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Home My WebLink AboutOrdinance 3625 FILED r ; ;t RECORD ' 92 RUG 14 MM 13 55 WASRiNV ( ON CO AR ORDINANCE NO . 3625 A . KSI LMEYER r AN ORDINANCE AUTHORIZING EMINENT DOMAIN a PROCEEDING FOR THE CITY TO OBTAIN TRACT NO , 73 OF THE AIRPORT FEDERAL LAND ACQUISITION p.y PROJECT , CONSISTING OF APPROXIMATELY 1 . 96 r ACRES OWNED BY MR , AND MRS , ALLEN HATCH , BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF d FAYE7TEVILLE , ARKANSAS : Section 1 . That the Board of Directors authorizes and directs the city attorney of the City of Fayetteville , Arkansas to initiate legal action in order to obtain property needed for the airport federal land acquisition project on the property described below : A ) Tract No . 73 , owned by Mr . and Mrs . Allen Hatch , containing approximately 1 . 96 acres , as more fully set forth in the legal description attached hereto as Exhibit nAn Section 2, The Board of Directors hereby determines that the immediate acquisition of the above-described property for the airport federal land acquisition project is necessary for runway approach and transitional area protection/obstruction removal and is essential for the public health , safety and welfare . Therefore , an emergency is hereby declared to exist and this ordinance being necessary for the public health , safety and welfare shall be in full force and effect from and after its passage and approval . PASSED AND APPROVED this 4th day , of August , 1992 . APPROVBy : ED : Mayo (1 111 i ) - ATTEST : By : • -Cite Cl 92 41394 _ O Y Jr CERT'IFICAT'E OF RECORD State of Arkansas SS City of Fayatteville I, ;sherry Thomps, City Clerk and Ez- Officlo :ecorder for the City of F'a;yettev;lle, do hereby certify thet the az ;sexed or foregoing is of record In my office and the same appears in OrdPnance Fi Resolution book at Page. I Witness my han end seai �thla —y�day of c C Stp C,sr: nd kr-Ornclol Recorder r1 - 1l1 ORDINANCE NO. 3626 STATE of ARKANSAS J as AN ORDINANCE AUTHOR- Cc of Washin ton IZING EMINENT DOMAIN 4' B PROCEEDING FOR THE CITY TO OBTAIN TRACT . NO. 73 OF THE AIRPORT FEDERAL LAND ACQUISI- 10 . D . 'Q/� hereby certify that I TION PROJECT. CONSIST- am the publisher of THE NORTHWEST ARKANSAS TIMES, a daily newspaper ING OF APPROXIMATELY 1 .96 ACRES OWNED BY having a second class mailing privilege, and being not less than four pages of five MR. AND MRS. ALLEN columns each, published at a fixed place of business and at a fixed (daily) intervals HATCH. continuous) in the Ci of Fayetteville, Cam of Washington, Arkansas for more BE . IT ORDAINED BY Y City Y tY B THE BOARD OF DIREC- than a period of twelve months, circulated and distributed from an established place TORS OF THE CITY OF of business to subscribers and readers generally of all classes in the City and County F A Y E T T E V. 1 L L E , ARKANSAS; for a definite price for each copy, ora fixed price per annum, which price was fixed Section 1 . That the at what is considered the value of the publication, based upon the news value and set- Board of Directors author- izes vice value it contains, that at least fiftycent of the subscribers thereto have aid Boa and directs the city at- Pcr P tomer of the Cay of Fayet- cash for their subscriptions to the newspaper or its agents or through recognized news legal Arkansas to inmate dealers over a Period of a least six months; and that the said news publishes an legal actin in order to ate Pcr P6Pcr tain property needed for the average of more than forty percent news matter. airport federal lana acquisi- tion project to the property I further certify that the legal notice hereto attached in the matter of A) Tract below: AI . & No. 73, owned by Y eco & Mrs. Allen Hatch, � 1 .96 - ions approximately [ O[ 1 .96 � acres, as more fully / set forth in the legal de- e re was ublished in the ular dail if said a for scription attached hereto as P B issue onewspaper Per Exhibit "A". I consecutive insertions as follows: Section 2. The Board Of Q� Directors Hereby deter- mines 1 �lf lxUl 2 miness that the immediate The first insertion on the day of 19 / acquisition of the above- described property for the airport federal lana acquisi- the second insertion on the day of 19 ition project is necessary for ,runway approach and trensk the third insertion on the de of 19 'tional area protection/ , Y obstruction removal and is ' essential for the public and the fourth insertion on the day of 19 health, safety and welfare. Therefore, an emergency is hereby declared to exist and this ordinance being necessary for the public health, safety and welfare PNZIdtmU General Manager shall be in full force and ef- fect from and after its pas- � L sage and approval. PASSED . AND AP- I Sworn to and subscribed before me on this day of PROVED this 4th day of August, 1992. APPROVED: 01A &Aoat 193a? By: Fred S. Vorsanger Mayor ATTEST: By: Sherry L. Thomas City Clerk EXHIBIT "A" Notary Public A part of Southwest Quar- ter of the Southwest Quar- ter of Section 33, Township 16 North, Range 30 West. My Commission Expires: 1 being more particularly de- ' /r scribed as follows, to-wit: Beginning at a Point On the west line of U.S. Highway ' 71 , which point is 811 .9 ' feet North of the South line - of said 40 acre tract, for a - beginning point to the lands �� herein being conveyed: Fees for Printing $: / 07 . thence wast approximately .: 200 feel: thence South 150 Cost of Proof $ • ' feet; thence West approxi- ' mately 100 feet: chance b .. South approximately 255.9 Total $ ' feet: thence East 150 feet; , thence North 100 feet: thence East 23 feet; thence North 83 feet: thence in a Northeasterly direction 62 feet to a point which is 66 feet West of the West line of said Highway; thence East 66 feet to the Wast line of said Highway; ' thence North 185.9 feet to the place of beginning. _ 1 i i Reed dLo a, . Ioff' I i PART I - INTRODUCTION i i i i i i i 1 C I deed d cd"act;a e j Aw. TABLE OF CONTENTS Title Page . . . . . . 1 Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 - 3 PART I - INTRODUCTION I Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Photographs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 - 14 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Assumptions and Limiting Conditions . . . . . . . . . . . . . . . . . . 16 - 17 Summary of Important Conclusions . . . . . . . . . . . . . . . . . . . . . 18 - 19 Qualification of Tom Reed . . . . . . . . . . . . . . . . . . . . . . . . . 20 - 21 i PART II - FACTUAL DESCRIPTION Identification of Property . . . . . . . . . . . . . . . • • • • • • • • • • 22 Purpose of the Appraisal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Definition of Market Value . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Property Rights Appraised . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Scope of the Appraisal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 - 25 Ownership of the Appraised Property . . . . . . . . . . . . . . . . . . 25 Area Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Area Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 - 33 Real Estate Location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Neighborhood Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 - 36 Parcel Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Description of Site . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 - 41 Zoning and Assessment and Taxes . . . . . . . . . . . . . . . . . . . . . . 42 Zoning Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 i I� PART III - ANALYSIS OF DATA AND OPINIONS OF THE APPRAISAL Highest and Best Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 - 46 Cost Approach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 - 54 Sales Comparison Approach . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 - 69 Income Capitalization Approach . . . . . . . . . . . . . . . . . . . . . . . 70 - 81 Reconciliation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 - 83 i PART IV - ADDENDA WarrantyDeed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Location Maps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 - 86 i. Flood Plain Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Property Cards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 - 93 Mobile Home Inspection Report . . . . . . . . . . . . . . . . . . . . . . . . 94 - 104 Income Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 - 106 Appraisal Request Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107 - 109 4 /rI I S` 0 J / , • I I I BAILEY DRIVE FRONTAGE • • •'\'�';'Yt�''.I� Vii . ', �•� � � �/•I ''• \� � A�• ��(' ` 7J°' rf y�{ �•'G iM7�* �� • �^' `{F �•VHF Photographs , Cont ' d . DRIVEENTRANCE TO MOBILE HOME PARK FROM BAILEY • TRAILER NO * I PROPERTY OWWERfS RESIDENCE p ��!,;�� J Ji' /II Reedd cd"Ocit /. Photographs , Cont ' do II. 1 r,� �t1L ,•j 7 '.. s • , • .-tom,,:}, l� �_ d I1 � t, lot Aw �I�I TRAILER NO * 4 , 2 TRAILER NOs 5. 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