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HomeMy WebLinkAboutOrdinance 4514 ORDINANCE NO. 4514 AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 - APPLEBY LANDING PROFESSIONAL CENTER WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 5 has been filed with the Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and WHEREAS, Ark. Code Ann. Sec. 14-94-106 (2) provides that the Mayor shall thereupon set a date and time, not later than 15 days after the date of the presentation of the petition to the mayor, for a hearing before the governing body for consideration of the petition; and WHEREAS, the Fayetteville City Council has determined from an abstractor's certificate of property ownership that those signing said petition constitute all the owners of the real property to be located in said district; and WHEREAS, Ark. Code Ann. Sec. 14-94-106(b)(2) provides that if the governing body determines that all of the owners of the real property to be located in the district have petitioned for the improvements, it shall then be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners as named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 : That the real property described in Exhibit " A" attached hereto and made a part hereof is hereby established and laid off as Fayetteville Municipal Property Owners' Improvement District No. 5 for the purpose of constructing or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electric and telephone distribution systems, sanitary sewers, streets and highways, including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing within said district. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: Ben Israel, Phil Phillips and Tom Muccio. Section 3: The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 5 -- Appleby Landing Professional Center. PASSED and APPROVED this the 1611, day of September, 2003. f AY E rq APPROVED: j 4,7 DAN COODY, Mayor 4 of T: SONDRA SMITH, City Clerk RFr "A irr) BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSI�r, 2003 CITY CITY CLERK'S OFFICE PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 — APPLEBY LANDING PROFESSIONAL CENTER For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center, Investors Realty, LLC, an Arkansas Limited Liability Company, states: 1 . Petitioner is the record title owner to all of the real property described in Exhibit "A" attached hereto and made a part hereof as reflected by the deed records in the Office of the Circuit Clerk and Ex-Officio Recorder of Washington County, Arkansas. All of said property is located within the corporate limits of the City of Fayetteville, Arkansas. 2. Petitioner desires that the real property described in Exhibit "A" attached hereto and made a part hereof be laid off into a Municipal Property Owners' Improvement District pursuant to Ark. Code Ann. Section 14-94-101 et seq . for the purpose of constructing , and maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electric and telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing . 3. Petitioner desires that the district shall not cease to exist upon the construction of the improvements, but it shall continue to exist for the purpose of preserving, maintaining , and operating the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann. , Title 14, Chapter 94. 4. Petitioner names the following three (3) individuals to be appointed as commissioners of the district: Ben Israel, Phil Phillips and Tom Muccio. 5. Petitioner proposes that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center. WHEREFORE, Investors Realty, LLC, an Arkansas Limited Liability Company, petitions the City Council of Fayetteville, Arkansas, to adopt an ordinance establishing and laying off the real property described in Exhibit "A" attached hereto and made a part hereof into Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center for the purpose of constructing and maintaining facilities for waterworks, recreation , drainage, gas pipelines, underground trenches and excavations necessary for the installation of electricity and telephone distribution systems, sanitary sewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing . DATED this a 3 day of August, 2003. Investors Realty, LLC An Arkansas Limited Liability Company By: Ben Israel, Trustee/ Member'bf Financial Realty, LC, Manager SURVEY DESCRIPTION Airstrip Tract: A PART OF THE NW1 /4 OF SECTION 35, TOWNSHIP 17 NORTH , RANGE 30 WEST, FAYETTEVILLE, ARKANSAS . BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF THE S1 /2 OF THE NW1 /4 OF THE NW1 /4 OF SAID SECTION 35; THENCE ALONG THE NORTH LINE OF SAID S1 /2 OF THE NW1 /4 OF THE NW1 /4 S87'23'29"E 383.82 FEET; THENCE LEAVING SAID NORTH LINE S02*31 ' 13"W 316.46 FEET; THENCE N8805510311W 1 .47 FEET; THENCE S02,49'26"W 101 .31 FEET; THENCE S02049' 14"W 188.73 FEET; THENCE S87° 10'26"E 0.66 FEET; THENCE S02027' 17"W 1374. 19 FEET TO THE SOUTH LINE OF THE SAID NW1 /4 OF SECTION 35; THENCE ALONG SAID SOUTH LINE N87° 18' 13"W 383. 14 FEET TO THE SW CORNER OF THE SAID NW1 /4 OF SECTION 35; THENCE LEAVING SAID SOUTH LINE AND ALONG THE WEST LINE OF THE SAID NW1 /4 OF SECTION 35 NO2031 '22"E 1980. 14 FEET TO THE POINT OF BEGINNING, AND CONTAINING 17.388 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH AND DRAKE STREET ON THE SOUTH , AND ANY RIGHTS-OF-WAY, EASEMENTS , COVENANTS OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 2: PART OF THE S1 /2 OF THE NW1 /4 OF THE NW1 /4 OF SECTION 35, TOWNSHIP 17 NORTH , RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 2 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°31 '36"E 193.81 FEET; THENCE S02021 '40"W 309.68 FEET; THENCE N87009'37"W 60.02 FEET; THENCE S0557'33"W 9.95 FEET; THENCE N87014'57"W 133.98 FEET; THENCE N02030'22"E 318. 58 TO THE POINT OF BEGINNING, AND CONTAINING 1 .409 ACRES, MORE OR LESS , AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH , AND ANY RIGHTS-OF-WAY, EASEMENTS , COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 3: PART OF THE S1 /2 OF THE NW1 /4 OF THE NW1 /4 OF SECTION 35, TOWNSHIP 17 NORTH , RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 3 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87`31 '36"E 174.09 FEET; THENCE S02630'22"W 318. 58 FEET; THENCE N87014'57"W 175.77 FEET; THENCE N02048'32"E 317.73 FEET TO THE POINT OF BEGINNING , AND CONTAINING 1 . 278 ACRES, MORE OR LESS , AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH , AND ANY RIGHTS-OF-WAY, EASEMENTS , COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5-APPLEBY LANDING PROFESSIONAL CENTER ASSESSOR'S OATH I , Stephen C. Cosby, Assessor for Fayetteville Municipal Property Owners' Improvement District No. 5-Appleby Landing Professional Center, hereby swear that I will well and truly assess all benefits that will accrue to the landowners of the District by reason of the improvement. STEPH N C . C(YSBY STATE OF ARKANSAS ) ) SS COUNTY OF WASHINGTON ) SUBSCRIBED AND SWORN TO before me, a Notary Public, this _ day of October, 2003. NOTARY PUBLIC My commission expires: OFFICIAL SEAL 29 Zoo L AROL BL.L GREGORY TARY PUBLIC - ARKANSAS WASHINGTON COUNTY MMISSION EXPIRES: 11 -29-2004 RECEIVED NOV 12 2003 CITY OF FAYETTEVILLE CITY CLERICS OFFICE NAME OF FILE: Ordinance No. 4514 w/Petition CROSS REFERENCE: Item # Date Document 1 08/28/03 Staff Review Form w/attachments draft ordinance letter to Sondra Smith from Jim McCord Petition w/Ex. A Abstractor's Certificate of Property Ownership w/Ex. A letter to Sondra Smith from Jim McCord Notice commissioner's oaths 2 09/22/03 Affidavit of Publication ' t NOTES: 9/19/2003 Jim McCord picked up two original ordinances as requested 0�2b tf-Si - {YV /tlunre/p2� STAFF REVIEW FORM - NON-FINANCIAL OBLIGATION, 69//G /Zr o,3 XX AGENDA REQUEST For the Fayetteville City Council Meeting of : September 16, 2003 FROM: Sondra Smith City Clerk City Clerk Name Division Department ACTION REQUIRED : An ordinance to establish Fayetteville Municipal Property Owner's Improvement District No. 5 SUMMARY EXPLANATION : A petition filed by James N. McCord to form Fayetteville Municipal Property Owners' Improvement District No. 5 Appleby Landing Professional Center. The petition is being filed under the Arkansas Municipal Property Owners' Improvement District law, Arkansas Code Ann. Sec. 14-94-101 et seq. The property comprises 20.065 acres south of Apply Drive across from Washington Regional Hospital. STAFF RECONSIENDATION : Received in Mayor ' s Office Division Head Date Date h rre✓td � O rto FORM �n1(.y 0 � z m City Attorn y Date Cross Reference : Department Directorq Date /� e�p kx~O at, &�rfi.QciaY ��� Previous Ord/Res # : X/ � _ \ 4-0 Cali,) Finance a Internal Services Dir . Date Orig . Contract Date : 9, 17,-Os Orig . Contract Number : Chief AdMiniStrative Officer Date /171 3 New Item : Yes No I—Poot.&Z�K � Mayor — Date d8 ,3 r l ORDINANCE NO. AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 - APPLEBY LANDING PROFESSIONAL CENTER WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 5 has been filed with the Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and WHEREAS, Ark. Code Ann. Sec. 14-94-106 (2) provides that the Mayor shall thereupon set a date and time, not later than 15 days after the date of the presentation of the petition to the mayor, for a hearing before the governing body for consideration of the petition; and WHEREAS, the Fayetteville City Council has determined from an abstractor's certificate of property ownership that those signing said petition constitute all the owners of the real property to be located in said district; and WHEREAS, Ark. Code Ann. Sec. 14-94-106(b)(2) provides that if the governing body determines that all of the owners of the real property to be located in the district have petitioned for the improvements, it shall then be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners as named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the real property described in Exhibit " A" attached hereto and made a part hereof is hereby established and laid off as Fayetteville Municipal Property Owners' Improvement District No. 5 for the purpose of constructing or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electric and telephone distribution systems, sanitary sewers, streets and highways, including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing within said district. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: Ben Israel, Phil Phillips and Tom Muccio. • JAMES N. McCORD RE� 4" !rn Attorney at Law 2 7 2W 11 N. WEST AVE. AUG SUITE #202 CITY Or a _c FAYETTEVILLE, ARKANSAS 72701 CITY CLEBY, 5 �= TELEPHONE (479) 695.1134 FACSIMLE (479) 6957135 jimmocordlaw@alftel.net August 27, 2003 Ms. Sondra Smith, City Clerk VIA HAND DELIVERY City Administration Building 113 W. Mountain Fayetteville, AR 72701 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center Dear Ms. Smith: Enclosed for filing in the office of the Fayetteville City Clerk are three (3) executed counterparts of a Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5- Apple Landing Professional Center. Please file mark each Petition, retain one for your permanent file, retain one for presentation to the Mayor, and return the other counterpart to me. The Petition is being filed under the Arkansas Municipal Property Owners' Improvement District law, Ark. Code Ann. Sec. 14-94-101 et seq. The property comprises 20.065 acres south of Appleby Drive across from Washington Regional Hospital. Ark. Code Ann. Sec. 14-94-105(e)(3) provides that notice of the filing of the Petition shall be given by first class mail to the mayor by the clerk. Ark. Code Ann. Sec. 14-94-106 provides: (a)(1 ) Upon the filing of the petition with the clerk, it shall be the duty of the clerk to present the petition to the mayor. (2) The mayor shall thereupon set a date and time not later than fifteen (15) days after the date of the presentation of the petition to the mayor, for a hearing before the governing body for consideration of the petition. (b)(1 ) At the hearing, it shall be the duty of the governing body to hear the petition and to ascertain whether those signing the petition constitute all the owners of the real property to be located in the district. (2)(A) If the governing body determines that all the owners of the real property to be located in the district have petitioned for the improvements, it shall be its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the commissioners as named in the petition. (c) The ordinance establishing the district shall be published within thirty (30) days after its adoption by one (1 ) insertion in some newspaper of general circulation in the municipality in which the district lies. Enclosed for your convenience is a form for a letter you may use to give the Mayor notice by first class mail that the Petition has been filed with the city clerk. Also enclosed for filing in your office is an executed Abstractor's Certificate certifying that the improvement district petition is signed by the owner of all the real property described in the petition. I have drafted and enclose an ordinance which would establish the improvement district and name the commissioners. Formation of a municipal property owners' improvement district is merely a financing alternative for the cost of subdivision infrastructure. The improvement district issues special assessment bonds, bond proceeds are used to pay for the infrastructure, the district levies a tax on each lot to pay debt service on the bonds, the tax revenues are paid to the bond trustee, and the trustee makes debt service payments to the bondholders. The developer must comply with all city development ordinances. The infrastructure is dedicated to the city. The preliminary subdivision plat for Appleby Landing, comprising 12 commercial lots, has been approved by the Fayetteville Planning Commission. Should there be any questions, please contact me. Sincerely, a es N. McCord JNM:mbm cc: Honorable Dan Coody, Mayor Kit Williams, City Attorney Ben Israel August 27, 2003 Honorable Dan Coody, Mayor City Administration Building 113 W. Mountain Fayetteville, Arkansas 72701 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5-Appleby Landing Commercial Center Dear Mayor: Pursuant to Ark. Code Ann. 14-94-105 (e)(3), you are hereby noted that the enclosed Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5-Appleby Landing Commercial Center has been filed in the office of the Fayetteville City Clerk. Pursuant to Ark. Cone Ann. Sec. 14- 44-106(a)(1 ), I hereby present you with the Petition. Sincerely, � QI� Sondra Smith City Clerk cc: Kit Williams, City Attorney James N: McCord REC�"�+rrn BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS AUG 2 7 2003 CITY O� „ CITY CLERK'S OFFICE PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5- APPLEBY LANDING PROFESSIONAL CENTER For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center, Investors Realty, LLC, an Arkansas Limited Liability Company, states: 1. Petitioner is the record title owner to all of the real property described in Exhibit "A" attached hereto and made a part hereof as reflected by the deed records in the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas. All of said property is located within the corporate limits of the City of Fayetteville, Arkansas. 2. Petitioner desires that the real property described in Exhibit "A" attached hereto and made a part hereof be laid off into a Municipal Property Owners' Improvement District pursuant to Ark. Code Ann. Section 14-94-101 et seq. for the purpose of constructing, and maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electric and telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing. 3. Petitioner desires that the district shall not cease to exist upon the construction of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operating the improvements, replacing equipment, • paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann., Title 14, Chapter 94. 4. Petitioner names the following three (3) individuals to be appointed as commissioners of the district: Ben Israel, Phil Phillips and Tom Muccio. 5. Petitioner proposes that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center. WHEREFORE, Investors Realty, LLC, an Arkansas Limited Liability Company, petitions the City Council of Fayetteville, Arkansas, to adopt an ordinance establishing and laying off the real property described in Exhibit "A" attached hereto and made a part hereof into Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center for the purpose of constructing and maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electricity and telephone distribution systems, sanitary sewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing. /L DATED this __ day of August, 2003. Investors Realty, LLC An Arkansas Limited Liability Company Ben Israel, Trustee/ Member of Financial Realty, LC, Manager • • I14' SURVEY DESCRIPTION Airstrip Tract: A PART OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, FAYETTEVILLE, ARKANSAS. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SAID SECTION 35; THENCE ALONG THE NORTH LINE OF SAID S1/2 OF THE NW1/4 OF THE NW1/4 S67'23'29"E 383.82 FEET; THENCE LEAVING SAID NORTH LINE S02°31'13"W 316.46 FEET; THENCE N8855'03"W 1.47 FEET; THENCE S02'49'26"W 101.31 FEET; THENCE S02°49'14"W 188.73 FEET; THENCE S87°10'26"E 0.66 FEET; THENCE S02°27'17"W 1374.19 FEET TO THE SOUTH LINE OF THE SAID NW1/4 OF SECTION 35; THENCE ALONG SAID SOUTH LINE N87°18'13"W 383.14 FEET TO THE SW CORNER OF THE SAID NW1/4 OF SECTION 35; THENCE LEAVING SAID SOUTH LINE AND ALONG THE WEST LINE OF THE SAID NW114 OF SECTION 35 N02°3122"E 1980.14 FEET TO THE POINT OF BEGINNING, AND CONTAINING 17.388 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH AND DRAKE STREET ON THE SOUTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 2; PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 2 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S8731'36"E 193.81 FEET; THENCE S02°21'40"W 309.68 FEET; THENCE N87009'37"W 60.02 FEET; THENCE S05°57'33"W 9.95 FEET; THENCE N87°14'57"W 133.98 FEET; THENCE N02°30'22"E 318.58 TO THE POINT OF BEGINNING, AND CONTAINING 1.409 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 3; PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 3 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°31'36"E 174.09 FEET; THENCE S02'3022"W 318.58 FEET; THENCE N87°14'57"W 175.77 FEET; THENCE N02°48'32"E 317.73 FEET TO THE POINT OF BEGINNING, AND CONTAINING 1.278 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. RECEI\(ED AUG 272003 CITY OF Fn1 cii CITY CLERK'S OFFICE BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS RE: PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO.5 - APPLE LANDING PROFESSIONAL CENTER ABSTRACTOR'S CERTIFICATE OF PROPERTY OWNERSHIP Heritage Title & Closing Company of Northwest Arkansas, Inc. hereby certifies that the deed records in the office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas, reflect that Investors Realty, LLC, an Arkansas Limited Liability Company, is the record title owner of all the real property described in Exhibit "A" to the Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5, a copy of which Exhibit "A" is attached hereto and made a part hereof. Dated this 2 (0 day of __________________,2003 Heritage Title & Closing Company of Northwest Arkansas, Inc. iC1•. ;. h ".1 • SURVEY DESCRIPTION Airstrip Tract: A PART OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, FAYETTEVILLE, ARKANSAS. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SAID SECTION 35; THENCE ALONG THE NORTH LINE OF SAID S1/2 OF THE NW1/4 OF THE NW1/4 S87°23'29"E 383.82 FEET; THENCE LEAVING SAID NORTH LINE S02°31'13"W 316.46 FEET; THENCE N88°55'03"W 1.47 FEET; THENCE S02°4926"W 101.31 FEET; THENCE S02°49'14"W 188.73 FEET; THENCE S87°10'26"E 0.66 FEET; THENCE S02°27'17"W 1374.19 FEET TO THE SOUTH LINE OF THE SAID NW1/4 OF SECTION 35; THENCE ALONG SAID SOUTH LINE N87°18'13"W 383.14 FEET TO THE SW CORNER OF THE SAID NW1/4 OF SECTION 35; THENCE LEAVING SAID SOUTH LINE AND ALONG THE WEST LINE OF THE SAID NW1/4 OF SECTION 35 N02°31'22"E 1980.14 FEET TO THE POINT OF BEGINNING, AND CONTAINING 17.388 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH AND DRAKE STREET ON THE SOUTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 2; PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 2 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°31'36"E 193.81 FEET; THENCE S02°21'40"W 309.68 FEET; THENCE N87°0937"W 60.02 FEET; THENCE S05°57'33"W 9.95 FEET; THENCE N87 14, 57 W 133.98 FEET; THENCE N02°30'22"E 318.58 TO THE POINT OF BEGINNING, AND CONTAINING 1.409 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 3 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°31'36"E 174.09 FEET; THENCE S02°30'22"W 318.58 FEET; THENCE N87°14'57"W 175.77 FEET; THENCE N02°48'32"E 317.73 FEET TO THE POINT OF BEGINNING, AND CONTAINING 1.278 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. fl1..1I Attorney at Law 11 N. WEST AVE. SUITE #202 FAYETTEVILLE, ARKANSAS 72701 TELEPHONE (479) 695-1134 FACSIMLE (479) 695-1135 jimrnccordlaw@alltel.net August 28, 2003 tfl/Qfp,,l Ms. Sondra Smith, City Clerk Via Hand Delivery City Administration Building 113 W. Mountain Fayetteville, AR 72701 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5- Appleby Landing Commercial Center Dear Ms. Smith: Enclosed for filing in the office of the Fayetteville City Clerk are three (3) executed counterparts of a revised Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 5- Appleby Landing Professional Center. The only change from the Petition filed August 27, 2003 is the Notice at the top of the Petition. The Notice is required by statute. Please give the Mayor notice of the filing of the Petition by first class mail and present the Petition to the Mayor, as required by statute. Sincerely, es N. McCord cc: Honorable Dan Coody, Mayor Kit Williams, City Attorney Ben Israel r'1L"Ci�r\ Ad�G��9�3 Ci r ,.. VAYETTEVILLE %�j®W,,$N66FRElYILLE 9 t1�•- -Iv d�ana RECEIVED AUG 2 8 2003 CITY OF FAYETJEVILLE CITY CLERK'S'OFFICE r: R NOTICE IGINAL YOUR SIGNATURE HEREON SHOWS THAT YOU FAVOR THE ESTABLISHMENT OF AN IMPROVEMENT DISTRICT. IF THE DISTRICT IF FORMED, YOU MAY BE CHARGED FOR THE COSTS OF THE IMPROVEMENTS. BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO.5- - APPLEBY LANDING PROFESSIONAL CENTER For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center, Investors Realty, LLC, an Arkansas Limited Liability Company, states: 1. Petitioner is the record title owner to all of the real property described in Exhibit "A" attached hereto and made a part hereof as reflected by the deed records in the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas. All of said property is located within the corporate limits of the City of Fayetteville, Arkansas. 2. Petitioner desires that the real property described in Exhibit "A" attached hereto and made a part hereof be laid off into a Municipal Property Owners' Improvement District pursuant to Ark. Code Ann. Section 14-94-101 et seq. for the purpose of constructing, and maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electric and telephone distribution systems, ayes '&ThJ3 RECEIVED 1t4t gVLO /J .T�7 / / "- " AUG 292003 CITY OF FAYETTEVILLE " fcto 2/44 1O MAYOR'S OFFICE u l Main RECEIVED AUG 282003 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing. 3. Petitioner desires that the district shall not cease to exist upon the construction of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operating the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized in Ark. Code Ann., Title 14, Chapter 94. 4. Petitioner names the following three (3) individuals to be appointed as commissioners of the district: Ben Israel, Phil Phillips and Tom Muccio. 5. Petitioner proposes that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center. WHEREFORE, Investors Realty, LLC, an Arkansas Limited Liability Company, petitions the City Council of Fayetteville, Arkansas, to adopt an ordinance establishing and laying off the real property described in Exhibit "A" attached hereto and made a part hereof into Fayetteville Municipal Property Owners' Improvement District No. 5 — Appleby Landing Professional Center for the purpose of constructing and maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation of electricity and telephone distribution systems, sanitary sewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing. DATED this o29 day of August, 2003. Investors Realty, LLC An Arkansas Limited Liability Company By: c4 Ben Israel, Trustee/ Member of Financial Realty, LC, Manager . • SURVEY DESCRIPTION Airstrip Tract: A PART OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, FAYETTEVILLE, ARKANSAS. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SAID SECTION 35; THENCE ALONG THE NORTH LINE OF SAID S1/2 OF THE NW1/4 OF THE NW1/4 S87°23'29"E 383.82 FEET; THENCE LEAVING SAID NORTH LINE S02°3113"W 316.46 FEET; THENCE N88°55'03"W 1.47 FEET; THENCE S02°49'26W 101.31 FEET; THENCE S02°49'14"W 188.73 FEET; THENCE S87°10'26"E 0.66 FEET; THENCE S0227'17"W 1374.19 FEET TO THE SOUTH LINE OF THE SAID NW1/4 OF SECTION 35; THENCE ALONG SAID SOUTH LINE N8718'13"W 383.14 FEET TO THE SW CORNER OF THE SAID NW1/4 OF SECTION 35; THENCE LEAVING SAID SOUTH LINE AND ALONG THE WEST LINE OF THE SAID NW1/4 OF SECTION 35 N02°31'22"E 1980.14 FEET TO THE POINT OF BEGINNING, AND CONTAINING 17.388 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH AND DRAKE STREET ON THE SOUTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 2; PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 2 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°3136"E 193.81 FEET; THENCE S02°21'40"W 309.68 FEET; THENCE N87°09'37"W 60.02 FEET; THENCE S05°57'33"W 9.95 FEET; THENCE N87°14'57"W 133.98 FEET; THENCE N02°30'22"E 318.58 TO THE POINT OF BEGINNING, AND CONTAINING 1.409 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT. SURVEY DESCRIPTION TRACT 3; PART OF THE S1/2 OF THE NW1/4 OF THE NW1/4 OF SECTION 35, TOWNSHIP 17 NORTH, RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NW CORNER OF TRACT 3 PER PLAT FILED, DOCUMENT NUMBER 2002-069391 DATED MAY 15, 2002; THENCE S87°3136"E 174.09 FEET; THENCE S0230'22"W 318.58 FEET; THENCE N87"1457"W 175.77 FEET; THENCE N02°48'32"E 317.73 FEET TO THE POINT OF BEGINNING, AND CONTAINING 1.278 ACRES, MORE OR LESS, AND SUBJECT TO THE RIGHT-OF-WAY OF APPLEBY ROAD ON THE NORTH, AND ANY RIGHTS -OF -WAY, EASEMENTS, COVENANTS, OR RESTRICTIONS OF RECORD OR FACT gjgn MO �-TNA SI2AYd 1O AllO CON 9 2 d3S (33A13038 A09:42 RCVD A09:43 RCVD FI '03 SEP 2 25 KAR !d OMBS PI?;TC;l4Ri FAYE ii EVILLE MUNICIPAL PROW R,., Oa%VNE.RS'9MPROVEMENT DISTRICT NO. 5 -APPLEBY LANDII?O PROFESSIONAL CENTER COMMISSIONER'S OATH OF OFFICE I, PHIL PHILLIPS, A COMMISSIONER OF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 - APPLEBY LANDING PROFESSEIONAL CENTER, HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. PHIL PHILLIPS STATE OF ARKANSAS COUNTY OF WASHINGTON SUBSCRIBED AN SWORN TO before me, a Notary Public, this /q� day of 2003. S. 3DIA3 s3Na313 A JO I nA3• 3tl3AVJ jo Aiio £00? U d3S 03 SEP3 Pp 2 25 A09:41 RCVD FAYETTEVILLE MUNICIPAL PROPERTY OWI DISTRICT NO. 5- APPLEBY LANDING PROF CV ; 00ORMbS PR'$tv9" % ERS; AMP,R,QVthci i RK SSIONAL CENTER A?K. COMMISSIONER'S OATH OF OFFICE I, TOM MUCCIO, A COMMISSIONER OF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 - APPLEBY LANDING PROFESSEIONAL CENTER, HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. TOM MUCCIO STATE OF ARKANSAS COUNTY OF WASHINGTON O2anJSU SCRIBED AND SWORN TO before me, a Notary Public, this day of 5 Qr, 2003. My Commission Expires: as o RECEIVED SEP 2 3 2003 FI L CITY OF FAYETTEVILLE CITY CLERK'S OFFICE A09:41 RCVD 003 SEP Pfl 2 25 KARc"J COR.I@S P,,')"C(i;. CO. & PROr,1ATc FAYETTEVILLE MUNICIPAL PROPERTY; WNERS.IN1PRbVEMENT DISTRICT NO. 5 -APPLEBY LANDING PROFESSIONAL CENTER COMMISSIONER'S OATH OF OFFICE I, BEN ISRAEL, A COMMISSIONER OF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 5 - APPLEBY LANDING PROFESSEIONAL CENTER, HEREBY SWEAR TO SUPPORT THE CONSTITUTION OF THE UNITED STATES AND THE CONSTITUTION OF THE STATE OF ARKANSAS, TO DISCHARGE FAITHFULLY MY DUTY AS AN IMPROVEMENT DISTRICT COMMISSIONER, AND TO NOT BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT LET BY THE BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. STATE OF ARKANSAS COUNTY OF WASHINGTON SUBSCRIBED AND SWORN TO before me, a Notary Public, this 9 day 0f5p1/cMcijer,2003. My Commission Expires: �� 00 s,n RECEIVED SEP 242003 CITY OF FAYETTEVILLE AFFIDAVIT OF PUBLICATIOCLERK'SOFFICE I, _, do solemnly swear that I am Legal Clerk of the Arkansas Democrat-Gazette/Northwest Arkansas Times newspaper, printed and published in Lowell, Arkansas, and that from my own personal knowledge and reference to the files of said publication, that advertisement of: ��CCCc40 7 was inserted in the regular editions on PO# /S400/ ** Publication Charge: $ /// Subscribed and sworn to before me this day of SPo><2tnb-Q✓' 12003. Notary Public My Commission Expires: 07/o?S'/o?013 ** Please do not pay from Affidavit. An invoice will be sent Official Seal SEAN -MICHAEL ARGO Notary Public -Arkansas WASHINGTON COUNTY My Commission Expires 07-25-2013 ONo1NANCY NO. 4014 AN ORDINANCE TO ESTABUSH AND LAY OFF FAYETr V7LLE MUNICIPAL PROPERTY OWNERSIMPROVEMENT DISTRICT' r - NO. 51= APPLEBY LANDING PROFESSIONAL CENTER WHEREAS, a Peflllon to form Fayettosle MuNelpel Proporty( Owners' Improvement Dletrim No. 5 has been God with u.Cftyof FayeftiteVflle - FayeheNfte City Clerk: and _ WHEREAS, the CITY Clerk hag preseraetl said petltbn to the Me,ar; and WHEREAS, Ark. Cone Ann. Sec. 14-s 1-106(2) prwltlaa that the Mayor shat thereupon sate dat9 art tine. not 0tw than 15 data after the date of the presentatlon_of as petition to 00 mayor, for a heaNg before e0 9o.en*ig body far axamat, of the Petition: std WHEREAS, the FayettetlAe City Cans has detemeed lean en ebstrectab certtat9 of property owrersltlp that those slpr0lp said petItbn matinee all the oyners of U. feet properly to be located In said disMd; and I WHEREAS, Ark. Code Ant Sec. 14-94-106(b)(2) fooNdas that if U. 9OmT*g body deterryims that as of the own of the red property to be located h the dish rare pemloted for the mprwemenfa: If shaft then be Ile duty by adsWlce to esabesh and lay o5 C0 district as dented In the pettlon and to appoint the mfsNseoners as named In the petalon. NOW.TN[REPORN, BE R ORDAINED BY THE CITY COUNCIL OF THE R CT FATBT7ellLLa, AIUUUOUSI Section 1: That the reel property described In DOW W attached hereto and made a pet hereof Is hereby estebllsled are aid off as Fayetteville MUNdpe Properly Owners' Improvement District No. 5 for the purpose of constmctmg or melntak rg adu lee for watervpka, resreatan, drainage, gas Plpelnes, undergrand trenches and exramtbts necessary for the katafasa, of electric and telephone distribubw systems, sanitary sewers, streets and Nghwaya Induding arts s,0 gutlon. and 60eweke, together with fecaeles rented 10 any of the foregoing within said district Section 2: The following Wee IrtMduals are hereby appointed as catwKsslaere of said Mpn„ement district Ben Israel. Pttll PhMps and Tan Mucdo. Section 3: The name of'said knprwanait district stall be FeyetteWo MUNcpe Property Wavers' Improvement District No. 5 -- Appleby Landing P*ofesslaal Center. 1.:n . .IjitIinliul ., : r,x 212 NORTH EAST AVENUE • P.O. BOX 1607 •