Loading...
HomeMy WebLinkAbout30-91 RESOLUTIONRESOLUTION NO. 30-91 A RESOLUTION AUTHORIZING THE PURCHASE OF THE KHOG AND SYSTEMATICS PROPERTIES. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Mayor and City Clerk are hereby authorized and directed to execute Offer and Acceptance Agreements with Mr. Frank L. Haney to purchase the KHOG and Systematics Buildings at a total price of $547,000.00. A copy of the Offer and Acceptance Agreement authorized for execution hereby is attached hereto and made a part hereof. PASSED AND APPROVED this 19th day of February , 1990. APPROVED: By: Mayor ATTEST: G1I.1,Oa I��t� • • OFFER AND ACCEPTANCE CONTRACT (Rev. 2-08-91) 1. Buyer, the City of Fayetteville, offers to buy, subject to the terms and conditions set forth herein, the following described property See attached. Exhibit A. Purchase Price: subject to the following conditions the Buyer. shall pay for the property at closing the total and cash payment of $547,000.00 cash. 3. Contingent Earnest Money..Deposit; ..'Phe Buyer herewith tenders a check for $3,000.00 to.Franklin L. Haney, :hereinafter referred to as Selzer, as earnest money, which shall apply on the purchase price. This offer Of•purchase is contingent upon approval'of --the Board'-cf .:Directors • of the_ City. of Fayetteville, Arkansas and, if. they do not so approve,' .the earnest money deposit will be returned to the Buyer by the Seller. if title requirements are not fulfilled or the Seller fails to fulfill any obligations under this contract, the earnest money shall be promptly refunded to Buyer. If Buyer fails to fulfill his obligations under the contract or after all conditions have been met, Buyer fails to elate .this transaction the earnest money may at the option of the Seller, become liquidated damages •to,the Seller. Alternatively, Seller may assert legal or equitable rights. which:it may have because of breach of this contract. 4. Conveyance will be made. to Buyer by general warranty deed, except it shall be. subject to recorded instruments and' easements, if any, which do not materially affect the value of the property. Such conveyance shall include mineral rights owned by Seller_ 5. Seller shall furnish, at Buyer's cost a policy of title insurance in the amount,of the purchase. price. ..seller agrees to allow 132.1yeti, at Bnyer's expense to survey the property. Seller agrees to cure any title problems which may result fron any differences between. the recorded legal desari.ption of the property and the. survey description. Said:titie'problems, if any,,Tust be solved prior to closing to the satisfaction of the:buyer #30-9/ 7. Taxes and special assessments due on or before closing shall be:paid.by the seller. Insurance., general taxes,. ad valorem taxes,. special •assessments and rental payments -shall be prorated as of closing. 8. The Closing date is designated: to be Son -or before Friday, ; February '22, _199L_ ,{ 9' Possession of the property shall be delivered tc the Buyer an the date of closing. . 10. All fixtures, improvements and attached equipment are included the purchase price. 11. Riskc of loss or damage to the property by fire or other casualty occurring up to the time of closing is assumed by the Seller. 12.. This AGREEMENT shall be governed by the laws of the State of Arkansas. - 13. This AGREEMENT, when executed by both Buyer and Seller shall contain the entire. understanding and agreement of•the parties with respect to the matters referred to herein and shall supercede all price or contemporaneous agreements, representations and understanding with respect to such matters, and no oral representations or statements shall be considered a part hereof. 14. This contract exppires, if not accepted, on or before the _ __ day of { Qy2UrWL%s. , 1991. 15. NOTICE: BUYER ASSERTS AND SELLER HEREBY ACKNOWLEDGES THAT THIS OFFER IS EXPRESSLY CONTINGENT UPON THE CITY OF FAYETTEVILLE'S BOARD OF DIRECTORS APPROVAL OF THIS OFFER OF PURCHASE AND THAT THE FAILURE OF THE BOARD TO SO APPROVE WILL MAKE ALL -PORTIONS OF THIS OFFER NULL AND VOID, INCLUDING, BUT NOT LIMITED TO, THE RETURN TO BUYER OF THE $2,500.00 EARNEST MONEY DEPOSIT. l Franklin L. Haney, eller CITY-:-OH'FAYETTEVILLE, ARKANSAS 8 tel -`12L • c J Date? ) I /4? i14/ BUYER /Ytc.Y°4Date / ':,BUYER &cal ef-04, • EXHIBIT A Legal Description 7. Systematics Bldg A part of Lot Number Four (4), and all of Lot Numbers Five (5) and Six (6) of Block Number Thirty-one (31) of the original town plat to the City of Fayetteville, more particularly described as: Beginning at the southeast corner of said Block Number Thirty-one (31), said point of beginning being an "X" set in concrete; Thence N 89°54'23" W 155.00 feet to a point at the Southwest corner of said Lot Number Six (6); thence N 00°08'22" E 139.74 feet to a point 30.80 feet North of the southern boundary of said Lot Number Four (4) ; said point being an "X" 'set in concrete on the south boundary of a 12' deeded alley; thence S 89°52'57" E 155.85 feet to a point on the eastern boundary of said Lot Number Four (4); said point and "X" set in'condrete 30.80 feet North of the southern boundary of Lot Number Four (4); thence S 00°29'14 W 139.68 feet to the pont of beginning, containing 10,540 square feet, more or less. AND • KHOG Bldg A part of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty- one (31) of the original town plat to the City of Fayetteville, more particularly described as: Commencing at the Northeast corner of said Lot Number One (1), and continuing thence N 89°50'20" W 77.36 feet to the point of beginning, said point being an "X" set in concrete at the intersection of the extension of the centerline of a dividing wall between the upper levels of the KHOG and WOOLWORTH buildings, and the north boundary of said Lot No. One (1); Thence continuing to and along the center of said wall S 00°35'30" W 144.31 feet to the intersection of said wall centerline and the exterior face of KHOG's south wall; thence N 89°27'38" W 0.60 feet to the exterior face of Woolworth's west wall; thence continuing along and beyond the face of said wall S 00°32'22" W 28.72 feet to an "X" set in concrete located 3.96 feet South of the south wall of Woolworth building and 42.80 feet North of the south boundary of said Lot No. Four (4); thence N 89°52'57" W 15.00 feet to an "X" set in concrete; thence N 00°32'22" E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's Administration Building; thence continuing with said wall face S 89°32'36" E 1.32 feet and N 00°08'22" E 129.91 feet to a point on the north boundary of said Lot Number One (1), said point being an "X" set in concrete located 2.70 feet North of the exterior face of the KHOG's north wall; thence S 89°50'20" E 14.35 feet to the point of beginning, containing 2,116 square feet, more or less. FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS `;p4 DEPARTMENTAL CORRESPONDENCE TO: THRU: Donald R. Bunn, City Eng _FROM: Bert Rakes, Land Agent DATE: 5-21-91 Sherry Thomas, City Clerk ViER SUBJECT: City Purchase of KHOG & Systematics Property For your safekeeping you will find the following: 1. Resolution No. 30-91 approving purchase. 2. Executed "Offeranf Acceptance Contract". 3. February 19, 1991 Board Minutes. approving Resolution. 4. Original Warranty Deed as recorded in Book 1403 and page 934 granting ownership to the City. 5. Partial Release - Book 1403 page 933. 6. Survey of Systematics as recorded in Drawer 3, page 187. 7. Survey of KHOG as recorded in Drawer 3, page 188 8. P.O.. #26585 and Check #239 for Title Insurance and closing. 9. Title Insurance Policy No. 0110-009730. 10. Closing Statement as corrected. 11. Application for tax exempt status for both properties. BR/mab Attachments CC: Jerry Rose, City Attorney • RESOLUTION NO. 30-91 A RESOLUTION AUTHORIZING THE PURCHASE OF THE KHOG AND SYSTEMATICS PROPERTIES. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Mayor and City Clerk are hereby authorized and directed to execute Offer and Acceptance Agreements with Mr. Frank L. Haney to purchase the KHOG and Systematics Buildings at a total price of $547,000.00. A copy of the Offer and Acceptance Agreement authorized for execution hereby is attached hereto and made a part hereof. PASSED AND APPROVED this 19th day of February , 1990. ATTEST: By City Cl k APPROVED: Mayor • • °FPER AND ACC flA CS•CONTRACT (Rev. 2-oe-91) . Buyer, the City of Fayetteville, offers to buy, subject to the terms and conditions set forth herein, the following described property: See attached Exhibit A. Purchase Price: subject to the following conditions the Buyer shall pay for the property at closing the total and cash payment of $547,000.00 cash. 3. Contingent Earnest Money.:Deposit: The Buyer herewith tenders .a check for $3,000..00 to. Franklin L. Haney, .hereinafter referred to as Seller, as earnest money, which shall apply on the purchase price. This offer of. purchase is contingent upon approval of the Board of .Directors of 'tile • City of Fayetteville, Arkansas and, if. they do not so approve, .the earnest money deposit will be returned to the Buyer by the Seller. If title requirements are not fulfilled or the Seller fails to fulfill any Obligations under this contract, the earnest money shall be promptly refunded to Buyer. If Buyer fails to fulfill his obligations under the contract or after all conditions have been .met, Buyer. fails to'clots .this transaction the earnest money'may at the option of. the Seiler, become liquidated damages to%the Seller. Alternatively, Seller may assert legal er equitable rights which:it may have because of breach of this contract. 4. Conveyance will be made to Buyer by general warranty deed, except it shall be subject. .to recorded instruments: and easements, if any, which do not materially affect the value of the property. Such conveyance shall include mineral rights owned by seller.. B. Seller shall furnish, at Buyer's cost a policy of title insurance in the amount.of the purchase.price. . 6, seller agrees to allow=Buyer, at Buyer's expense to survey the property. Seller agrees to cure any title problems which may result from any differences. between. the recorded legaldesoription'of the property and the. survey.description. Said title problems, if any,:must be solved prior to. closing to the satisfaction of the:buyer. 7. Taxes and special assessments due on or before'closing shall be paid.by the seller. Insurance, general taxes,. ad valorem taxes, special 'assessments And rental payments -shall be prorated as of. closing. : S. The closing date is detignitedl to be on or before Friday,. February 22, 1991. 9. Possession of the property shall be delivered to the Buyer an the data of closing. 10. All fixtures, improvements and attached equipment are included in the purchase price. 11. E2ia of loss or damage.to the property by fire or other casualty occurring up to the time of closing is assumed by the Seller. 12. This.AGREEMENT shall be governed by the laws of the State of Arkansas. - 13. This AGREEMENT, when executed by both Buyer and Seller shall contain the entire understanding and agreement of the parties with respect to the matters referred to herein and shall supercede all price or contemporaneous agreements, representations and understanding with respect to such matters, and no oral representations or statements shall be considered a part hereof. 14. This contract expires, if not accepted, on or before the I ?LIPt day of _f Fs uf4sc , 1991. 15. NOTICE: BUYER ASSERTS AND SELLER HEREBY ACKNOWLEDGES THAT THIS OFFER IS EXPRESSLY CONTINGENT UPON THE CITY OF. FAYETTEVILLE'S BOARD OF DIRECTORS APPROVAL OF THIS OFFER OF PURCHASE AND THAT THE FAILURE OF THE BOARD TO SO APPROVE WILL MAKE ALL PORTIONS OF THIS OFFER NULL AND VOID, INCLUDING, BUT NOT LIMITED TO, THE RETURN TO BUYER OF THE $2,500.00 EARNEST MONEY DEPOSIT. _2—P i Franklin L. Haney, eller CITY 0? FAYETTEVILLE, ARKANSAS 2%?01.1111% -e - BUYER rYl&yoc BUYER. eA ego./ 11,/ Le `i) at Ii- /4, ICl/ Date • • • • z EXHIBIT A Legal Description Systematics Bldg A part of Lot Number Four (4), and all of Lot Numbers Five (5) and Six (6) of Block Number Thirty-one (31) of the original town plat to the City of Fayetteville, more particularly described as: Beginning at the southeast corner of said Block Number Thirty-one (31), said point of beginning being an "X" set in concrete; Thence N 89454'23" W 155.00 feet to a point at the Southwest corner of said Lot Number Six (6); thence N 00°08'22" E 139.74 feet to a point 30.80 feet North of the southern boundary of said Lot Number Four (4); said point being an "X" set in concrete on the south boundary of a 12' deeded alley, thence S 89452'57" E 155.85 feet to a point on the eastern boundary of said Lot'Number Four (4); said point and "X" set in concrete 30.80 feet North of the southern boundary of Lot Number Four (4); thence S 00429'14 W 139.68 feet to the pont of beginning, containing 10,540 square feet, more or less. AND KHOG Bldg A part of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty- one (31) of the original town plat to the City of Fayetteville, more particularly described as: Commencing at the Northeast corner of said Lot Number One (1), and continuing thence N 89°50'20" W 77.36 feet to the point of beginning, said point being an "X" set in concrete at the intersection of the extension of the centerline of a dividing wall between the upper levels of the KHOG and WOOLWORTH buildings, and the north boundary of said Lot No. One (1); Thence continuing to and along the center of said wall S 00435'30" W 144.31 feet to the intersection of said wall centerline and the exterior face of KHOG's south wall; thence N 89°27'38" W 0.60 feet to the exterior face of Woolworth's west wall; thence continuing along and beyond the face of said wall S 00°32'22" W 28.72 feet to an "X" set in concrete located 3.96 feet South of the south wall of Woolworth building and 42.80 feet North of the south boundary of said Lot No. Pour (4); thence N 89452'57" W 15.00 feet to an "X" set in concrete; thence N 00432'22" E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's Administration Building; thence continuing with said. wall face S 89432'36" E 1.32 feet and N 00°08'22" E 129.91 feet to a said point int on enrth hnboundaarry of said Lot Number one (1), being in concrete located 2.70 feet North of the exterior face of the KHOG'S north wall; thence S 89450'20" E 14.35 feet to the pointof beginning, containing 2,116 square feet, more or less. l • February 19, 1991 Vorsanger explained that there was a public hearing held on January 22, 1991, and there was 100% support of the nearly 200 in attendance to increase the fees at the lakes thereby increasing the revenues for the lakes and keeping them open. Blackston stated he attended the public meeting and stated the positive public input from the meeting was unanimously in favor of the increased rates and keeping the lakes open. Coody stated he would like to see all of the parks in the City be self supporting. Linebaugh explained that Staff recommends adopting the ordinance and the proposed fees which are as follows: Daily Fishing Permit Daily Boating Permit Season Boating Permit Season Fishing Permit Lake Sequoyah Boat (stall rental) Current Fees Proposed Fees $1.00 $1.00 $10.00/lake $10.00/lake $40.00/yearly $2.00 (over age $2.00 (over age 65-$1.00) 65-$1.00) $20.00 both lakes (over age 65-$15.00) $20.00 both lakes (over age 65-$15.00) $60.00/yearly The ordinance was read for the first time. Henry, seconded by Green, made a motion to suspend the rules and place the ordinance on its second reading. Upon roll call, the motion was passed 7 to 0. Henry, seconded by Green, made a motion to further suspend the rules and place the ordinance on its third and final reading. Upon roll call, the motion passed 7 to 0. The ordinance was read for the third and final time. Upon roll call, the ordinance passed by a vote of 7 to 0. ORDINANCE 3533 APPEARS ON PAGE BOOR ' PROPERTY ACQUISITION OF ORDINANCE AND RESOLUTION Mayor Vorsanger introduced consideration of a resolution approving the purchase of the KHOG and Systematics properties at a total price of $547,000. February 19, 1991 City Manager Linebaugh stated that staff recommends approving the purchase. The KHOG building is tentatively scheduled to be used for Community Development and Planning, Engineering, Central Supply area, Administrative Services storage, and an employee lounge and concession area. The Systematics building is scheduled to be occupied by the Police Department operations, Municipal Court, and possibly the Prosecutor's Office. The purchase price of these. acquisitions are below the appraised values. There are funds targeted in the 1991budget for the renovation of these buildings. Spivey, seconded by Green made a motion to approve the property acquisition. Linebaugh stated that the acquisition should accommodate the City for many years into the future. He stated that this would give the City an opportunity to consolidate some of its operations, making it more efficient for the citizens to perform business in different areas. Linebaugh stated that this was clearly outlined in the CIP pay-as-you-go fund. Green stated that in previous discussions, there was tkie requirement of a budget adjustment to purchase the property, but it was not mentioned now. Kevin Crosson, Admistrative Services Director, stated that since the purchase price had been renegotiated, there was no longer a need for a budget adjustment. Spivey stated that the City would be getting more building than it actually needs right now, but if the building is not purchased now, in five years down the road, the Board would be sorry they did not purchase the building. Vorsanger agreed and stated especially since the property is located in the same block as City Hall. Henry stated she had been the most negative regarding this purchase. But, after looking at the building, the needs of the City, and the cost of the building, she was in favor of the purchase. Tiny Hamilton asked the Board if there was a price attached to the proposed figure for future remodeling. Vorsanger explained that approximately $310,000 would be available for the remodeling of both buildings from a variety of sources. He stated that $43,000 would have to be spent on the building for asbestos removal, but the price had been decreased by this amount to allow for this removal of asbestos in the floor tiles. Robert Reus, a resident of Fayetteville, stated that he did not really have an opinion of the City purchasing the building rather a concern. He the recognized need for additional space at the { Police Department, but didn't see the Court's need for more space. • • 6 February 19, 1991 He expressed his opinion that the City might be paying more than the buildings are worth. He also asked about the missing air conditioners on the outside of the building. Harold Dahlinger, Building Maintenance Supervisor, stated the air conditioners that had been removed were used strictly with the computer equipment that had been in the Systematics building. The air and heating systems for the building were intact. He further stated that the cost per square foot for the buildings is approximatley $18.00 versus the cost of building new which is about $45.00 per square foot.. Green pointed out that the $18.00 per square foot figure also includes the prices of the land which makes the purchase price even more attractive. • Upon roll call, the motion to approve the purchase passed by a vote of 7 to O. RESOLUTION 30-91 APPEARS ON PAGE OF ORDINANCE AND RESOLUTION BOOK WATER TESTING CONTRACT ' The Mayor introduced consideration of an ordinance waiving competitive bidding and awarding a contract to Dr. Richard Meyer to gather, test, analyze a number of water samples, and prepare a written report(s) setting out the test data and conclusions. City Manager Linebaugh stated that staff recommends awarding the contract to Dr. Meyer ata cost of between $25,000 and $40,000, not to exceed $40,000. The need to waive competitive bidding and awarding this contract is due to the fact that Dr. Meyer's laboratory is one of the few in the area that meets EPA requirements for quality assurance and control, and he has performed this type of work for the City previously. The ordinance was read for the first time. Henry, seconded by Green, made a motion to suspend the rules and place the ordinance on its second reading. Upon roll call, the motion was passed 7 to 0. The ordinance was read for the second time. Coody, seconded by Blackston, made a motion to further suspend the rules and place the ordinance on its third and final reading. Upon roll call, the motion passed 7 to 0. The ordinance was read for the third time. Upon roll call, the ordinance passed by a vote of 7 to 0. ORDINANCE 3534 APPEARS ON PAGE OF ORDINANCE AND RESOLUTION BOOK h{ 3 t1. WARRANTY DEED HUSBAND AND WIFE CONVEYING AS TENANTS BY THE ENTIRETY, JOINTLY OR IN COMMON KNOW ALL MEN BY THESE PRESENTS: That wo, Franklin L. Haney_ and Emeline W. Haney husband and wile, hereinafter called Grantors, for and In considera- tion of the sum of One Dollar ($I.00) and other good and valuable consideration to us In hand pald by The City of Fayetteville, Arkansas hereinafter 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 r County, Stale of Arkansas, to -wit: • =ILED FOR RECORD '91. FEB 22 PIS 3 41 IASHINGTON CO AR A. KOLLMEYER SEE ATTACHED "EXHIBIT A" I certify under penalty of false swearing that at least the legally correct amour of documentary stamps have been placed on this Instrument Signe Address 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 soloed of said land and premises, that the same Is unlncumbered, and that we will forever warrant and defend the title to the Bald lands against all legal claims whatever. And we, the respective Grantors, hereby release and relinquish unto the said Grantee our respective dowerleurtesy and homestead In and to said lands. WITNESS our hands and seals on THIS INSTRUMENT PREPARED BY: Boyd D. Cox Attorney at Law 26 E. Center St. Fayetteville, Ali' "72701 (501) 521-2052 STATE OF TENNESSEE! ea County of . HAMILTON this 21st day of February ACKNOWLEDOMENT On this the L y of _ Fcbr� r , 19 91 , before me, a Franklin L. Haney_ and . Emeline W. Haney known to me (or satisfactorily proven) to be the persons whose names are SubecrIbed acknowledged that they had executed the same for the purposes therein set forth. In witness whereof I hereunto set my hand and official My Commission Expires July 28, 1993 caeXerri Ty Publlo IBI 14Q3Ptilr4nA notary public, J to the to gg to2z. (Seal) (Seal) (seal) -I4:.. mored •.dA i 4 nd;,. 444 •fapaaaag O3IU0-X3 Pett 71a00 • • 6r ;WAIT — situ 'r lmo3 ppm ;o pas aq; paxws pint putty Am las olunaiaq aerq 1 '3OHSHHM SSHNJ.!M NI OF^. —a8e le_.;ooH paoaag. w •uoaaaylj'aleapliarciputs> ua awoas aq; twitpapier Amp Mottst auras aq; pus ' W — laoRo ltt —6I O V 1 ;o Asp aq; uo aay;o Atu pmoaai ^ 401 pang sem Sapp" jo luamnUlsur 8uloSaao; pus paxauue aq; law A;!lna Aganaq op 'pissamje Alunoa aql ao; aapioaag opyJc -x3 pus pap linaail � Z� Ls; rt • zip D UWO u. WWU > �Z Como • Qut)- Q~ ZZ? 0I-° vi F Qrioaaa aI0 ZLVOIALBaao •SS ;o Aluno3 SVSNV)INV ao aixiS NOTE: A wise man will have his deed recorded • "EXHIBIT A" KHOG BUILDING A part of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty-one (31) of the Original Town Plat to the City of Fayetteville, more particularly described as commencing at the Northeast corner of said Lot. Number One (1), and continuing thence N 89-50-20 W 77,36 feet to the point of beginning, said point being an "X" set in concrete at. the intersection of the extension of the centerline of a dividing wall between the upper levels of the Khog and Woolworth Buildings, and the North boundary of said Lot No. 1; thence continuing to and along the center of said wall S 00-35-30 W 144.31 feesto the intersection of said wall centerline and the exterior face of Khog's south wall; thence N 89-27-38 W 0,60 feet to the exterior face of Woolworth's West wall; thence continuing along and beyond the face of said wall S 00-32-22 W 28.72 feet to an "X" set in concrete located 3.96 feet south of the south wall of Woolworth building and 42.80 feet north of the south boundary of said lot No, 4; thence N 89-52-57 W 15.00 feet to an "X" set in concrete; thence N 00-32-22 E 43.33 feet to the exterior face of the south wall of the City of Fayettevtlle's Administration Building, thence continuing with said wall face 5 89-32-36 E 1.32 feet and N 00-08-22 E 129.91 feet to a point on the North boundary of said lot number one, said point being an "X" set in concrete located 2.70 feet north of the exterior face of the Khog's North wall; thence. S 89-50-20 E 14.35 feet to the point of beginning, containing 2116 square feet, more or less. SYSTEMATICS BUILDING A part of Lot Numbered 4 in Block numbered 31 of the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat thereof, being more particularly described .as follows, to -wit: Beginning at. the Southwest corner of said Lot Numbered 4, and running thence North 30.8 feet; thence Eastto the East line of said Lot numbered 4, thence South to the Southeast corner of said Lot. numbered 4; thence West to the point of beginning. ALSO Lots Town upon numbered 5 and 6, in Block 31 of the Original (now City) of Fayetteville, Arkansas as designated the recorded plat of said Addition. LIM 140311GE935 ppm • FILED FOR RECORD '91 FEB. 22 PI9 3 91 PARTIAL RELEASASHINGTON CO AR A.KOLI EYER KNOW ALL MEN BY THESE PRESENTS: FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned does hereby release and discharge the lien created by a certain Mortgage which is recorded in Record Book 1386 at Page 922-924/insofar as said Mortgage encumbers the following property in Washington County, Arkansas, to wit: trots--- STATE . TRACT TWO (2): (104 W. Rock) A -part-Of-Lot Numb red'4 in"Block numbered 31 -of -the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat thereof, being more particularly described as follows, to wit: Beginning at the Southwest corner of said Lot Numbered 4,,and running thence North 30.8 feet; thence East to the East line of said Lot numbered 4, thence South to the Southeast corner of said Lot numbered 4; thence West to the point of beginning. ,_ALSO Lots numbered 5 and 6, in Block 31 of the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat of said Addition. The release does not include nor affect the lien upon any property encumbered by the aforesaid Correction Mortgage except the property specifically described herein. 6,;.! "1'r:-11 --^,;;-4,r1n ,l WITNESS my hand and seal this STATE OF TENNESSEE COUNTY OF HAMILTON BE'IT REMEMBERED that on this day came before the undersigned, a Notary Public, duly commissioned and acting,'ithin:,; and for the aforementioned County and State, Fletcher Bright, well known to me (or satisfactorily proven), and -stated that,he" ,.ed had executed the foregoing Partial Release for the purposes ands considerations thereinmentionedand set forth. ye day of Dec her Bright ACKNOWLEDGMENT 1990. =.i 4 WITNESS MY HAND AND SEAL as such Notary Public day of December, 1990. My cgmmissi n Expires: �� /99'3 ary Public ; r4411 ' UIBE51403rAcE933 • r • • F1LED FGR RECORD nal FEB 22 QFl 'i0 WASRiNGTOR YR PARTIAL RELEASE A•KDLLMEER KNOWN ALL MEN BY THESE PRESENTS: FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned does hereby release and discharge the lien created by a certain Mortgage which is recorded in Record Book 132514t Page 705 insofar as said Mortgage encumbers the following property in Washington County, Arkansas, to wit: KHOG BUILDING A part of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty-one (31) of the Original Town Plat to the City of Fayetteville, more particularly described as commencing at the Northeast corner of said Lot Number One (1), and continuing thence N 89-50-20 W 77.36 feet to the point of beginning, said point being an "X" set in concrete at the intersection of the extension of the centerline of a dividing wall between the upper levels of the Khog and Woolworth Buildings, and the North boundary of said Lot No. 1; thence continuing to and along the center of said wall S 00-35-30 W 144.31 feet to the intersection of said wall centerline and the exterior face of Khog's south wall; thence N 89-27-38 W 0.60 feet to the exterior face of Woolworth's West wall; thence continuing along and beyond the face of said wall S 00-32-22 W 28.72 feet to an "X" set in concrete located 3.96 feet south of the south wall of Woolworth building and 42.80 feet north of the south boundary of said lot No. 4; thence N 89-52-57 W 15.00 feet to an "X" set in concrete; thence N 00-32-22 E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's' Administration Building, thence continuing with said wall face S 89-32-36 E 1.32 feet and N 00-08-22 E 129.91 feet to a point on the North boundary of said lot number one, said point being an "X"' set in concrete located 2.70 feet north of the exterior face of the Khog's North wall; thence S 89-50-20 E 14.35 feet to the point of beginning, containing 2116 square feet, more or less. SYSTEMATICS BUILDING A part of Lot Numbered 4 in Block numbered 31 of the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat thereof, being more particularly described as follows, to -wit: Beginning at the Southwest corner of said Lot Numbered 4, and running thence North 30.8 feet; thence East to the East line of said Lot numbered 4, thence South to the Southeast corner of said Lot numbered 4; thence West to the point of beginning. ALSO Lots numbered 5 and 6, in Block 31 of the Original Town (now City) of Fayetteville, Arkansas as designated upon the recorded plat of said Addition. uBEa1403phGK931 • This release does not include nor affect the lien upon any property encumbered by the aforesaid Correction Mortgage except the property specifically described herein. WITNESS my hand and seal this ,./sr day o, £bgu�+cy . 1991. Doug Douglas, Trustee ACKNOWLEDGMENT STATE OF ARKANSAS COUNTY OF WASHINGTON BE IT REMEMBERED that on this day came before the undersigned, a Notary Public, duly commissioned and acting within and for the aforementioned County and State, Doug Douglas, Trustee, well known to me (or satisfactorily proven), and stated that he had executed the foregoning Partial Release for the purposes and considerations therein mentioned and set forth. 1/WITNESS MY HAND AND SEAL as J.�..Y,�sv�beH , 1991. such Notary Public this 0,2/ day of Sale etati,sta 2N Notary Pu is MIR 1403 PAGE 932 1. �3 • 2Nd FLOOR EXTERIOR WALL 0.35 EAST OF PROPERTY LINE 2nd FL00R EXTERIOR.WALL 0.38' WEST OF PROPERTY LIRE R i L' A ui' J d ,s 0 Ity0' yht 01 3 x • yF /1' ✓.i ,1.8 C 25 5. P9 • S 89°52'57" E 155.85' .0,0 • tec*ss�rG co 1/v 4-- 4.6' COKC. VALK UNDER OVERHANG tst i��0. E�`E# y • • b 165.2' 0)6 ORS "s l G 9 oit .sit l S' OVKPHAO55.3' 6.0' CORC. VALK UNDER OVERHARO SVC LOT 6 ALA 31 • • 1 •I I Ind FLOOR EXTERIOR WALL c I\ I`\ yO tst i1001< ETTE{tlOa �E � ,� � 0 — — — J 1\' •_y t 1 4? 4.' N 89°54'23" W 155.00' ROCK AVE. • LEGE • • 'x 1 • • • • 2nd FLOOR EXTERIOR BALL 0.43' REST OF PROPERTY LINE • F0 y G O ..7 • • ino FLOOR EXTERIOR SALL 0,57' REST OF PROPERTY LIRE I • • • EXTERIOR WALL EXTERIOR WALL INE QNC RE TE 1. s - 1604 SURVEY DESCRIPTION A PART OF LOT NUMBER FOUR (4), AND ALL OF LOT NUMBERS FIVE (51 AND SIX 161 OF BLOCK NUMBER THIRTY-ONE (311 OF THE ORIGINAL TOWN PIAT TO THE CITY OF FAYETTEVILLE, MORE PARTICULARLY DESCRIBED AS BEGINNING AT THE SOUTHEAST CORNER OF SAID BLOCK NUMBER THIRTY-ONE (311, SAID POINT OF BEGINNING BEING AN "X" SET IN CONCRETE; THENCE N 89-54-23 W 155.00 FEET TO A POINT AT THE SOUTHWEST CORNER OF SAID LOT NUMBER SIX; THENCE N 00-08-22 E 139.74 FEET TO A POINT 30.80 FEET NORTH OF THE SOUTHERN BOUNDARY OF SAID LOT NUMBER 4; SAID POINT BEING AN "X" SET IN CONCRETE ON THE SOUTH BOUNDARY OF A 12' DEEDED ALLEY; THENCE S 89-52-57 E 155.85 FEET TO A POINT ON THE EASTERN BOUNDARY OF SAID LOT NUMBER 4; SAID POINT BEING AN "X" SET IN CONCRETE 30.80 FEET NORTH OF THE SOUTHERN BOUNDARY OF LOT NUMBER 4; THENCE S 00-29-14 W 139.68 FEET TO THE POINT OF BEGINNING, CONTAINING 10,540 SQUARE FEET, MORE OR LESS. PUO?ESSIONAL INGINEERS SURVEYING SPECIAtISIS 205 W Center • (501) 443-4724 1 CERTIFICATION _n r m 0 r. rn m C) 0 0 This Is to certify that I have this day coa- pleted a survey as shown hereon. Apparent encroachments revealed by the survey ace shown on the Plat of Survey. MELVIN L. MILHOLLAND, R.L.S. Arkansas Registration No. 648 MILHOLLAND COMPANY Engineering 6 Surveying ES7 "PART OF BLOCK 31 — ORIGINAL TOWN PLAT PLAT OF SURVEY FOR CITY OF FAYETTEVILLE SCALE: 1" = 20' DATE: DEC. 1990 APPROVED BY DRAWN BY JTS CLIENT: CITY OF FAYETTEVILLE 1 DEED: BOOK 1139, PAGE 276 DRAWING NUYBER R - 1A04 0 0 U w o_ Cr: •- 0 w -J la '--1 =- CD 0 '-4 E 0 to r lv RAU -- P \0 4' ev 00. X10`/ EXTERIOR WALL O4- CITY ADMIN. BLDG 44 +ate taps AI `' O C 5 G Y . � _0_ ( MOUNTAIN ST. ,- —CONC. WALK r- c 8 G J,14,35 ;- S 89 50'20" B BRICK LATICE I KHOC BLDG (SEE DETAIL) j PROPERTY LINK -- oO0 1.91°. csiti moi 7. .to k1 tfr lG- O� S 89 32'36" E 1.32' CO 0 0 0 z • 0 0 0 1, PURLIC. 0 -o- "X" 41 I 10' OVERHANG ,77.36' 1• X 1' COLu"N • I' 1 Oft LEGEND 15.00 WALL- WOOLWORTH BLDG WALL- KHOG BLDG WALL- CITY ADMIN. BLDG PROPERTY LINE OVERHANG POWER POLE WATER METER STREET LIGHT FIRE HYDRANT "X" SET IN CONCRETE 4_.. INTERIOR WALL WOOLWORTH BLDG -P IPFPTY LINE 0 B 89 27'70' F . 0.60' 21.80' - 3.9' 1 51.5• 41.46%.25 pl'0 5 EPl JGQ' E,\. Iv 40 Es GE E LOG 9 wOO�wO�t f 60'5 PRUPPRT'i LIN! - 40' 0" S ldLJ It LOWER LEVEL ENTRANCE 1.00' • loCI op a E01 4�F,g. / 0p'C JOO -f STAINS TO UPPER LEVEL • N 89 52'57" W 78.25' SEC LOT 4 BLK 31 • CERTIFICATION • Ir This is to certify that I have this d shown hereon. Apparent encroachments ' shown on the Plat of Survey. MELVIN L. MILNOLLAND, Arkansas Registration MILHOLLAND COMPANY R.L.S. No. 648 • X U 0 al ♦Vi Yt Qa°a �:� _L. 0♦.00 *VVLV -'ii PROPERTY LINE S-1602 - 4H06 BUILDING; SURVEY DESCRIPTION A PART OF LOT NUMBERS 1, 22, 3, AND 4 OF BLOCV NUMBER THIRTY-ONE (311 CF THE ORIGINAL TOWN PLAT TO THE CITY OF FAYETTEVILLE, MORE PARTICULARLY DESCRIBED AS COMMENCING AT THE NORTHEAST CORNER OF SAID LOT NUMBER ONE (I1, AND CONTINUING THENCE N 89-50-20 4 77.36 FEET TO THE POINT OF BEGINNING, SAID POINT BEING AN '1• SET IN CONCRETE AT THE INTERSECTION OF THE EXTENSION OF THE CENTERLINE OF A DIViDII:G WALL BETWEEN THE UPPER LEVELS Of THE KHO6 AND IOOLWORTH 9UILDIW'-S, AND THE NDki' 6OU11DARY OF SAID LOT fl.. I; THENCE CONTINUING TO AND AL01NG THE CENTER OF SAID WALL S 06-35-30 W 144.31 FEET TO THE INTERSECTION OF SAID WALL CENTERLINE AND THE EXTERIOR FACE OF HOG'S SOUTH WALL; THENCE N 83-27-33 N 0.60 FEET TO THE EXTERIOR FACE OF WOOLWORTH'S WEST WALL; THENCE CONTINUING ALONG AND BEYO110 THE FACE OF SAID WALL S 00-32-22 W 28.72 FEET TO AN '1' SET ill CONCRETE LOCATED 3.'35 FEET SOUTH OF THE SOUTH WALL OF WOOLWORTH BUILDING AND 42.60 FEET NCPTH OF THE SOUTH BOUNDARY OF SAID LOT No. 4; THENCE N 89-52-57 W 15.00 FEET TO AN 1• SET IN CONCRETE; THENCE N 00-32-27 E 43.13 FEET iO THE EXTERIOR FACE OF THE SOUTH WALL OF THE CITY OF FAYETTEVILLE'S ADMINISTRATION BUILDING; THENCE CONTINUING WITH SAID WALL FACE 5 89-32-3E E 1.32 FEET AND N 00-08-22 E 129.91 FEET TO A POINT ON THE NORTH BOUNDARY OF SAID LOT NUMBER ONE, SAID P01NT BEING AN 'ISET IN CONCRETE LOCATED 2.70 FEET NORTH OF THE EXTERIOR FACE OF THE IHO6'S NORTH WALL; THENCE S 8X-50-20 E 14.35 FEET TO THE POINT OF BEGINNING, CONTAINING 2116 SQUARE FEET, MORE OR LESS. Iz-Led a survey a!; I- the survey are PROF ISS1ONAt. INGINEIRS SURVfYIN G SPECIALISTS V �y OQ Qr tiW ip LYTERIOR CITY ADMIN. BLDG 33 L- L J J� aQ�L� .. 3 :, INTERIOR WALL- KHOG BLDG tv RTC( END-KH^-a rLu, S-1603 - WOOLWORTH BUILDING: SURVEY DESCRIPTION .QAsO V-� FACIE OF WOOLWORTH O\S 3.6' FROM NONTH HOIINDANY LOT I INTERIOR WALL - WOOLWORTH BLDG BLtic V00y40%SV <—. PROPERTY LINE A PART OF LOT NUMBERS I, 2, 3, AND 4 OF BLOCK NUMBER THIRTY-ONE (311 OF THE ORIGINAL TOWN PLAT TO THE CITY OF FAYETTEVILLE, MORE PARTICULARLY DESCRIBED AS BEGINNING AT THE NORTHEAST CORNER OF SAID LOT NUMBER ONE, SAID POINT OF BEGINNING BEING AN '1' SET iN CONCRETE; THENCE S 00-29-14 N 172.96 FEET TO A POINT ON THE EASTERN BDUNDA.'v C' ?'O LOT 4; SAID POINT BEING AN 'I• SET IN CONCRETE LOCATED N £O-29-14 E 42.30 FELT FROM THE SOUTHEAST CORNER OF SAID LOT 4; THENCE N 89-52-57 N 78.25 FEET TO A POINT 42.80 FEET NORTH OF THE SOUTHERN BOUNDARY OF SAID LOT 4; SAID POINT BEING AN •t• SET IN CONCRETE; THENCE N 00-32-22 E 28.72 FEET TO THE INTERSECTION OF THE EXTERIOR OF WOOLWORTH'S WEST WALL AND HOG'S SOUTH WALL; THENCE S 83-27-38 E 0.63 FEET TO THE CENTER OF THE DIVIDING WALL BETWEEN THE UPPER LEVELS OF SAID WOOLWORTH AND KHOG BUILDINGS; THENCE CONTINUING ALONG THE CENTER OF SAID WALL 11 00-35-30 E 144.31 FEET TO A FOiNT ON THE NORTH BOUNDARY Of SAID LOT NUMBER ONE, SAID POINT BEING All 'X' SET iN CONCRETE LOCATED 3,60 FEET NORTH OF THE FACE OF THE WOOLWORTH BUILDING; THENCE S 89-50-20 E . 77.36 FEET TO THE POINT OF BEGINNING, CONTAINING 13,426 SQUARE FEET, MORE OR LESS. r3- we • "PART BLOCK 31 - ORIGINAL TOWN PLAT" PLAT OF SURVEY FOR CITY OF FAYETTEVILLE SCALE 1" = 20' APPROVED BY DRAWN BY .YTS DATE: DEC 1990 S - .1602: KHOG BLDG -- CITY OF FAYETTEVILLE S - 1603: WOOLWORTH BLOC; -- BOYD COX 205 W Center • (501) 443 4 24 I DRAWING NUMBER r 1l'n't. r 1l" �" ,ter. ��QQ' D E R " -` PfitU1RJ Il�lltt H '• `" City of Fayetteville, Arkansas {� CITY'OF FAYETTEVILLE, ARKANSAS DEPT 6L:35 BUILDING C('.)S1S BERT RAKES VENDOR NO. - 5090 BUILDING COSWS DATE ACCOUNT NUMBER I GREER ABSTRACT 0211 i i 91 432-9 Z2-5--B04.O0 DELIVERY 70 NORTH COLLEGE SUITE I DATE NEEDED VIA FAYETTEVILLE AR 72701 I I I I ❑NO SUPPLIER IN ARKANSAS CONFIRMATION - DO NOT DUPLICATE IF CHECKED ❑ QUANTITY UNIT MEAS DESCRIPTION UNIT PRICE AMOUNT 100 EA OWNERS TITLE INSURANCE FOR 250100 280.00 $85,000.00 CLOSING W/CLOSING STATEMENTS &.AFFIDAVITS, AND OWNERSHIP TRANSFER DOCUMENTS FOR THE CITY PURCHASE OF PROPERTY KNOWN AS K -HOG. 1.00 EA SHIP TO: OWNERS. TITLE INSURANCE FOR i,210J00 ].,210.00 • $530,000.00 FOR PROPERTY KNOWN AS SYSTEMATICS.' CITY WILL FURNISH CERTIFIED. SURVEY FOR LEGAL DESCRIPTIONS, GRANTEE TO BE "CITY OF • FAYETTEVILLE, ARKANSAS, A MUNICIPAL CORPORATION" GRANTOR -FRANKLIN L.a HANEY & EMELINE WaI HANEY,H/W. SELLER TAX NOa — 620 891 65$. SEE ATTACHED 0 &A. PER CARL. GRIMES QUOTE OF ii --21-90 REISSUE CREDIT TO BE DEDUCTED.. • zz 2/ zzzf/ Pd 3-"a39 CITY ADMINISTRATION BUILDING PAGE I. TOTAL ].,490.00 INSPECTION DEPARTMENT P.O. SUBTOTAL. i,490.00 113 WEST MOUNTAIN TAX AMOUNT FAYETTEVILLE AR 72701 P.U. TOTAL.. 1,490.00 1. Send Itemized Invoice In duplicate to: Accounts Payable City of Fayetteville 113 Watt Mountain Fayetteville, AR 72701 2. Mark all packages as shown in rectangle above. All orders. must be accompanied by a packing slip, quantity shipped and P.O. number. TERMS AND CONDITIONS NOT OTHERWISE SPECIFIED CONTROL NO. 10778 TERMS AND CONDITIONS 3. No substitutions without prior approval. 6. F-O.B. Fayetteville unless otherwise agreed upon. No extra for packing and delivery will be allowed. 4. Discounts effective to 10th of following month. I 7. NO C.O.D. ORDERS 5. Orders must be shipped in full unless otherwise. notified. 8. Pre -pay freight and add to invoice. Ship to 113 W. Mountain St., Rear Entrance, unless otherwise specified. RCHASING AGENT DEPARTMENT COPY o):JOTO <.. AcCOUNTNUMBER 520001 :10000 GRI::.ER ABS: I"RALT AMOUNT DATE REFERENCE INVOICE AMOUNT 1.1490,00 02:13 :1.0074 :1,490,00 02/25/91 CITY OF FAYETTEVILLE, FAYETTEVILLE, AR .. - - -- ..... --- ......- - -- .._.. __- --------- - ....._ _:_ .......- • ' THIS CHECK MUST BE PRESENTED WITHIN 60 DAYS FROM DATE BANK:OF FAYETTEVILLE . FAYErMVUE. ARKANW _ - CITY OF FAYETTEVILLE Bt4st FAYETTEVILLE, AR azs SALES TAX CONSTRUCTION FUND #452 CASH CODE #4452 PAY EXACTLY* *****1490**DOLLARS**00**CENTS PAY TO THE ORDER OF DATE NET AMOUNT :1,490100 $:1.490,00 No.000239 NET AMOUNT GREER ABSTRACT 2/25/91 $1490:00 70 NORTH COLLEGE SUITE 1 FAYETTEVILLE AR 72701r " I P7 I j.' 11'000 23q" cos 2o LE, i 9i: ?000?38 38 hn' . �c G�Fi ✓ED Y _ J-4re .' - - - - -- r ti TrZP*t�.e v n �,.. ?.. ey hLTA uas Own Own orsPali s i i?n Policy of Title Insurance 11 issued By IQ to -009730 TRWTetle Insurance Company SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, TRW TITLE INSURANCE COMPANY, a Kansas 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, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect. in or lien or encumbrance on the title; 3. Unmarketabiility of the title; 4: Lack of a right of access to and from the land. • The Company will also pay the costs, attorneysfees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. TRW Title Insurance Company 4 i g.10 I/�.(� ' f FYI ' • • i'I —'- ^'V � v /��/Q' • �!. President ` ATTEST Secretary Authorized Officer o Agent - 216-90 , Rev10/90 " -- 'R - --= r . V - "'--ay. ap-.�^S . ... =.may. . .cu CONDITIONS AND STIPULATIONS (continued from inside back cover) sue, compromise or settle in the name of the insured claimant and to use the name of the insured claimant in any transaction or litigation involving these rights or remedies. It a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to these rights and remedies in the propor- tion which the Company's payment bears to the whole amount of the loss. If loss should result from any act of the insured claim- ant, as stated above, that act shall not wid this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against by this policy which shall exceed the amount, if any, lost to the Company by reason of the impairment by the insured claimant of the Company's right of subrogation. (b) The Company's Rights Against Non -Insured Obligors. The Company's right of subrogation against non- insured obligors shall exist and shall include, without limitation, the rights of the insured to indemnities, guaran- ties, other policies of insurance or bonds, notwithstanding any terms or conditions contained in those instruments which provide for subrogation rights by reason of this policy. 14. ARBITRATION. Unless prohibited by applicable law, either the Com- pany of the insured may demand arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbi- tration Association. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obliga- tion. All arbitrable matterswhen the Amount of Insurance is $1,000,000 or less shall be arbitrated at the option of either the Company or the insured. All arbitrable matters when the Amount of Insurance is in excess of $1,000,000 shall be arbitrated only when agreed to by both the Com- pany and the insured. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the insured, the Rules in effect at Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of the state in which the land is located permit a court to award attorneysfees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction thereof. The law of the situs of the land shall apply to an arbi- tration under the Title Insurance Arbitration Rules. A copy of the Rules may be obtained from the Com- pany upon request. 15. LIABILITY LIMITED TO THIS POLICY; - POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, if any, attached hereto by the Company is the entire policy POLICY OF TITLE INSURANCE and contract between the insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest covered hereby or by any action asserting such claim, shall be restricted to this policy. (c) No amendment of or endorsement to this policy can be made except by writing endorsed hereon or at- tached hereto signed by either the President, a Vice Presi- dent, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision and all other pro- visions shall remain in full force and effect. 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement in writing required to be furnished the Com- pany shall include the number of this policy and shall be addressed to the Company at 6800 College Blvd., Suite 700, Overland Park, Kansas 66211. TRW Title Insurance Company 6800 College Blvd., Suite 700. Overland Park. Kansas 66211 Area Code 913 491-5585 ],6 : .. 9. Type of Loan a Re Numbs 7. Loan Number t Mortgepe nwr rtoe Ceee Mlmber 1. O FHA 2' ❑ FmHA 3. ❑ Conv, Unins. 4. O VA fi ❑ Conv, Ins. I 910074 C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement age) are shown Items marked "(p.o,a.}" were paid outkide the closing; they are shown here for informational purposes an are not included in the totals. D.rlM : OF BORACWCn• CITY OF FAYETTEVII LF. ACCRES% OF DCR1T0 hER SELLER 1 S51414-66-9985 E NAME OFSELLEW FR .SKI IN I., H ;EY r2;) E?"I.ISZ W. II m4EY, ii:;SD kSD WIFE ADDRESS OFSEUER: 605 CHESTNUT ST., CHESTNUT TOWER SUITE 200, CHATTAN00GA, TENNESEE 31450 . •\.. f.N'Vf M1\. .. ....• ..:, F. NAME OF LENDER :.....„(,. ADDRESS OF LENDER •. G. PROPERTY LOCATION: h SiT EME•F'TAGENT GI'EFR ',BSTRACT 6 TITLE. C'.IPA%Y PLACE CI SLTSE4r;t 70 N c&LE E S:IIIt 1, Flr`ePTE ILLS, &l 727C1 I L SETTLEMENT DATE: February 22, 1991 .1 SUMMARY OF 009F1O'INFR'S TRANSACTION 1K SUMMARY OF SE! LFR'S TRANSACTION GROSS AMCUNI C. C Fi13M D..R1)OWi R. 4 0158 70 .0AunuVI DIE TO SEISEll ¶01. G, �/ o{ihadaels price 54/, OW, 00 401, Contractsole price 47, ".00 102 Personal properly 402. Personal property 109 8sttlenletti charpee tb boncwv r (front /tte 14001. 1, 211.40 , 404 105 405 ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE ADJUSTMENTS FOR ITEMS PAID BY BEIER IN ADVANCE: 106. Chy\Town taxes to 406. Chy\Town taxes to 107. County taxes to _ 407. Count' taxes to $, 'Tt08. Asseecments to 400. Meeesmenti to tog. OFF ST INK DIST TX 1100 AND IODA 2,353.30 4°.W ST ITPR DI ST TX #100 AND 100A 2,353.30 110. 410. 111. 411. .112 412 120. GROSS AMOUNT DUE FROM 80RROWER: » 550, 564.70 420. GROSS AMOl1M• DUE TO SELLER: (,•xgs. 549353, 30 v,•••... •ROSS A ..T-,,, _-E FROM BORR-,,,,-,•-,-,-,__ -4, 70,. 420. G•• O• ,•.v ,-,•.TTY-,••.---........4....../,• • 200, AMOUNTS PAiD BY OR IN BEHALF OF BORRI]VJER: 500. REDUCTIONS IN AMOUM DUE lt7 201. Deposit or earnest money 3,000. 00 501 Excess deposfl(ses mstrucNons) 3,000.90 202 Pdndpea amount of new Ioan(s} 502 Settlement chstgee to eeNsr{pne, ll00) ::, .., 61,958.94 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to „, r tD4. NO DIG 'TO'CITY' F(4 REVENUE 5TANP5, 1,203 40 504. Payoff of I1rsttnatgageloan . ,>.. 205 505. Payoff of second mortgage loan Doug W. Doug l a 54, 700.00 a Y 508 , ,. .. , ". ;. ♦ .. ..... ..,♦ .0. a 4 2Q6 ..., nz <;.,. ; n: 207. .,y, v , •.): fi I.yC GW ♦ ... ., f. L.\ 209. 509, AOhSTMENTSFOR ITEMS UNPAID BYSELLER: ADJUSTMENTS FOR ITEMS UNPAID BY BELLEFt 210 Ciy\Town texas ... To 510 Ciy\Town texas ,.... v to.,,._.. , ,•. n ^^> �•- , .. 21i,Counytaxes 01/01 to "02/22/91 1,487:46 511; County taxes.;-. 01/01 to -02/22/91 s'483.66; 212. Assossrronts to 512. Assessmcnts ..,. to .. ,(. <, l 213.REIHBURSEIENT FOR ASBESTOS REMOVAL 1,400.00 513.REIMBURSENENT FOR ASBESTOS.REMOVAZ `e400,00 514. , M . v„„- \ y,-„ 214. „„ ,. ,,( , ( ( .w..�, .(,, ri ..:.> •,• > , :' • �, ra <.::< ,1 � ,lfe ,q4♦ , t,fFt ,a ( �.r f'e 515.°D. 5 v. .� 5 `:> X1.5. I .. . !IC ... 5IO E17. 517 I HS. 5111. ,. ,...,OM1 Ste. f t19• Sao. TOTAL rn TOTAL PAID ' nc REDUCTIONS .� ... 1 2.60 ICC CAEIII AT BORROWER: Il TORNr noM`Ta P.ORROWF.N: . Sn . 70 am Cpc 1Am ila duo e,1O\PIIOM rELLER: „ 549, 3a .. i > 7 CS?. 8, 54 M_ If .. a.T 101 Gross amount due from borrower (line ,:ti) 0, E4C3 ( 3' 30 7 347. 06 _ 5 128 542.60 02 Les&om9utttpetd bY≥ fot bart6N ti[i(6r a Y70) I Loss l (ll i TO) r, In amo.:-it ei roi I r I. it .. ) , . Less 1..4 Io.n:t 103. CASH( ® FROM) (DTO) BORROWER. » 543,477.64 • P03 ([3 FROM) sPurt>> 420, 810.70 rA%PAYER IDENTIFlGTION NUMBER SOLJaTAION: SELLER f riA .. �'l n TW i con oct ta�ays Idenufledonwmbet, you maybe (w se reyutad by levy to provide aeMMOrIl e�n1 va your correct fespeyOr' unaAcatlon"Il imbs. syw do n e p tubled to ow Or slnttet penaNea Lnpoeed by lave Mds penelde, or psury, I csary that id/the number ,ho vm on mN stetsnentt S my correct �+ays rdonffcetlon numbs. "Y Zf.-,.�.t.,,_� . /irM v 0 ' fib_ /!. //.-lT.,._. JTAL SALES\BROKER'S COMMISSION: BASED ON PRIpE,, $ @ a. .a ` PAID FROM PAID FROM __._._.__._.._....._._.—.----____-- BORROWER'S SELLER'S _OIVISIQN OF,COMMISSIQN (LIO 7_D01,AS FOLLS]WS: ---- --- — --- FUNDS FUNDS 702. $ to -- SETTLEMENT SETI1Fh1ENT 702 $ to 2s .. :. .. Tv r 3 [� t.0 „h> },�j p≥A >f4 h ` 4ia r`!]v ((: s [%..f r[, , ♦ "j ,.f v.'^, vS, $w'lviv"Kv v .♦v »r.%v>,:.tivk )LvS .nS�nY, n:(!'w.vlPi: Svvl:: rvtY.,,v M/i.'v..v v`iv>i�'AVW, k�.,.,(A {tn�v♦; 704. _ ----._.._._...__—.__e ._._.—.C-------------.------ — - — — - — — POC-------------- BOO' ITEMS PAYABLE IN CONNECTION WITt1 LOAN..:; , :.,t. naotl�irs5onts `f: -•---•—• t �—• 832 Loan discount Pal. t pp•uc. Ice I) I 004. Credit report &ts. Lender's:rspcctonlea I " 830. MwtgaOe lnsi:: anco ap,^.tte'J:n feet) 837• Aseamp:an fan 808. I 810. -. ..-. - ••••• •. •• _,.. .. .,.p Tl... 1.., M: nY tNInP .V/MpotV W. . ,. : ; , ... r..y-:.: r :♦,r. . . . 900''Iti VlBi(EQlilli�d,I�YLF IiI :CO �.P�1.ICHNANMCE:'.4 901. Interest hom : : to @1... \day Mortgage Inaluence premium for Y..._...r.................................._................ moa to Ii'?'SS: 5Yl%Y Y». v:w'"OiK. .3HVtY.. .NY.C Y,S:�%Y 'v 9>w44w:'}.,,xl:Jf i. 'A)%MNY !allM: Ni. 'NR ). j.'.Yw.Y fM.. i .\!3}R.FyC'F..%HJ. •n«. [n:4 •N'nm..'!rvY . ). l(. .Y:MVC' !'.v::. •n`.Y .. yt:n:'.» , »� ♦n�.. '%[:W.:.. ♦. ..H. i. ,v .'t♦ [ >� FK v ;.„f h4S](( �.�� F) 'f .(>F. `JS n yi�p,'' ''Ff.'CSY`. ! ry J ♦b !. ! Y! a.S r Gf / 9711 FIaYa(1 p.raDaa' mlf,l� (: >J . t Q 3".<t!mJ, rvf `A t Yftn' S< t3 ' Y ! v t".lrvn.anf«.......,Y,. f'.S`. F,n. i$h )`>]$rl'!�"`4"�4 YX.<₹f).n'.i>/to)�ri{..Y.�r()v.tY:()W.t)♦tf„Gry k. Yt�v)A₹`'r Yln !$f /�)pii.,«rt$:, f, \:li S�♦! _J Y� p e a4 i n.'n .. na.nf ,i S. r W%4. A<h Y>,mJn 1�m f.r A.♦J (.. At(vr 2: n�.v >.... v. !. S eft( 1... hPY%t♦nNnf v. gnW.w§{ixKva( .Z 004. Flood Insurance Premium for yrs. to 805. .. ..' ADOD. RESSPAMS AEPOSrrED WITH I.ENOEW, kj" ;+ ' '', fo 100t. Hozardtnsurande . months @ $ , par month r ' 1D Mortgage Insurance months © P month $ '[�'!)fV"♦'Z f(�Y♦Y.par t�,!! t% )Y J.,%�Yi wfM'n!l, i.»tV.Y :Y14>kC > `) � [rf\f f `. h i!t .. Y ) , M:: .♦.['..Q r 1. ,..:..! 4)T( ivroi !«i:.%r.FY.q♦ nN nl... ,. , � ..( : ..,. ,. .. .. .' ... .r. :.. nn nrYv:"p (.0 l;.C' :t:SS l3< vEvYY YH .i. ll 1003. County property taxes months @ $ month ]y�♦[/*, yYStY�•f,_t 1:.T (^nl ) ftYat n )in t tn) {yC 4w V r vRYr P ♦/ »4tYN ♦!¢ f w ! ♦ , ! ♦ « y QQV'F,11kIRMW .! Y .uCt/i , y Flvn{ H YF. ]Y• .) �](� > S t v Jf >C. .%S 3( ` n..) t < f -.n ! \ ,. f,ir[J: V./V .. ( tHYY VY ♦v ` e,BaeeshleRta.. a ♦ S) ( ikf i.p f < /! f amhe ?'Y W "r> f Y 4) / l {$!'..psi m )fir" f ..>_f. fi ):, .�> F t $ ^C 3•f .., ..(. `.♦!.n ..,:. .. .. ... n.. ;>fx, hY l..a:x [ <,.,:.... ..t."x .['• .. ) '1 �,` ., •; 'f , l,,. .!,,.., ,....f. 1006. Flood Insurance months @ $ per month /k/5 t•k •/.a ` fi .a:C rx ,firAYpv it m)..!y .: ;. . nip . �, ): fY,:Yi.S. /, t M nldntlra @6 s ` per month : • 1008. months @ $ per month 1101. Settlement or closing fee to • •r....a ♦!>.. :Y Y.Y • V,f :.f ar. ,e. , ..; YyI. Y. mi V( .W. 3:y. 112. Abstractort4asoarcjto tvMWY 1103. Title examination to ,. ..... , ,.: .a. ., ....., , V..r.. a...... ......,..,.e ...............V R! „!„YY.,)Y x. 1104. Title Insuranoe blnder to 1105. Document preparation to nl,. !) !+ ,V. ., i.. y:r .[ >'!vv._ .. ...:yf:'I_ .Y..t .![..n:. .!> >, ) 'n V `t :.'YY. N 11O&'Notayfees to 1107. Attorney's fees to BOYD COX, ATTORNEY AT LAW 32, 820.00 (Includes above Items Numbers: ) n t! • ! r : v •:<!' N f of:.. -C, )r x.:{nm un,H.:!'H'v^)` C .w..: ( r.e.. 11083 TA Insurance t0 f ^) (Tnciudesabokeftemr Numbers: 1<) 1109. Lender's coverage $ > W , v ) t :C (n n . :in { Y ♦ \S.W <,> ,3p nn ,H)Af, iY[K )N{ )Tb%!♦)<Ys>WYS,Snt? K>« «Y tv SM « MNY 'SM k% Tv. [S\ V \W eYy.�V. / !\ .t. ! Yy,. , 'Y , .Z'f! ) , ) >.i ` ( 15' vF 1{k jZ f₹5,!)r n!A'YS 2,. A 'i ft , 11 V[Y.el]Vl a:�.,,1_aa'!t'.� ��/VWW , > t f; ive. Ji Z $I S./. )Y3 tM\, (('» >vY t :':i�![tJ, )i-:f} ))�SF[,vrf�% >n(if�vF'( ..... .. ...la�.. 'S... t t.... nM -..C]♦ f !J[.SS4 ♦«3 >Yrr>':') Y.. !. vi.<' M Y)...iT.. 1111. TITLE INSURANCE GREER ABSTRACT & TITLE COMPANY 1490.OOB .•/ n" Ylu\ q< "C V •• .._... !r e. •, : .v :..! Y 1< ) Y V: S 1p: eY tH WryV-Vf>y ♦yi) pt.! ilia.i1tRE Tfl5FR FEE >` GREEK ABSTRACT &. TITLE COMPANY ( i.... to::..>.n)n Gw': ..i [`h.::a.F'N:i5'.t. 111 a _. 210. GOVERNMENT R_CORD!NG ANTI TRANSFER CHAfiCES; . _ __ _..._. _._.. — — — — — — — -- -- —5------ V1 l'cc•d.na fm's , Deed $ 8.00 : M �1;ui7e $ ...................................'a%!!.$......16.01 Re --1 8.03 I 16.00 202. City\county tax \ stamps: Deed $ . Mortgage $ .n NV.: V \VY .. ,' ! VHt`.)`Vf, KtK t,V !'l W1` Y,tSIrJ l� /t H.\VS.«JM1 i :YA Y4 t,V/'{ , vii`A„`)9"`Y'S4 ♦ yt\f H Y„[tJ/. M. ! YiM`V 'W✓ .! rI .r V!. T `J 2tis steta}ale;.tamps -is f"1 2A '4D°' t 'Mortgage.$ Ft ,T{r Y M, v ,>..\a � "Y.' n/n.,a e. %('t\A..n f \>..".\ .F 204. LVJ. ♦ ,w. ♦ ♦< `F ) iu1S 'ttl, S,tANp t'' \' 300. AIIOITNJNAL SETTLEMENT 6rIAHGEt ;r s 4r` tI ;I 301. Survey to ' :.. . / ... n W ' .!i Cx ,'k J(fu , " )•.. d! k... a..m %.), >: n`.)%VY%S�/.0 nCeY.tSM. :.♦.v%P 302 Pest Inspection to ..N]M.(.♦..YA.:YIiNYn..V.nV.\♦.f::.:,.::.V.: /.:V.\..:nN:::?1: .: ,,: y... AV •A,♦.fNY: yH:.♦.f .wn..\W.rYa.yM..:4LSP.A\, ,:..:.:.)Ya... �):(M•»(ii'k,�"Ytn...)>'i[.)VrGYV(:.T ^XSJ:VrMi[•(IV�VICS. K'.\\.:( :.w M:/J.tS.. :OW'MYCT:A: y.,. ( , )5rr ilf 3 ) ihf`i, f}fY'$ t< ♦! rYi < . k>n Y Sv+ % >. bi»r a >S OF .:TURD DI fiEf:��y/ 11Y��.Y1Ts( �)�I.. .. � .:1-:r[(.S.YR.. Y5.4.:v3. !fl^.. L.. ....` .\(.... `.. Y $On, i�"/S`' N...vA`'♦ (v.S. ♦x >�>: 1J7�'�f +"Nv �` .r:�!'.R .�.+�' i04.CHG REFERRED FROM BOYD COX DON JOHNSON 5,000. 00 rFy :.V'.,\n'.\\V.i ♦r,'M)V(. WS• YSR\k%`y\tY.\,M)\'.tWA.tV/:S•MYY.ir'%n♦<Yn,W.NYIa\V'n`G})V.)VM♦j\W\v.M`\,' tJt Y ': » \,tN:.h Kt(f.M`K. [ pM.ty'M. '`'.M rtM'.♦Y. Id5i,DEIINSI Effl:f7S.Fgk 8 9;I4ra=Q 4B'sf. 3T1A�tHIN�i ,1111 3 .A5.Up..... P11 1I? s . ;.«t;:fa, ' E,«« `Ir ION. $4 :2i 106. 1990 TX FOR 765-01987 AND 765-01 WASHINGTON COUNTY TX COLLECTOR 76 10,414.13 �K: JY` `Nfs, ♦p f ,p: ftf tm ,H th'aIY OFF,STSINPRt1YEF>EMTADX�vIRlirl`t Y tJ1 N1NTDNYCO>TXftbCLCTORi10i1 110. TOTALS ENT CHARGES (Enter on fine tOi Section J•and-0ne 502 Secton IQ >> 1,211.40 67, 958.94 eve caret u r awed the HL.iocfSettlement Statement and to the best of rny knowiedgs and belief, it is a true and accurate statement of a0 receipts and >buraeme a on ec o or me In this trraansaction. I further certlly that I have received a copy of the H1/JD•1Settleemeentla�atement �/ major 7 —az— seer: cu SYi�y—Fly 7 my by�2( � V _ J OF fAYETTE4ILLE FR�PyHyKtL(/I/JN L�. EY� 6H�J"" - TOWN: Date: P sear:�'/• �&IP /r'• /it % 9' t DYa:4-a'Z— EIIELINE W. HAREM r/ �� I Ia10.16aetemennl/�/)�e/1emsitw{�kl� gepred h e true end eOarero count of p�h tmeectian. ,)Aeve eeueed�JN ,,IIeauw Mande b W dlabursedfi ertiordmavah 1.1sWemen4 ,lament AaenG \ (1,�1X /� Doted— _ f/ 1. RNING: a Is a vine to Imowinay make false stalaments to the United Slates on IMe or any other senor form. Peneaea upon oonnceon can include a Me end enprhonmant For deteee see: lies 10 Ua Code 11on 1001 and section 1010. 1. 5090 Craers Abstrnef ACCOUNT NUMBER I AMOUNT 452-952-5-304.00 $618.08 DATE REFERENCE 2/25 000231 INVOICE AMOUNT DISCOUNT NET AMOUNT AND RETURN $618.08 City purchase of Systematic and KHOG buildings - Error in closing statement CITY OF FAYETTEVILLE, FAYETTEVILLE, AR a as • 1 • a.r—+r______ Z__ is-r.Ta •.a a a fl 1 . a a -a- ..•..iaa- - -aa ■ • V ti!li!•I:'::':IY.:?b !1Y li u;: `iIPLV W.Ii•/% .( .•'. •!ir..�,. :: B:Y4 i:1 L:.PiTTLYll11 CITY OF FAYETTEVILLE �.; .� +• •... ...Y :. •:.•. f ,I• IA�F.'iLLLII�.• I. :Mi., ti }ti•• '.�•rl..................;:r;;: •r�•%No'000L36 ■ • SAL[S TAX CONSTRUCTION FUND 1452 'd:: :,• ',,,.._' ": 1 • "• + ■ CASH CODE 04452 : .. '•..� v� . •- :1 " ",'•rr 1I: °an 's'.S 1J 1 i.r 'fl „ 1a .11.1 .1. . •� IIn !. .. a. t1• d•1 •�. S1 LL/I•� / • 1 • 1'••'i1 Pf.. i•IN9\/1 ni •'P+•.. k,•,Y• 1 ., I+aI L.11� y:10 i • . i. 1•• • r.r�.•.'I •!!_..• • i�'Ii 1/1�1�� 11 ■ S. .. •�' fl. fRON u.' 1. i i,,'.a'1 '• i •ui. 11 !IE Id.•e I 11�I • • ..11. ... Ir, 4S • :e . s:.... •+:.4 a Ph •11M , r:.Y :II I •l is • • • , • Y..,I_•. yet IL1Tr • '•;; ;:, hCT AN6UN yf•Z� 111?IIII n, . :. l.. • ,.d I,7 liY•�i I. •1;1,,2 2S 91 ..' 618.08 I+'• Grl 1 r i .....ILra�.L I 1 Ila •.F $ , I • 70 Nurl i Cal < < I rr 4+:,<.a.. yw «c' .: ,. 1 •1 • '11 ' it: ' l'1 • . • • - !• iL"'I�i auu e. � . ANN t1 ,. .,• , 1 �,}y..�a +l!1W'M. .! Ii. POTI 1 �. 111, .� 111••IJi1.r /y�Ffaa' .•� Ci!i'oCCI':V1111! :1.( 72701 11!} 1+ goo, �i .I.:. /LI?.1 lI r�J.a • ...•NIL LlP 1l ' • 1. U. 1 •�f I, Fry v1I • u�• •',1.• .1. ' .1' ••e,.Il. .�`1�i 1•.a. 1 1. i . ..• .. JI .. �'.' . * i..l i000 I' 36II 008 290 i6 i91: 7000736 i11'' =" • r.a.Lr.: v • -. —C .a.a aa... ..i_II rr— T aa- a•JJ.iir Nr•a• ^ .a+ - --- • zR•a:----•—•a•�� I •... n t iJ ♦s J - En ≥i - a4il� - 000231 5090 �Greers Abstract ACCOUNT NUMBER I AMOUNT DATEREFERENCE INVOKE AND RE URNAMOUNT DISCOUNT NET AMOUNT 452-952-5-804.00 $542,859.56 2/21 $542,859.56 . City purchase of Systematic and KHOG buildings r. CITY OF FAYETTEVILLE, FAYETTEVILLE, AR .....--- 1 BANK OF FAYETTEVILLE FAYEnEVILLE. ARKANSAS • 81-161 • 829 PAY TO THE ORDER OF Greer6 Abstract 70 North College Fayetteville, AR 72701 THIS CHECK MUST BE PRESENTED WITHIN 60 DAYS FROM DATE CITY OF FAYETTEVILLE FAYETTEVILLE,, AR SALES TAX CONSTRUCTION FUND #452 CASH CODE #4452 • 1!lil P r:. • No. 00023{ • ••1 L..% 1M1.•I .I • J Yr' ••, III I AM,;;Jr11 - S 7•'+71859;SG i I ! Iw ., • •I. . e _ .. • 7 .n lI,y S h..prm..w..n..-- . n.w..vnrux. w_ rvwv.....u.-- rnxw.....m.aJ rvu.....w-- v ..mrwvwm.._—.vn..ww......._— -- __ Wnuv.vuvn _— —186 1 a CITY OF FAYETTEVILLE SALES TAX CONSTRUCTION FUND 452 113 MOUNTAIN FAYETTEVILLE, AR 72701 81-161/829 November 21, 1990 PAY • TOTHE - ORDER OF Haney, Franklin J. $ 3,000.00**** ev - —S /ry, �n luq Iqlr 11 r4 ) Sir v U11jr•,d; rl ..rl%I r.:i' 1,�1��.w; 1 tI � it - DOLLAR` E THE BANK OFFAYETTEVILLE,N.A. '-i".; ONESOUTH BLOCK STREET S FAYETTEVILLE, ARKANSAS 72701 I: "': 1 .y, yJ''G•'. FOR contingent earnest money deposit 11 "000 L8' 1:08 290 16 191: 7000738. 1u' �r•— xnnw.rnn. ..m........r. -- +xn w.nry __�nnwnmrr __.irxrmmmm. "_ rmmw m. —_ a.rmvrnn. �— nm.....n, __.nmvmr.nr- __ m nnr.mmr..—_�.mn nw. mr r. __...x.m nnrry e �1TWL bt a. SUE PHILLIPS COUNTY ASSESSOR a is WASHINGTON COUNTY STATE OF ARKANSAS Washington County Courthouse Fayetteville, Arkansas 72701 APPLICATION FOR EXEMPTION FROM AD VALOREM TAXATION Telephone 5011521.8400 1. Name of entity seeking exemption: City of Fayetteville, a Municipal Corporation 2. Mailing address: 113 W. Mountain, Fayetteville, AR 72701 3. Description of property claimed to be exempt (give legal description of real estate): See Attached "Exhibit A" (PARCEL NO. 765-01987-000) 4. Street address at which property is located: 104 W. Rock, known as Systematics 5. Name in which record title to the property is held: City of Fayetteville, a Municipal Corporation 6. The described propertyshould be exempted from ad valorem taxation under Article XVI, Section 5(b) of the Constitution of the State of Arkansas, as: (check the appropriate line) X Public.,property used exclusively for public purposes. _ Churches used as such. Cemeteries used exclusively as such. _ School buildings and apparatus. _ Libraries and grounds used exclusively for school purposes. Buildings and grounds and materials used exclusively for public charity. v Application for Exemption Page 2 7. Describe in detail the present'uses of the property: now being renovated for City offices 8. Describe in. detail any uses of the described property which produce income, such as rent or fees for use, admission charges, sale or lease of space, items, or services, etc.: None 9. Attach to the application any brochures describing activities which occur on the described property, and any other pertinent information which may assist in determining whether the property qualifies for exemption from ad valorem taxation. I certify that the information contained in the above application for exemption from ad valorem taxation is true and correct to the best of my knowledge and belief. I further state that I have been duly authorized by the entity applying for exempt status to make this application. Date: l L Name lease 11 W. Mou t Address City Manager Title int) .n, Fayetteville, AR 72701 The above described property is classified as: Exempt from ad valorem taxation. Subject to ad valorem taxation. Date: Sue Phillips, County Assessor "EXHIBIT A" KHOG BUILDING A part of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty-one (31) of the Original Town Plat to the City of Fayetteville, more particularly described as commencing at the Northeast corner of said Lot Number One (1), and continuing thence N 89-50-20 W 77,36 feet to the point of beginning, said point being an "X" act In concrete at the intersection of the extension of the centerline of a dividing wall between the upper levels of the Khog and Woolworth Buildings, and the North boundary of said Lot No. 11 thence continuing to and along the center of said wall S 00-35-30 W 144.31 feet to the intersection of said wall centerline and the exterior face of Khog's south walla thence N 89-27-38 W 0,60 feet to the exterior face of Woolworth's West wall; thence continuing along and beyond the face of said wall S 00-32-22 W 28.72 feet to an "X" set in concrete located 3.96 feet south of the south wall of Woolworth building and 42.80 feet north of the south boundary of said lot No. 41 thence N 89-52-57 W 15.00 feet to an "X" set to concretes thence N 00-32-22 E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's Administration. Building, thence continuing with said wall face S 89-32-36 E 1.32 feet and N 00-08-22 E 129.91 feet to a point on the North boundary of said lot number one, said point being an "X" act in concrete located 2.70 feet north of the exterior face of the Khog's North wall) thence S 89-50-20 E 14.35 feet to the point of beginning, containing 2116 square feet, more or leas. SYSTEMATICS BUILDING 4 A part of Lot Numbered 4 in Block numbered 31 of the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat thereof, being more particularly described as follows, to -wit: Beginning at the Southwest corner of said Lot Numbered 4, and running thence North 30.8 feet, thence East to the East line of said Lot numbered 4, thence South to the Southeast corner of said Lot. numbered 41 thence West to the point of beginning. . ALSO , Lots numbered 5 and 6t in . Block 31 of the Original Town (now City) of Fayetteville, Arkansas as designated ....... upon the recorded plat of said Additions , L, _-.ter_.--...--�i �._ l� V SUE PHILLIPS COUNTY ASSESSOR WASHINGTON COUNTY STATE OF ARKANSAS Washington County Courthouse Fayetteville, Arkansas 72701 APPLICATION FOR EXEMPTION FROM Telephone AD VALOREM TAXATION 5011521.8400 1. Name of entity seeking exemption: City of Fayetteville, a Municipal Corporation 2. Mailing address: 113 W. Mountain, Fayetteville, AR 72701 3. Description of property claimed to be exempt (give legal description of real estate): See Attached "Exhibit A" (PARCEL NO. 765-01985-000) 4. Street address at which property is located: 103 W. Mountain, known as KHOG 5. Name in which record title to the property is held: City of Fayetteville, a Municipal Corporation 6. The described property should be exempted from ad valorem taxation under Article XVI, Section 5(b) of the Constitution of the State of Arkansas, as: (check the appropriate line) x Public property used exclusively for public purposes. _ Churches used as such. Cemeteries used exclusively as such. School buildings and apparatus. Libraries and grounds used exclusively for school purposes. Buildings and grounds and materials used exclusively for public -charity. .l M . r, w< w L. s: wA _ _ Application for Exemption Page 2 7. Describe in detail the present' uses of the property: now being renovated for City offices 8. Describe in detail any uses of the described property which produce income, such as rent or fees for use, admission charges, sale or lease of space, items, or services, etc.: None 9. Attach to the application any brochures describing activities which occur on the described property, and any other pertinent information which may assist in determining whether the property qualifies for exemption from ad valorem taxation. I certify that the information contained in the above application for exemption from ad valorem taxation is true and correct to the best of my knowledge and belief. I further state that I have been duly authorized by the entity applying for exempt status to make this applic tion. Date: (7 Nar21Pleq44 Print) 3 W. MMountain, Fayetteville, AR Address 72701 City Manager Title The above described property is classified as: Exempt from ad valorem taxation. _ Subject to ad valorem taxation. Date: Sue Phillips, County Assessor _- "EXHIBIT A" KHOG BUILDING A part of Lot Numbers 1, 2. 3, and 4 of Block Number Thirty-one (31) of the Original Town Plat to the City of Fayetteville, more particularly described as commencing at the Northeast corner of said Lot Number One (1), and continuing thence N 89-50-20 W 77,36 feet to the point of beginning, said point being an "x" set in concrete at the intersection of the extension of the centerline of a dividing wall between the upper levels of the Khog and Woolworth Buildings, and the North boundary of said Lot No. 11 thence continuing to and along the center of said wall S 00-35-30 W 144.31 feet. to the intersection of said wall centerline and the exterior face of Khog's south wall; thence N 89-27-38 W 0,60 feet to the exterior face of Woolworth's West walls thence continuing along and beyond the face of said wall S 00-32-22 W 28.72 feet to an "X" set in concrete located 3.96 feet south of the south wall of Woolworth building and 42.80 feet north of the south boundary of said lot No. 41 thence N 89-52-57 W 15.00 feet to an "X" set in concretes thence N 00-32-22 E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's Administration. Building, thence continuing with said wall face S 89-32-36 E 1.32 feet and N 00-08-22 E 129.91 feet to. a point on the North boundary of said lot number one, said point being an "X" set in concrete located 2.70 feet north of the exterior face of the Khog's North walls thence. S 89-50-20 E 14.35 feel to the point of beginning, containing 2116 square feet, more or less. SYSTEMATICS BUILDING A part of Lot Numbered 4 in Block numbered 31 of the Original Town (now City) of Fayetteville, Arkansas, as designated upon the recorded plat thereof, being more particularly described as follows, to -wit: Beginning at the Southwest corner of said Lot Numbered 4, and running thence North 30.8 feet; thence East to the East line of said Lot numbered 4, thence South to the Southeast corner of said Lot numbered 41 thence West to the point of beginning. ALSO y.. ..,.. Lots numbered 5 and 6t in . Block 31 of the Original 4,.. Town (now City) of Fayetteville, Arkansas as designated upon the recorded plat of said Addition. I -1,•1 File Number: 91 Policy Number: 1. Name of Insured: 'I The City of Fayetteville, Arkansas 2. The estate or interest in the land described herein and which is covered by this policy is FEB SIMPLE. i 3. The estate or interest referred to herein is at Date of Policy vested in the insured. 4. The property herein described is encumbered by the following mortgage or trust deed, and assignments: NONE. 5. The land referred .to in this policy is located in the County of WASHINGTON, State of ARKANSAS and described as follows: SEE EXHIBIT A %I - l w J.' OWNER'S POLICY Issued through the Office of: GREER ABSTRACT COMPANY 70 NORTH COLLEGE, SUITE I FAYETTEVILI E, ARKANSAS 72701 SCHEDULE A Amount of Policy: $547,000.00 Effective Date: February 22, 1991 at 3:42P.M. Countersigned: By: (/r r s�y 5 � TRW TITLE INSURANCE COMPANY This policy valid only If Schedule B is attached ** EXHIBIT A ** " KHOG BUILDING Apart of Lot Numbers 1, 2, 3, and 4 of Block Number Thirty-one (31) of the Original Town Plat to the City of Fayetteville; more particularly described as commencing at the Northeast corner of said Lot Number One (1), and continuing .thence N 89-50-20 W 77.36 feet to the point of beginning, said point being an "X" set in concrete at the intersection of. the extension of the centerline of a dividing wall between the upper levels of the flog and Woolworth; Buildings, and the North boundary of said Lot Na 1; thence continuing to and along the center of said wall S 00-35-30 W 14431 feet to the intersection of said wall centerline and the exterior face of Shog's south wall; thence N 89-27-38 W 0.60 feet to the exterior face of Woolworth's West wall; thence continuing along and beyond the face of said wall S 00-32-22 W 28.72 feet to an "X" set in concrete located 3.96 feet south of the south wall of Woolworth building and 42.80 feet north of the south boundary of said lot Na 4; thence N89 -52-57W 15.00 feet to an "X" set in concrete; thence N 00-32-22 E 43.13 feet to the exterior face of the south wall of the City of Fayetteville's Administration Building, thence continuing with said wall face S 89-32-36 E 132 feet and N 00-08-22 E 1129.91' feet . to a point on the North boundary of said lot number one, said point being an "X" set in concrete located 2.70 feet north of the exterior face of the Ehog's North wall; thence S 89-50-20 E 14.35 feet to the point of beginning, containing 2116 square feet, more or leay. SYSTEMATICS BUILDING Apart of Lot Number Four (4), and all of Lot Numbers Five (5) and Six (6) of Block Number Thirty-one (31) of the original town plat to the City of Fayetteville, more particularly described as beginning at the Southeast corner of said Block Number Thirty-one (31), said point of beginning being an "X" set in concrete; thence N 89-54-23 W 155.00 feet I to a point at the Southwest comer of said lot number six; thenceN 00-08-22 B 139.74 feet to a point 30.80 feet North of the southern boundary of said Lot Number 4; said point being an "X" set in concrete on the South boundary of a12' deeded alley; thenceS 89-52.57E 155.85 feet to a point on the Eastern boundary of said Lot Numbei 4; said point being an "X" set in concrete 30.80 feet North of the Southern boundary of Lot Number 4; thence S 00-29-14 W 139.68 feet to the point of beginning, containing 10,540 square feet, more or less. \ I T f Y yF '\ • OWNER'S POLICY SCHEDULE B Policy Number: 0110009730 bi Y, .1 1. 1' 'l: 1, h' 1 •:11: . '.1 . 1' • . 1' iix ption EtIJ GeneralExceptions: • ' 1 I 11 ' • • . 1 ' 1 . osses 1 1 1 1 1 • 1 f' 1 " • • • 1 ' •:`"111 • : 1.' • ll1 1• :If' 1 • 1 • • • IK •1 • 111 1 • •� •• 1• 1 1 r • • 1 11: 1 1 • 1 \' 1 •se • 1 Y r 1 1 1.1 1 1" premises. 1 1 • '1 . 1 ♦ Y"' :•• • 11: 1' • 1 • 1' 1 li• 11•Ki• • 11 1• sho 1 r 1 r• Y. •l ♦ 1 • 1 1 . • • • . 1 I I I • 1 1 ' . 1 • 1 \ 1 1 1 ' 11 Y' \ 1 1 • 1 • 1 :Jl:1 .11 . 1 11 1 • '. 111 1 •o r- •-Y •1•IA 1' 11. 'Y. 1 1 . 1 11 . 11 II • u I 1r 1 1 1LI flu,'1i •1 1iiI' 1•IS 1 ..0 1 ul . u 1 r• 1.1' 4.. lul: 10: In'rr: n'1 1'1:•.1::1• r 1- :1•'1.1•:• USi1 1-• 1' • 1 1• I I ' .1111.1 .IIi.' :Ij SI ' . • • ••'" 1. F1 •" .(1 1" ' •.tvL. ii 1 • . 1 •ss: 1' 1.11 • 'l:' 1. • • 1" II I" Y•1 . I.1 "• :\ILI". • :1 • 1' 1 ♦IY" 11' 1 .L Y. Y' '1 . .' 1- 1 • 1 . 1' 1 1. 11 -1 . 1 '1 . 1'A 1• "J" . . • Y.Y' .kj ••.<_ 14. This policy does not insure the square footage amount, any mention of square footage is for descriptive pis only. 15. Items #2 and 3 of the General Exceptions are hereby deleted. TRW TITLE INSURANCE COMPANY This policy valid only if Schedule A is attached l r ✓ r L L I � • RESOLUTION NO. 30-91 A RESOLUTION AUTHORIZING THE PURCHASE OF THE • KHOG AND SYSTEMATICS PROPERTIES. i 1 BE IT RESOLVED BY .THE •BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Mayor and City Clerk are hereby authorized and directed to execute Offer and Acceptance Agreements with Mr. Frank L. Haney to purchase the KHOG and Systematics Buildings at a total price of $547,000.00. A copy of the Offer and Acceptance Agreement authorized for execution hereby is attached hereto and made a part hereof. PASSED AND APPROVED -this 19th day of February , 1998. APPROVED: By: Mayor