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HomeMy WebLinkAboutOrdinance 5012 ORDINANCE NO. 5012 AN ORDINANCE . TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS ' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project 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 May 1 , 2007, 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 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. Sec. 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 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. 20- Quarry Trace Commons Subdivision Infrastructure Project 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. Page 2 Ord. 5012 Section 2 : The following three individuals are hereby appointed as commissioners of said improvement district: John Nock, Steve Aust and Ryan Thornton Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project. 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. 011111"11re,, ERWTRs,, PASSED and APPROVED this 15` day of May, 2007. ��TY Oc• Gp�: ; FAYETTEVILLE • APPROVED: ATTEST: -=9s 9RK `:Pc'J`�:� y AN p nuuuuu�� By: By: DAN COODY, Mayor SOND E. SMITH, City Clerk/Treasurer EXHIBIT "A" SURVEYED DESCRIPTION: A PART OF THE NORTHWEST QUARTER (NWI/4) OF SECTION TWENTY (20), TOWNSHIP SIXTEEN ( 16) NORTH, RANGE TWENTY-NINE (29) WEST, MORE PARTICULARLY DESCRIBED AS COMMENCING AT THE WEST QUARTER (W1 /4) OF SAID SECTION 20 AND CONTINUING THENCE S87°22"E 1312.96 TO THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER (SWI/4) OF THE NORTHWEST QUARTER (NW1 /4); SAID POINT BEING THE POINT OF BEGINNING; THENCE N87°22'31 "W 381 .99 FEET TO A POINT ON THE SOUTHERN BOUNDRY OF SAID (NW1 /4); THENCE LEAVING SAID BOUNDRY NO2°40'06"E 1791 .46 FEET TO A FOUND IRON PIN; THENCE N62°08 ' 56"E 246. 16 FEET TO A FOUND IRON PIN; THENCE N53032' 58"E 213 . 11 FEET TO A FOUND IRON PIN ON THE EAST BOUNDARY OF THE (NW 1 /4) OF THE (NW1/4) OF SAID SECTION 20; THENCE S02°32 '245'W 664.64 FEET TO A POINT ON THE WEST BOUNDARY OF THE (NEI /4) OF THE (NWI /4); THENCE S87° 16' 57"E 448.50 FEET TO A FOUND IRON PIN; THENCE S02°41 '09"W 1385 .27 FEET TO THE SOUTH BOUNDARY OF THE NORTHWEST (NW 1 /4) OF SAID SECTION 20; THENCE N87°22 ' 31 "W 444.97 FEET TO THE POINT OF BEGINNING, CONTAINING 30.872 ACRES, MORE OR LESS, FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS. LESS & EXCEPT: THE AREA WITHIN THE HIGHWAY RIGHT OF WAY FOR ARKANSAS 16 HIGHWAY ALONG THE SOUTHERN BOUNDARY OF THE AFORE SAID TRACT OF LAND, CONTAINING 0.985 ACRES, MORE OR LESS. AREA LESS ARKANSAS HIGHWAY TRANSPORTATION DEPARTMENT RIGHT OF WAY CONTAINING, 29.887 ACRES, MORE OR LESS. ® ` sl r/ort VVY ev -TMAVJWA 20 To I �/cj 113 West Mount n ��� Fayetteville, AR 72701 AY K 2 4 2UU Telephone: (479) 575-8323 Fax: (479) 718-7695 CrrgOR'S OFFICE city—derk@ci.fayetteville.ar.us City Clerk/Treasurer Division April 24, 2007 Honorable Dan Coody, Mayor City Administration Building 1 ] 3 W. Mountain Fayetteville, AR 72701 RE: Petition to form Fayetteville Municipal Property Owners' Improvement District No. 20 Quarry Trace Commons Subdivision Infrastructure Project Dear Mayor: Pursuant to Arkansas Code Ann. Sec. 14-94-105 (e)(3), you are hereby notified that the enclosed Petition to form Fayetteville Municipal Property Owners' Improvement District No. 20 — Quarry Trace Commons Subdivision Infrastructure Project has been filed in the office of the Fayetteville City Clerk. Pursuant to Ark. Code Ann. Sec. 14-94- 106 (a)( 1 ), I hereby present you with the Petition. Sincerely, Sondra E. Smith City Clerk/Treasurer cc: Kit Williams, City Attorney James N. McCord JAMES N. McCORD RECPeVE® 14ttomeyatLaw APR 2 4. 2007 2446 ST. JAMES PLACE FAYETTEVILLE, ARKANSAS 72701 CITY OFFAYE MVIILE CnYCLER=OFFICE TELEPHONE (479) 695-1134 FACSIMILE (479) 521-6733 ii mmccordlaw2Malltel. net April 23, 2007 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. JA' Quarry Trace Commons Subdivision Infrastructure Project 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. 20- Quarry Trace Commons Subdivision Infrastructure Project. Please file mark each Petition, retain one for the City' s permanent file and for presentation to the Mayor, and return the other counterparts 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. 0 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. ft (2) 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 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 filing in the office of the City Clerk, is an executed Title Company Certificate certifying that the improvement district petition is signed by the owner 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 developer must comply with all city development ordinances. The completed infrastructure improvements are dedicated to the city. 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. Quarry Trace Commons will have 114 lots on 29.887 acres located on Huntsville Road. Should there be any questions, please contact me. Sincerely, aures N. McCord pc: Hon. Dan Coody, Mayor Kit Williams, City Attorney ORDINANCE NO, AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS ' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project 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 May 1 , 2007, 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 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. Sec. 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 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. 20- Quarry Trace Commons Subdivision Infrastructure Project for the purpose of constructing, purchasing, accepting as a gift or maintaining facilities for waterworks, recreation, drainage, gas pipelines, underground trenches and excavations necessary Lfor 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. 1 , i Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: , John Nock, Steve Aust and Ryan Thornton Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project. 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 I " day of May, 2007. APPROVED: ATTEST: By: By: DAN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasurer 2 BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20m QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT TITLE COMPANY CERTIFICATE OF PROPERTY OWNERSHIP Lenders Title Company 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 is the owner of the record title to all of the real property described in Exhibit "A" to the Petition to Form Fayetteville Municipal Property Owners' Improvement District No. 20 — Quarry Trace Commons Subdivision Infrastructure Project, a copy of which Exhibit "A" is attached hereto and made a part hereof: Nock Investments, LLC DATED this 23rd day of April , 2007. LENDERS TITLE COMPANY By:�ii AUTHORIZED REPRESENTATIVE mcvVED APR 2 4 2007 CITY OF FAYETTEVILLL CITY CLERKS OFFICE 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 FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project, the undersigned petitioner 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 established and laid off into a municipal property owners' improvement district pursuant to Ark. Code Ann. Sec. 14-94-101 at seq. for the purpose of constructing, purchasing, accepting as a gift RECEIVED APR 2 2007 CITY OF FAYETTEVILLE CITY CLERKS OFFICE 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. 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, pursuant to Ark. Code Ann. 14-94-105(a)(2)(B), as designated representatives of Petitioner to be appointed as commissioners of the district: John Nock, Steve Aust and Ryan Thornton. 5. Petitioners propose that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project. WHEREFORE, the undersigned Petitioner hereby 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. 20- Quarry Trace Commons Subdivision Infrastructure Project 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, sanitary sewers, 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 23rd day of April, 2007. NockIn s me ts, C An A ns s it is ilit company By: Joh ck, Mana ing Member EXHIBIT "A" SURVEYED DESCRIPTION: A PART OF THE NORTHEWEST QUARTER (NW1/4) OF SECTION TWENTY (20), TOWNSHIP SIXTEEN (16) NORTH, RANGE TWENTY --NINE (29) WEST, MORE PARTICULARLY DESCRIBED AS COMMENCING AT THE WEST QUARTER (W1/4) OF SAID SECTION 20 AND CONTINUING THENCE S87°22"E 1312.96 TO THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER (SW1/4) OF THE NORTHWEST QUARTER (NW1/4); SAID POINT BEING THE POINT OF BEGINNING; THENCE N87°22'31 "W 381.99 FEET TO A POINT ON THE SOUTHERN BOUNDRY OF SAID (NW1/4); THENCE LEAVING SAID BOUNDRY NO2°40'06"E 1791.46 FEET TO A FOUND IRON PIN; THENCE N62°08'56"E 246.16 FEET TO A FOUND IRON PIN; THENCE N53°32'58"E 213.11 FEET TO A FOUND IRON PIN ON THE EAST BOUNDARY OF THE (NW1/4) OF THE (NW1/4) OF SAID SECTION 20; THENCE S02 °32'24"W 664.64 FEET TO A POINT ON THE WEST BOUNDARY OF THE (NE1/4) OF THE (NW1/4); THENCE S87°16'57"E 448.50 FEET TO A FOUND IRON PIN; THENCE S02°41'09'W 1385.27 FEET TO THE SOUTH BOUNDARY OF THE NORTHWEST (NW1/4) OF SAID SECTION 20; THENCE N87°22'31' W 444.97 FEET TO THE POINT OF BEGINNING, CONTAINING 30.872 ACRES, MORE OR LESS, FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS. LESS & EXCEPT.: THE AREA WITHIN THE HIGHWAY RIGHT OF WAY FOR ARKANSAS 16 HIGHWAY ALONG THE SOUTHERN BOUNDARY OF THE AFORE SAID TRACT OF LAND, CONTAINING 0.985 ACRES, MORE OR LESS. AREA LESS ARKANSAS HIGHWAY TRANSPORTATION DEPARTMENT RIGHT OF WAY CONTAINING, 29.887 ACRES, MORE OR LESS. RECEIVED MAY 0 8 2007 CITY OF FAYETTEVIL,LE FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT CITYCLERKSOFFII DISTRICT NO. 20 - QUARRY TRACE COMMSONS SUBDIVISION INFRASTRUCTURE PROJECT COMMISSIONER'S OATH OF OFFICE I, JOHN NOCK, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT 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 ORANpIRECTLY, IN ANY CONTRACT LET BY THE BOARD EaEPTT U HEE APPROVAL OF ALL THE OWNERS OF REAL PROPER NI , , `E ISTkIC STATE OF ARKANSAS COUNTY OF WASHINGTON On this the day of May, 2007, before me, the undersigned notary public, personally appeared John Nock, 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 hereunt set my hand and official seal. O ARY PU IC SEAL OFFICIAL SEAL JENNIFER D. ELLISON NOTARY PUBLIC- ARKANSAS WASHINGTON COUNTY MY COMMISSION EXPIRES: 06-29-10 RECEIVED MAY 0 8 2007 CITY OF FAYETTEVILLE TT FAYEEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMEN1WITMCLERKSOFFIcr DISTRICT NO. 20 - QUARRY TRACE COMMSONS SUBDIVISION INFRASTRUCTURE PROJECT COMMISSIONER'S OATH OF OFFICE I, STEVE AUST, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT 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. T VE AUST STATE OF ARKANSAS COUNTY OF WASHINGTON On this the_l day of May, 2007, before me, the undersigned notary public, personally appeared Steve Aust, 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 et my hand pnd official seal. N Y PUBL SEAL OFFICIAL SEAL JENNIFER D. ELLISON NOTARY PUBLIC -ARKANSAS WASHINGTON COUNTY MY COMMISSION EXPIRES: 06-28-10 RECEIVED MAY 08 2007 CITY CF FAYETTEVILLE FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENTCITYCLERKS0FFiCE DISTRICT NO. 20 - QUARRY TRACE COMMSONS SUBDIVISION INFRASTRUCTURE PROJECT COMMISSIONER'S OATH OF OFFICE I, RYAN THORNTON, A COMMISSIONER OF FAYETTTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT 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 PROPERWIN-THE DISTRICT. NTON STATE OF ARKANSAS COUNTY OF WASHINGTON On this the 14 day of May, 2007, before me, the undersigned notary public, personally appeared Ryan Thornton, 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 hereunt? set my hand and o Ficial seal. OFFICIAL SEAL J�IFER D. ELLISON N UBLIC-ARKANSAS WASHINGTON COUNTY MY COMMISSION EXPIRES'. 06-29-10 (5/712007) Lisa Branson - Ord 5O12 Page 1 From: Lisa Branson To: McCord, Jim Date: 5/7/2007 11:51 AM Subject: Ord 5012 Attachments: Ord 5012 Imp Dist No. 20 Quarry Trace Commons.pdf CC: Audit; Smith, Sondra Jim, Attached is a copy of Ordinance 5012 that was passed by City Council May 1, 2007. If anything else is needed just let me know. Have a great day! Lisa Lisa Branson City of Fayetteville City Clerk's Division 113 W Mountain Fayetteville, AR 72701 (479) 575-8323 lbranson@ci.fayetteville.ar.us YI NORTHWEST ARKANSAS EDITION'. • a A Benton County Daily Record P.O. BOX 1607 FAYETTEVILLE, AR 72702 PHONE: 479-571-6421 AFFIDAVIT OF PUBLICATION I, Erin Emis, 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 ed in l 5 12 Editions: inserted in the Regular Editions: May 14, 2007 Publication Charge: $142.43 Subscribed and sworn to before me This 10"ay of ntJ n y , 2007. Notary Public My Commission Expires: o? -as' aOl� 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 RECSZVED MAY 16 2007 CITY CLERK'S 0FFIE • ORDINANCE NO. 5012 AN ORDINANCE TO ESTABLISH AND -LAY OFF Tavyere;l�e AN ORDINAN MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT ARKANSAS'S[ WHEREAS, a Petition to form Fayetteville a Municipal Property OwnersImprovement District No, 20- Quarry Trace Cantons Subdivialoo Infrastructure Project has been filed with the Fayetteville City Clerk; and WHEREAS, the City Clerk has presented said petition to the Mayor; and ,T WHEREAS, the Mayor has set May 1. 2007, at 6:00 p.m., as the date and time tor a hearing before the Fayetteville City Council for consideration of said petition; and WHEREAS, the Fayetteville City Council has determined cram an abstracter's certificate of proper- ty ownership that those signing the petition constitute all the owners of the real property to be loyal - ad In the district: and F f A WHEREAS, the Arkansas Municipal Property Owners' Improvement District Low provides at Ark. Code Mn, Sec. 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 fa 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 petillon. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: . 1', Section 1: That the real property described in Exhibit A- attached hereto and made a part hereof is hereby established and laid an as Fayetteville Municipal Property Owners' Improvement District No. 20- Quarry Trace Commons Subdivision Infrastructure Project 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 uulitlesor municipal utilities of electric and telephone distribution systems, sanitary sewers, streets and-Mpgh- ways including curbs and gutters, and sidewalks, together with facllltie9 related to any of the/ore- going, or for more than one of those purposes. `1_• Section 2: The following three individuals are hereby appointed as cantssloners of said impr�ye- ment district: John Nock, Steve Aust and Ryan Thornton Sector 3: The name of said improvement district shall be Fayetteville Municipal Property Owners' Impmvenrent District No, 20- Quarry Trace Commons Subdivision Infrastructure Project. Section 4: The district shag 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- ing the improvements, replacing equipment, paying salaries to employees, and performing any other functions or services aulhalzod in Ark. Code Mn.. Title 14, Chapter 94. r PASSED and APPROVED this 1st day of May. 2007. h APPROVED: • - ATTEST: AN COODY, Mayor SONDRA IL SMITH, City CMit/haannw ' EXHIBIT'A' ,r SURVEYED DESCRIPTION: A PART OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION TWENTY (20), TOWNSHIP SIXTEEN (16) NORTH. RANGE TWENTY-NINE (29) WEST, MORE PARTICULARLY DESCRIBED AS COM- SAID POINT BEING THE POINT TO A FOUND IRON PIN: THENCE NS3'32'56'E EAST BOUNDARY OF THE (NW 1/4) OF THE (NW16 FEET TO A FOUND IRON PIN; 502'410987 1385.27 FEET TO THE SECTION 20; THENCE N872231"W 30.872 ACRES, MORE OR LESS, FA) ALONG THE SOUTHERN BOUNDARY OF THE AFORE SAID TRACT OF LAND, CONTAIP ACRES, MORE OR LESS. AREA LESS ARKANSAS HIGHWAY TRANSPORTATION DEPARTMENT RIGHT OF WAY ING. 29.687 ACRES, MORE OR LESS. RECEIVE® MAY 16 2007 CITY OF FAYETTEVILLE CITY CLERIKS OFFICE 47( / FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20 - QUARRY TRACE COMMONS SUBDVSION INFRASTRUCTURE PROJECT ASSESSOR'S OATH I, Lynn Gregson, Assessor for Fayetteville Municipal Property Owners' Improvement District No. 20 — Quarry Trace Commons Subdivision Infrastructure Project hereby swear that I will well and truly assess all benefits that will accrue to the landowners of the District by reason of the improvements. State of Arkansas ((�� ✓LM )ss. County of 1�J shlnptnL ) On the 7 day of July, 2007, before me, the undersigned notary public personally appeared Lynn Gregson, 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. Not Public JACKIE D. SEAL :EX Y COMMISSION M 12Ng5aPIRES: February 16, 2017 BeL4c County RECEIVED JUL12 2 2007 CITY OF FAYETTEVILLI —J „'— CITYCLERK'R OF='C'.' J RECEIVED NOV 202007 CITY OF FAYETTEVILLE CITY CLERKS OFFICE FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20- QUARRY TRACE COMMONS SUBDIVISION INFRASTRUCTURE PROJECT ASSESSMENT OF BENEFITS (Phase 1) Prepared by: Lynn Gregson, District Assessor FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20 — QUARRY TRACE COMMONS Phase I 61 LoVUmI , Designation Assessed Value °f Lands Pnor to Im rovement i P Assessed Value of s Lands After r Im ovement ? ,�..., ", ., Assessed Benefits - Assessed Damages : 9 Estimated Cost .. Associated with Infrastructure :. Annual - Collections Owner of Record 1 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 2 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 3 $ 4.000 $ 39,900 $ 35.900 $ - $ 28,787 Nock Investments, LLC 4 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 5 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 6 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 7 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 8 $ 4,000 $ 39,900 $ 35,900 $ - $ 28,787 Nock Investments, LLC 9 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 10 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 11 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 12 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 13 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 14 $ 3,136 $ 39.900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 15 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 16 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 17 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 18 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 19 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 20 $ 3,136 $ 39,900 $ 36,764 $ - $ 29,480 Nock Investments, LLC 21 $ 5,455 $ 39,900 $ 34,445 $ - $ 27,621 Nock Investments, LLC 22 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 23 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 24 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 25 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 26 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 27 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 28 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 29 $ 4,455 $ 39,900 $ 35.445 $ - $ 28,423 Nock Investments, LLC 30 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 31 $ 4,455 $ 39.900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 32 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 33 $ 3,500 $ 39,900 $ 36,400 $ - $ 29,188 Nock Investments, LLC 34 $ 3,500 $ 39,900 $ 36,400 $ - $ 29,188 Nock Investments, LLC 35 $ 3,500 $ 39,900 $ 36,400 $ - $ 29,188 Nook Investments, LLC 36 $ 3,500 $ 39,900 $ 36,400 $ - $ 29,188 Nock Investments, LLC 37 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 38 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 39 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 40 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 41 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 42 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 43 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 44 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 45 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 46 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 47 $ 4,455 $ 39,900 $ 35,445 $ - $ 28,423 Nock Investments, LLC 48 $ 5,455 $ 39,900 $ 34,445 $ - $ 27,621 Nock Investments, LLC 49 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 50 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 51 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 52 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 53 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 54 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 55 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 56 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 57 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 58 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 59 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 60 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 61 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 62 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 63 $ 4,773 $ 39,900 $ 35,127 $ - $ 28,167 Nock Investments, LLC 64 $ 4,773 $ 39,900 $ 35,127 $ $ 28,167 Nock Investments, LLC 65 $ 5,682 $ 42.900 $ 37,218 $ - $ 29,844 Nock Investments, LLC 66 $ 5,682 $ 42,900 $ 37,218 $ - $ 29,844 Nock Investments, LLC Ti $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T2 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC 1 of 2 FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 20 - QUARRY TRACE COMMONS Phase I �Lot/Unit Designation Assessed Value of Lends Prior to — Improvement . Assessed Value o ? Lands After i t�lmprovement ° - : ° Assessed Benefits . Assessed > Damages '- " Estimated Cost. Associated with Infrastructure' Annual Collections Owner of Record T3 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T4 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Neck Investments, LLC T5 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T6 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T7 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T8 $ 1,500 $ 34,000 $ 32.500 $ - $ 26,061 Nock Investments, LLC T9 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T10 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T11 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T12 $ 1,500 $ 34.000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T13 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T14 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T15 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T16 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T17 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T18 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T19 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T20 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T21 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T22 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T23 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T24 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T25 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T26 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T27 $ 1,500 $ 34,000 $ 32,500 $ - $ 26,061 Nock Investments, LLC T28 $ 1,500 $ 35,000 $ 33,500 $ - $ 26,863 Nock Investments, LLC T29 $ 1,500 $ 35,000 $ 33,500 $ - $ 26,863 Nock Investments, LLC T30 $ 1,500 $ 35,000 $ 33,500 $ - $ 26,863 Nock Investments, LLC T31 $ 1,500 $ 35,000 $ 33,500 $ - $ 26,863 Nock Investments, LLC T32 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments, LLC T33 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments, LLC T34 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments. LLC T35 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments, LLC T36 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments, LLC T37 $ 1,500 $ 36,000 $ 34,500 $ - $ 27,664 Nock Investments, LLC PH -1 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -2 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -3 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -4 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -5 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -6 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -7 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -8 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -9 $ 2,386 $ 33,000 $ 30.614 $ - $ 24,548 Nock Investments, LLC PH -10 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -11 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -12 $ 2,386 $ 33,000 $ 30.614 $ - $ 24,548 Nock Investments, LLC PH -13 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PFI-14 $ 2,386 $ 33,000 $ 30,614 $ - $ 24,548 Nock Investments, LLC PH -15 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -16 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -17 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -18 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -19 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -20 $ 4,091 $ 33,000 $ 28,909 $ - $ 23,181 Nock Investments, LLC PH -21 $ 4,091 $ 33,000 $ 28.909 $ - $ 23,181 Nock Investments, LLC PH -22 $ 1.500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -23 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -24 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -25 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -26 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -27 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -28 $ 1,500 $ 34,500 $ 33,000 $ - $ 26,462 Nock Investments, LLC PH -29 $ 1,500 $ 34.500 $ 33,000 $ - $ 26,462 Nock Investments. LLC Total Assessed Benefits: $ 4,472,582 Total Cost $ 3,586,423 $ - 2 oft City Council Agendas Final Agenda Tentative Agenda Final Agenda with Results City Attorney Ordinance and Resolution Memo Roll Call Sheets Items Added to the City Council Agenda at the Council Meeting Additional Information Handed Out at the City Council Meeting Signed City Council Minutes that were Approved at the City Council Meeting Tentative Agenda that was Changed at Agenda Session Tentative Agenda that was Changed at the Pre -Agenda Meeting Emails or Other Miscellaneous Information Copy of the Newspaper Publication Affidavit of Publication