HomeMy WebLinkAbout3436 RESOLUTION NO . 3,436
A RESOLUTION AUTHORIZING TEE EXECUTION
OF AN OFFER AND ACCEPTANCE CONTRACT FOR
THE PURCHASE OF PROPERTY BY TAE CITY OF
LITTLE ROCK FOR A SANITARY LAND FILL;
AUTHORIZING PURCHASE OF CERTAIN LANDS;
AND FOR OTHER PURPOSES .
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 execute for and in behalf of the City of Little
Rock, a certain instrument entitled "Offer and Acceptance" dated
October 18, 1965, as more specifically described in Section 3
hereof .
SECTION 2. Upon examination of title by the City Attorney,
the City Manager and Director of Finance are hereby authorized
and directed to issue the necessary warrant in payment of the
purchase price of said property to the proper persons entitled
thereto and the City Clerk is authorized and directed to accept a
warranty deed and other necessary instruments to perfect title
in the City of Little Rock.
SECTION 3. The "Offer and Acceptance" instrument referred
to in Section 1 hereof shall be in form and substance as follows:
OFFER AND ACCEPTANCE
We, Larkin L . Thornhill and Ruth Hill 'Thornhill, his wife,
owners of the property hereinafter described, hereinafter called
the Sellers , offer to sell to the City of Little Rock, Arkansas,
-nereinafter called the Buyer, subject to the terms set fort:b,
the following described property, to-wit :
All the part of the Northeast Quarter of the Southwest
Quarter (NEB; SWk) lying North of Fourche in Section 17,
Township 1 North, Range 12 West, as shown in Pulaski County
Record Book, Vol . 297 Page 522 August 2, 1943 except that
part conveyed to J . H. Pennington described as part of the
Northeast Quarter Southwest Quarter (NEB SWk) Section 17,
Township 1 North, Range 12 West , described as Beginning at
Northwest corner of said NE's SW1, thence South 315 feet ,
thence East 510 feet, thence North 315 feet, thence West
510 feet to point of beginning containing 3 .5 acres, more
or less as shown in Deed Book 299 at page 430 of the records
of the Circuit Clerk and Recorder of Pulaski County, Arkan-
sas, containing 26. 75 acres more or less : and
Part of Section 17, Township 1 North, Range 12 West described
as beginning 385 feet West of Center of Section 17 thence
Northeasterly N. 51/2 degrees East 300 feet , thence North SO
degrees West 520 feet, thence South 51/2 degrees West 376 feet,
thence East 500 feet to point of beginning containing 31/2
acres more or less and as described in deed of record in
Book 305 Page 485 of the Records of the Circuit Clerk and
Recorder of Pulaski County, Arkansas . Total acreage con-
tained in this offer 30 .25 acres, more or less .
Subject to the following conditions :
The Seller will pay all general property taxes and special
assessments due and payable at time of closing .
Consideration to be paid for the described property shall
be Seven Thousand Five Hundred and No/100 Dollars (57 ,500 .00) .
Payment hercinabove mentioned shall be made in cash at the time
Sellers ' deed or deeds are delivered.
Conveyance shall be made by warranty deed except it shall
be subject to all recorded restrictions and easements , if any .
O t'' R AND ACCEPTLNCE
Pa e,s
Two
Ti , Sellers will furnish title insurance acceptable to the
} uyer in lieu of furnishing an abstract of title, but the Buyer
etains the right at its own expense to procur an abstract of
Litl.e and examine same and Sellers agree to correct reasonable
objections to said title for which they shall have a reasonable
time after being furnished notice of such reasonable objections .
The Sellers specifically retain the right for a period of
four years from the date of closing of this transaction to cut
and remove from the premises all merchantable timber thereon
and the proceeds from the sale of such timber shall belong to
the Sellers ; provided, however, that if any standing timber
interferes with the use of the City for the property and has not
been removed at the time the City needs to use the property or
any portion thereof the City may remove the timber and destroy
same without any liability to the Sellers herein . It being
specifically understood between the parties that any removal
of the timber by the Sellers must be made prior to the City' s
need for use of any portion of this land.
Possession of the premises described shall be delivered
within thirty (30) days from the date of closing .
This offer shall remain open for seven (7) days from date .
DATED this 18th day of October, 1965 .
2
Larkin L. Thdrnhill, Seller
N 7I44 '
Ruth Iii Thornhifl, §efler
ACCEPTANCE
The above Offer is Accepted this 1st day of November
1965 .
CITY OF LITTLE ROCK, ARKANSAS
ATTEST: BliWeisTA .
/
Mayor
City Clerk
- 2 -
SECTION 4. This Resolution shall be in full force
and effect from and after its adoption.
ADOPTED: November 1, 1965
ATTEST ,a ?r/ae,./.-}4.,// APPROVED:4111111
City Clerk Mayor l