The URL can be used to link to this page

Home My WebLink About59-84 RESOLUTIONRESOLUTION NO. 59-84 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A MODIFICATION OF THE CITY'S PURCHASE OPTION WITH C. DALE FREDERICK AND MARY E. FREDERICK FOR 5.63 ACRES ON ROBINSON MOUNTAIN. 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 the City's purchase option with C. Dale Frederick and Mary E. Frederick for 5.63 acres on Robinson Mountain. A copy of the modification authorized for execution hereby is attached hereto, marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 1st day of May, 1984. Ak. IATTEST.:. APPROVED: BY:;141717a MAYOR • 4 • HMODIFIeATION OF OPTION TO PURCHASE REAL ESTATE' This Modification of Optiory.to Purchase Real Estate executed on the day of 1984, by and between C. Dale Frederick and Mari;E. Frederick, hereinafter called "Sellers," and the City of Fayetteville, Arkansas, hereinafter called "Purchaser." WHEREAS, the parties have entered into an option to purchase real estate dated December 6, 1983, a copy of which is attached hereto, marked Exhibit "A", and made a part hereof; and WHEREAS, the parties desire to modify said option. NOW, THEREFORE, Purchaser and Sellers Mutually agree as follows: 1. The second paragraph in paragraph 1 of the aforesaid option isherebymodified to read as follows: This option may be exercised by written notice of such exercise delivered to Sellers on or before 12:00 p.m., March 26, 1984; provided, upon payment of an additional $500.00 by Purchaser to Sellers within sixty (60) days from the expiration date hereof (March 26, 1984), Purchaser may exercise this option by written notice delivered to Sellers on or before 12:00 p.m. on July 26, 1984. Said additional $500.00, is paid, shall be applied to the full purchase price. IN WITNESS WHEREOF, the parties have executed this Modification of Option to Purchase Real Estate on the date first above written. • ATTEST: CITY OF FAYETTEVILLE, ARKANSAS, PURCHASER By Mayor C. DALE FREDERICK and MARY E. FREDERICK, SELLERS TEXFW • OPTION TO PURCHASE REAL ESTATE In consideration of Five Hundred Dollars ($500.00) paid to C. Dale Frederick and Mary E. Frederick, husband and wife, hereinafter called "Sellers", receipt of which is hereby acknowledged, Sellers hereby grant to the City of Fayetteville, Arkansas, hereinafter referred to as "Purchaser", the exclusive option to purchase for the price and on the terms and conditions 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 Eight Thousand Dollars ($8,000.00), on which the sum of Five Hundred Dollars ($500.00) hereby received shall apply. The balance shall be paid at closing if this option is exercised. If this option is not exercised, the sum paid by Purchaser shall be retained by Sellers in consideration of the option. This option may be exercised by written notice of such exercise delivered to Sellers on or before 12:00 o'clock p.m. larch 26, 1984\ provided, upon payment of an additional $500.00 by Purchaser to Sellers within the original period of this option, Purchaser may exercise this option by written notice delivered to Sellers on or before 12:00 o'clock p.m. on July 26, 1984 Said additional $500.00, if paid, shall be applied to the full purchase price. 3. Sellers 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. E (1-111.1111,A_ lJ 1983. EXECUTED in duplicate on this day of December, CITY OF FAYETTEVILLE, ARKANSAS PURCHASER By: C. DALE FREDERICK and MARY E. FREDERICK, SELLER ezz. 77fial, re1 ri; • LEGAL DESCRIPTION NO. 3 a square of property containing 5.63 acres out of the NW corner of Mr. Dale Frederick's property: Part of the Southeast quarter (SE4) of the Northwest quarter (NA) of Section 32, Township 16 North, Range 29 West, being more particularly described as follows, to -wit: Beginning at the Northwest corner of said SE4 of the NW4, and running thence South 495.00 feet; thence Eat 495.00 feet; thence North 495.00 feet; thence West 495.00 feet to the point of beginning, containing 5.63 acres, more of less. N -CORNER- . SE 1/4 , N W ;SECTION 32 4.I034'24" E —495.0' x ----x x x ----x ; PLAT OF SURVEY FORi -CITY OF FAYETTEVILLE FAYETTEVILLE, ARK. JOB NO. 84-808 FB: 800 pg. 143-2v to co - BY: NORTHWEST ENGINEERS, INC. - 505 W. ASH ST. 4i0 FAYETTEVILLE, ARK.!' CD co SCALE111: 100' 59 0 .50 LEGEND 24.4 c2. — FOUND IRON- PIN • — SET IRON PIN IN CONC. • — METAL FENCE „ POST , • 1 STONE - •—x—FENCE S 1034' 24" W 495.0' limuAm t: JENKINS REGISTERED LAND SURVEYOR c STATE OF ARKANSAS NO.688 LEGAL DESCRIPTION A part of the SE ki of the NW ¼ of Section 32, Township 16 North, Range 29 West, being more particuarly_described as follows: Beginning at the NW corner of,the SE 1/4 of the NW 14 of said Section 32 and running thence N 880 29' 36" E 495.0 feetrtheneS 1°, 34' 24' W 495.0 feet; thence S 88° 29' 36" W 495.0 feet; thence N 10 34' 24" E 495.0 feet to the point of begining, containing 5.63 acres, more ot less, Washington County, Arkansas. Subject. to any easements or Right -of -Ways of record. SURVEYOR'S CERTIFICATION I hereby certify that to the best of my professional knowledge and belief the plat shown hereop reflects the results of a survey completed under my supervision on August 17, 1984, and that said survey is possible subject to unnoted easments and Right -of -Way of record and not of record. var. L.S. No. 688, Arkansas • Arkansas Title Insurance Company OWNER'S POLICY OF TUE INSURANCE POLICY NUMBER 202- 005342 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS• AND STIPULATIONS HEREOF, ARKANSAS TITLE INSURANCE COMPANY, an Arkansas corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and cost, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; 2. Any defect in or lien or encumbrance on such title; . 3. Lack of a right of access to and from the land; or 4. Unmarketability of such title. IN WITNESS WHEREOF, the Arkansas Title •Insurance Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or agent of the Company. Attest: Secretary ARKANSAS TITLE INSURANCE COMPANY By >9070 President EXCLUSIONS FROM COVERAGE The following matters are.expressly excluded from the coverage of this policy: I. (a) Governmental police power. (b) Any law, ordinance or governmental regulation relating to environmental protection. (c) Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part. (d) The effect of any violation of the matters excluded under (a), (b), or (c) above, unless notice of a defect, lien or encumbrance resulting from a violation has been recorded at Date of Policy in those records in which under state statutes, deeds, mortgages, judgment liens or lis pendens must be recorded in order to impart constructive notice to purchasers of the land for value and without knowledge. 2. Rights of eminent domain unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured . claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. American Land Title Association Owner's Policy - 1970 - Form B (Amended 10-17-70 and 3-30-84) Form 1005-31 Face Page (Revd. 4-84) Valid Only If Schedules A, B and Cover Are Attached ORIGINAL JaA09 apisui panuyuo3 suoyupdys puu suompuoa •nyeapy) skep OE unp!fic aptArd aq yew a2utuup ao sso! Oqi 'ADyod spy Jo suoptpuon 041 (1ym a31.1UplO3Or u! pan Alayugap uaaq SE4 fiwywy uatim (o) -AwedwoD ay Jo uoyezuownt uallym 041 gym pansu! -Lions Aq uo pappo uopeSpiUL sasuadxa pue saa) i5A311.1011t '5)533 Ile put ipainsty Epos JO; AteedwoD aq Aq uo papaw uope5gy Ui paansu! uu uodn pasodw! 51503 11e 'Aa!Lod sop Aq isutuSe paansut ssol Aue 01 uoyippe ut `Lied !pm Athethuo3 ij (q) AL? ainpayn ui pams aaweansty Jo lunowe am ) ao iumutup paansu! ay1 Jo ssol Lenpeau (1 ) :JO IstaL 341 Nano 't S113 011 u! 'Lugs Al!lOd sop npun AuedwoD ay) Jo Aly!qty aqj (C) SSO1 AO 1N31NAVd ONV N0LIVN11883130 '9 .Aurdwoo aty Aq pazpowne put wnwep paansu! 3111 Aq pawArd Jo lapual JO wawAed yons Jo awp my 01 dn panno -ui sasuadxa pue saaJ isAatuout 'moo Aue yi fll aawa2o1 Aoyod sw) Japun aouewsut Jo Junotur atp Jo wawArd 5upapua) .10 Sunced Aq npunway AutdwoD ay) Jo suoyayqo pue /Synge!! lit aletuwaw 01 JO 151/1e5C pansut aye() Aue wutwelo painsw Ur Jo aweu 041 u! 10 104 apps asywaylo io Aed 01 uopdo ap am' Buys AttedwoD ata SIAIIV13 311138 391MH31110 210 AVd 01 SNOIld0 '9 •a9eurep JO 5501 113n5 01 SE Anod snit aapun AuedwoD my Jo Wymey Aye awunuaal yeys a9etuep ssol Jo 'Inmates yans 115111.1113 anytti .paystuan) uaaq anet{ Hums auatuaw's yons Pip sAup (nun lurwmo pansul uu ot await (Lugs uoyou Jo 1y5m ou pue pauttuaapp uaaq zloty yeys affuwep JO sso! tons Jaye slily' 06 utyym Aua'Loop ayi oi paysouni aq Heys )(nod syy lapun amen s! AuedwoD ay) paupp Si 1! qawm ao; a2ewep ao 5501 Aue Jo 9uppall u! watuams E •suopeindys pur suolypuoD 3504) 40 (q)( ydra9wal aapun paw -lbw soopou 041 o) uomppe NO113V AO NOI1V11Vil1 SSO1 AO 33110N pannow os asuadxa Aue 101 painsui tons asanqtup; yetis AuedtuoD alp pat 19typaaowd JO U0113C 43115 511113113Jap JO 9upnaasold JO 45aSS0LI)IM 5111111E1C10 `aauaptoo 2wanoas luawapps 2upaalla Ui 12typoaowd JO uoyoe awns AUE lai lye anieuostaa Auedwoo my 3m9 Heys paansut yons •Auedwoo my Aq paisanbaa lanauaym •asocland yons ioj paansw Irons Jo alum 042 Woydo 51! w asn 03 AutdwoD wund pue 'wain] spadde tw pUB 12typawoad .10 uoyou yans asuapp applload yo ainoasold os 01 algy 041 AualtuoD atp awaas Heys npunany paansty ay) •Zwpaao -oar! uopau Aue Jo asuaJap 341 acy apywad JO awoasold 02 Autd -woD 41 saynbaa JO altuaad Aoyod siq1 waym 535E0 1111 UI (0) .aapao JO waw 4pty aspope Aue woy Leaddt 03 Woyansw aps 531 (y 1142!) ay) samasaa Aissaylxa pue uopowstanf luapdtlloo JO Puna Aq uopeunu -plop wuy 01 uopap!! lions Aut onsand Aew AuedwoD 41 'Aoyod sty; 30 suo!sywad atp q paynuaad JO paynbal se asuaJap o pasodaaw! .10 uoyoe Aue 143n044 wet( yeys AueduloD 941 awauaym (p) .Aoyod sup Jo uots!noad Aue anwm ao Awnw!! apaouoa Agway lou yetis put daapunalayi alqty aq Heys 1! you ao aapaym 'Anod sop Jo swill aya npun uotwe awydoadde Aue ajotau AlludwoD aya pue 'paansui sg isanw! io alelsa ay 03 app yypeisa (o) anwysap .10 Aaesswau aq Amu uonyclo u! goyim loe latyo Aim op 01 ao 2uwaaowd ao trope Atm allioasoyl Aulap anpun polypi) put altyysty 0)1503 UMW SU 111 14911 my win Heys AuedwoD an. (0) L-9001 13 .aayonlaad mans Jo wawa alp 01 Awn uayl pue anwe; cons Aq paapnlaad aq yap AualwoD ay) ssalun )(nod 5141Japun painsty qsns Aug Jo 51429 atp aomniaad 35C3 011 ty yetis Awou 01 ampty aryl sawamoy 'pappwad :papilla" st aoyou adwoad yons yotym ao; wwww ao JallEW 241 01 paw aluunwal pue _aseao netts AuedwoD 041 Jo Amgen II yo! s 01 se 110111 aly 01 uaoL5 aq lou yeys wyou idwoad tons J1 .alquiallewun se papalaa s! 'pommy se Imam! JO amsa ay 01 ally J! (111) JO 'Ao!Lod sly) ;o awyo Aq appy aq Amu AtredwoD ayt yawn) Jo) aftwep ao stol astwo 1149!w yawl) pue toinsu! sr isanyy ato airiSa ay) 01 app aya 01 asno -pe s1 polo) isanwl JO app JO autelo Aut Jo npunany painsu! ut 01 3W03 (Lugs apaimoul 0903 U1 (!!) ianoqe (r) ui gm; las se pasod -law! s! asuapp ungaq s! 9wpaanold .10 uopOe AU1T 05E3 1/1 (1) 2uwam u! Apdwoad AuedwoD aw Apou lows painsu! 4i ( q) .Aoyod spy Aq asuolSe paansu! nnew Ja1110 JO 'aauticitunaua Way 113340p pa93Lle ue uodn papuno; Si u0yel3py gals 1B141 alma 041 o) 'put! pins ui isanity ao alas; aty Jo ows .103 13C111103 0 33J03UO 01 110113E UC ui pansu! UE istyuge pasodaawi asuapp r JO lpainsu! WES 1511102E paotaawauoo s9wpaaocud JO 5U01130 JO 511115151103 uorwSpy yr ay paansul in Jo asuapp ayt lOJ apywad treys 'Atiop anpun romp') put 1503 Um0 541111 'AuedwoD ata (13) 1NVINIV13 0388SN1 NV A8 N3A19 38 0/ INIT13 AO 33110N — SNO113V AO NO1111338011d ONV 3SN3A30 'C •paansu! gals 03 u3iy9 aSeSpow Aauow 051143 -and e Aq paanoas ssaupapapu! aw JO 150p11]! JO 310153 p)es Jayna Jo ponsut yons wyg laseapand Aut Jo won) u! azaw UI ainywoo IOU yeys Aoinni sup ElaitaM011 'pappioni 1Sal01111 JO 030153 lions Jo ammAanuon JO saisury Atm ui palmy yans Aq •apew Awrawm Jo sureuanoa Jo uoseaa Aq Welty wry yells paansty ions 50 9E301 os JO paansui yans way aasmpand r Aq u0ol9 aSayow Aauow asetpand e Aq paanoas ssaupalqaput tie snot; JO 'pug ay' u! Isamu! .Jo awlsa ue sumo.) paansty qons se 8u01 os painsu! ue Jo acme] u! Amor( JO oleo Jo se away tit antywoo yeys /Sapid t 1141 Jo aStrapo 3141 31111 AC1 33NVA3ANO3 2131AV 33NMSNI AO NOLLWINI1NO3 'Z .pue! lows 01 aupeps snit= Jo apou annoys -uoa laediu! me! Aq uoiym sppow asow :„spatoaaa aqqnd, (;) pawnysu! Alynaas any) llo 'pap an lam Jo paap 13202330t1] :„affeSpow„ (a) .Aopod sny Aq paansay si pun( 341 woy put o) 550300 JO 1142!J 0 WWI oa wax° ay; yaw 10 Appow 'Legs want! Sunyou inq sAern101um JO sAem 'saw) isAaye 4sanu3ne 'spew 'spays 9up1flqe In wawasra ao alma Isaaaw! Lally 'wall Aug JOU 'V awpaqas 111 01 palJapJ JO pawnsap )(unloads ram aial p saw( 041 puoAaq Awadwd Aue apnpul 3OU saop „puti„ WiOl ap 'Jana/wog 4papptind 1Awadoad pa; artipsuoa mei Aq gaup,' oplap (mum swatuanoadup pun 1v ainpayn u! =amp' Aq 10 Alwaypads 'paqmosap punt 342 :„pue!„ (p) .spaina; aycind Aue Jo UOSEaJ Aq ()away ue 01 panda)! aq Aew yaw)) 3311011 JO apalmoui wpanysuoo IOU daSpaimoul pone :„aSpalmout, (o) uapunway 09uump JO S501 Sunwup parlay nu :„Tutuyelo paansu!„ (q) •saossaaans Aawonpy JO 01E1005103 JO `UM Jo ycau 'swim -uasaylaa Leuouad 'sawn/tans •saasioap tsaanwystp 151t34 101 pawn!' Jou inq typnput aseqoand ww; paustn9upsw se mu( Jo uoyundo Aq pamsty tons Jo Isamu1 aw 01paanns oym wow 'paansu! poweu all isutt9u peg wey Amu AttedwoD 41 sasuoJap 514211 Aue 01 loaning 'Nu 'of ainpayn paueu pawn)! ay) :„pansw„ (t) :utaw )(nod spy u! pan uaym stun) 9ulmollo1 041 SNOLLVII1dIlS IIMV smomarsToa SIN2131 AO N0111N1330 '1 I-% • t Policy No. 202-005342 SCHEDULE A File No. AR 84-268 Amount Of Insurance: $8,000.00 Premium: STANDARD Date of Policy: ,SEPTEMBER;Alf1984 at 9:06 A. M. 1. Name of Insured: CITY OF FAYETTEVILLE, FAYETTEVILLE, ARKANSAS r 2. The estate or interest in the land described herein and which is covered by this policy is fee simple and is at Date of Policy vested in: • • CITY OF FAYETTEVILLE, ARKANSAS 3. The land referred to in this policy is described in the said instrument, is situated in the County of Washigton, State of Arkansas, and is identified as follows: Part of the Southeast Quarter (SE 1/4) of the Northwest Quarter (NW 1/4) of Section 32, Township 16 North, Range 29 West, being more particularly described as follows, to -wit: Beginning at the Northwest corner of said Soputheast Quarter (SE 1/4) of the Northwest Quarter (NW 1/4) and running thence South 495.00 feet; thence East 495.00 feet; thence North 495.00 feet; thence West 495.00 feet to the point of beginning. g- COUNTERSIGNED BY: BRONSON ABSTRACT COMPANY, INC. 28 EAST CENTER STREET FAYETTEVILLE, ARK. 72701 ************************ ARKANSAS TITLE INSURANCE COMPANY ************************ re SCHEDULE B . File No. AR 84-268 This policy does not insure against loss or damage by reason of the following: 1. Rights or claims of parties other than Insured in actual possession of any or all of the property. 2. Unrecorded easements, discrepancies or conflicts in boundary lines, shortage inNarea.and encroachments which an accurate and complete survey would disclose. • 3. Unfiled mechanics' or materialmen's liens. 4. Timber Deed to Ozark Forest Products, Inc., filed for record March 17, 1969 at 1:35 P. M., and recarded in record book 755 at page 240 of the records of the Circuit Clerk -and Ex -Officio Recorder of Washington County, Arkansas. 5. Right of way to the Mount Olive Water Association, filed for record November 16, 1982 at 1:44 P. M., and recorded in record book 1070 at page 428 of the records of the Circuit Clerk and Ex -Officio Recorder of 4 Washington County, Arkansas. 6. General real estate taxes for the year 1984 and subsequent years not yet,due and payable. 7. Easement granted to Ozarks Electric Cooperative Corporation filed for record September 6, 1984 in record book 1118 at page 342. 8. Easement granted to the City of Fayetteville, Fayetteville, Arkansas, filed for record September 6, 1984 in record book 1118 at page 343. ************************ ,BRONSON ABSTRACT COMPANY, INC. ARKANSAS TITLE 28 EAST CENTER STREET INSURANCE COMPANY ; FAYETTEVILLE, ARK. 72701 ************************