HomeMy WebLinkAbout4977 RESOLUTION NO. 4,977
A RESOLUTION ACCEPTING AN OFFER MADE BY BIRCH-
BROOK, INC. , TO BUY A TRACT OF LAND IN THE
LITTLE ROCK PORT INDUSTRIAL PARK DISTRICT FOR
A PURCHASE PRICE OF $41, 382 . 00 ; AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE A WARRANTY
DEED IN FAVOR OF BIRCH-BROOK, INC. , UPON PAY-
MENT 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. Birch-Brook, Inc. , has submitted to the Little
Rock Port Authority an offer to purchase a tract of land in the
Little Rock Port Industrial Park District described as:
Tract E , Area 201, containing 1. 90
acres, more or less
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, Arkansas . The tract of land under consideration is
more particularly described as follows:
A parcel of land located in the Northwest Quarter
of the Southeast Quarter of Section 16 , T-1-N,
R-11-W, Pulaski County, Arkansas and being more
particularly described as follows :
Commencing at the Northwest corner of the South-
east Quarter of Section 16 , T-1-N, R-11-W, thence
N1031 ' 33" E , 496 . 48 feet along the West line of
the Northeast Quarter of said Section 16 to the
Northwest corner of the South 15 acres of the
Southwest Quarter of the Northeast Quarter of said
Section 16 , thence S 89°29 ' 08" E, 538. 93 feet along
the North line of said South 15 acres to a point
on the west R/W line of a 125 foot natural gas line
easement, thence S 8°10 ' 35" W, 615 . 39 feet along
said west R/W line to a point on the North R/W line
of the Little Rock Port Railroad Sppur, thence con-
tinue along said west R/W line S 8°10 ' 35" W, 63 . 62
feet across said R. R. R/W to a point on the south
R/W line of said R. R. Spur, said point being the
point of beginning. Thence continue S 8°10 ' 35" W,
383 . 82 feet along said West R/W line to a point
on the North R/W line of Lindsey Road, thence S
74°54 ' 52" W, 200. 00 feet along the north R/W line
of said Lindsey Road to a point, thence N 0°12 ' 52"
W, 382 . 35 feet to a point on the south R/W line of
said L. R. Port R. R. Spur, thence N 78°43 ' 34" E ,
253 . 89 feet along the south line of the said R. R.
R/W to the point of beginning. Said parcel contains
1. 90 acres more or less .
SECTION 2 . The offer to purchase as set out in the Offer and
Acceptance dated March 12 , 1973 , attached to this Resolution and
incorporated therein by reference is thereby approved and accepted
by the Board of Directors of the City of Little Rock, Arkansas, and
the Mayor is hereby authorized and directed to execute for and on
behalf of the City of Little Rock a Warranty Deed, subject to record
restrictions and easements , if any , conveying said property to
Birch-Brook, Inc., the City Clerk is hereby authorized and directed
to attest said Deed and to deliver same to Birch-Brook , Inc. , upon
full payment of the sum of Forty-one Thousand, Three Hundred Eighty-
two Dollars ( $41, 382 . 00) .
SECTION 3. This Resolution shall be in full force and effect
from and after its adoption.
ADOPTED: April 17, 1973
ATTEST: 4 ✓ APPROVED: G{444444
City Clerk Mayor
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` �- PROPERTY r`/�^^�.^
� ��D�l��� � �J�� � '�\��� [Ju~� � '
' ` ����^'��^�� AND `~----- --- ' SELLER_ City of,[ u\/ Rector-Phi lll a-Morae» Inc --s'
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312 W. Cxp roL ��' �~ S115 J.F.K. BLVD. ��="^ � ~
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Dated /-2' 1�es^ Ll (/ /L, �`~$
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TO: ���#��- 3�"�8 �o-[����� - � rLi�o '
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LITTLE ROCK, Aaurozm -‹',..,_,,,___> nonTy uTTLs ROCK, ARK. 7 2 11 6 .
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You are authorized b/ submit the foU mvi�� offer tmpu,chooe � »p/ope�y known as: '
2.33 Acres �D ������ Rock Port _________more completely described as .
d 1 d rl timo -- __- --_----- ' v
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----- --'---------- ---' _-_-___--_____...____-_-upunihe fo||o*ing �crn�� `
------- '----'------------�—' $-_.5.0,737„50
______�______-_- �
The total consideration price iy1ohe | �____ _ '�_
The total amount of cash to seller at the time of sale is to be ' . . . ' . . . ' +_~^~°. ^^�^~
This offer isconditioned upon the foUowiro proviscn3 concerning loons: `�
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The ea}�r ish�furnish free of charge m complete abstract of title to date, showing a merchantable or insuroble .
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title to said real of the to who will sign the deed conveying said ccol estate, free and -
clear of all liens encumbrances any. Title is °' "= taken ' _
subject to existing leases and tenancies � d schedule:, ifnny.)
' .
^Taxes levied in the year 19_7_1_ shall be pro-rated at the time of c|csing on the basis of the last ascertainable
bill. Interest, pre-paid insurance on ms.° `iri6lm policies, and rents are to be prorated as at the date of dosing. '
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Seller will vacate and deliver possession of the property within _O (1)days Ha delivery ut_lisama', _
- ' and pay rent to Buyer at the
rate of $-----_P.-. per day until possession is
given after closing dote. .
as t� beconveportofpupsho�cpriceuponoccpptonce.
Buyerheruw�th �endp,u ��~�u\�^uu-- money,
This sum shall be held by Agent and if offer is not accepted or if title requirements are no t fulfilled, ir shall be
promptly returned to Buyer. If, after acce.Ptonco' Buyer fails to fulfill his obligations, the earnest money sh !| b�- '
come liquidated donognsin favor o[ the Seller, which fact shall not preclude Seller or Agent from asserting other
legal rights which they may hove because of such h breach.
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 co«Uo|ty' fhis 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 sho h be performed, he shall be entitled to the
proceeds of insurance app co e to nm
ii b| � � 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 and convey
to the party receiving said property hereunder good title to the following personal property:
moue ^
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This transaction is also subject to these Special Conditions:
1
1. Seller will at his expense
provide Buyer with a boundary� ��v� by a registered
professional engineer. The soles price is to be ediuscad to reflect a price of
fifty cents (500 per square foot of property conveyed.
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2 ' Buyer fi^ ^ '
can e in `oz7n1.e, u« /" ^ \ ^ ' --- �uoc� zt� .
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This Offer is binding upon Buyer if accepted within 3 from dote . � '
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The foregoing offer is accepted »yusmm � -_p
�� ' - ov
3 �� fe� pnohas�nnu| nerv'
______, _agree �u poy �E�TU�'PH|L]L|PS-A�[)�SE, Inc., � c __
� � ices rendered insecuring this offer, or Vs ofuny forfeited ��i money. -�
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i y. \ J � ,� � / /[/K
__ _�1_l- .�--���� � 4�---
Ross Muuuel,