HomeMy WebLinkAbout79-90 RESOLUTIONRESOLUTION NO. 79-91
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A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A DEED CONVEYING HALF
INTEREST OF THE ROBERTSON/DAVIS PROPERTY TO
THE UNIVERSITY OF ARKANSAS.
WHEREAS, on September 16, 1986, the City of Fayetteville, by
its mayor, Paul Noland, signed an Interlocal Cooperation Agreement
with the Board of Trustees of the University of Arkansas for the
purpose of jointly constructing, owning and operating a Center for
the Arts in Fayetteville; and
WHEREAS, the Interlocal Cooperation Agreement provided that
"the Center for the Arts shall be owned by the City and the
University as tenants in common;" and
WHEREAS, the City and the University were able to acquire much
of the property for the Walton Arts Center by negotiation with the
property owners, but it was necessary to condemn certain parcels;
and
WHEREAS, the City has acquired the property known as the
Robertson/Davis property by eminent domain, and now desires to sell
an undivided one-half interest in the property to the University in
order to fulfill the terms of the Interlocal Cooperation Agreement;
NOW THEREFORE, 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 a deed conveying a half interest
in the property commonly known as the Robertson/Davis property to
the Board of Trustees of the University of Arkansas. A copy of the
deed authorized for execution hereby is attached hereto marked
Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 7th day of May , 1991.
APPROVED:
By
ATTEST:et •46
,l.
Mayor
•
•z .
WARRANTY DEED
BE IT KNOWN BY THESE PRESENTS:
That the City of Fayetteville. Arkansas. a Municipal
Corporation, GRANTOR. by its Mayor. Fred Vorsanaer, duly authorized
so to act by proper resolution of its Board of Directors, for and
in consideration of the sum of One Dollar ($1.00) and other good
and valuable consideration, paid by the City of Fayetteville,
Arkansas a municipal corporation and the Board of Trustees of the
University of Arkansas, GRANTEES, the receipt of which is hereby
acknowledged, does hereby grant, bargain, sell and convey unto the
said Grantees, and unto their successors and assigns forever, the
following described land, situated in Washington County, State of
Arkansas,. to -wit:
Legal Description
A part of Block Six (6) in the Original Town (now City)
of Fayetteville, Arkansas, as per plat on file in the
office of the Circuit Clerk and Ex -officio Recorder of
Washington County, Arkansas, and being more particularly
described as follows, to -wit: Beginning at the Southeast
Corner of Block Six (6), andrunning thence West 162.5 -
feet; thence North 311.0 feet; thence East 162.5 feet;
thence South 311.0 feet to the point of beginning,
containing 1.16 acres, more or less.
TO HAVE AND TO HOLD the same unto the said Grantees and unto
their successors and assigns forever, with all tenements,
appurtenances, and hereditament thereunto belonging.
Grantor hereby covenants with the Grantees that it will
warrant and defend the title to said lands against all claims
whatsoever.
IN WITNESS WHEREOF, the name of the Grantor is hereunto
affixed by its Mayor, Fred Vorsanger, and its seal affixed by,its
City Clerk, Sherry L. Thomas, this 7tn day of t.hy , 1991.
CITY OF FAYETTEVILLE, ARKANSAS
A Municipal Corporation
By.
WITNESS:
By:
bmf irvner4
Sherry7L.Thomas, City Clerk
7; 77 W147- -
Fred Vorsanger, Mayor
ACKNOWLEDGEMENT
STATE OF ARKANSAS )
)ss:
COUNTY OF WASHINGTON)
BE IT REMEMBERED, That on this day came before the
undersigned, a Notary Public within and for the County and State
aforesaid, dilly commissioned and acting, Fred Vorsanger, and Sherry
L. Thomas, t� me well known who stated that they were the Mayor and
City Clerk of the City of Fayetteville, Arkansas, and authorized by
lawful resolution of the Board of Directors of the City of
Fayetteville to execute this deed and acknowledged that they had
executed the same for the consideration and purposes therein
mentioned and set forth.
WITNESS my hand and seal as such Notary Public this 3/5 i day
of MAYdr1 1991.
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