
time as the conditions above described are complied with, and
the drainage ditch above described nas been constructed by the
City of Little RocK, Arkansas.
Upon the satisfactory completion of the bridge, then,
and only then, snail the City of Little Rock be entitled to file
for record the Dedication Deed referred to herein,
WITT ;SS our hands and seals to is day of
, 1960,
James S. Scott
Petty Lou Scott
CITY OF LITTLE ROCK, ARKANSAS
BY
Mayor
ATTEST
City Clerk
A C K N O W L E D G M E N T
STATE OF ARKANSAS)
) ss.
COUNTY OF PULASKI )
On this day came before me, the undersigned, a Notary
Public within and for the County and State aforesaid, the within
named James .�`. Scott and Betty Lou Scott, his wife, who stated
that they had so executed the foregoing Escrow Agreement for the
consideration, uses and purposes therein mentioned and set forth.,
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal
as such Notary Public on this day of , 1960,
Notary Public
My Commission expires :
}
A C K N O W L E D G M E N T
STATE OF ARKANSAS)
) ss.
COUNTY OF PULASKI)
On this day ersonally appeared before me , the undersigned,
a Notary Public within and for the County and State aforesaid,
duly qualified and acting, W. C. Knoop and Pauline G. Beeson, to
me well known as the Mayor and City Clerk respectively, and stated
that they had executed the foregoing Escrow Agreement pursuant to
provisions of Resolution Noo for the consideration, uses
and purposes therein mentioned and set forth.
IN TESTIMONY ''.HE 'EOF, I have hereunto set my hand and seal
this day of , 1960,,
Notary Public
My Commission expires :
SECTION 2. This resolution shall be in full force and
effect from and after its adoption.
ADOPTED: March 21, 1960
AT TES : � APPROVED: /4*
G,uXr„,,c,c�Je.e-Sam
City Clerk