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HomeMy WebLinkAbout4720 RESOLUTION NO. 4,720 A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A DEED AND THE CITY CLERK TO ATTEST SAME CONVEYING CERTAIN PROPERTIES TO THE DEMOCRAT PRINTING AND LITHOGRAPHING COMPANY AND/OR DEMOCRAT REALTY COMPANY; AND FOR OTHER PURPOSES. WHEREAS, the Little Rock Port Authority, pursuant to authority granted to it, has accepted an offer by the Democrat Printing and Lithographing Company and/or the Democrat Realty Company to sell to said company a tract of land located in the Little Rock Port Industrial Park for a consideration of Sixty Thousand ($60,000.00) dollars cash. The said plot of land is described as follows, to-wit: A parcel of land located partially in the SEA of Section 17, Township 1 North, Range 12 West; Pulaski County, Arkansas and partially in the SW14, Section 16, Township 1 North, Range 12 West, Pulaski County, Arkansas, more particularly described as follows: Commencing at the Southwest corner of Section 16, Township 1 North, Range 12 West; thence N 1° 33' 49" East 929.80 feet along the West line of Section 16 to a point; thence N 89° 47' 08" West 142.14 feet to the point of beginning; thence from the point of beginning N 0° 12' 52" East 786.13 feet to the point of tangency of a curve to the right with a 50-foot radius; thence Northeasterly along said curve to the right 78.50 feet to a point on the South right-of-way line of Lindsey Road, also known as Federal Aid Secondary Route 1484; thence S 89° 47' 08" East 454.62 feet along said right-of-way line to a point; thence S 0° 12' 52" West 836.13 feet to a point; thence N 89° 47' 08" West 504.62 feet to the point of beginning. Parcel contains 9.67 acres, more or less; and WHEREAS, the Board of Directors of the City of Little Rock hereby approves the sale of the said property to the Democrat Printing and Lithographing Company and/or the Democrat Realty Company for the consideration aforesaid. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. The Mayor of the City of Little Rock, Arkansas, is hereby authorized to execute a Deed in form and substance as a copy attached and the City Clerk is hereby authorized to attest same conveying the property herein described to the Democrat Printing and Lithographing Company and/or the Democrat Realty Company. SECTION 2. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: January 18, 1972 ATTEST: 99.41,4i APPROVED. .4 'fin City Clerk Mayor