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Home My WebLink About4897 RESOLUTION NO. 4,897 A RESOLUTION ACCEPTING AN OFFER MADE BY HAYGOOD, INC. , TO BUY A TRACT OF LAND IN THE LITTLE ROCK PORT INDUSTRIAL DISTRICT; AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE A WARRANTY DEED IN FAVOR OF HAYGOOD, INC. , UPON PAYMENT OF THE TOTAL PURCHASE PRICE AND FOR OTHER PURPOSES NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS . SECTION 1. Haygood, Inc. , has submitted to the Little Rock Port Authority a bid to purchase a tract of land in the Little Rock Port Industrial Park District described as Tract D, Area 101 , containing six (6) acres or 261 , 360 square feet, which offer has been accepted by the Little Rock Port Authority subject to the approval of the Board of Directors of the City of Little Rock. The tract of land under consideration is more particularly described as follows : A parcel of land located in the SA of the SE4 of Section 16 , Township 1 North, Range 11 West , Pulaski County , Arkansas , and more particularly described as follows : Commencing at the Southeast corner of the SW4 , SE4 of Section 16 , Township 1 North, Range 11 West; thence N 1°30 ' 52"E, 60 . 00 feet along the East line of the SA , SE4 of said Section to a point; thence N88° 47 ' 31"W, 146 . 23 feet along the North right- of-way line of Frazier Pike to the point of beginning; thence from said point of beginning continue N88°47 ' 31"W, 876 . 03 feet along said North right-of-way line to the intersection of said North right-of-way line and the East easement line of a 125- foot Natural Gas Pipe Line Company of America easement; thence N8°13 ' 48"E , 290 . 36 feet along said East easement line to a point; thence S88°47 ' 31"E , 891. 80 feet to a point on the West right-of-way line of Fourche Dam Pike; thence Sl°30 ' 52"W, 238 . 45 feet along the west right-of-way line of Fourche Dam Pike to the point of tangency of a curve to the right with a radius of 50 feet , said point of tangency being on said West right-of-way line ; thence southwesterly along the arc of said curve 78. 27 feet to the point of beginning. Said parcel con- tains 6 . 00 acres , more or less . SECTION 2 . The offer to purchase as set out in an Offer and Acceptance dated October 16 , 1972 , attached to this Resolution and incorporated therein by reference is hereby approved and accepted by the Board of Directors of the City of Little Rock and the Mayor is hereby directed to execute for and on behalf of the City a Warranty Deed conveying said property to Haygood, Inc. , and the City Clerk is hereby authorized to attest said Deed and to de- liver same to Haygood, Inc. , upon full payment of Sixty-five Thousand, Three Hundred, Forty Dollars ($65 , 340 . 00) . SECTION 3 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED : November 8, 1972 ATTEST: R�'LC. APPROVED City Cler Mayo -2- 24 PROPERTY FOLDER ".-A.' --.•{ OFFER AND CEPTANC EL:R . 144IUYER // �,.-r•--r- : .. 312 W. CAPITOL 7 `-` 5115 J.F.K. BLVD. �tedJ d.y TO: Rsctor Phillips-Morse . ,;< inc. j • LITTLE ROC K, ARK. 72201 .. NORTH LITI LE ROCK, ARK. 72116 You are authorized to submit the following offer to purchase the property known as: r f r_ , i it 1:�L�.algt l 140 C• •tetely described as :' iv..r !MIL- .4 II A Wil upon the followin terms: The total consideration price is to be i • The total amount of cash to seller at the time of sale is to be r $- _ This offer is conditioned upon the following provisions concerning loons: .,� t •tts'e�.t . 0.4,,..4 14.1". •�.4. 44 .,.1-,.,.... > P,Loeallit- , -44.,1° oieL4. • . ' At6a1 1aCSC ' r�ttntl Al r note Octet kilns f Fowl ��N W eom.Nee- of 1 Piked a •rIea Uit ilt pt 146.46 fir. w., . "me Jr. *AI F. IA 'rat War to•iti 1st Attl tit& 4Jwrc Rce t 44t.d. to 4 ."tn d„, . ..7lltis, Asti A.E., PI. (t., 4 i z 9S. The seller is to furnish free of charge a complete obstroclt of title to date, showing a merchantable or insurable �-''' 'f. 4444 . �tltle to said real estate in the name of thg grantors who'will sign the deed conveying said real estate, free ar>c, clear of all liens and encumbrances except as stated herein and restrictions of record, if any. Title is to be tak ► subject to existing leased tenancies (See attached schedule, if any.) _4, Taxes levied in the year 49...... shall be pro-rated of he time of closing on the basis of the lost ascertainable bill. Interest, pre-paid.insurance on assignable poles, and rents are to be pro-rated as of the date of closing. Seller will vacate and deliver possession of the property within /__ ys after delivery of, krAw , _—Ille'..[ .- .__'' _, and pay rent to Buyer of the rate of $.,.4L Ina per day until possession is given after closing date i 1 L-Buyer herewith tenders$-i-}- ociva- ilea money, to become parNlof purchase price upon acceptance, This sum shall be held by Agent and if offer is not accepted or if title requirements ore not fulfilled, it shall be promptly returned to Buyer. If, ofter acceptance, Buyer foils to fulfill his obligations, the earnest money shall be- . , ,-,«,�A -qp, r the Seller '.:hick foci-shall not preclude Seller or Agent from asserting other ega tights which they may hove because o* such breach. i If prior to the closing of this transaction the improvements on the above captioned parcel shall be destroyed or materially damaged by fire or other casualty, this contract shall, at the option of the.buyer, be null and void. If buyer shall elect, in the event of such loss, that the contract shall be performed, he shell be entitled to the_ proceeds of insurance applicable to_the loss for use in repairing said loss. : Together with each parcel of real estate the present owner thereof shall by proper bill of sale, sell cortvey to the party receiving said property hereunder good title to the following personal property: . _ HoNe Tnis transaction is also subject to these Special Conditions: ..5e.ig4.., 471 .14. As.. ...a. .,04.,. .s...4eICw e • fi.i.y's4 i.4-t.e-slas.. .47., wace ii-, ,X,14-- le-"`i 4s49"-u4r4 Al- This Offer is binding upon Buyer if accepted within_ ___days from date. bzi_i_feliktr_tl_____IX.. .. . . ' , ub ject to the conditions on the b ok here The foregoing offer is accepted by us Is__.__.__._._ y o — — o • iiiiiittiONSWEIMMIMOMNSOMMINBINSHOMMEX •__..-.---- ---- - *^ •s. E ' G " ,7: . 'k t al ., r CI CONDITIONS: ,.._ (1) peller will not t:iii *. . At • • :fh•AibS4property ' ,N , 1 1\k.- , .. ' •'Ilk 1 , ' ' A- - '7, - ' • w C N (2) ._ INrespective of any, sWerment of commission statecCosk the - , '- fabe of thii' Offer onercceptance, the consideration to be - --' ' r paid to the City of Little Rock is to be based on 25$ per square foot price net, to the City of Little Rock. , ,•., - "\,' ' .. , . ..., , - •---, .- ■ ?. - ..),s,.•, , . , • - ,-*.;:...- (3) The acceptance of is bffer'and Atcceptence by -the Ii4ttle ,. . . ,. Rock Port Authority is subject to the approval of 'the Boer& r ,, of Directors of the City of Little Rock. • .,--.4 in evant.,the taalmic,o2 this proporty •ts noli-V4oend "titbis, ti-A-te., jta,*14,,,,o ., sixty 44o - days. froW,tbio...40t* of this,Offe-rolatnii,.Atteptanee, •,(.,/.,.(,, I, the buyer will'(foxfsiit Abe -U4410,6-teerurt money tei the City of Little Rock. -- )or\ -. /L , ; i. ail - , 2. IC, - • ..y&• / / •) "I t("k 4 IQ ' 7 • if/ . ---Ck .... ,1 - i . e ,,, 4 ...CI ... 1 1„,'2.: -‘ ". ,.■("4 1• DATED /e. 'jf - q1/4 1 , .u'uve yi. tei WI c.4i LA/0 . A.t■C i"ti t andlny tnat they are to receive 25 per square foot net to ths. ,2.ity of Little hock and that they are not to pay, under any conditions , a real estate commission. LITT ROCK PORT AUTHORITY By aldreibr Ross Sii. ut14(qfc'tA.Itlfa and , Executive Director -.., ,,,, ..,h:'' ,:b...!L.J.■ , I. i , ‘k ''s''. .• N. ....- t , ,- '‘• . ' ..-t- '-• ,', i i ■ •. '-i 4., 'S . . • ,. ,r i i!..,,,..g., , 'y . iii'. / .1 :// ' ' • , . '''-"'eZ ,..‹.-- ---"Ir ry . ., ', - _ i1.. • - - , • ' . 0 .0 ' . . , '% ,.•04..,4 0.. . , 2 .* 1 ■''' - - ■ 00' , .1 .. ..t.i