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HomeMy WebLinkAbout134-94 RESOLUTION• ▪ I -I c RECORD '94 DEC 13 API 8 'IS RESOLUTION NO. 134 - 94 WASh,Nu:uN GO AR A. 'COLI MPTP A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE CITY OF FAYETTEVILLE AND THE FAYETTEVILLE BOARD OF EDUCATION FOR THE UPTOWN SCHOOL/NAVAL RESERVE CENTER REAL, ESTATE EXCHANGE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Council hereby approves the agreement for real estate exchange between the City and the Fayetteville Board of Education, and authorizes the mayor and city clerk to execute such agreement for the Uptown School/Naval Reserve Center exchange of properly. A copy of the agreement is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 7th day of December 1994. ATTEST: By:�CI['C. Traci Paul, City Clerk 1 J• lllllllll • `�..ItViti •l•.•• i( SEAT- :. • • , APPROVED: .'/ By. t,d ✓:.-•- Fred Hanna, Mayor 94072527 EXHIBIT A CONTRACT FOR EXCHANGE OF REAL ESTATE Qecem er THIS AGREEMENT made 7 , 1994, between Fayetteville School District No. 1, hereinafter called DISTRICT, and City of Fayetteville, hereinafter called CITY. WITNESSETH: 1. Transfer by Fayetteville School District No. 1. DISTRICT agrees to sell and convey to CITY all that certain real estate situated in Fayetteville, Washington County, Arkansas, to -wit: Part of Lots Three (3). Four (4), Five (5), and Six (6), Block Nine (9), Onginal Town Plat, City of Fayetteville, Arkansas, and known as the Uptown School, 108 North West Street. 2. Transfer by City of Fayetteville. CITY agrees to sell and convey to DISTRICT all that certain real estate situated in Fayetteville, Washington County, Arkansas, to -wit: Part of the Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) of Section 26, Township 16 North, Range 30 West, City of Fayetteville, containing approximately 1.83 acres, and known as the Naval Reserve Center, 800 South Church Street. 3. Conditions. This contract is expressly conditioned on (a) approval by CITY of a lot split for the subject property and, (b) issuance by CITY of a permit to occupy the premises. 4. Encumbrances. DISTRICT represents to CITY and CITY represents to DISTRICT that there are no mortgages, liens, or other encumbrances, recorded or unrecorded, against the subject properties, save for restrictive covenants and zoning ordinances affecting the use of the subject properties. 5. Taxes. All real estate taxes and special assessments, if any, on both subject 11• ILA OttALCU LI ICAL LI y uC LI .try Ell ..n.y W.. -Vii) ., I 1 ClyCL.CV11IC. ell nal .!pen N.,ICAI .. I L11 IU are duly authorized in their respective capacit es to execute the foregoing instrument for and in the name and behalf of said :municipal corpo•ation. and `,yther stated and acknowledged that they had so signed, executed arc del vered said instrument for the consideration uses and purposes therein mentioned and set forth WITNESS my hand and seal on this !`� day of t , 199 `-) -41-% ii1A14 N :tary public MY COMMISSION EXPIRES: •.-t • ne:Ord• ad. di 1 \ • £S /r . . Iv/V ! • Q I- [;-STONEMARKFR IX STING FFNCF •1 o Lp };1' .2 § ±•ti It c. < ƒ} • RESOLUTION NO. 134-94 4 RtaCLL)If>N APPRO. Ir.d AN AGRFrVI IT AF- VEEN 111r C TV r)F FA'- ••tVI_rt ANO 'rr rA' 1.:1 TtV LLI ROARO EUJCAIION rep r IT u° TOWN SCI -O01 ;NAVAL RESERVE CENTER 1I1A. l STAlf rx::I•ANIAI BE IT ArSOLVED BY THE CITY COL NCIL OF THE CITY OP !AYETTEVILLE. ARKANSAS Stolon 1. "•v nv. • .. e 1 , v wry rponrv,tw 11 e noiro,nor: 'vr pea site:e e,ckange (••'ween :•e l'ty Ilre lave°,• 10 R., : •NI Sawyer r' c •:ay f e- •Be.,te adJ+ 69't rift 0 r, :•+e Ljilinvgri :. ^f Sal; v. ,n1 Ro•iorto Cen:or n.crprnn ulyrl,. A ..C.s ay eSIT enl w sit' +.:.ed .. ,not •M1x1c,,d 1.' i bI• A nN -cads a t'1 -air, 1 PASSED AND APPROVED :bl, 71 ,, In .994 ^.1 •Pao•: :1 ATTF :T Rv -•a/ ev a i. rc • S I ATE I )F ARKANSAS ss. t'o''n:y of Washington , 1. • -3 .� , hereby cer- ti:y that I .un the publisher of THEENORTIJWEST ARKANSAS TLbMhS a daily newspaper having a second class mailing privilege. and De: ng not :ess than :our pages of five c.31uninb each, published al a fixed place of business and at a fixed (daily. uitervals cencnuou 1) is the City of Payetieville, Cuun:y of Vr ashmgt: n, Arkansas for m: re than apeiild of twelve months, cacula:ed and distributed froman established placeof business yi subscribers and readers generally of all classes in the City and Coun:y Sy a def niteprce fo: each copy. or a fixed price per annum which price was fixed at what :s consicered the value of the pubiiaatiicc, based upon the news value and service value con:ams. that a: .east 'Pity percent of the subscribers thereto have paid cash fer their suh.criptions to the newspaper o: it, agents or thr.+ugh recognized news dealers over a period of at least six n•units and that the said newspaperpublishes an average of more Ihan forty percent new, matter. l firt7er .e'ti•, that the legal notice hereto attached in the matter of t_1- X51,- ! was published in the regular JaLy-1ssae .1 said newspaper tcr :oasecJl•ve me• -.ons as follows: l:x frr,t insert i.:e on the �. • .. the second mser:iur. on the :he :Irnd insertion on the and the fourth inseam on the RECEIVED JAN OF E25 FINANCE DEPT. las of 19 15 day o: 19 day o: 19 day of :4 Pu!lishe: / Genera] M inager Swnm lo and subscribed heft -re me on Ihis ' - da, of My ('orcin lss.on Expires: Fee. for Prmt.ng S ('vs: ; f Printf _ ":vial j u, • WARRANTY DEED KNOW ALL MEN BY THESE PRESENTS. '95 •1L?; 12 ill 4r74aw 10 19 W,i . • v0 AR K.... That Fayetteville School District No. 1, by its President and Secretary, hereinafter called Grantor, for and in consideration of the sum of One Dollar ($1.00) and other gooa and valuable consideration in hand paid by the City o' Fayetteville, Arkansas hereinafter called Grantee, does hereby grant, bargain and sell unto the said Grantee and Grantee's successors and ass.gns, the following described land situate in Washington County, State of Arkansas, to -wit: A part of Lots 3 4, 5 and 6 of Block 9, of the origiral plat of the Town (now City) of Fayettevil'e, Arkansas described as beginning at the NW corner of said Bloca 9; thence North 89 degrees 27 minutes 19 seconds East 155.00 feet; thence South 0 degrees 04 minutes 28 seconds East 151.50 feet; thence North 89 degrees 27 mm.,tes 19 seconds East 6 00 feet. thence South 0 degrees 04 minutes 28 seconds East 92.13 feet. thence along re South line of the N 1/2 of the SW 1/4 of Block 9 South 89 degrees 11 minutes 30 seconds West 161. 76 feet; thence North 0 degrees 06 minutes 07 seconds East 92 88 feet to a port North 11 feet and 5 inches of tre South line of the N 1/2 of Block 9; thence North 0 degrees 06 minutes 07 seconds East 151.50 feet to re point of beginning. LESS AND EXCEPT a 15 foot strip described as Deginning at the NW comer of Block 9; thence North 89 degrees 27 minutes 19 seconds East 15 feet; thence South 0 degrees 06 minutes 07 seconds West 15' 5C feet; thence Sou:h 89 degrees 27 minutes 19 seconds West 45 feet: thence North 0 degrees 06 minutes 07 seconds East 151 50 feet to the point of beg nning. TO HAVE AND TO HOLD t' -e said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever- And said Grantor hereby covenants with the said Grantee that it s 'awfully se zed cf said .and and premises, that the same is unencumbered, and rat it will forever warrant and defend the tit'e :o the said lands against all legal claims whatever. 95028605 • • • IN TESTIMONY WHEREOF, :he name of the Grjr;tor is hereunto affixed by its President and its seal is affixed by its Secretary this 3/ — day of May 1995 THIS INSTRUMENT PREPARED BY: Rudy Moore, Jr., P.A. Attorney at Law P. O. Box 580 Fayetteville, Arkansas 72702 FAYETTEVILLE SCHOOL DISTRICT#1 ACKNOWLEDGMENT STATE OF ARKANSAS ) ss. COUNTY OF WASHINGTON) • On this ?/day of May, 1995, before me, a rotary public, qualified and acting within and for the said county and state. appeared i" person the within named Jeff Koenig and David Wilson tc me peesonally known, w"o stated that they were the President and Secretary of the Fayetteville Schcol District No 1, and were duly authorized in their respective capacities to execute :he `oregoing instrument for and in the name and behalf of said corporation, and further stated and acknowledged that they had so sigred, executed and delivered said instrument for the consideration, .,ses and purposes therein mentioned and set forth. IN TESTIMONY WHEREOF, I "e-eunto set my p..` . off' I seal this - day of May, 1995. My r{r}aritCCouhty, Ai Public as mgton Cou ty, Arkansas My Commission Expires 3/2/2004 Notary` 2 95028606 • COM MEI MENT FOR "TITLE 1NSIRANCI: 'ss. 11) BY • First American Title Insurance Company ( ahfiwnta:mporaubn. ht rem ailed aw (4.min:it...for a valuable consider at m.here') rein':;;sto:.' ueu.S punt y (•r phlieie., 01 tutu insteranre as uden'r/.ed of S'. hedute:1. in Ian., of the proposed Gnu red manned in Schedule A, as ou ner or mortgagee of the eatate..1 interest c of Bred hereh 1 in the land des(' hed or referred u' rn Schedule 4, upon payment afthe pretmam aid. barge, therefor; alt suhin t to the pros chum of Sthedule., A and Band to t/te ( ndttu'ns and Ss pulmeon' herr 17hS Commitment ,hall he (•1;e: rite milt when the identitl of the prapr,se•a Insured and the amount o/ :he pun;:nrpoliciescanmrtrtu•eilorhaiebeet:rnsertedn;Senedule.4herealhtthe(ontpan' either al the time (•f the .s quint.•e of Mi., (':'nmuurnnt or hr.suhsequent envie'rsement 1 his Comm mnerm :, preununars to 1/w e, sumr: e nt .,ut h pnlh't Or pOhrieS of title Insurance and all liabili; s and ohlrgartom hereunder ,nail cease wtd ter":mare n 1111 t t (401 days alter dto elle( lily date ht reot ur :then ;he p.. h:. or pule re'., c omntuted for 'hall 's vu , 's lit. het er ‚/11(1o.. un. provided mat the ,l athue 10 Issue t ugh poi:. 1 ., r policies i.. not the fault of the await:. This Comnuunent shah not he laird o' hurt: r, e m e t' l ; 'tat ter., ipled new IC h r a I "anda tut ¢ e N fn er or .4 tent. 1\ it) 1 \ 1.47/1.1?h(>b. hew Amer.( at: Pile Inuran.e(omq'anI has alesedns...r; jre name and sea/ I() he hereumo alt:ved 1'..;s duh atm/rhea Qtly ern nn ore dare sl'ote n m .S: hedule A. /yl1 Jf l }' VSad y 4t,2 aa L Authorized Signature, AA. Agent • j.. Gn ll - IIRS1:11fIRA 4NI11I.i:INS( R4V F.(O11P1\} • • cot • %. F7g4 . 1 a • : re. •• e 3 . FI• [MBIA 24 : ; ATTEST: pft Protideli 11/41..- 6. C()\I)l Floss ANI) S l IPC[.A 1 IONS .ti,,,,,r,,,.v 1. l he term mortgage. when used herein, shall inc.ude deed ot :rust. trust deed. or either security instrument. 2. 11 the proposed Insured has or acquires actual knowledge of any delect, lien. encumbrance. ads,erse claim or other mattera:fect.rg the estate or Interest or mortgage thereon emcrcd by this Commitment other than those shown in Schedule 13 herecl, and shall tall to disclose such knowledge to the Company .n w riling.. the Company shall he relieycd from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shad disclose such knowledge to the Company or d the Compan otherwise acquires actual knowledge of any such defect. lien. encumbrance, adserse claim or other matter. the Company at its option :nay arnend Schedule R of this Commitment accordingly. hut such amendment shall not reliese the Compan% f: on: liability previous:y ince; i ed pursuant to Paragraph 3 al these Conditions and Stlpu:atrons. 3. 1 lability of the Company under this Commitment shall be only to the named proposed insured and such parties included under the definition of In,.ired in the form of policy or policies committed for and only for actual loss Incurred in reliance hereon :n undertaking in good tarth (a) to comply with the requirements hereof. or (b) to eliminate exceptions shown .n Schedule B, .:r lc) to acqui;e of create the estate or interest or mortgage thereon CO\ Crec by this Commitment. I n no ex, ent shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such habil.ty is subject to the insuring pros, inions and the Conditions and Stipulations. and the exclusions from cnycragc of the to.m of policy or policies committed for Ir. favor of the proposed Insured w hich are hereby incorporated by rete. -once and are made a part of this Commitment except as expressly modified herein. 4 Any action or actions or right, ni action that the proposed Insured may hay. or may hang against the Company arising out ot the status of :he title to the estate or interest or the status of the mortgage :hereon covered by this Commitment must be based on and are subject to the pro%isions of this Commitment. AMERICAN LAND TITLE ASSOCIATION COMMITMENT -1966 1 WO AMERI c 1 • • ALTA Commitment -1970 l SCHEDULE A Commitment No.FATIC 95-6369 1. Effective Date: MAY 22, 1995 at 7:00 A. M. 2. Policy or Policies to be issued: Amount ALTA Owner's Policy (Amended 10-17-70) $195,000.00 Proposed Insured: THE CITY OF FAYETTEVILIE, ARKANSAS, a munic;pal corporation ALTA Loan Policy- (Attended 10-17-70) $ Proposed Insured: 3. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple. 4. Title to the fee simple estate or interest in said land is at the effective date hereof vested in: FAYETTEVILLE SCHOOL n'STRICT NO. 1 5. The land referred to in this Commitment is situated in the County of WASHINGTON, State of ARKANSAS, and Is described as follows: A part. of Lots 3, 4, 5 and 6 of B]nrk 9 of the original plat of the town (now City) of Fayetteville, Arkansas, described as beginning at the Northwest corner of said Block 9; thence North 89 degrees 27 minutes 19 seconds East 155.00 feet; thence South 0 degrees 04 minutes 28 seconds East 151.50 feet; thence North 89 degrees 27 minutes 19 seconds East 6.00 feet; thence South 0 degrees 04 minutes 28 seconds Fast 92.13 feet; thence along the south line of the N 1/2 of the SW 1'4 of Block 9, South 89 degrees 11 minutes 30 seconds West 1E1.76 feet; thence North 0 degrees 06 minutes 07 seconds Fast 92.88 feet to a point North 11 feet and 5 inches of the South line of the N 1/2 of Block 9; thence North 0 degrees 06 minutes 07 seconds East 151.50 feet to the point of beginning, LESS AND EXCFPT a 15 fcot strip described as heginning at the Northwest corner of Block 9; thence North 89 degrees 27 minutes 19 seconds East 15 feet; thence South 0 degrees 06 minutes 07 seconds West 151.50 feet; thence South 89 degrees 27 minutes 19 seconds West 15 feet; thence North 0 degrees 06 mintues 07 seconds East 151.50 feet to the point of beg'nning. COUNTERSIGNED BY: BRONSON ABSTRACT COMPANY, INC. 28 EAST CENTER STREET FAYETTEVILLE, AR. 72701 FIRST AMERICAN TITLE INSURANCE COMPANY • • • • • • ALTA Commitment -1970 • SCHEDULE 8-I Commitment No.FATIC 95-6369 The following are the requirements to be complied with: 1. Payment to, or for the account of, the sellers or mortgagors of the full consideration for the estate or interest to be insured. 2. Instruments in insurable form which mist be executed, de:_vered and duly filed for record: (al Warranty deed of insured prenisL's iron the Fayetteville School District No. l to the City of Fayetteville, Arkansas, a municipal corporation. BRONSON ABSTRACT COMPANY, INC. 28 EAST CENTER STREET FAYETTEVILLE, AR. 72701 FIRST AMERICAN TITLE INSURANCE COMPANY • • • • 4 ALTA Commitment -1970 SCHEDULE B -II Commitment No.FATIC 95-6369 Schedule B of the policy or policies to he issued will contain exceptions to the following matters unless *he same are disposed of to the satisfactLon of the Company: 1 Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in rhe public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 Rights or claims of parties in possession, boundary line disputes, overlaps, encroachments, and any other matters not shown by the public records which would be disclosed by an accurate survey and inspection of the land described in Schedule A. 3 Easements, or claims of easements, not shown by the public_ records. 4 Any lien, or right to a lien, for services, labor or material heretofore of hereafter furnished, imposed by law and not shown by the public records. 5 Taxes or assessments which are not shown as existing liens by either the public records or the records 1.f any taxing authority that levies taxes or assessments on real property. 6 Zoning ordinances, resolutions, lot split or lot line adjustment regulations, and subdivision requirements of the municipality or county in which the insured premises is located. 7 General Taxes for the year 1995 and subsequent years not yet due and payable. 8 Subject to that portion of insured premises lying within the alleyway as shown on the plat of. ::u-vey by Douglas G. Hemingway dated 5:1'95. BRONSON ABSTRACT COMPANY. INC. 28 EAST CENTER STREET FAYETTEVILLE, AR. 72701 FIRST AMERICAN TITLE INSURANCE COMPANY 110. • FLED FOR RECORD • '99 DEC 13 RSI 8 Is WASHINGTON CO AR A,KOLLMEYER RESOLUTION NO. 134 - 94 A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE CITY OF FAYETTEVILLE AND THE FAYETTEVILLE BOARD OF EDUCATION FOR THE UPTOWN SCHOOL/NAVAL RESERVE CENTER REAL ESTATE EXCHANGE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Council hereby approves the agreement for real estate exchange between the City and the Fayetteville Board of Education, and authorizes the mayor and city clerk to execute such agreement for the Uptown School/Naval Reserve Center exchange of property. A copy of the agreement is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 7th day of December , 1994. ATTEST: By: /JL2L!tJ ad, Traci Paul, City Clerk 1 I11P11111t11 ; 1..... •s SEAT. 0_0;7 •r7 °I/u 11111111 APPROVED: By: red Hanna, Mayor 94072527 • • CONTRACT FOR EXCHANGE OF REAL ESTATE • THIS AGREEMENT made oweabor 7 , 1994, between Fayetteville School District No. 1, hereinafter called DISTRICT, and City of Fayetteville, hereinafter called CITY. WITNESSETH: 1. Transfer by Fayetteville School DGstrict No. 1. DISTRICT agrees to sell and convey to CITY all that certain real estate situated in Fayetteville, Washington County, Arkansas, to -wit: Part of Lots Three (3), Four (4), Five (5), and Six (6), Block Nine (9), Original Town Plat, City of Fayetteville, Arkansas, and known as the Uptown School, 108 North West Street. 2. Transfer by City of Fayetteville. CITY agrees to sell and convey to DISTRICT all that certain real estate situated in Fayetteville, Washington County, Arkansas, to -wit: Part of the Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) of Section 26, Township 16 North, Range 30 West, City of Fayetteville, containing approximately 1 83 acres, and known as the Naval Reserve Center, 800 South Church Street. 3. Conditions. This contract is expressly conditioned on (a) approval by CITY of a lot split for the subject property and, (b) issuance by CITY of a permit to occupy the premises. 4. Encumbrances. DISTRICT represents to CITY and CITY represents to DISTRICT that there are no mortgages, liens, or other encumbrances, recorded or unrecorded, against the subject properties, save for restrictive covenants and zoning ordinances affecting the use of the subject properties. 5. Taxes. All real estate taxes and special assessments, if any, on both subject �` J • • properties due and payable for 1993 and prior years shall be paid by the respective owner and same shall be pro -rated for 1994 and shall be paid by the respective owner. 6. Conveyance. Unless otherwise specified, DISTRICT shall convey to CITY and CITY shall convey to DISTRICT by general warranty deed, subject only to recorded instruments and easements, if any, which do not materially affect the value of the property. 7. Title Requirements. CITY shall furnish, at CITY'S expense, a complete abstract of title, or, alternatively, a policy of title insurance, reflecting merchantable title satisfactory to DISTRICTS attomey. If objections are made to title, CITY shall have a reasonable time to cure any defects. DISTRICT shall furnish, at DISTRICT'S expense, a complete abstract of title, or, alternatively, a policy of title insurance, reflecting merchantable title satisfactory to CITY'S attorney. If objections are made to title, DISTRICT shall have a reasonable time to cure any defects. 8 Closing. The closing shall be held at the offices of DISTRICT on or before thirty (30) days from the date hereof. Possession of the respective properties shall be delivered upon the closing date. 9. Expenses. Abstracting, title insurance, closing fees, document preparation, recording fees, real estate transfer taxes, and other expenses shall be paid by the party customarily required to pay such expenses. 10. Default. In the event of default by either DISTRICT or CITY, the parties shall have all remedies available at law or in equity. 11. Entire Agreement. All understandings and agreements between the parties are merged in this contract, which alone fully and completely expresses their agreement, and 2 the same is entered into after full investigation, neither party relying upon any statement or representation, not embodied in this agreement made by the other. 12 flinding Effect. The stipulations herein contained shall apply to and bind the successors and assigns of the respective party. IN WITNESS WHEREOF, this agreement has been executed by the parties on the date first above written. 67A/Vj 221./ li Traci Paul, City Clerk CITY OF FAYETTEVILLE Fred dainnal Mayor likin, FAYETTEVILLE SCHOOL DISTRICT #1 David Wilson, . ecr= ary • 1 • RESOLUTION NO. 134-94 A RESOLUTION APPROV. NG AN AGREEMENT BE- TWEEN THE CITY OF FAY- ETTEVILLE AND THE FAY- ETTEVILLE BOARD OF EDUCATION FOR THE UP TOWN SCHOOL/NAVAL RESERVE CENTER REA. ESTATE EXCHANGE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS Section 1. That the Coun- cil hs-eby approves the agreement for real estate exchange between the City and the Fayetteville Board of Education enc authorizes the Mayor and City Clerk to execute such agreement 'or the Uptown School/Neva Reserve Center exchange of property. A copy of the agreement ,s attached 'terato narked Exhbd "A" end made a part hereof. PASSED AND APPROVED this 7th day of December, 1994. APPROVED; By: Fred Hanna, Mayor ATTEST: By: Trail Paul City Clerk • STATE OF ARKANSAS fW J} County o Washington ington r Jr. ' r. ``t' :J)TLLti 4- hereby cer- tify that 1 am the publisher of THE"NORTHWEST ARKANSAS TIMES, a daily newspaper having a second class mailing privilege, and being not less than four pages of five columns each, published at a feed place of business and at a fixed (daily) intervals continuously in the City of Fayetteville, County of Washington, Arkansas for more than a period of twelve months, circulated and distributed from an established place of business to subscribers and readers generally of all classes in the City and County fora definite price for each copy, or a fixed price per annum, which price was fixed at what is considered the value of the publication, based upon the news value and service value it contains, that at least fifty percent of the subscribers thereto have paid cash for their subscriptions to the newspaper or its agents or through recognized news dealers over a period of at least six months; and: that the said newspaper publishes anaverage ofmore than forty percentnews matter. ss. I furth jertifye that the legal notice hereto attached in the matter of 1 was published in the regular daily issue of said newspaper for consecutive insertions as follows X C SIJ The fuT first insertion on the •ii Al& (. i t. day of 19 _ the second insertion on the the third insertion 00 the and the fourth iiiaertion on the RECEIVED JAN 05 1995 FINANCE DEPT. day of 19 day of 19 day of 19 Publishes / General Manager Sworn to and subscribed before me on this - r day of J My Commission Expires: 19`1`3 - •-; - 1 : l r. l L Fees for Prinung S `i Li . �' C Cost of Proof S Total S Ulf . QC; Notary Public 'till 1`Lv'L ' �LE THE CITY OF FAYETTEVILLE ARKANSAS • • • DEPARTMENTAL CORRESPONDENCE DATE: June 13, 1995 TO: Jerry Rose, City Attorney FROM: Ed Connell, Land Agent lie,/ RE: Fayetteville School District # 1 Property Exchange Uptown School/ Naval Reserve Center Please find attached a recorded copy of Warranty Deed 95-28605 which conveys the Uptown School property to the city. The original of this deed has been given to the City Clerk for keeping. Also please find a Title Insurance Commitment in the amount of $195,000 from Commonwealth Land Title Insurance Company issued through Washington County Abstract & Title Company, Inc as Commitment No. 84048 -CW -2108 -HB to be issued in the name of Fayetteville School District #1 coveting the City's Naval Reserve Center property. This commitment should be forwarded to Mr. Moore. We have already sent to WACO a copy of the Lease Termination on this property from the U. S. Government (Item d in Schedule B Section 1). Please let me know if there are any other actions required to finalize this transaction. • • WARRANTY DEED KNOW ALL MEN BY THESE PRESENTS: FILED FOP. RECORD '95 JON 12'Rfl1019 WASE, Nu, ,y CO AR K. HARNESS That Fayetteville School District No. 1, by its President and Secretary, hereinafter called Grantor, for and in consideration of the sum of One Dollar ($1.00) and other good. and valuable consideration in hand paid by the City of Fayetteville, Arkansas hereinafter called Grantee, does hereby grant, bargain and sell unto the said Grantee and Grantee's successors and assigns, the following described land situate in Washington County, State of Arkansas, to -wit: A part of Lots 3, 4, 5 and 6 of Block 9, of the original plat of the Town (now City) of Fayetteville, Arkansas described as beginning at the NW corner of said Block 9, thence North 89 degrees 27 minutes 19 seconds East 155.00 feet, thence South 0 degrees 04 minutes 28 seconds East 151.50 feet; thence North 89 degrees 27 minutes 19 seconds East 6.00 feet; thence South 0 degrees 04 minutes 28 seconds East 92.13 feet; thence along the South line of the N 1/2 of the SW 1/4 of Block 9 South 89 degrees 11 minutes 30 seconds West 161. 76 feet, thence North 0 degrees 06 minutes 07 seconds East 92.88 feet to a point North 11 feet and 5 inches of the South line of the N 1/2 of Block 9; thence North 0 degrees 06 minutes 07 seconds East 151.50 feet to the point of beginning; LESS AND EXCEPT a 15 foot strip described as beginning at the NW comer of Block 9; thence North 89 degrees 27 minutes 19 seconds East 15 feet; thence South 0 degrees 06 minutes 07 seconds West 151.50 feet; thence South 89 degrees 27 minutes 19 seconds West 15 feet; thence North 0 degrees 06 minutes 07 seconds East 151.50 feet to the point of beginning. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever. And, said Grantor hereby covenants with the said Grantee that it is lawfully seized of said land and premises, that the same is unincumbered, and that it will forever warrant and defend the title to the said lands against all legal claims whatever. 95028605 IN TESTIMONY WHEREOF, the name of the Grl'or is hereunto affixed by its President and its seal is affixed by its Secretary, th s '5(day of May, 1995 THIS INSTRUMENT PREPARED BY. Rudy Moore, Jr., P.A. Attorney at Law P O. Box 580 Fayetteville, Arkansas 72702 FAYETTEVILLE SCHOOL DISTRICT #1 ACKNOWLEDGMENT STATE OF ARKANSAS ) ) ss. COUNTY OF WASHINGTON) On this day of May, 1995, before me, a notary public, qualified and acting within and for the said county and state, appeared in person the within named Jeff Koenig and David Wilson, to me personally known, who stated that they were the President and Secretary of the Fayetteville School District No. 1, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said corporation, and further stated and acknowledged that they had so signed, executed and delivered said instrument for the consideration, uses and purposes therein mentioned and set forth. IN TESTIMONY WHEREOF, I hereunto set my? offs, -1 seal this day of May, 1995. My trAtti 'c X Public as ngton ouhty, Arkansas My Commission Expires 3/2/2004 Nota 2 95028606 1 • 4111111 WARRANTY DEED MUNICIPAL CORPORATION BER KNOWN BY TNEBE PREBEND); THAT the CRY OF FAYETTEVI LE, ARKANSAS, a municipal carpo' salon. hereinafter sled GRANTOR, for and in coSdsglon of is sum of One Dollar ($1.00) and other good and valuable cerugderadon, De realpt Meath le heraby admowWdgsdi don hereby oro,. barge. gel .,d corway unto FAYETTEVILLE aCHOOL armor No.1, hargYuttr Glad GRAMEE, and unto Grantee's successors and arlpn, the following described lend, .hate In Washington Cavity. State of Arkansas, towltA Toprt of dia .sere 1Northeast Maar* (NEN) of the Northeast Ouster(NE%) of Section Twenty -One (21). Runge Dirty (30) described Commencing at tie Northwest comeroai m40x0 eve boat thence South 00' 0' r Wes along104VIttlu West line of said e0 re tract 37800 feet to the Poker of Beginnet; tuna Borah 00' 06' 2r West along said West lore 200.00 feels theta East 400 feet thence Nutt 200 feet thence West 32116 fan to the Point of Begirnhig, containing 1.B4 scree, Tram W ler, TO HAVE AND TO FOLD the mid lands and appurtenances t wevao belonging um- •`n said Grantee and Di rhea successors and aaeans. lager. And the saki Granter, hereby oownams Ow It le lawfully salad of said lends and premise: Met the sou Is u inournbend. and that the Grantor will forever warn= and defend do tide to the said lands maths all legal deem w?eWr. 41111 WRNE,w,,,.., s 88 Dor hen td n. and soar a 1614 dray of Z MEEQ_ ,,•••••• aa 198.'L� 4es': ............ ';$ CRY OF FAYETTMALLE D'P r+ i 1 .r,.4 + J.r BY. 2 r R;xi'k hu,.... reel STATE OF ARKANSAS comm. OF WASHINGTON ACKNOWLEDGMENT ) as SE R REMEMBERED, that on this day env before the undersigned, a Notary Public, widdn and for the Gbu ly aro Stem toresat. duty cardelawd and actin 2. peraouSly N0peered, Fred lien. mixt Trod Pad, to me wee ketol. who authorized t ere Mayor and City Cleric of to City of Fayetteville, Aransas. a municipal corporation. and are duty of els maiebab raapesve spam.. to execute the foregoing inhumes Mr and h the name end behalf .me id munrent l omprato, and further sated and adaowledasn that thy bad so *'spud, erreaasd and delivered r the octhSOrson, uses and papoose therein ,,-.Sand and ,rd. fa WITNESS my hand and seal on tele 191+dry of tercfREEIL 1011S__, 1 Notary Public 95027701 k