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HomeMy WebLinkAbout30-91 RESOLUTION• • 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 •