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HomeMy WebLinkAboutOrdinance 4897 r' ORDINANCE NO, 4897 AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 — WELLSPRING WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 16 — Wellspring has been filed with the Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and WHEREAS, the Mayor has set July 18,' 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of said petition; and WHEREAS, the Fayetteville City Council has determined from the petition and an abstracter' s certificate of property ownership that those signing the petition constitute all the owners of the real property to be located in the district; and WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at Ark. Code Ann. § 14-94- 106(b)(2) that if the governing body determines that all the owners of the record title to 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 named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL 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. 16 — Wellspring for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities 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, or for more than one of those purposes. r � Section 2 : The following three individuals are hereby appointed as commissioners of said improvement district: Brandon Barber, Seth Kaffka and Brandon Rains. Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 16 — Wellspring. Section 4: The district shall not cease to exist upon the acquiring, constructing or completion 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. PASSED and APPROVED this 18th day of July, 2006. �r\�Fi1VTR ' °O .G\SYOc SG's, �.� •. � . p : FAYETTEVILLE * APPROVED- ATTEST: y: kANSP�J�';� l \ !NG 'oNtto j1�p���. By: By:, /Ylnxvr✓ DAN COODY, Mayor SONDRA SMITH, City Clerk a ' s 'r Fayetteville Municipal Property Owners' Improvement District No. 16 - Wellspring Exhibit A SURVEY DESCRIPTION: A PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 6, TOWNSHIP 16 NORTH, RANGE 30 WEST, AND A PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 1 , TOWNSHIP 16 NORTH, RANGE 31 WEST, AND A PART OF THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 7, TOWNSHIP 16 NORTH, RANGE 30 WEST, AND A PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION 12, TOWNSHIP 16 NORTH, RANGE 31 WEST, ALL IN WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT: BEGINNING AT A POINT WHICH IS S87°42'05"E 617.60' AND NO3003'08"E 102.59' FROM THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SAID SECTION 7 AND RUNNING THENCE S87003'27"E 93 .41 ' TO A SET IRON PIN , THENCE NO2040105"E 1716.06' TO A FOUND IRON PIN, THENCE NO2040'00"E 2143 .06' TO A FOUND IRON PIN, THENCE N8704614211W 715 .35' TO A FOUND IRON PIN, LOCATED AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SAID SECTION 7, THENCE NO202795611E 46.74' TO A FOUND IRON PIN, LOCATED AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 1 , THENCE N86058'50"W 751 .69' TO THE CENTERLINE OF RUPPLE ROAD, THENCE ALONG SAID CENTERLINE S20020'50"W 44.46'; S14° 10'34"W 65 . 18'; S09° 16'42"W 44.03'; S06°40'25"W 54.50'; S05° 18'51 " W 54.60'; SO4°54'39" W 54.72'; SO405712"W 59.85'; S07° 17'28"W 55 .76; S13038' 10"W 52.31 '; S23°24'21 "W 49.39'; S32° 18'04"W 47.75'; S36°38' 10"W 37.75'; S40°31 '2VW 59. 19'; S44°51 ' 16"W 60.06'; S46°48'24"W 67.32'; S44°39' 19"W 56.83'; S39°09'37"W 55 .03'; S30055' 13"W 66.99'; S24°56'32"W 57.82'; S22°38' 12'.W 58.87'; S22°23'40"W 54.61 '; S22°23'30"W 58.25; S23°21 '56"W 55 .44; S27°27'36"W 58. 17; S31 °39' 13"W 58.36; S31 °28'21 "W 57.48; S21021 '38"W 54.39; S09°23'27"W 60.29 SO2°47' 11 "W 51 .61 ; S01 °55'43 "W 51 .38; S02°08'4VW 57. 15'; S02°26'03"W 49.97'; S02°30'26"W 51 .03'; S02049'34"W 51 .91 '; S02°57'05"W 54.52'; S02054'57"W 52.461; S02°50'56"W 55. 16; S02°43'15 "W 48.89'; S02°33'25 "W 54.35'; S02°31 '07"W 51 .57; S02025'23 "W 56.41 '; S02° 19'43 "W 50.93'; S02°27'09"W 38.77; S02034' 15"W 44.03'; S03012'55 "W 52. 16'; S02°57' 10"W 49.78'; S02033154"W 51 .59'; S02057'20"W 63 .38'; S03010'04"W 52.97'; S02°59'07"W 52.35'; S02°31 '09"W 51 . 19; S03012' 19"W 54.91 '; S02013' 15 "W 33 . 15'; S02014'57"W 49.48'; S02°42'49"W 48.61 '; S02037' 18"W 50.94'; S02042'26"W 49.47; S02° 18' 12"W 48.56'; S02045' 16"W 52.85'; S02038'45 "W 52.94'; S02°54'55"W 41 .80'; S02°54'55"W 360.64'; THENCE LEAVING SAID CENTERLINE S87030'27"E 629.81 ' TO A CORNER POST, THENCE S03009'47W 7.60' TO A SET IRON PIN, THENCE S86050113"E 1088.84' ; THENCE S03°03'08"W 434.541 ; THENCE ALONG SAID RIGHT-OF-WAY S87°02' 59"E 209.22' TO THE POINT OF BEGINNING, CONTAINING 152.23 ACRES MORE OR LESS. SUBJECT TO EASEMENTS AND RIGHTS-OF-WAY OF RECORD. City of Fayetteville M77 Staff Review Form City Council Agenda Items wQ ll�Jrl n5 or pyt �- Contracts July 17AB6' S�1 City Council Meeting Date Sondra Smith City Clerk City Clerk Submitted By Division Department Action Required : An ordinance to establish Fayetteville Municipal Property Owners' Improvement District No. Wellspring . . This petition is being filed under the Arkansas Municipal Property Owners' Improvement District law. Arkansas Code Ann. Sec. 14-94-101 et seq. The petition is being filed by James N . McCord. on behalf of the Improvement District. NIA NIA N/A Cost of this request Category / Project Budget Program Category / Project Name NIA NIA N/A Account Number Funds Used to Date Program / Project Category Name NIA NIA NIA Project Number Remaining Balance Fund Name Budgeted Item N!A Budget Adjustment Attached NIA A� / AAL Previous Ordinance or Resolution # Dep rtment Director ��� 1i) / Dae Original Contract Date: r_ _ Original Contract Number: City A torney Date n �j/) / Received in 's Office 7//C45CD/ 1Su /O EN D Fingncd and Internal Service Directo D Received in Mayor's Office c7 � D � M yor ate Comments: JAMES N. McCORD AtwmFy at taw 11 N. WEST AVE. SUITE #202 FAYETTEVILLE, ARKANSAS 72701 TELEPHONE (479) 695-1134 FACSIMLE (479) 695-1135 iimmccordlaw &alltel.net July 11 , 2006 Sondra Smith VIA HAND DELIVERY Fayetteville City Clerk City Administration Building 113 W. Mountain Fayetteville, AR 727- 1 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. lb- Wellspring Dear Ms. Smith: On September 15, 2005, I filed in your office a Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 10- Wellspring, along with supporting documents. I am counsel to the petitioners. The petition and supporting documents were withdrawn by my letter to you dated September 23, 2005. On July 7, 20061 I filed a new Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 10- Wellspring and supporting documents. You have advised me that the number for the improvement district should now be " 16", instead of" 10". We have agreed that I will change, by hand notation, the number on the Petition and Abstracter's Certificate filed in your office. Thank you for your assistance. Sincerely, _ o es N. McCord pc: Brandon Barber Kit Williams, City Attorney RECEIVED JUL 11 2006 CITY OF FAYETTEVILL, CITY CLERK'S OFFIC[ JAMES N. McCORD Attorney at Lau, 11 N . WEST AVE. SUITE #202 FAYETTEVILLE, ARKANSAS 72701 TELEPHONE (479) 695-1134 FACSIMLE (479) 695-1135 L mccordlawCD.alltel. net July 7, 2006 Sondra Smith VIA HAND DELIVERY Fayetteville City Clerk City Administration Building 113 West Mountain Street Fayetteville, AR 72701 Re: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. *- Wellspring Dear Ms. Smith: Enclosed for filing in the office of the Fayetteville City Clerk are three executed counterparts of a Petition to Form Fayetteville Municipal Property Owners' Improvement District No. lb- Wellspring. Please file mark each Petition, retain one for the City's permanent file, 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. 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. RECEIVED JUL 0 7 2005 CITY OF FAYETrEVILLL CITY CLERICS OFFICE (2) If the governing body determines that all the owners of the real 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 named in the petition. ass (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 is a form the Mayor may use to give the City Council notice of the date and time of the hearing on the Petition. Also enclosed is an executed Abstracter's Certificate certifying that the improvement district petition is signed by the owners of the record title to all the real property described in the Petition. I have drafted and enclose an ordinance which would establish the 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 construct or purchase the improvements, the district levies an annual tax on each lot in the district to pay debt service on the bonds, the annual taxes are collected by the county tax collector and paid to the bond trustee, and the trustee makes debt service payments to the bondholders. The developer must comply with all city development ordinances. Wellspring subdivision is proposed for 152.23 acres located on the east side of Rupple Road north of Wedington Drive. Should there be any questions, please contact me. Sincerely, ames N. McCord pc: Kit Williams, City Attorney TO: Fayetteville City Council FROM: Mayor Dan Coody DATE: July _, 2006 RE: Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 1b — Wellspring Pursuant to Ark. Code Ann. Sec. 14-94-106(a)(2), I hereby set Tuesday, July, 18, 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of the Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 16 — Wellspring. Ark. Code Ann. Sec. 14-94-106(b)( 1 ) provides that, 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. Ark. code Ann. 814-94-106(b)(2)(A) provides that 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 layoff the district as defined in the petition and to appoint the commissioners named in the petition. cc: Kit Williams, City Attorney James N. McCord ORDINANCE NO. AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 — WELLSPRING WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 16 — Wellspring has been filed with the Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and WHEREAS, the Mayor has set July 18, 2006, at 6:00 p.m. as the date and time for a hearing before the Fayetteville City Council for consideration of said petition; and WHEREAS, the Fayetteville City Council has determined from the petition and an abstracter's certificate of property ownership that those signing the petition constitute all the owners of the real property to be located in the district; and WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at Ark. Code Ann. § 14-94- 106(b)(2) that if the governing body determines that all the owners of the record title to 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 named in the petition. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL 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. 16 — Wellspring for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities 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, or for more than one of those purposes. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: Brandon Barber, Seth Kaffka and Brandon Rains. Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 16 — Wellspring. Section 4: The district shall not cease to exist upon the acquiring, constructing or completion 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. PASSED and APPROVED this 15` day of August, 2006. APPROVED: By: DAN COODY, Mayor ATTEST: By: SONDRA SMITH, City Clerk Fayetteville Municipal Property Owners ' Improvement District No. 16 - Wellspring Exhibit A SURVEY DESCRIPTION: A PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 6, TOWNSHIP 16 NORTH, RANGE 30 WEST, AND A PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION I , TOWNSHIP 16 NORTH, RANGE 31 WEST, AND A PART OF THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 7, TOWNSHIP 16 NORTH, RANGE 30 WEST, AND A PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION 12, TOWNSHIP 16 NORTH, RANGE 31 WEST, ALL IN WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT: BEGINNING AT A POINT WHICH IS S87°42'05 "E 617.60' AND NO3003'08"E 102.59' FROM THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SAID SECTION 7 AND RUNNING THENCE S87003'27"E 93 .41 ' TO A SET IRON PIN, THENCE NO20401051PE 1716.06' TO A FOUND IRON PIN, THENCE NO2040'00"E 2143 .06' TO A FOUND IRON PIN, THENCE N8704614211W 715.35' TO A FOUND IRON PIN, LOCATED AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SAID SECTION 7, THENCE NO2027156"E 46.74' TO A FOUND IRON PIN, LOCATED AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 1 , THENCE N86058'50"W 751 .69' TO THE CENTERLINE OF RUPPLE ROAD, THENCE ALONG SAID CENTERLINE S20020'50"W 44.46; S14010'34"W 65. 18; S09° 16'42"W 44.03; S06°40'25 "W 54.50'; S05018'51 " W 54.60; SO4054'39" W 54.72'; SO4057' 12"W 59.85'; S07° 17'28"W 55.76; S13038'10"W 52.31 ; S23°24'21 "W 49.39; S32° 18'04"W 47.75; S36038' 10"W 37.75; S40°3I '2VW 59. 19; S44°51 '16"W 60.06; S46048'24"W 67.32; S44039'19"W 56.83; S39°09'37"W 55.03; S30055'13"W 66.99; S24°56'32"W 57.82'; S22°38'12"W 58.87; S22°23'40"W 54.61 % S22°23'30"W 58.25; S23°21 '56"W 55 .44; S27°27'36"W 58. 17; S31 °39' 13"W 58.36; S31 °28'21 "W 57.48; S21021 '38"W 54.39; S09°23'27"W 60.29'; SO2°47' 11 "W 51 .61 '; S0I °55'43"W 51 .38'; S02°08'4VW 57. 15'; S02026'03"W 49.97'; S02°30'26"W 51 .03'; S02°49'34"W 51 .91 % S02°57'05"W 54.52'; S02054'57W 52.46'; S02°50'56"W 55 . 16; S02°43' 15 "W 48.89; S02°33'25 "W 54.35; S02°31 '07"W 51 .57; S02°25'23 "W 56.41 '; S02° 19'43"W 50.93; S02027'09"W 38.77; S02°34' 15"W 44.03; S03012'55"W 52. 16; S02057'10"W 49.78; S02033'54"W 51 .59'; S02°57'20"W 63.38'; S03° 10'04"W 52.97; S02059'07"W 52.35'; S02°31 '09"W 51 . 19'; S03° 12'19"W 54.91 '; S02013'15"W 33. 15; S02014'57"W 49.48; S02°42'49"W 48.61 ; S02°37' 18"W 50.94; S02°42'26"W 49.47; S02°18' 12"W 48.56; S02°45' 16"W 52.85'; S02°38'45"W 52.94; S02°54'55"W 41 .80'; S02°54'55 "W 360.64; THENCE LEAVING SAID CENTERLINE S87030'27"E 629.81 ' TO A CORNER POST, THENCE S03009'47"W 7.60' TO A SET IRON PIN, THENCE S86°50' 13 "E 1088.84' ; THENCE S03003'08"W 434.54' ; THENCE ALONG SAID RIGHT-OF-WAY S87°02' 59"E 209.22' TO THE POINT OF BEGINNING, CONTAINING 152.23 ACRES MORE OR LESS. SUBJECT TO EASEMENTS AND RIGHTS-OF-WAY OF RECORD. i 3 j NOTICE YOUR SIGNATURE HEREON SHOWS THAT YOU i FAVOR THE ESTABLISHMENT OF AN IMPROVEMENT 'DISTRICT . IF THE DISTRICT IS 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' IMPROVETJ ENT DISTRICT NO. 11& WELLSPRING For their petition to foga Fayetteville Municipal Property Owners' Improvement District No. 10- Wellspring, the undersigned petitioners state: 1 . . Petitioners are theirecord title owners 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 Clerks 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. Petitioners desire that the real property described in Exhibit "A" attached ':. hereto and made a part hereo be established and laid off into a municipal property owners' improvement districtl pursuant to Ark. Code Ann. Sec. 14-94-101 et seq. for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drain4ge, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electric and RECEIVE_ ® JUL 07 2njs CRY OF FAYETTEMuA CRY CLERK'S OFFICE telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. 3. Petitioners desire that the district shall not cease to exist upon the acquiring, Constructing or completion ofthe 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. Petitioners name the following three individuals who own real property in the district to be appointed a9 commissioners of the district: Brandon Barber, Seth Kaffka and Brandon Rains. 5. Petitioners propose that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 1e- Wellspring. WHEREFORE, the undersigned Petitioners hereby petition 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. 1B- Wellspring for the purpose of i constructing, purchasing, accepting as a gift or maintaining facilities for waterworks fecreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electricity and telephone distribution systems, sanitarylsewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. DATED this J'C% day of June, 2006. CB Ventures, LLC An A�Jcans invited liabilit mpany By: Brandon Barber, authorized member Fayetteville Municipal Property Owners' Improvement District No. 16- Wellspring Exhibit -A A A PART OF THE SOUTHWEST Q TOWNSHIP 16 NORTH, RANGE: ] HE SOUTHEAST QUARTER OF PART OF THE WEST HALF OF T NORTH, RANGE 30 WEST, AND OF SECTION 12, TOWNSHIP 161 ARKANSAS, BEING MORE PAR' AT A POINT WHICH IS S87°42'0` CORNER OF THE SOUTHWEST 7y AND RUNNING THENCE S87°( TO A FOUND IRON PIN, THENC N87°46'42"W 715.35' TO A FOUN. SOUTHWEST QUARTER OF THI NO2°27'56"E 46.74' TO A FOUND SOUTHEAST QUARTER OF THE N86°58'50"W 751.69TO THE CET CENTERLINE S20°20'50"W 44.46 505°18'51"W 54.60', SO4°54'39"W S23°24'21"W 49.39', S32°18'04"W 60.06, S46°48'24"W 67.32', S44°39 $24°56'32"W 57.82', S22°38'12"W S27°27'36"W 58.17', S31°39'13"W 802°47'11"W 51.61', S01°55'43"W 51.03', S02°49'34"W 51.91', S02°57 S02°43'15"W 48.89', S02°33'25"W 50.93', S02°27'09"W 38.7T, S02°34 51.59', S02°5T20"W 63.38', 503°F S03°12'19"W 54.91', S02°13'15"W 50.94', S02°42'26"W 49.47', S02°18 S,02°54'55"W 41.80', S02°54'55"W 629.81' TO A CORNER POST, TH S86°50'13"E 1088.84', THENCE S( S87°02'59"E 209.22' TO THE POE I. ESS. SUBJECT TO EASEMENT; JARTER OF THE SOUTHWEST QUARTER OF SECTION 6, D WEST, AND A PART OF THE SOUTHEAST QUARTER OF SECTION 1, TOWNSHIP 16 NORTH, RANGE 31 WEST, AND A IF NORTHWEST QUARTER OF SECTION 7, TOWNSHIP 16 k PART OF THE EAST HALF OF THE NORTHEAST QUARTER ORTH, RANGE 31 WEST, ALL IN WASHINGTON COUNTY, ICULARLY DESCRIBED AS FOLLOWS, TO -WIT: BEGINNING 'E 617.60' AND NO3°03'08"E 102.59' FROM THE SOUTHWEST )UARTER OF THE NORTHWEST QUARTER OF SAID SECTION 3'27"E 93.41' TO A SET IRON PIN, THENCE NO2°40'05"E 1716.06' NO2°40'00"E 2143.06' TO A FOUND IRON PIN, THENCE IRON PIN, LOCATED AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF SAID SECTION 7, THENCE RON PIN, LOCATED AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 1, THENCE TERLINE OF RUPPLE ROAD, THENCE ALONG SAID S14°10'34"W 65.18', S09°16'42"W 44.03', S06°40'25"W 54.50', 4.72', SO4°57'12"W 59.85', S07°17'28"W 55.76', S13°38'10"W 52.31', 7.75', S36°38'10"W 37.75', S40°31'21"W 59.19', S44°51'16"W 19"W 56.83', S39°09'37"W 55.03', S30°55'13"W 66.99', 8.87', S22°23'40"W 54.61', S22°23'30"W 58.25', S23°21'56"W 55.44', 8.36', S31°28'21"W 57.48', S21°21'38"W 54.39', S09°23'27"W 60.29, 51.38', S02°08'41"W 57.15', S02°26'03"W 49.97', S02°30'26W )5"W 54.52', S02°54'57"W 52.46', S02°50'56"W 55.16', 4.35', S02°31'07"W 51.57', S02°25'23"W 56.41', S02°19'43"W 15"W 44.03', S03°12'55"W 52.16', S02°57'10"W 49.78', S02°33'54"W 04"W 52.97', S02°59'07"W 52.35', S02°31'09"W 51.19', 3.15', S02°14'57"W 49.48', S02°42'49"W 48.61', 802°37'18"W 12"W 48.56', S02°45'16"W 52.85', S02°38'45"W 52.94', 60.64', THENCE LEAVING SAID CENTERLINE S87°30'27"E ?NCE S03°09'47"W 7.60' TO A SET IRON PIN, THENCE 3°03'08"W 434,54', THENCE ALONG SAID RIGHT-OF-WAY IT OF BEGINNING, CONTAINING 152.23 ACRES MORE OR AND RIGHTS -OF -WAY OF RECORD. BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS I PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' MPROVEMENT DISTRICIfF NO. A. WELLSPRING ABSTRACTER'S CERTIFICATE OF PROPERTY OWNERSHIP Blue Star Title of 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 the following are the owners of the record title to all of the meal property described in Exhibit "Ato the Petition to Form Fayetteville t Municipal Property Ownels' Improvement District No. 16 — Wellspring, a copy of which Exhibit "A" is attach4d hereto and made a part hereof: CB Ventures, LLC, lBrandon Barber, Seth Kaffka and Brandon Rains DATED thisd'ay of Ul c _.1 , 2006. Blue Star Title of Arkansas, Inc. By: Nax \( . I bC nc n AUT REPRESENTATIVE RECEIVED JUL 0 i 2n Fayet6ville Municipal Property Owners' Improvement District No. 16- Wellspring Exhibit - A ART OF THE'SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 6, WNSHIP 16 NORTH, RANGE 3 I WEST, AND A PART OF THE SOUTHEAST QUARTER OF SOUTHEAST QUARTER OF ECTION 1, TOWNSHIP 16 NORTH, RANGE 31 WEST, AND A CF OF THE WEST HALF OF Tfl NORTHWEST QUARTER OF SECTION 7, TOWNSHIP 16 RTH, RANGE 30 WEST, AND ] PART OF THE EAST HALF OF THE NORTHEAST QUARTER SECTION 12, TOWNSHIP 16 I4ORTH, RANGE 31 WEST, ALL IN WASHINGTON COUNTY, KANSAS, BEING MORE PAR ICULARLY DESCRIBED AS FOLLOWS, TO -WIT: BEGINNING A POINT WHICH IS S87°42'05' 617.60' AND N03°03'08"E 102.59' FROM THE SOUTHWEST RNER OF THE SOUTHWEST IJARTER OF THE NORTHWEST QUARTER OF SAID SECTION ND RUNNING THENCE S87°013IiI27"E 93.41' TO A SET IRON PIN, THENCE N02°40'05"E 1716.06' A FOUND IRON PIN, THENCd 1V02°40'00"E 2143.06' TO A FOUND IRON PIN, THENCE T°46'42"W 715.35' TO A FOUND IRON PIN, LOCATED AT THE NORTHWEST CORNER OF THE JTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SAID SECTION 7, THENCE j°27'56"E 46.74' TO A FOUND 1RON PIN, LOCATED AT THE NORTHEAST CORNER OF THE JTHEAST QUARTER OF THE-JSOUTHEAST QUARTER OF SAID SECTION 1, THENCE °58'50W 751.69TO THE CEFIIERLINE OF RUPPLE ROAD, THENCE ALONG SAID VTERLINE S20°20'50"W 44.46'1 S14°10'34"W 65.18', S09°16'42"W 44.03', S06°40'25"W 54.50', °18'51"W 54.60', S04°54'39"W 4.72', S04°57'12"W 59.85', S07°17'28"W 55.76', S13°38'10"W 52.31', °24'21"W 49,39', S32°18'04"W 1.75', S36°38'10"W 37.75', S40°31'21"W 59.19', S44°51'16"W )G', S46°48'24"W 67.32', S44°39'11,9 "W 56.83', S39°09'37"W 55.03', S30°55'13"W 66.99', °56'321W 57.82', S22°38'12"W 58.87', S22°23'40"W 54.61', S22°23'30"W 58.25', S23°21'56"W 55.44', °27'36"W 58,17', S31°39'13"W 59.36, S31°28'21"W 57.48', S21°21'38"W 54.39', S09°23'27"W 60.29', °47'11"W 51.61', 501055431WM.38, S02°08'41"W 57.15', S02°26'03"W 49.97', S02°30'26"W )3', S02°49'34"W 51.91', S02°5705 "W 54.52', S02°54'57"W 52.46', S02°50'56"W 55.16', °43'15"W 4889', S02°33'25"W $4.35', S02°31'07"W 51.57', S02°25'23"W 56.41', S02°19'43"W )3', S02°27'09"W 38.77', S02°3415"W 44.03', S03°12'55"W 52.16', S02°57'10"W 49.78', S02°33'54"W i9', 502°57'20"w63 38� S03°I '64"W 52.97', S02°59'07"W 52.35', S02°31'09"W 51.19', °12'19"W 54.91', S02°1315"W 3.15', S02°14'57"W 49.48', S02°42'49"W 48.61', S02°37'18"W )4', 502°42'26"W.49 47', S02°18112"W 48.56', S02°45'16"W 52.85', S02°38'45"W 52.94', °54'55'W 41.80', S02°54'55"W d0.64', THENCE LEAVING SAID CENTERLINE S87°30'27"E .81' TO A CORNER POST, *CE S03°09'47"W 7.60' TO A SET IRON PIN, THENCE °50'13'E 1088.84', THENCE S r 03'08"W 434.54', THENCE ALONG SAID RIGHT-OF-WAY °02'59;'E 209.22' TO THE POINT OF BEGINNING, CONTAINING 152.23 ACRES MORE OR >S. SUBJECT TO EASEMENTS AND RIGHTS -OF -WAY OF RECORD. %a m NOTICE YOUR SIGNATURE HEREON SHOWS THAT YOU FAVOR THE ESTABLISHMENT OF AN IMPROVEMENT DISTRICT. IF THE DISTRICT IS FORMED, YOU MAY BE CHARGED FOR• THE COSTS OF THE IMPROVEMENTS. BEFORE THE CITY COUNCIL OF. FAYETTEVILLE, ARKANSAS PETITION TO FORM FAYETTEVIILE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16- WELLSPRING For their petition to form Fayetteville Municipal Property Owners' Improvement District No. 10- Wellspring, the undersigned petitioners state: 1. Petitioners are theirecord title owners 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. Petitioners desire that the real property described in Exhibit "A" attached hereto and made a part hereof be established and laid off into a municipal property owners' improvement district pursuant to Ark. Code Ann. Sec. 14-94-101 et seq. for the purpose of constructing, purchasing, accepting as• a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electric and RECEIVED JUL 0 7 20CS UUUYOFFAYEtTEVILLL ONCLERRIC$ OFFICE telephone distribution systems, sanitary sewers, streets and highways including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. 3. Petitioners desire that the district shall not cease to exist upon the acquiring, constructing or completion 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. Petitioners name the following three individuals who own real property in ,the district to be appointed as commissioners of the district: Brandon Barber, Seth Kaffka and Brandon Rains. 5. Petitioners propose that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 16- Wellspring. WHEREFORE, the undersigned Petitioners hereby petition 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. 1& Wellspring for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks recreation, drainage, gas pipelines, underground trenches and excavations necessary for the installation by public utilities or municipal utilities of electricity and telephone distribution systems, sanitarylsewers, streets including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or for more than one of those purposes. YA DATED this Se day of June, 2006. CB Ventures, LLC An nsas limited liabilit company By: Bran Barbe , thorized member Fayetteville Municipal Property Owners' Improvement District No. lb- Wellspring Exhibit -A A A PART OF THE SOUTHWEST Q TOWNSHIP 16 NORTH, RANGE THE SOUTHEAST QUARTER OF PART OF THE WEST HALF OF T NORTH, RANGE 30 WEST, AND OF SECTION 12, TOWNSHIP 16? ARKANSAS, BEING MORE PAR'. AT A POINT WHICH IS S87°42'0` 4ORNER OF THE SOUTH WEST 7 AND RUNNING THENCE S87°( TO A FOUND IRON PIN, THENC: 187°46'42"W 715.35' TO A FOUN] SOUTHWEST QUARTER OF THE N02°27'56"E 46.74' TO A FOUND SOUTHEAST QUARTER OF THE N86°58'50"W 751.69' TO THE CET CENTERLINE S20°20'50W 44.46' S05°18'51"W 54.60, 504°54'39"W 523°24'21"W 49.39', 532°18'04"W 60.06', 546°48'24"W 67.32', S44°39 S24°56'32"W 57.82', S22°38'12"W S27°27'36"W 58.17', S31°39'13"W S02°47'l1"W 51.61', Sol°55'43"W 5;1.03', 502°49'34"W 51.91', S02°57 S02°43'15"W 48.89'; 502°33'25"W 50.93', 502°27'09"W 38.77', S02°34 51.59', S02°5T20"W 63.38', S03°1[ S03°12'19"W 54.91', S02°13'15"W 50.94', 502°42'26°W49 47', S02°18 502°54'55"W 41.80', S02°54'55"W 529.81' TO A CORNER POST, TH S86°5013"E 1088.84', THENCE S( S87°02'59"E 209.22' TO THE POI] ISESS. SUBJECT TO EASEMENT! [ARTER OF THE SOUTHWEST QUARTER OF SECTION 6, WEST, AND A PART OF THE SOUTHEAST QUARTER OF ;ECTION 1, TOWNSHIP 16 NORTH, RANGE 31 WEST, AND A [E NORTHWEST QUARTER OF SECTION 7, TOWNSHIP 16 L PART OF THE EAST HALF OF THE NORTHEAST QUARTER DRTH, RANGE 31 WEST, ALL IN WASHINGTON COUNTY, [CULARLY DESCRIBED AS FOLLOWS, TO -WIT: BEGINNING E 617.60' AND N03°03'08"E 102.59' FROM THE SOUTHWEST UARTER OF THE NORTHWEST QUARTER OF SAID SECTION '27"E 93.41' TO A SET IRON PIN, THENCE N02°40'05"E 1716.06' N02°40'00' E 2143.06' TO A FOUND IRON PIN, THENCE IRON PIN, LOCATED AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF SAID SECTION 7, THENCE ION PIN, LOCATED AT THE NORTHEAST CORNER OF THE ;OUTHEAST QUARTER OF SAID SECTION 1, THENCE TERLINE OF RUPPLE ROAD, THENCE ALONG SAID S14°10'34"W 65.18', S09°16'42"W 44.03', S06°40'25"W 54.50', 4.72', S04°57'12"W 59.85', S07°17'28"W 55.76', S13°38'10"W 52.31', 7.75', S36°38'10"W 37.75', S40°31'21"W 59.19', S44°51'16"W 19"W 56.83', S39°09'37"W 55.03', S30°55'13"W 66.99', 8.87', S22°23'40"W 54.61', S22°23'30"W 58.25', S23°21'56"W 55.44', 8.36', S31°28'21"W 57.48', S21°21'38"W 54.39', S09°23'27"W 60.29', 1.38', S02°08'41"W 57.15', S02°26'03"W 49.97', S02°30'26"W )5"W 54.52', S02°54'57"W 52.46', S02°50'56"W 55.16', 1.35', S02°31'07"W 51.57', S02°25'23"W 56.41', 502°19'43"W ;5"W 44.03', S03°12'55"W 52.16', S02°5710W 49.78', S02°33'54"W 04"W 52.97', 502°59'07"W 52.35', S02°31'09"W 51.19', 3.15', S02°14'57"W 49.48', S02°42'49"W 48.61', S02°37'18"W 12"W 48.56', S02°45'16"W 52.85', S02°38'45"W 52.94', 50.64', THENCE LEAVING SAID CENTERLINE 587°30'27"E sNCE S03°09'47"W 7.60' TO A SET IRON PIN, THENCE i°03'08"W 434.54', THENCE ALONG SAID RIGHT-OF-WAY T OF BEGINNING, CONTAINING 152.23 ACRES MORE OR AND RIGHTS -OF -WAY OF RECORD. From: Clarice Pearman To: Housley, Judy Date: 7.10.06 5:30PM Subject: Wellsprings Imp. Dist. Judy, I have talked with Jim McCord regarding the improvement district numbers. The Wellsprings that he presented before was MPOID #10. When he withdraw the previous request it voided out No. 10 on our list. Our next improvement district number is No. 16. Jim will be by tomorrow to change the paperwork to MPOID #16. Please change the ordinance to No. 16 accordingly. Thanks. Clarice CC: jimmccordlaw@alltel.net; Williams, Kit From: Clarice Pearman To: Housley, Judy Date: 7.19.06 2:05PM Subject: Ord for Imp. Dist. No. 16 Judy please email the ordinance for Wellspring Imp. Dist. No. 16. Thanks. Clarice 4. r +0% From: Clarice Pearman To: Smith, Sondra Date: 7.21.06 3:30PM Subject: Ord. 4897 Sondra: Attached is a copy of the above ordinance passed by City Council, July 18, 2006 regarding Wellspring - MPOID No. 16. If anything else is needed please let me know. Thanks. Clarice CC: Audit FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 - WELLSPRING COMMISSIONER'S OATH OF OFFICE I, BRANDON BARBER, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 - WELLSPRING 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 -CE REAL PROPERTY IN THE DISTRICT. STATE OF ARKANSAS COUNTY OF WASHINGTON On this the o1 s f day of July, 2006, before me, the undersigned notary public, personally appeared Brandon Barber, known to me (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto set my hand and official seal. NOTARY P BLIC SEAL - ffL ry. RECEIVED JUL24 4 200 CITY OF FAYETTEVILLE art CLERWSOFFICE FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 -WELLSPRING COMMISSIONER'S OATH OF OFFICE I, BRANDON RAINS, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 - WELLSPRING 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 T BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REROPERTY IN THE DISTRICT. RAINS STATE OF ARKANSAS COUNTY OF WASHINGTON On this the 2/s; day of July, 2006, before me, the undersigned notary public, personally appeared Brandon Rains, known to me (or satisfactorily ' proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto set my hand and official seal. zt-6Afd!k)eta NOTARY PUBLIC f SEAL p , s FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 -WELLSPRING COMMISSIONER'S OATH OF OFFICE I, SETH KAFFKA, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 16 -WELLSPRING 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 THg/BOARD EXCEPT UPON THE APPROVAL OF ALL THE OWNERS OF REAL PROPERTY IN THE DISTRICT. KAFFKA STATE OF ARKANSAS COUNTY OF WASHINGTON On this the 's r day of July, 2006, before me, the undersigned notary public, personally appeared Seth Kaffka, known to me (or satisfactorily proven) to be the person whose name he subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto set my hand and official seal. NOTARY PUBLIC SEAL RECEIVED JUL 24 ZOOS 0Y vim. OPFJCE r NORTHWEST ARKANSAS EDITION • ' 11 Benton County Daily Record P. O. BOX 1607 FAYETTEVILLE, AR 72702 PHONE: 479-571-6415 AFFIDAVIT OF PUBLICATION I, Elizabeth Wax, do solemnly swear that I am Legal Clerk of the Arkansas Democrat Gazette newspaper. Printed and published in Benton County Arkansas, (Lowell) and that from my own personal knowledge and reference to the files of said publication, the advertisement of: Ordinance 4897 Was inserted in the Regular Editions: August 3, 2006 Publication Charge: $245.28 Subscribed and sworn to b fore me This5 day of '^ , 2006. Notary Public Sharlene D. Williams My Commission Expires: Notary Public State of Arkansas My Commission Expires October 18, 2014 RECEIVED AUG 0 .92063 CITY OF FAYETTEVILLE CITY CLERICS OFFICE 1 VPYINANG9 NO. 4981 FA ORDINANCE TONI ESTABLISH AND LAY OFFryevIMPRii OEMEN MUNICIPAL PROPERTY OWNNGIMPROVEMENT DISTRICT NO. 16-WELLSPRINGWHEREAS, a Petition to form Fayetteville5 Municipal Property Owners' Improvement District No. 16 - Wellspring has been filetl'with the P. Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and WHEREAS, the Mayor has set July 18,2006, at 6:W pm. as the date and time for a hearing before the Fayetteville City Council for consideration of said petition; and WHEREAS, the Fayetteville City Council has determined from the petition and an abstrecter5 cer- tificate of property ownership that those signing the petition constitute all ell the owners of the real prop- erty to be located in the district: and .. WHEREAS, the Arkansas Municipal Property Owners' Improvement District Law provides at Ark. Code Ann. § 14-94-106(b)(2) that if the governing body determines that all the owners of the recdrd title to the real property to be located in the district have petitioned for the Improvements, It shell then be Its duty by ordinance to establish and lay off the district as defined in the petition and to appoint the cNIRFssianers named in the petition. NOW, THEREFORE, BE IT ORDAINED BT THE CRY COUNCIL OF FAYETTEVILLE, ARKANSAS: in E,Riibil •Aattached hereto ••� =v ^rsl V, „A w,wae w umsnuang. purchasing, accepnng as a gin or malntalnmg facil- I (ties for waterworks. recreation. drainage, gas pipelines, underground trenches and excavations I necessary for the installation by public utilities or municipal utilities of electric and telephone distri- bution systems, sanitary sewers, streets and highways Including curbs and gutters, and sidewalks, together with facilities related to any of the foregoing, or to, more than one of those purposes. Section 2: The following three individuals are hereby appointed as commissioners of said improve- ment district: Brandon Barber, Seth Kafika and Brandon Rains. Section 3: The name of said improvement district Shan be Fayetteville Municipal Property Owners' loprovement District No. 16- Wellspring. Section 4: The district shall not cease to exist upon the acquiring, constructing or completion of the improvements, but it shall continue to exist for the purpose of preserving, maintaining, and operat. 1 mg the Improvements, replacing equipment, paying salaries to employees, and performing any other functions or services authorized In Ark, Code Mn., Title 14, Chapter 94. PASSED and APPROVED this 18th day of July, 2006. APPROVED: ATTEST: By: By: DAN COODY, Mayor SONDRA SMITH, City CI.A 16 • Fayeterille Municipal Pisierty Owners° Miprevement Dletriet No. 16 - Wellspring Exhibit A IPTION: 3OUTHWEST QUARTER OF THE SOUTHWEST QUARTER RANGE 30 WEST, AND A PART OF THE SOUTHEAST OU ESCRtBED AS FOLLOWS, TO -WIT: BEGINNING AT A POINT WI I' AND N03°03O8'E 102.59' FROM THE SOUTHWEST CORNER OF THE F THE NORTHWEST QUARTER OF SAID SECTION 7 AND RUNNING• TO A SET IRON PIN, THENCE N02°40'05 -E 1716.06' TO A FOUND IF YE 2143O6' TO A FOUND IRON PIN, THENCE N87°46'42W 715.3 LOCATED AT THE NORTHWEST CORNER OF THE SOUTHWEST.QUAI QUARTER OF SAID'SECTION 7. THENCE N02°27'56E 46.74' TO A 59.8.5'; 507°1728W S36°38'10W 37.75;: 56.83; S39°09'37W 522°23'40W 54.61^ 56.36'; S31°28'21W 501°55'43W 51.38'; 51.91 ; S02°57'05W S02°33'25W 54.35';; 38.77; 502°34'15W S02°57'20W 6338'; I 54.91; 502°13'lSW Ilpo �L AN L 54.50'; 505°18'51' W 54.60'; 504°64'39•, 3°38'10W 5231'; 523°24.21W 49.39; 59.19'; 544°51'16W 60.06; S46°4824' m°55'13'W 66.99'; S24°5632W 57.62'; 5825'; 523'21'56w 55.44'; S27°27'361 I°21'38W 54.39'; S09°23'2TW 6029'; 57.15'; S02°26'03W 49.97'; S02°30'261 )2°5457W 52.46'; 502°50'56W 55.16'; 51.57; 502°25'23W 56.41; 502°19'431 3°1755W 52.16': S02°57'10W 49.78; 52.97'; S02°59'WW 5235'; 502°31'091 )2°14'57W 49.48'; S02°42'40W 48.61'; 48.56'; 502°45'16W 52.85': 502°38'451 NCE LEAVING SAID CENTERUNE S87°i • QUARTER OF THE O THE CENTERLINE 514°10'34W 65.18'; 54.72'; S04°57'12W i32°18'04W 47.75'; 67.32; S44°3919W iJ; WC49J4-W 43'15W 48.89; 33; S02°27'09W I 33'541N 51.59'; 19`, S03°1719W '37',BW 4'55*W 34; G E 629.81' 1'- TO A 8' A RECEIVED i -13-E 1088.84E 2D9.2 TOA7TO MENTS TO EASEMENTS AUG 0 9 2006 �vx I CITY OF FAYETTEVILLE CITY CLERK'S OFFICE