HomeMy WebLinkAbout5-92 RESOLUTION•
RESOLUTION NO. 5-92
A RESOLUTION AUTHORIZING THE PURCHASE OF
PROPERTY, FOR PAYMENT OF RELOCATION BENEFITS,
AND MOVING EXPENSES FOR THE PROPERTY OWNER,
MR. AND MRS. LEROY PLANTE, IN THE AMOUNT OF
$58,577.79 FOR PARCEL 138 IN THE FEDERALLY
FUNDED LAND ACQUISITION PROJECT.
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 documents for the purchase of
property: and further authorize payment of relocation benefits,
closing costs and moving expenses for the property owner, Mr. and
Mrs. Leroy Plante in the amount of $58,577.79 for Parcel 138 in the
federally funded land acquisition project. A copy of the claim
forms for land acquisition are attached hereto marked Exhibit "A"
and made a part hereof.
PASSED AND APPROVED this 7th day of January , 1992.
ATTEST:
By
APPROVED:
By: .4e244/$7
Mayor
•
W D Schock Company, Inc..
Aviation Management Consultants
Date: November 21, 1991
Mr. and Mrs. Leroy Plante
725 Morrow Road
Fayetteville, AR 72701
RE: Fayetteville Muncipal Airport
Land and Avigation Easement Acquisition
A.I.P Project No 3-15-0020-15
Tract 38, being in Section 33, T -16-N, R -30-W
Dear Mr. and Mrs. Plante:
The W. D. Schack Company, on behalf of the Fayetteville Municipal Airport, has
programmed the above captioned properly for acquisition in this program. In
accordance with established procedures consistent with legal requirements, the
appraisers contracted on behalf of the Airport have determined the fair market value of
the referenced property, including compensable damage, if any, to be $ 38.000,00.
A firm offer to you for this amount is hereby made. This amount is broken down as
follows:
(a) Site value $ 8,000.00
(b) Improvements value: $ 30.000.00
(c) Total recommended offer: $ 38,000.00
The W. D Schock Company offer is made on the premises that the property is free and
clear of all mortgages, judgments, liens and other encumbrances, including payments of
taxes, and free of any other title problems.
The procedures for determining the W. D. School( Company offer is based on one
appraisal and one review appraisal report prepared by a qualified appraiser and reviewed
by a competent review appraiser familiar with the project, your property and the property
in the general area of the project.
We feel that the above offer is fair and we urge your consideration and acceptance of it.
If this meets with your approval. the Fayetteville Munapal Airport's representative will
prepare the Sale Agreement ano assist in any way convenient to you in finalizing the
acquisition.
Land Acquisition • Relocation
4500 South School Lane Fayetteville, AR 72701 Phone: (501) 521-68521 FAX (501) 521-6852
•
Mr. and Mrs. Plante
Page Two
You will have 90 days from the date of this offer to accept this offer. Please contact our
office when you have made a decision. Thank you very much for your consideration of
this offer.
If you have any questions, please feel free to contact me.
Please sign In the space provided below to show that you have been advised of this
offer.
Yours very truly,
John Baugh
Project Manager
W. D. Schock Company
GB/JB/h1
Receipt of this referral is hereby acknowledged by: 9%-c--- Ar4 ttlervg-n-
Date: / L / cr
1
LETTER OF ACCEPTANCL
LEI2 0 y AAJD
1, I ZETTA AAAJTEHERESY ACCEPT THE CITY 6: FAYETT LVILL '
OFFER DATE) /112 I iq OF S 3 Si ono WHICH EXPIRES 4Q /07 iqf
FOR PAY PROPERTY LOCATED AT DO_ •
I AM IN THE PROCESS OF THE FOLLOWING: (CHECK AS MANY AS APPLY)
O Retaining legal services for curative work on my tale.
WI be completed by
Obtairing a paygrt.statement from my present mortgage company.
Will maim by JAM.
O Searching for a new home.
0,4 Signing a purchase agreement.
Date signed Purchase agreement exp.
C a real esteo agent to representAw in tne purchase of my new home.
Company: —FAA ouni-fiartliate Hoed:. ha -g4/
Obtakirg twining trongage Gamy pew home.
Company: -Ut-j c,2 k
O Scheduling a City-amlati inspection cn my new home.
Appointment Date:
P1.11-1— E -
Requesting a closing date. D 4 1.,
Data Requested: Lolcr n( /5 Du
O Ccoskladrig other altemauves
Such as:
O Requesting more ume because of
SIGNED:X ltc1s h DATE: I /7 91
HOME6WNER. LOT 2 Ai
WrrNESSED:
kte"---;;TE: /o2 7 -ir/
•
•
Claim for Replacement Housing Payment
for 180 -Day Homeowner
U.S. Department of Housing
and Urban Development
wir
OMB Approval No. 2506�'6 lexp. 11/30410)
For Agency Us. Only
Name of Agency
W. D. Schock Company
Prima Ha or Number
IFYV Land Acquisit:on
Gess Nurnber
Tract 38
P ubic remains burden tr this colleceon c nforinseon m esemare to averageID hour per response. Inducing te lene for reinewng neiructons dearcling new am ma
satherne and reentering tie data needed. and comokeng and reviewing the cathodal of informakn. Send comments resterdno els burden 1161111101* Of WV other aspect alt..
co action infonneton. incltichng amesecna fen reducing this bunion. to the Reports I•linagement Cada Mae ol lidonnston Policies and Systems. JS. Deportment of Housing
ard Urban Devekeprient Wash igton. D C 20'10-3600 and to the Once ot liensgemem end Budget Plasm& Reddction Protect (2506-0016). Vileflingior, DC 20503.
P rivacy Act Nola: This Mormon a needed to deterrens whether you am Mgt* orecerre • replacement hawing pare( tor a 1110-dey banana. %tat we me reputed by
aw to korisn en Memnon. bid if you do not wow& n you may not receive IS payment or It may mita longer to pay you. The intension ti bong colerad under the auderity of
the Uniform Relocation Antsurce and Red Plummy AcouisIten Poktes Act of 1970. The intorramion may ba made aniabls 101 Federal agency lor weave
Instructions. This form vs for the use of terrifies and inrivicluns applying kw a replacement housing payment for a 180 -day norreowner The Agency will
help you compete this brm. If the ha amount of your claim is not approved. the Agency MI provide you with a written explanation ol the reason. II you we
not ratified with the Agency's determinatan you may appeal that determination The Agency will explain how b mike an appeal
1. Vox Raman) (You am to Ctarrartni)
Leroy and Izetta Plante
2. Have al members of the nousehoid moved to We same direlling7 Yes No El (If snot inch a lat ol mines of al members
and ifee abase ended1 they nicned.)
1a. Rest Ware Addross(os) Ponwls)
Ib. Telephone Numbing;
72S Morrow Dr:ve 442-8283
Dating
3 Unit That You ,
Moved From
725 Morrow Drive
4 Jnrt That vOU
leaved To • 1
S. Computation of Replacement Housing Payment
When did you
bug WSr del you—nWhen ed you
mow veout of
to mo
Une Unn eva wet?
4-6 McKrleh West lork
9/79
12/91
9/79
1/92
1/9, A
Item
(1; Purchase Price o' Comparable Replacement Dwelling
(To be provided by the Agency)
(2) Purchase Price ol ule trill You Moved To
(3) Lesser of Line (I) or (2)
To be Completed
by Claimant
$ 54,990.00
Far Agency
Use Only
54,900.00
54,900.00
(4) Pnce Pad by Agency for tint that `Ica Moved From
15) Differential Amoant (Salami kne ;1) irOM line (2)
It amount on • ne (4; exceeds amount or I ml3.enm 0)
38,000.00
16,900.00
(6) 'radental Expenses (From One (16) cf Item 12)
1,185.89
(7) Mortgage Suydam Payment and Other Debt Service Costs
(To be determined by Agency See *reelect cm in nen 13)
187.90
(8) Total Amount of Replacement Housing Payment Claim
:Add bee (6), (61. and (7))
(9) Amount Previa:5/y Recanted. il any
(10) Amount Requested iSubiraci In (9) Mem hr. 31);
18,272.79
-0
18,272.79
6. Certification by Claiming.)
Warning:1f you knovangly make a false statement on dus form, you may be subject to ova or criminal penalties under Secdon 1001 of Time 18 of the United
Stales Code In addict' you may not receive any of die arrounts dairned on dm form
I piney that this claim and supporting inlormation are hue and compete and that I have not been paid tor these expenses from any other source.
Sionairre(s)ai Cleirands)
To IX...MO▪ CK - by 4py
7 Mayo Oa al nary
lor %ocean Aseaterce
tioa•••4-
Osyment Action Arno.mi al Payment
L Owed Rani CorPortia
: limpoceirwel Oman
▪ 0 ReCOMMended $ 18 273 79 1110 #0.
$ I. , 273.79
' 1 Approved:
--/21/91
L LadlanoWni AMIN leamsdad
and Found Dad. Sale and Sflary
nO
Name (Type or Pnrit)
D. Schack
* "*SEE NOTES ON PAGE TWO
Page 1042
L' lo_w
Date
12-17-91
112-17-91
brm HUD -40057 (MO)
bandbook 1378
12. Incidental Expenses in Connection With Purchase of Replacement Dw&ulng.
Instruction.: Ent r ati wan radertal lo the outhase otyco rari 'lame Do rot nage peeped
cola a...ch as .111 estate lazas aro& a ccoy 1 the dosing Junin End other remota .
(1) Lags: Fees
(2: Owners and Mcagagees ltlie Insurance or Other id. Evidence
13) Property Survey
re) Cosi ol Preparing Dead and Related Conveyance Documents
(5) Lender, FrA or VA Appraisal Fees
(6) FHA or VA Application Fees
(a)
dal/none
197.53
100-00
40.00
2.1n no
(7) Gerticabon of Sbucluml Soundness Wher Required
(8) Grant Radon
Escrow Agent's Fees
(40) Notary Pee
(41) Tenn rspection
;12 State Revenue or Documentary Stamps
T•ansfer -Ines
(14) RocorO no Fees
fl 511)&7 Costs (sentry) *SEE Nie.TE
(16) Toa rn. cent& Expenses (Add lines (' ) thrall (15)
E rter :kis amount on ine (6) &germ 5)
00
Per Agency
We Coq
20.00
235.39
$1,185.89
11:_Mort9age Buydowli Payment and Other Debt Service Costs
YOJ are enttled to compensaton to cover the addnonal costs you rrLst finarce the purchase of a rep aceinent dwelling The
'nuydcom" payment covers those costs lhat result because the interest rate you must pay for a new mortgage is inner than the interest rate on your old
mongage The maximum buydown pay-nert for which you can cuaety $ the amour I reacted to reduce your new mortgage balarce to the amount which can
to amortized with the same penodc payments 'or print pa and interest as those for your old mortgage. (Tke Agency is required to advise you of its esbmate
tithe maximum baydown payment and the interest rate hire and amount on which it was computed You will need to borrow tat amount over that tenn b
GJahly to ria fufl paymert ) If yoL have more that one mortgage on riser your old or new homw complete a separate hem 13 for each computation and
rcludo the total arioure of al sudi cornea:aeons on in* (7) cf nem 5 NoteA mongage on your old home that was in erect for less than 180 days before
the Agency s miner offer o' ',1st compensabon for te property cannot be used as a basis for payment.
Part A - Infornalion from Mortgage Documents
herr
1.1) Cater:I ^g Emma( talenee
Fit ArrLa riterest rate of monger_
la) lb) 1 (n)
Old Mortgage Neve Mortgage j Lain. of Col (a) or (b)
_1_18 79C 7 a_$19•200.0(t/S
1.0%1 8.96%
.P3erNit uEirCormo4pPcutarttlholnY payments
enrernt (aUinseing-noarngtrapperigiunagoerazanon table
'4' Monli parry,: required to amortize a loan o' $' 000
at an annual rterest rate of % (line (2) column (0))
5. Month payment required to amortize air:6r. of SI COO n
at al anrLal interest rate ol % (lune (2), column (a))
(6) .Subract line (5) from line (4)
(7) Divide line '6) by lire (4) (carry to 6 decima. places)
'9) Enter c mortgage balance (amount on line (1). cc Lmin (a);
180 Mos -I 180 Mos 180 Mm
with 6 decimal oacea )
months (kris (3). co .rmr (c))
mortise (line (3). colurin Oro
t91_1;r12.110 y line 17) by line (8)
('OlNew can needec I saboact I ne 19; tor lire le)) $
Note: ire (10) is less thar Ina (1) column (b). Onalr amount from Ins (9) cnto re (13) and skip Imes (11) and (12)
rt ;Divide ^e I). (b) by Ire (10) (cam/ n 6 cecirral maces) . $
(42i Y.: bele re (11)by rine (9_,_ • $
:13IEnter amount irom aine ;9) or tine (12). as approonale
(T" s s e reargaga akythaan paymart)
:14;5;1"sirdett service tests
(Re -nbusernent 3' purchasers points ard loan °rip -aeon fees is based on the new loan needed
(line .1 a- the acaa new loan balance (line (1) column (b)1, whichever is less Do rot mclude
so lers so nts or any cost Included as an mode -gal expanse in Item 12 ))
$
x/A
(15:Add lines '13) and (14). Erter this amcon: on line (7) al item (5).
KI/A
:$1% Oria Fee S187.90
mS :87.90
**MAKE CHECK PAYABLE TO MR. AND MRS. LEROY 1?LANTE AND FIRST FINANCIAL MORTGAGE
COMPANY.
12. (15) INCLJDES: 1. State Tax Stamps $60.39, 2.Underwritlng
fee $125.00 and
form HUD -40057
3. Tax Serviln2%e S50.00.
PI. Weil
Aviation Management Consultants
Schack Company, Inc.
December 17, 1991
Ms. Kelly Johnson
Fayetteville Municipal A port
113 W. Mountain Street
Fayetteville. AR 72701
RE: Mr. and Mrs. Leroy Plante
725 Morrow Drive
Tract 38/Parcel 7E5-15515
Dear Kelly:
Mr. and Mrs. Leroy Plante have accepted their offer from the
Fayetteville Municipal Airport and wish to proceed with the
closings on their old and new homes. Please see the attached
letter of acceptance dated 12-17-91. In order to do this, we
will need several checks prepared. They are as follows:
1) Mr. and Mrs. Leroy Plante
and Leonard Greenhaw, clos ng atty.
(To close on present home)
See attached offer letter
2) Mr. Leonard Greenhaw
Closing cost for present home and
recording fee
3; Mr. and Mrs. Leroy Plante and First
Financial Mortgage Company
;Relocation Eligibility and eligible
closing costs; see attached claim form
to ne signed by Dale Frederick)
$38,000.33
334.00
$18,273.79
Mr. and Mrs. Plante have set a closing date of 12-31-91 on their
new home and request that they close as soon as possible witn the
City of Fayetteville on their present home.
The Plantes 'lave elected to be paid for their actual moving
expenses instead of the fixed moving payment. A subsegaent claim
form will be submitted to cover their moving expenses after a
reasonable bid is received from a moving company.
Land Acquisitior • Relocation • Part 150 Implementatiori
P:)st Of' ce P4-751 A 2 pge". 2ro or ..-_-
achnson/Plante
Cecember 17, 1991
•
If you nave any questions cr need further information, please
call.
Attachments
BM/JB::I
cc: Relocation File
Sincerely,
W. D. Scnock Company, Inc.
uonn T. Baugh, III
Prolect Manager