The URL can be used to link to this page

Home My WebLink About3-84 RESOLUTION• RESOLUTION NO. 3 - 84 1 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE WITH BEULAH.PHILLIPS AN OPTION TO PURCHASE A 25 ACRE PARCEL LOCATED SOUTH OF THE CITY'S POLLUTION CONTROL PLANT. 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 with Beulah Phillips an option to purchase a 25 acre parcel located south of the City's pollution control plant. A copy of the option authorized for execution hereby, is attached hereto, marked Exhibit "A", and made a part hereof. PASSED AND APPROVED this 3rd day of January, 1984. • y� i;' AT:TEST;:` w 111.744 y Cler APPROVED: By: OPTION TO PURCHASE REAL ESTATE In consideration of One Dollar ($1.00) paid to Beulah Phillips, hereinafter referred to as "Seller", and other valuable consideration, Seller hereby grants to the City of Fayetteville, Arkansas, hereinafter referred to as "Purchaser", -the exclusive option to purchase for the price and on the terms andconditions hereinafter set forth the real property described in Exhibit "A" attached hereto and made a part hereof. 1. The full purchase price for the property shall be Fifty Thousand Dollars ($50,000.00). The full purchase price shall be paid at closing if this option is exercised. 2. This option may be exercised by written notice of such exercise delivered to Seller on or before 12:00 o'clock p.m., on the 30th day from the date of this option. 3. Seller shall convey to Purchaser, or to Purchaser's nominee, good and marketable title to the property herein described subject only to easements of record. Conveyance of title and transfer of possession to Purchaser shall be executed within sixty (60) days after exercise of the option. During such period title may be examined by Purchaser by any method selected. All abstracting or title insurance expenses and all closing costs shall be borne by Purchaser. 4. Ad valorem taxes against the property for the year in which the sale is consummated shall be prorated between the parties as of the date of delivery of title and possession. EXECUTED in duplicate on this 198 4 a* ri,'. 71 ATTEST_ ity C 3rd day of January CITY OF FAYETTEVILLE, ARKANSAS PURCHASER .. cam 6A), .449 LA? • a/. /.. BEULAH EXHIBIT A PHILLIPS, SELLER • EXHIBIT "A" Part of the Northeast Quarter (NE 1/4) of the Southeast Quarter (SE 1/4) of Section Seven (7) and part of the Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) of Section Eight (8), all in Township Sixteen (16) North of Range Twenty-nine (29) West, and being more particularly described as follows, to -wit: Beginning at the South West corner of the Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) of said Section Eight (8), and running East Eighty (80) rods; thence North Thirty (30) feet; thence West Forty (40) rods; thence North Sixty-one rods; thence West Fifty (50) rods, more or less, to the East line of the Public Road; thence with the East line of said road in a Southerly direction to its point of intersection with the South line of said Northeast Quarter (NE 1/4) of the Southeast Quarter (SE 1/4) of said Section Seven (7); thence East alongsaid line to the point of beginning, containing Twenty-five (25) acres, more or less. Subject, however, to the right of way of the Public Road along the South side thereof, all being situate in Washington County, Arkansas. • 1 WARRANTY DEED :..F.WSBAND ANDAS-1tNANIb b THE ENTIRETY, JOINTLY OR IN COMMON KNOW ALL MEN BY THESE PRESENTS: That we, Gerald E. Renegar and Nell B. Renegar husband and wife, . herelnafter called Grantors, for and In considera- tion of the sum of One Dollar (51.00) and other good and valuable consideration to us In hand paid by Beulah Phillips herelnafter called Grantee, do hereby grant, bargain and sell unto the said Grantee and Grantee's heirs and assigns, the following described land, situate in Washington County, State of Arkansas, to -wit: Part of the Northeast Quarter (NEV4) of the Southeast Quarter (SEl/4) of Section Seven (7) and part of the Northwest Quarter (NW3/4) of the Southwest Quarter (SWIA) of Section Eight (8), all in Township Sixteen (16) North of Range Twenty-nine (29) West, and being more particularly described as follows, to -wit: Beginning at the South West corner of the Northwest Quarter (NW -174) of the Southwest Quarter (SWl/4) of said Section Eight (8), and running East Eighty (80) rods; thence North Thirty (30) feet; thence West Forty (40) rods; thence North Sixty-one (61) rods; thence West Fifty (50) rods, more or less, to the East line of the Public Road; thence with the East line of said road in a Southerly direction to its point of intersection with the South line of said Northeast Quarter (NE3/4) of the Southeast Quarter (SEW of said Section Seven (7); thence East along said line to the point of beginning, containing Twenty-five (25) acres, more or less. Subject,.. however, to the right of way of the Public Road along the South side thereof. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's heirs and assigns, forever. And we, the said Grantors, hereby covenant that we are lawfully seized of said land and premises, that the same Is unincumbered, and that we will forever warrant and defend the title to the said lands against all legal claims whatever. And we, the respective Grantors, hereby release and relinquish unto the said Grantee our respective dowerlcurtesy and homestead In and to said lands. WITNESS our hands and seals on this '77L day ofDec. 1983 �� THIS INSTRUMENT PREPARED BY: � L ' — O OW McAllister & Wade, P.A. Post Office Box 1000 -7 /n�/p OO /J elft Fayetteville, AR 72702 (Seal) (Seal) STATE OF ARKANSAS County of WgsHtMG7o .' ACKNOWLEDGMENT ma 1966 786 On this the qday of DEC , 1913 before me, a notary public, personally' appeared elz,694n E 2cuccs)2 and 4uCul. 1._ R. /2ENCGn2 known to me (or satisfactorily proven) to be the persons whose names are subscribed to the foregoing Instrument and acknowledged that they had executed the same for the purposes therein set forth. l w tness whereof I hereunto set my hand and official seal. f `VI\i�jFF6 SHIAL ERWOOD Y/ "'� Notar Public Myio ,Gi i"n'. ?JEL'C i FIIW:SAS wb-H 4 W Mly °r;! s:'; , :..Q.59C S PPppPP TT p"y-mr•44YW4 fl .-a-ov1L'i