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HomeMy WebLinkAbout133-82 RESOLUTION• RESOLUTION NO. /S3 RZ A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A MODIFICATION OF AN AGREEMENT WITH CHARM HOMES, INC. TO EXTEND THE DATE BY WHICH SAID DEVELOPER MUST CONSTRUCT A SIDEWALK ALONG THE SOUTH SIDE OF FAIRLANE TO ARKANSAS HIGHWAY 16 EAST. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: That the Mayor and City Clerk are hereby authorized and directed to execute a modification of an agreement with Chatm Homes, Inc. to extend the deadline by which said developer must construct a sidewalk along the south side of Fairlane to Arkansas Highway 16 East. A copy of the modification authorized for execution hereby is attached hereto, marked Exhibit "A", and made a part hereof. PASSED AND APPROVED this 44 day of AciU9 USA , 1982. APPROVED: ^),'cct7s.y t .+fl7war :e'_ms S` \'� c By: ,,,er '' ATTEST:` By: City Clerk ;9/#41 Mayor • w k=• e 4 - Th c ad - 8.03 AGREEMENT THIS AGREEMENT executed this ?;i day of 1980, by and between the City of Fayetteville, hereinaftercalledthe "City" and Charm Homes, called the "Developer". /2•� U CC i/c. 4p O/ ) `Vi. O6 Arkansas, ' \P'e- Inc.,-hereinafter WHEREAS, the Developer is developing Heritage East Subdivision in the City of Fayetteville; and WHEREAS, the Developer and the City desire to enter into an agreement to provide for construction of sidewalks to serve said subdivision. NOW contained follows: THEREFORE, in consideration of the mutual covenants herein, the City and the Developer hereby agree as 1. The City shall construct to standard City specifications a sidewalk along the west side of Arkansas Highway 16 from Fairlane to Huntsville Road. 2. The Developer shall construct a sidewalk to standard City specifications from the northeast corner of Heritage East Subdivision along the south side of Fairlane to Arkansas Highway 16 East. 3. The City shall complete construction of the sidewalk described in paragraph 1 above within two (2) years from the date of this Agreement. 4. The Developer shall complete construction of the sidewalk described in paragraph 2 above on or before the date the City completes construction of the sidewalk described in paragraph 1 above. 5. This Agreement shall be binding upon the parties hereto and upon their heirs, successors and assigns. IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written. ATTEST: !/-Lfla,L, v-j-t-tr r CITY CLERK • CITY OFAYETTEVILLE,, RKANSAS Y: CHARM HOMES, INC. By: . i▪ ce.• �.. • � c.,�-:.`#.J`:�%N •+,.°y'cm +n-�?:1::1, may. ▪ �E;A rz 4 l .• la Nd Imo... ATTEST: ESIDENT SECRETARY B01029 727 ✓L t irk 417:41 r>. s_.' MODIFICATION OF. AGREEMENT. • • This agreement made this day of 46164374 u 1982, by and between the City of Fayetteville, Arkansas, a municipal corporation, hereinafter called the "City", and Charm Homes, Inc., hereinafter called the "Developer". WHEREAS, the parties hereto have entered into an- Agreement nAgreement dated October 30, 1980, a copy of which is attached hereto, marked Exhibit "A" and made a part hereof; and WHEREAS, the parties desire to enter into a new agreement modifying the provisions of said agreement. NOW, THEREFORE, the parties mutually agree as follows: 1. Paragraph 4 of said agreement is modified to read as follows: 4. The Developer shall complete construction of the sidewalk described in paragraph 2 above by August 17, 1984, or at such time as the Developer has sold one- half of the total number of platted lots within Heritage East Subdivision, whichever occurs first. 2. All provisions of the agreement are incorporated t ---",herein and are hereby modified"orfsupplemented..to-conform herewith but in all other respects are to be and shall continue in full force. IN WITNESS WHEREOF, the parties have executed this Modification of. -.Agreement on the day and year first above written. CITY OF FAYETTEVILLE, ARKANSAS, A Municipal Corporation idtaeVY Mayor . By A . Attest - 'L'City Clerk • Attest: CHARM HOMES, INC. By ��Prhsi' dent