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HomeMy WebLinkAboutOrdinance 5135 ORDINANCE NO. 5135 AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 28 — LEGACY HEIGHTS, PHASES 2 AND 3 SUBDIVISION INFRASTRUCTURE PROJECT WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 28 — Legacy Heights, Phases 2 and 3 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 6, 2008, 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 a title company 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. 28- Legacy Heights, Phases 2 and 3 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. Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: Charles W. Sloan, Cynthia E. Sloan and J.B Hays. 1 Page 2 Ord. No. 5135 Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 28- Legacy Heights, Phases 2 and 3 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 purposes authorized in Ark. Code Ann., Title 14, Chapter 94. ,rrmnrrnrrr �r�LRIVTR�s.,, ' V,=biY pc .Gp� PASSED and APPROVED this 6th day of May, 2008. ' FAYETTEVILLE • :� •. �, 'tip APPROVED: ATTEST: =;9s'�RKANSP'Jam; eavesGp By: By: OvLc� c✓ lT� DAN COODY, Mayor SON DRA E. SMITH City Clerk/Treasurer 2 EXHIBIT "A" LEGACY HEIGHTS LEGAL DESCRIPTION: Part of the NEIA of the NWI /4 and part of the NWl /4 of the NWIA of Section 14, and part of the SWI /4 of the SWIA and part of the SEIA of the SWIM of Section 11 , all in T16N, R31 W in Washington County, Arkansas and being described as follows: Beginning at the NE Comer of said NE1 /4, NW 1 /4 thence S89°52'31 "W 165 .22 feet to the P.O.B., thence S00°05'32"W 263.08 feet, thence S89°53 '33 "W 45 . 86 feet, thence S00° 10'03 "W 302.64 feet, thence S89°39'28"W 50.24 feet, thence S00°01 '38 "W 168.94 feet, thence S89°50'01 "E 213 .56 feet, thence S00008'29"W 168 .96 feet, thence N89°50'20"W 779. 11 feet, thence S00°03'23 "W 151 . 11 feet, thence S89°52'32"W 824.49 feet, thence N00° 11 '00"E 1052.93 feet, thence N00°08'08"W 819.44 feet, thence N89°47'11 "E 333 . 79 feet, thence S00°56' 19"E 47.92 feet, thence S89°42'41 "E 329.86 feet, thence S00°08' 12"E 770.53 feet, thence N89°52'31 "E 820.40 feet to the P.O.B. ; Containing 45 .51 acres more or less subject to easements and Right of Way of record. 3 r I S//D$ City of Fayetteville ja � ,�q .� Staff Review Form l�ux�tu 513 City Council Agenda Item or Contracts May 6, 2008 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. 28 - Legacy Heights, Phases 2 and 3 Subdivision Infrastructure Project. 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. N/A N/A N/A Cost of this request Category / Project Budget Program Category / Project Name N/A N/A N/A Account Number Funds Used to Date Program / Project Category Name N/A N/A N/A Project Number Remaining Balance Fund Name Budgeted Item NIA Budget Adjustment Attached NIA Previous Ordinance or Resolution # &A3 - -24 (floe Department Director Date Original Contract Date: Original Contract Number: LOW OF Ci ttorney Date Received in City Clerk's Office =; Q y • 7,f - 68 ��UD $ Finance and Internal Service Director Date Received in Mayor's Office Mayor Date Comments: ti ® 113 West Mountain Fayetteville, 72701 Telephone: (479) 57 5-8323 ARKANSAS Fax: (479) 718-7695 city—clerk@ci.fayetteville.ar.us City Clerk/Treasurer Division RECEIVED APR 2 4 2008 April 24, 2008 CITY OF FAYE17EVILLE MAYOR'S OFFICE Honorable Dan Coody, Mayor City Administration Building 113 W. Mountain Fayetteville, AR 72701 RE: Petition to form Fayetteville Municipal Property Owners' Improvement District No. 28 Legacy Heights, Phases 2 and 3 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. 25 — Legacy Heights, Phases 2 and 3 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. beera E. Smith City Clerk/Treasurer cc: Kit Williams, City Attorney James N. McCord ORDINANCE NO, AN ORDINANCE TO ESTABLISH AND LAY OFF FAYETTEVILLE MUNICIPAL PROPERTY OWNERS ' IMPROVEMENT DISTRICT NO. 28 — LEGACY HEIGHTS, PHASES 2 AND 3 SUBDIVISION INFRASTRUCTURE PROJECT WHEREAS, a Petition to form Fayetteville Municipal Property Owners' Improvement District No. 28 — Legacy Heights, Phases 2 and 3 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 6, 2008, 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 a title company 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. 28- Legacy Heights, Phases 2 and 3 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. 1 Section 2: The following three individuals are hereby appointed as commissioners of said improvement district: Charles W. Sloan, Cynthia E. Sloan and J.B Hays. Section 3 : The name of said improvement district shall be Fayetteville Municipal Property Owners' Improvement District No. 28- Legacy Heights, Phases 2 and 3 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 purposes authorized in Ark. Code Ann., Title 14, Chapter 94. PASSED and APPROVED this 6th day of May, 2008 . APPROVED: ATTEST: By: By: DAN COODY, Mayor SONDRA E, SMITH City Clerk/Treasurer 2 EXHIBIT "A" LEGACY HEIGHTS LEGAL DESCRIPTION: Part of the NEI /4 of the NW 1 /4 and part of the NW 1 /4 of the NW 1 /4 of Section 14, and part of the SWI /4 of the SWI /4 and part of the SEI /4 of the SWI /4 of Section 11 , all in T16N, R31 W in Washington County, Arkansas and being described as follows: Beginning at the NE Corner of said NE1A, NW 1/4 thence S89°52'31 "W 165.22 feet to the P.O.B., thence S00005'32"W 263 .08 feet, thence S89°53'33 "W 45.86 feet, thence S00010'03 "W 302.64 feet, thence S89039'28"W 50.24 feet, thence S00°01 '38 "W 168.94 feet, thence S89050'01 "E 213 .56 feet, thence S00008'29"W 168.96 feet, thence N89°50'20"W 779. 11 feet, thence SOO°03 '23 "W 151 . 11 feet, thence S89°52'32"W 824.49 feet, thence N00011 '00"E 1052.93 feet, thence N00008'08"W 819.44 feet, thence N89047111 "E 333 . 79 feet, thence S00056' 19"E 47.92 feet, thence S89°42'41 "E 329.86 feet, thence S00008' 12"E 770.53 feet, thence N89052'31 "E 820.40 feet to the P.O.B.; Containing 45 .51 acres more or less subject to easements and Right of Way of record. 3 RECEIVED JAMES N. McCORD ' APR 2 4 2008 Attorney at Law I CITY OF FAYETTEVILLE 217 E. DICKSON STREET CITY CLERK'S OFFICE SUITE #102 . FAYETTEVILLE, ARKANSAS 72701 TELEPHONE (479) 695-1134 FACSIMLE (479) 442-1490 limmccordlawCa)alltel. net April 24, 2008 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. 28- Legacy Heights, Phases 2 and 3 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. 28- Legacy Heights, Phases 2 and 3 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. 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. Y f i (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. Also enclosed for filing in the office of the City Clerk is an executed Title Company Certificate of Property Ownership 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. The tax can be prepaid in a lump sum at any time. Should there be any questions, please contact me. Sincerely, p es N. McCord pc: Kit Williams, City Attorney Charles Sloan RECEIVED APR24 NOTICE CITY OF FAYETTEVI7EVI LLE CITY CLERK'S OFFICE 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. 28- LEGACY HEIGHTS, PHASES 2 AND 3 SUBDIVISION INFRASTRUCTURE PROJECT For its petition to form Fayetteville Municipal Property Owners' Improvement District No. 28- Legacy Heights, Phases 2 and 3 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 et seq. for the purpose of constructing, purchasing , accepting as a gift s 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. Petitioner desires 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 purposes authorized in Ark. Code Ann. , Title 14, Chapter 94. 4. Petitioner names the following three individuals, pursuant to Ark. Code Ann. 14-94-1 05(a)(2)(B), as designated representatives of Petitioner to be appointed as commissioners of the district: Charles W. Sloan , J . B. Hays and Cynthia E. Sloan . 5. Petitioner proposes that the name of the district be Fayetteville Municipal Property Owners' Improvement District No. 28- Legacy Heights, Phases 2 and 3 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. 28- Legacy Heights, Phases 2 and 3 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 • .z^ 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 21st day of April, 2008. Sloan Properties, Inc. By: C e W. Sloan, Pr dent EXHIBIT "A" LEGACY HEIGHTS LEGAL DESCRIPTION: Part of the NE1 /4 of the NWI/4 I /4 and part of the N W I/4 of the NW1/4 /4 of Section 14, and part of the SWIM of the SW1/4 /4 and part of the SEI/4 of the S W 1 /4 of Section 11, all in T16N, R3I W in Washington County, Arkansas and being described as follows: Beginning at the NE Corner of said NE1/4, NW 1/4 thence S89°52'31 "W 165.22 feet to the P.O.B., thence S00°05'32"W 263.08 feet, thence S89°53'33"W 45.86 feet, thence S00°10'03"W 302.64 feet, thence S89°39'28"W 50.24 feet, thence S00°01'38"W 168.94 feet, thence S89°50'01 "E 213.56 feet, thence S00°08'29"W 168.96 feet, thence N89°50'20W 779.11 feet, thence S00°03'23"W 151.11 feet, thence S89°52'32W 824.49 feet, thence N00°11'00"E 1052.93 feet, thence N00°08'08"W 819.44 feet, thence N89°47'11"E 333.79 feet, thence S00°56'19"E 47.92 feet, thence S89°42'41"E 329.86 feet, thence S00°08'12"E 770.53 feet, thence N89°52'31 "E 820.40 feet to the P.O.B.; Containing 45.51 acres more or less subject to easements and Right of Way of record. RECEIVED APR 242008 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE BEFORE THE CITY COUNCIL OF FAYETTEVILLE, ARKANSAS PETITION TO FORM FAYETTEVILLE MUNICIPAL PROPERTY OWNERS' IMPROVEMENT DISTRICT NO. 28- LEGACY HEIGHTS, PHASES 2 AND 3 SUBDIVISION INFRASTRUCTURE PROJECT TITLE COMPANY CERTIFICATE OF PROPERTY OWNERSHIP Old Republic National 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. 28 — Legacy Heights, Phases 2 and 3 Subdivision Infrastructure Project, a copy of which Exhibit "A" is attached hereto and made a part hereof: Sloan Properties, Inc. Old Republic National Title Company further certifies that all of said property is located within the corporate limits of the City of Fayetteville, Arkansas. DATED this Z3 day of April, 2008. Old Republic National Title Company By: 62%oC /yJL AUTHORIZED REPRESENTATIVE EXHIBIT "A" LEGACY HEIGHTS LEGAL DESCRIPTION: Part of the NE1/4 of the NW1/4 and part of the NW1/4 of the NWI/4 of Section 14, and part of the SWI./4 of the SW1/4 and part of the SEl/4 of the SW1/4 of Section 11, all in T16N, R31W in Washington County, Arkansas and being described as follows: Beginning at the NE Corner of said NE1/4, NW1/4 thence S89°52'31"W 165.22 feet to the P.O.B., thence S00°05'32"W 263.08 feet, thence S89°53'33"W 45.86 feet, thence S00°10'03"W 302.64 feet, thence S89°39'28"W 50.24 feet, thence S00°01'38"W 168.94 feet, thence S89°50'01"E 213.56 feet, thence S00°08'29"W 168.96 feet, thence N89°50'20"W 779.11 feet, thence S00°03'23"W 151.11 feet, thence S89°52'32"W 824.49 feet, thence N00°11'00"E 1052.93 feet, thence N00°08'08"W 819.44 feet, thence N89°47'11"E 333.79 feet, thence S00°5619"E 47.92 feet, thence S89°4241"E 329.86 feet, thence S00°08'12"E 770.53 feet, thence N89°5231"E 820.40 feet to the P.O.B.; Containing 45.51 acres more or less subject to easements and Right of Way of record. From: Clarice Pearman To: Smith, Sondra Date: 5.9.08 5:41 PM Subject: Ords. 5135 & 5136 Attachments: 5135 MPOID No. 28 -Legacy Heights.pdf; 5136 MPOID No. 29 -Ruskin Heights.pdf CC: Audit Sondra: Attached are copies of the above ordinances passed by City Council, May 6, 2008, They have been sent for publication. Please let me know if there is anything else needed for this item. Have a good day. Thanks. Clarice NORTHWEST ARKANSAS EDITION Benton County Daily Record P. O. BOX 1607 FAYETTEVILLE, AR 72702 PHONE: 479-571-6421 AFFIDAVIT OF PUBLICATION I, Cathy Wiles, 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: City of Fayetteville —Ordinance 5135 May 14, 2008 Publication Charge : $121.33 Subscribed and sworn to before me This /S day of "'At , 2008. Notary Public �-•a a -Q My Commission Expires: 5-6 - �D/Z Do not pay from Affidavit, an invoice will be sent O.GpMM. FkA N %AR y RECEIVED MAY 19 2008 GCITY CLERKS OFFICE DINANCE NO. 5135 - F E TO ESTABLISH AND LAY OFF MUNICIPAL PROPERTY OWNERS• TA A�� �/�: DISTRICT U 28 I LEGACY �/[G� [r`•]/ C PRES OS AND 3 SUBDIVISION INFRA- \]/ WOJECT ARKANSAS a Petition to form Fayetteville em? OwnersImprovement DistrictSubdivision n'-- - y Heights, Phases 2 and 3 SbdivisiInfrastructure Project has been filed with the Cleric and e City Cleric has presented said petition to the Mayor: and ,.- e Mayor has set May 6, 2006, at 6:00 p.dt as the date and time for a hearing before City Council for consideration of said petition: and I re Fayetteville City Council has determined from a title company certificate of prop - that those signing the petition constituter all theownersof the real property to be locat- I; and is Arkansas Municipal Properly Owners' Improvement District Law provides at Ark. • _..�...u.n.Mdt d t cn,inAC thin all the owners of the record title to the real property lobe located In the district nave pelltloneo for me ri iP1uvm„w,.o, -. =• t: 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, AAA ARNANSASI 1. IL41. Section 1: That the real property described in Exhibit'A' attached hereto and made a pan hereof is hereby established Heiand laid oh as Fayetteville Municipal Property Owners' Improvement District } No. 28- Legacy aslrw. , Phases 2 and 3 Subdivision Infrastructure Project for the purpose of con- structing gaspurpipelines, sag, accepting as a gift or maintaining facilities for water4orks, recreation, drainage, gas piunderground trenches and excavations necessary for the! nitarylaflOnby -, J. public uffilies a municipal utilities of electric end 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 these purposes r e Section 2: The'following three Individuals are hereby appointed as convhISSIO ors of said Improve- mant district: Charles W. Sloan, Cynthia E. Sloan and J.B Hays. ! •..— - ' Section 3: The name of said Improvement' district shall be Fayetteville Municipal Property Owners' Improvement District No. 28- Legacy Heights, Phases 2 and 3 Subdivision Infrastructure Protect. 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 purposes authorized in Ark. Code Mn,, Title 14,' Chapter94. I. 1 PASSED ME APPROVED this 6th day of May, 2008. rt ;' APPROVED: _ ..,,�_ ATTEST:I I I Dy' SONDRA E. SMITH City Claticfkeealmr ., DAN GOODY, M- -- v EXHIBIT'A' I FGA(Y HEIGHTS f Iw • I - LEGAL DESCRIFI1UNt Part of the NEV4 of the NW114 and part of the NW114 of the NW114 of Section 14. and pan of the SW1/4 of the SWIM end part of the SE1/4 of the SWl/4 Of Section 11, all in T16N. R31W in Washington County, Arkansas and being described as follows: Beginning at the NE Caner of said NE114; NWIIS thence S89.5231W 165.22 feet to the P.O.B., thence So0°05.32W 263.08 feet, thence S89°5333W 45.86 feet, thence S00°10'03^N 302.64 feet, thence S89'3928W 50.24 feet, thence S00'01'38'W 168.94 feet. thence SB9'50'01-E 213.56 feet. thence S00°08'2WW 168.96 feet, uae•5marW 779.11 feet, thence S00°0323 -W 151.11 feet, thence S89°5232W 824.49 feet ., MO In leap thence 589°4241t 329.86 feet. thence 5001)612% Iwuas feet to the P.QE.: Containing 45.51 acres more or less subject to e record, RECEIVED MAY 19 2008 CITY OF FAYETTEVILLE CITY CLERKS OFFICE