HomeMy WebLinkAbout49-75 RESOLUTIONRESOLUTION NO.
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXE-
CUTE AN OPTION TO PURCHASE A 0.3 ACRE TRACT OF LAND FOR THE
EXTENSION OF FLETCHER STREET AND FOR WATER LINE EASEMENTS.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
That the Mayor and City Clerk be, and they hereby are,
authorized and directed to execute an option with Beulah Cook
for the purchase of a 0.3 acre tract of land for the extension
of Fletcher Street and for water line easements at a purchase
price for said land of $5,000.00. A copy of said option, marked
Exhibit "A", is attached hereto and made a part hereof.
PASSED AND APPROVED THIS IPA DAY OF
1975.
7- faie>
ATTEST:
APPROVED:
1.44,277aveeni (It)
',CITY CLERK
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a
16.02
OPTION TO PURCHASE REAL PROPERTY
In consideration of One and no/I00 ($ 1.00) dollar and
other good and valuable consideration, the undersigned optionor
grants to the City of Fayetteville, Arkansas, a municipal
corporation, hereinafter called optionee, its successors and
assigns, the option to purchase the following described
property:
A part of Lot 4, 5, and 6 of the City Addition to the City of
Fayetteville, Arkansas being more fully described as follows:
Beginning at the southeast corner of Lot 4 of the said addit-
ion and run thence north 36 feet thence north 260 51' west
237 feet, thence west along the south side of Center Street
67.3 feet, thence south 260 51' cast 138.4 feet, thence
east 52.7 feet, thence south 100 feet, thence south 260 51'
east,26.9 feet, thence east 48.6 feet to the point of beginn-
ing, containing 0.30 acres more or less.
Considerations
Tract "A" is defined as the north half of lot 7 along with
the remainder of the north half of lot 6 and any part of the
southwest part of the north half of lot 5 of the City Addition
to the City of Fayetteville, Washington County, Arkansas left
after right-of-way dedication.
Tract "8" is defined as the remainder of the Northeast portions
of lot 4 and lot 5 of the City Additiou to the City of Fayetteville,
Washington County, Arkansas left after right-of-way dedication.
Tracts "A" and "8" would be classed by the city as a lot of record
with respect to the City Zoning Regulations.
The City would issue:
A building permit to erect one single-family residence on
Tract "A" and one single-family residence on Tract "B" if
when either Center Street or the new proposed street is
improved provided that structures meet all buivlaing cod
1. Dwelling is connected to a city sanitary sewer or a
septic system approved by the State Board of Health.
2. Dwelling meeLs zoning setbacks from property lines
and rights-of-way.
3. Curb cut will be allowed for both Tract "A" and Tract
"B" as designated providing said curb cuts are 50 feet
from Center Street intersection.
(See plat attached hereto and made a part hereof)
The City will construct at it's expense one driveway ramp
base approximately"12 ft. wide of suitable material, said
ramp to be constructed so as to match the finished street
grades on Lots A and B.
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Subject to the :following terms and conditions:.
iOptionee may exercise this option at any time before the
//July, 1975, by written notice to. optionor
delivered personally, or mailed to optionor at 201 Northeast
Street, Fayetteville, Arkansas, and by paying to optionor
the total purchase price of Five Thousand and no/I00 ($ 5,000.00)
dollars, inclusive of the consideration of one and no/I00
dollars above stated for this option.
Upon due exercise of this option in payment of the
purchase price of Five Thousand and no/100 ($ 5,000.00) optionor
will deliver possession and title to said property to optionee,
- and execute and deliver to optionee a warranty deed.'
WITNESS OUR HANDS ANO SEALS ON THIS THE
if DAY
OF 19 7 .
OPTIONOR
WITNESS:
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APPAR clIT OWNER:
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LOCATION OF PROPOr SO .1%..\:
ACROSS PRIVATE PROPEITif
LINE
TRACT
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