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HomeMy WebLinkAbout76-94 RESOLUTIONRESOLUTION NO. 76-94 A RESOLUTION AUTHORIZING THE PURCHASE OF 3.0 ACRES LOCATED ON THE EAST SIDE OF HOLLYWOOD AVENUE AND SOUTH OF HIGHWAY 62 WEST IN THE AMOUNT OF 552,500.00, FOR THE PURPOSE OF A FUTURE FIRE STATION AND OTHER CITY USAGE. BE IT RESOLVED BY THE CITY COUNCIL 01' THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the council hereby authorizes city staff to purchase 3.0 acres located on the east side of Hollywood Avenue and south of Highway 62 West in the amount of 552,500.00, for the purpose of a future fire station and other city usage. A copy of the Offer & Acceptance Contract is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this day of July , 1994. ATTEST: By: Sherry P. Thomas, City Clerk APPROVED: By: SIC. Fred Hanna, Mayor 1 OFFER AND ACCEPTANCE CONTRACT 1. The City of Fayetteville, Arkansas. a municipal corporation, hereinafter referred tc as the Buyer, offers to buy, subject to the :erns and co'citions set forth herein. the following described property: SEE ATTACHED EXHIBIT 'A" FOR PROPERTY DESCRIPTION 2. Purchase Price: Subject to the =o!'ow.ng conditions, the Buyer shall pay far the property at closing; the total and casn paymert cf $_52450C.03 . 3. 3. Contingent Earnest Money Deposit: The Buyer herewith tenders a check for $525.00 to Patrick Henry Burne:t I I as T•„stee of the Pair ck Henry Burnett II Revocable Trust hereinafter eferred to as tre Seller, as earnest money, which snail apply on the purchase price. This offer of purchase is contingent upon approve' of the City Council of the City of Faye:tev ::e, Arkansas, and, if :hey do not so approve, the earnest money deposit will be returned to the Buyer by the Seller. If title requirements are not f:,lfil:ed or the Seller fails to fulfill ary obligations under this contract, the earnest money shall be promptly refunced to the Buyer. :f the Buyer fads to fulfill his obligations under :his contract cr after all condit ons have been met, the Buyer fails to Cosa this transaction, the earnest money may, at the option of tre Selzer, become ',quidated damages to the Seller. A ternative'y, the Seller may assert legal or equi:ab e rig~ts which it may have because of breach cf this contract. 4. Conveyance will be made to the Buyer by general Warra":y Deed, except it s! -all be subject to recorded instruments anc easemerts, if any, which do not materially affect the value of the property. Such conveyance shall include mineral rights ownec by the Seller. 5. The Seller she'l furnish, at the Buyer's cost, a policy of tile insurance in the an -cunt cf the purchase price from a tile insurer -op company as selected by the Buyer. 6. Taxes and special assessments cue on or before closing shall be paid by the Seller. Insurance, general taxes, ad valorem taxes, special assessments and renta payments shall be prorated as of closing. 7. The c osing date is designated to beIa ( 45 ) days after acceptance of this offer by the Seller If such date of closing falls on a weekenc cr holiday, it will be hely the following wcrk'ng cay. 8. Possession of the property shall oe delivered tot .e B.. yer on :he date of clos ng. 9 All fixtures, improvements and at:acheo equ omerit are induced in the purchase once. OFFER AND,ACCEPTANCE CONTRACT Pace 2cf2 1 1 1C. Risk of loss cr damage to the property by fire or other casualty occurring up tc the time of closing is assumed by the Seller. 11. This AGREEMENT s^all be governed by :he laws of the State of Arkansas. 12. This AGREEMENT, when executed oy both tre Buyer and the Seller shaii contain the er.•ire understanding and agreement of the parties with respect to the matters referrec to nerein and shall supersede all price cr contemporaneous agreernerts, representat ors a -d understand ng with respect tc such matters, and no oral representatons or staterne':ts s' -all be considered a oar! hereof. 13. This contract exp.res, if not acceptec, cn or before :he day of 19 14. NOTICE: BUYER ASSERTS AND SELLER HEREBY ACKNOWLEDGES THAT THIS OFFER IS EXPRESSLY CONTINGENT UPON THF APPROVAL OF TI -IE CITY COUNCII. OF FAYETTEVILLE OF THIS OFFER OF PURCHASE AND THAT THE FAILURE OF THE COLNCIL TO SO APPROVE WILL MAKE ALL PORTIONS OF THIS OFFER NULL AND VOID INCLUDING, BU— NOT LIMITED TO; THE RETURN TO BUYER OF THE $ 525 CO EARNEST MONEY DEPOSIT. Date • ahAY- MAYOR Date CITY CLERK I 11.1.1:1711" 11'1 Jr1711•I .1 /1,/ elk CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE DATE: August 2, 1994 TO: Traci Paul, City Clerk FROM: Ed Connell, Land Agent RE: City Land Purchase Future Fire Station Hollywood Avenue, Fayetteville Record Docunientauon E\I PLAT �.54 On July 19, 1994, the City purchased property on Hollywood Avenue, Fayetteville, for a future fire +cation and other public service uses. Included herewith fur City records are the following documents concerning this purchase: n Original Trustee's 1)eed, dated July 19, 1994, to the City of Fayetteville from the Patrick Henry Burnett Jl Revocable Trust, conveying 3.00 acres in a part of the NE'A of the NW %4 of Section 20, Township 16 North. Range 30 West (Atlas No. 559), a/k/a part of Block h7 of Westwood Addition and filed as I)eed Record 94045551 in the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas. Closing Statements of Purchaser and Seller; total price of $52.500 derived from Sales Tax Capital Improvement Projects funds under Account Number 4470-9470-5805.00, Project No. 94016 0000. t. Copy of City checks, Title Insurance Policy in the amount of $52,500 with Fust American Title Insurance Company, Copy of City Council Resolution No. 76-94 authorizing said purchase. Property Survey, dated June 21, 1994, by Alan Read & Associates, and filed in the of the records of the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County. as Survey No. 94-047390. o Offer and Acceptance Contract between the parties dated June 20, 1994. a Appraisal of said property by The Real Estate Consultants, dated June 17. 1994, and • Copy of associated lot split. This particular property was part of Parcel No 765-12172-000 (County records) but will change in 1995 as a result of the lot split prior to the sale to the City. Please advise if other information it required. /ec TRUSTEE'S DEED KNOW \1,T. MEN BY THESE PRESENTS: That. T, PATRICK HENRY BURNETT I I , Trustee r:f 1 he PATRICK HENRY BURNETT [I REVOCARLE TRUST uif'd dated June 29, 1982, for and in consideration cf the sum of One Dollar 1$1.0(1) .and other good and valuable consideration 1c me in hand paid by 1hr CITY OF FAYFTTFVII,1,}, ARKANSAS, a municipal corporation, hereinafter vaned Grante-, do hereby grant, bargain and sell unto the Braid Grantee and Granters' sueessor -)r assigns, the following described land, situate 1n Washington County, Arkansas, to -wit: ; r 1 part of the Ncrtheas1 Qu rrf er (NF 1.4: of the Nor1 hard Quarter (NN 4) .' of Section Twenty (2C1, Township Sixteen 11e) Nn r1 h, Range Thirty 110) 14Pst , also known As part nf Block Ni.mbe red Seven 1 7) and a part of Block ▪ \umbPred }'our (4) in the Re. -plat of Westwood Addition to the City of - Fayetteville, Arkansas, as shown upon the recorded plat 'hereof, on fi'.e in the office of the Circuit Clerk ani FN -Officio Recorder of Washington County, Arkansas, more par•• tcularly de s(r'bed as fo::ows, to -wit Conmrerr i ng at, the Sout hwest corner of :;a .d NL. 1:4 of the NW 1 . 4 said point rl briny and existing stone; thence Soul)] AR degrees 51 minutes 00 seconds Fast. 200.00 feet to a railroad spike on the Fast right of way line of - "Hollywood Avenue; thence North 00 degrees 16 minutes 29 seconds F.ast along ▪ said East right of way 150.10 feet to the POINT OF BEGINNING; theme continuing North 00 degrees 16 minutes 29 seconds East along card Fast. ✓ ight of way line 6510.66 feet; thence leaving said East right of way line 1 South 88 degrees 513 minutes 11 :seconds Fest 282.33 feet to the West line nf . • ‘the hove Box Company, Inc. property as, recorded in deed hook 882 at. page 550; thence South 00 degrees 22 minutes 07 seconds West along said West line 350.66 feet to tho North line of Block Fight (8) r:f said W'st.wocd ▪ Addition; thence North 88 degrees 51 rei nut.es 00 seconds West 125.89 feet to the Northwest corner c` said Block right (8); thence South 00 degrees • 51 minutes 00 seconds West: along 1 he West line of said Block Fight. (8) 300.00 feet; thence North HH degrees ria minutes 00 seconds Nest. 156.64 • feel, more or less, to the POINT or BEGINNING, containing 1.36 arres, more Nor less. LFSS AND EXCEPT the S:,ul }• 1 CC feet of the above described tract, said exception being more particularly described as follows: A part of the N T 1/4 of the NW 1/4 of Section Twenty 120), Townsh;p Sixteen 116) North, Range Thirty 030) West, also known as part. of Block Nunhered Seven (7) in the: Re -plat of Westwood Addition 'o the C:•.y of Fayettevi:•e, Arkansas, as shown upon the recorded plat thereof on f''e- in the office of the Circ•nit Clerk and Ex -Officio Recorder of Wash•nyton County, Arkansas, and being more particularly described As fo-'ows: Coramenc'-rig at the Southwest corner o f said NF 1/4 o f the NW ' ' 4 , said point being an eX t sl ing stone; }.hence South 88 degrees 53 ninnies 00 seconds Fast 200.00 feet to an existing railroad spike on the Fast right of way I I ne of Hollywood Avenue; thence North 00 degrees 16 minutes 29 seconds Fast along said right of way line 150.00 feet 1 n the POINT CF BEGINNING; thence North 00 degrees 36 minutes 29 seconds East along said right nf way line 113.0:1 feet; t'ene:e leaving said Fast right of way line South 88 degrees 53 minutes 00 seconds Fast. 157.06 feet to the East line of said Block Numbered Seven i7); thenar South 01 degrees 51 minutes 00 seconds West along the Fast line nf Block Numbered Seven (7) 100.00 feet.; thenre North 88 degrees 53 ninnies 00 seconds West 156.64 fee] 1i ilei T 1T\T Of R)flINNT\G, containing 0.36 acres, more or lent!. TO HAVE AND TO HOLD the lards ind Appurtenances thereunto belonging unto the said Grantee and Granter's s,r,rr•ssor or assigns, forever. And the said Grantor, hereby r:rvenant 11..s1 T an lawfully se•1ied of said land and promises, that. the Harty is, une•nrunbe:red, ane 'ha' I wi'- forever warrant and defend the title to the said lands against a ", lega; r:a:ns whatever. WI TNESS ny }rand and se•..1 on I h e s 19th day of .lu : y , 1 994 . PATR:CK HENRY BURNETT 11 REVOCABLE -R:.ST r RY: 94045551 • • • ACKNOWLEDGMENT STATE Or ARKANSAS 1 ss. COUNTY OF WASHINGTON! Cn this 19th day of July, 1994, before me, a notary public, personally PATRICK HENRY BURNETT 77 REVOCABLE TRUST a "t ,'d dated ,Tune 29, 1982, known to MP (or satisfactorily proven) to he thr person whose name is subscribed to the foregoing instrumnrrt and acknowledged that she had executed the same 3n her authorized capacities for the purposes therein sot firth. 1n witness whereof T h,reunto sot my hand and officia seal. Cj %� } 1br 1 N )TARY pr r ores r.eaL My rornmiOnWOR E SRQNSON.JR. NCTAFV PUeoc ',Rww6As waster t'_N COUNTY WCyr-maw ky. 'St 119 fs• 2032 1 94045552 • • • DATE 71191°4 _ P i:RCIIASF.R City of Famemtevl.:e. A::1:;;;.5, • �r"ATLMEN'" '�✓�Scd 7///f/y, A -:_n.r7; al roryarat!on SELLER ?arrf ck Remy _Sarret 1 ___ ; ;r.. •. _r.__- , STREET ADDRESS LEGAL DESCRIPTION Fart c! (a SALES PRICE EXPENSES OF PUP'RASE: TITLE INSURANCE CLOS:NG rL'E RECORCIN3 FOES PREPARP:G CCCEMW:TS SURVEY REVEN:. t S:'AMI'S LAWYERS OP:.`:TCN TOTAL EXTENSUS OF C:.CSING: GRCSS AMOUNT DUE .:RCM Prcr_;!AS!:C CREDITS CUE TO='.RCIi;SFR: EARNEST M •"EY PRORATED TAN!. MO::TGAGE ASS::YED S::RC'EY •1;2) TCTAL CREEITS: NET AMOUNT DUE FROM PURCHASER AT A r•, R 6 7. Resrvnad :.!du. Fav: S C, -.USING S 1•?.syr.c0 Co i • i4. x22.7 $ :1331.43 The underr..yied achr,ow:edge t:N rerr -J: of this c]os i ng a`aLenert and agrees to the COrrertncas :hrrenf, and a.l.:,or:zes tie dtsh-a serent of Lhe funds as stated iferr•i n. CITY 0 FAYETT;Y:1.:.S. AF,AASSAS BY:i RCRASFR The above i3 a roirpl••t1 and disbursed in cn::-(rt-Lan w:!1, ✓:;RCI!ASER nue and comic- acres: -t of f.. -da re:e:ved 1 he ,.`..rve tran3ac 1. ior. BRONSON ' crriAC' C 3MPASY, I':C. !:Y 1 • • • ACCO.,NT N..MBE R AM:,'.':T DATE III FE RF%CE INVOICE AMCUN' AN: RE TARN • • C001222 CISCCUNT NEI AMO:.NT 4470 v47C 5805 00 242.07 01/25/94 Final c13sing cost on City purchase 94:::5 0001 of 3.0 Acrcs from Patrick Henry Burnett 1: Revcca'.le Trust. For future Fire Station located on Lollywood Ave, Fayetteville,AR ?t. B.,: e7 - Westwood Addition 242.07 CITY OF FAYETTEVILLE, FAYETTEVILLE AR - it= ria= 1 BANK OF FAYETTEVILLE 1 FAY TO T.41 ORDER OF A A Bronson Abstract Company { P.C. Box 1149 Fayetteville, AR 72702 -'S --I - V 61 -•-•1-. .: •. - "1 CITY OF FAYETTEVILLE I.ar lr, :il. :P CAPITAL I&PRCVEMENTS CONSTRUCTION FUND 4447 CASH CODE 44447 «00 i 2220 40629016 194 N0.0001222 *****242 DOLLARS AND 07 CENTS***** DATL 1.F-AMOLN" 07/25/94 5242.07 7000'n 1C 31'A , • • DATE "3 •-_ SELI.hR Parr i c • 11:21'1:.;.. ! Sd:etre... • !4XPENSES O. TIM? _.....1'.y.:,,E. rrc::2.^.:1: ; FEC; aRrrnR:':-. , :. SURVE} - • s • • r..%r .: ;rS r.. • .;ROSS As:. ": 7:` .. iv. 1'...1'4 r'E.i A. .E•F7,'TS DFE 7C p•1) .,. EAR.. rS': ':"F'• TrACPATED r1,A:. GEED:':F: • r and a Jr:•: s :o ] E. ecru r ••ee ss ' E.• • . • . .::na5 d5 Sir.-J. .-:.1- .• . NY : cnAS}R • • MIN • r • 1tl; t -.r :,g stater en'. and disll:rsa. .E 1:. r-••.re'..r .._r. �. .r. -. n::Sr fun' •,-�- -�C';. n. ip • 1 • A:COUNT N.,MBER AMOUNT DATE REF E Fir\Cf ,•...01-1/124 CA"E^EV L•E PAY :C ' HL CLIDER OF INVO;CE AMOUN- ANDRE'V 0001210 DISCO..N• Nr AMOUNT OSTM, I:I I : I /!+U!tN•::1 1. r I : CITY OF FAYETTEVILLE. FAYETTEVILLE, AR CITY OF FAYETTEVILLE CAPITAL IWPROVEMFNTS CONS -RUCTION FUND #447 CASH CCCE 4.3447 OROUfl ON AUSTRACT 01 r'u U11X 1149 1=AYET' LVILI-._ Ai :2102 • I:' ▪ 111 1' - Na 0001 21 0 AN ] DAT L NET AV61.N' IAv4 1210 1.5 .n:;•a u`f. • SCLLE:e. STATEMENT DATE 7; 19%54 SELLER Fe trek Herr: Burnett . Revi:aSle Tru r BCYDRS City c: Fayct tevi::e, A. aas.. , ,.- torn: •'a^.'s'r ,rrscd 7i9/7.54. STREET ADDRESS LCOAL DESCRIPTIO'] _'alt of NE! ti.!_2('=:'-5;_'..4a Pt_B:kI l<ertwtnd Asda, Fav SALES PRICE OTHER CREDITS: • EXPENSES OF SATE: TITLE INSURANCE CLOSING FEE $ `a.r:• RECORDING PEES $ PREPARING DOCUMENTS a" --.Jr. SCRVEY (!) REVENUE STAMPS $ ' EARNEST MCNEY SALES COMMISSION MORTGAGE PAYOFF TAXES :993 14 TAX PZCRATION :fly: TOTAL EXPENSES Cr CLOSING: • r sl C@J.C7 $ 79 NET AMOUNT. nun TO SELLER q 5:,L•J.21 The unders_cned acknowledge the receipt of this closing stater.ent and agrees to the correctness t`•rrero`. a -d authorizes the dis}:nrse-ee-t of the funds as stated therein. PATSLIA HEYRY E1 v t.'—y 4E CCABLC :n:s: e -. J SELLER Tras:ey/ SI:I.1.Elt The above is a complete. true and correct acco.:.t cf funds received and disbursed in ccnneetion with the ai:nve transaction. DP.fNSON,ARST ACT. COMPANY, INC. sgiet ( LOS NG AGENT BY • , COMM] I'M EN1 I*is.111 LE INSURANCE tSSI1 I) BY First American Title Insurance Company a(a/1/Nlnii•1.l p"ran•oP h,'e'.ntdne•,lelh(on'pw'1.leeralahla''/e:''raidlTd1.rt,.nerd- 1,fippnIit, 1r•L,,!le•!, p, l!.t'1 o'p'tic i. i•4 Al?rer,urrdh e, at hle'n l: 11e'.1'11 \: 'i. /11?' 1. ii !al nr tit the prop.. ,t d lmurrel Laine§lin S. he.lule 4 .1.1 !U7 OF ",ii? 1'C.'4 UIthe !,'ale'•,r;l;;el.T1'.11ared herebI il!rhe land de,:flied , rre/erred ;.1;n S.hee1141 A up..n pa 1'111t111 . f he i•111177!!l1l, and herr ge% iter.140- 11.11,,e 1.1 r• pi In '", rl S. he Jules 4 and B ana lr• the ( .''d'i'nt and .S;ple/aile.n, herer.l. 1)1,,+ ( rinrq;;;T'e'ch; 'hall he ei/., i;e r'o'li n ne '7 '17l i•1.'T;111, r•l he in o'.1ed /l'oure'd and the al He. ullf of the l4.iie1 "r pi in ;e. •.. ln.''tu'dl•" hilt. nee'1 in ke!;ed 1'' Se ;twirls 1 he:ce 1h the ( 'n;l:an l• either in l he; line rile' i•”/an, a of np, ( u'nnldelle 171 or 1'l `ui"dljaPn! elitlelr,r'l!N•ni 1 hi+ (•bn'R,e;tne11;+ ple'Ir",'1.arl i•• the !••1faN, e • /' a hp;lh. 1 bl p•rli.'ie, r.l lr!jP P1'ul(Abe anti a/l /icll'7/;; 1 and ..hiigann!, het ..un et ,hails'a'e and tern' wale 1# 1t rY".da'Nat ter the ell.atill' dale he, 1 •,l Or !.'her; ;hep,• 1., .. pith, re, c ' Vt;nlif te.l h)r these! r„ea . '+ hes il! ' it hr,; .11 , 4.4111. pr, 'ti../ed lila; the larlure lr, ' 11ue %ni 1, 1:rdr:: ,11 past ,e' 11:'1 the"cub .'1 the ( r. 'Milan•. /r�I est (loll nzilnu 7l than nr.1 n: talk/ ,Pr bin ii/7:':1,,i;; qu;ler . ne,l hef•ni h• a 1 ai;daring t)/i!,'.” o':1 gent. ti/11.R1.r%Isle's' 1 ....a" /'h In„ran.e(.nnpal'll;a.toaraeait, .nrparig'twine and +eai it, he hereielflo %e.11' 1;, ,111'1 ail;lie r':e:1 ,'(/I t r' on nn• ,late' ,l' i.' 11 n7 .S: hed,de A. ai I /2S 1 1 11 I. R/( 4.V I7 /!) / \. MIA( ( O.111'.1 t tt1lF ns6, • * ° ' 4 . i Q a J ••.• a• • e 111 ' etriElO l:11a ATTEST : lTs.rL•'a eS y• .g 44.6 11.10. er.Aada.r+:ed SIgnaulre. 4s 4ge'n; •e• e r e 11! jr kiaiy G, Ij / CONDI: IONS \\1) \ •1 I:19 I 1:ONS ` ,vrr•4ary the ter•-: mortgage, vice: used •'ecin. sha.. induce deed of tlust. trust dezd, 1`: other secut:h instrument 2. If tic proposed Irsmect has or acgl..res ac:ual kn.nsledgt of in Ce;e.. lien. encumbrance. adtersc c1a:ni or other matte! aft cc: i ng :he r• t at c or interest e r. n() ri page the! e.':; uincred y) 1^. Is Commitment other than 1-ose +lion 11 in Sehec e. e 13 r.erco:, and shall ta.. to disclose such Know ledge to eht Compal' in u icing. t: e Company '"all he reliesed fro:- liahiht} lo: any loss o• carnage lesulling iron.. ant ,.c, ..1 le Lance hercor to the extent the Car pan' is p:epidiced by lailure to so disclose sae:! knonleCre. It I'c proposed Insured shall disclose sunt Lnouledge :t1 the Company or .: 1 he ('ompari% otheruice a gtines actual knon .edge of ant such cetect. lien. encumhranx, adserse cls.::: or other matter the Company ,1t its option :::a\ amend Schedu.c 11 of this Commitment acco:dmgty, n.:t s,:ch amendment shall not •rlicsc the Company from liability p:et:cus.\ mcl.•red p.:: suant to Paragraph 3 of these Condit ons and Stipu.ations. 1, 1 iahilil, ,n the Company under thh Commitment shall he or. t to the named proposed h'u'ed and such parties included under the definition of IIn'Jred to the toren nl p plies I+: policies comm::ted fun and only lor actual loss ineu• 1 cd in re.lance hereon m 11ndcrtaLing in p. -..1J fat:h;al to comp) n i(it the requirements hci eof. of (b) to elimaatc exceptions shim I; In Schedule 13. or ;.a to aetl,.ire nt meats the estate interest or mortgage :hereon cotered'\this Comn:tel:ort.Ir..noc'entshall such liability exceed the amount ssated.. Schedule A tor :he po:icy or policies comm'C.:e1 for and suc'1 'tab ln\ is suble.a to : he insurlrg proe.surns and :he C'n-:ditions and Stipulations, and the exclusions front coserage of the loim 01 policy or p olieies committed for in favor ol the pr ()posed Insured h.ch are hereb% incornonciled h\ relerenceand arc made a part of this Commitment except as expressly mod.aed herein. 4. Any action or act.ons or lights of action 1rat the proposed Insured may hase or ma% bring against tcc Company arising out of the status of the title w the esta:a or interest or the status ol the mortgage thereon catered b\ this Commitment rest he based o•1 a::d ax su:+.lect to the pro%isions of this Commitment. AMERICAN LAND TITLE ASSOCIATION COMMITMENT -1966 AMERI 0 9 • • • RESOLUTION NO. 76-q4 A RESOLUTION AUTHORIZING THE PURCHASE OF 3.0 ACRES L(X:ATED ON THE EAST SIDE OF HOLLYWOOD AVENUE AND SOUTH OF HIGHWAY 62 WEST IN THE AMOUNT OF $52,500.00. FOR THE PURPOSE OF A FUTURE. FIRE STATION AND OTHER CITY USAGE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Council hereby authonzes city staff to purchase 3.0 acres located on the east side of Hollywood Avenue and south of Highway 62 West in the amount of S52.500.00, for the purpose of a future fire station and other city usage. A copy of the Offer & Acceptance Contract is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this day of July , 1994. ATTEST: G�� By: ut q 7 Sherry U. Thomas. City Clerk APPROVED: By: Fred Hanna, Mayor wll_Nwca NEANital, • t Sic 20411-319 • 0 2 �o 42 _on aaaaaaaaaaaaaaa f /° - f1S T ERE Ctem........r....,,.0 1� 2e. S'I A3F.OI' s • l %ABICAN'AS ii 4°36291E- rs�yj g h' r 15 1 i UNATOIF aaa LAIMyQ?'•• GRAPHIC SCALE: 0 50 100 1 200 L* II P09Mc0a.Me- f HOLLYWOOD ▪ Pipe. NE Cor NEA,NIGM,Setti8 30 46 „MAW serssbdt 282.331 NOe3612WE 660661 t N0e39T/'E 90066 103' 2.996--_ A 2 3' 90.,N66ee3Od'w 126.89 ~cabana? 167.06'0 0sersbd1E 167.08. s NO'361'8'k too' — • 0•308 Ant 118 N88e33b0"W I56.64p NO038Y'S'tgood -1 200 I N9SpOie 156' 'SwGor NE14,N16AI,Sen 25M-30 S86°5MI0 [ A part of the Norttnst Nadu (pIU of tee IgrtWnt Curter dBW: el Section Twenty IZC1, lama:p Sixteen 1:61 North, kr. thirty 130) Bed, du 1neen as a ;art of Slott Numbered Soren 171 and a part of Ilotk Numbered Fcsr (6 1n P1 Be -plat o1 Mistime: Mddtion to the City of Fayetteville. Arlansem, as sheen elm the recorded plat thereof. on 1:r' in the office cl the Circuit C:erl and Et-OHi uo Recorder of Mashirgtor Conte. 4rkanus, and hung sore parlicalarly described as 10113511 :ou.ntinl et the Scethsest terra o1 said ate e1 t't ISL said pert being an muting stow: thence SE105?'00'E I00.00 feet t: an ensting railroad spice n the het right -of -rev of Ibllyvooe £rer.e: therce 110043E121'E along said right -o' -say 150.00 feet to the sort of be;innsnel therce 1130'26'25'E 'long said right -af- ore E5456 feet: the+re leering seld East right o'"var line S88453'03E 282.33 feet to the last line of the lore Ioi Coogan,. Inc. property as retard': rn Ino Scot 632 et page 550: the-ce S00'I2'091 alorg said hest line 35C.66 lest to the North line :1 Lech Eight 18i 0l said IPst.00d Mdltirr, thence I88'52'004 125.119 fret Io tfe air^vet corner of said Bled Eight IBI; Mice S00'51100'6 along the Sul line of said Blot. Eight 1S1 308.20 fret; thence 1161'53'00'6 156.64 Leet to the eo:rt of hegennrg, containry 3.36 , eore or Ins. LESS 163 U:EPT the South .C3 feet el lie Mee dnncbed tram, said nceptsor hire pert tar:udar:r dnci:hid is 'el1.vi: a part of the annuli Certs, CAM of the Mrtrrnt Wafter /pee cg sntnn Twenty c20r. Tovieht: Sitters (161 North, Baigv Illrly (301 ant, PPP LcrEamMM soe22brw 36066' 911 39' POB Lo.Bmta soesltooiW 2oo.00' 9aMrurTwno8 Orua,C0 soe6Ebonw tool -soesI'OO'1e 150C 132206- — brE ' 1324 32A ".3 RRSPt1.SE Gar MEAN NW/41,Sn 20.16.30 also k-ovn as a part of Sled eu.bered Sun ;71 :r the Re -Oat of Mntvoad aedittcn re the City of Favettni.le, Arteries. as skarn inn the reccrded plat thereat, o- file it the oilier of the C:rca:t C:erl aye Ei-Officie Recorder of Mastingtoo :9enty Arkansas. lye being ere part:Marty described as follows' :onencing at the Southwest correr cl said MEC of the NW, said poirt hung an ulstinq store: Penta 886'53'30'E 206.00 feet to an editing railroad spike en the Fast rieht-o4-say el Nallyuaed 4 ; therce 030'3S'2S'F along sacs ri;ht-cl-ray 153.00 fret to Ile Awl of beginning; therce 110003E'21'F along sad r:cel-ol- ay 100.00 feet: thetce tearing said East r:, t-cl-car .iv E81'53'OC'F 157.06 feet to Pe East line of said B]o:e Seven 17.: thence 8C3'51'004 along the East ::Y of oast Ilea Sear 111 100 CO feet; Iherre 16I'53'0C'e 156.61 'eel to the point r1 teq.rinnc, containing 0.26 a:res. sore or Ino. Ryer: City cl Flatter.11e, 4rtatas Soler: Berndt A:drys: Son` Nrllywod 141141.11 :iy.tter1G., Arenas Sic LEUNO • --FOLN13 IRON PIN O —S11 IRON PIN U STONE MARKER -Y-Y-- EXISTING FENCE ARA 9:€1 l -..tape y., .was. A L.r. \ 72'.1 501 994 5759 Fu 4990964 Alan R=id & 5ssinAn s hAMF "Pith .i..,s,,,........ T O11NTTF STATF tt Aafinee SCALE hay; 14c.t JOS NO 9-©t-7sgo • • TAX LEDGER SHEET ! 1 • 1e 11 I f I I .1 I I I I- l W J t I i I 0:1 1 p , 1 1 i 1 N. Washington County, Arkansas 0 •; .I 0 0 00 w I 0c J YII' 1 01 � i1 � c ! N o - ! 4 f T lc` In .O Q mime 0 0 0m m c c � v,l `a N�1•cm O. ! I kl k ; L*.' V61 6 I 1 r.a I$ li cI J • 61 1 r I :] e� a I �1 OF- WFSTWOOD ADD) 'T RLDCK 3 I c • c • U 1 a j I .1 14c 1 - t re . 1 ! t 1 x el A a n}`r, V "I 6 T U I� b O1 I O .- N 01 LL a CO CO a CO P ' O pal m i paj I^ tra to. cl s a ! lT- 1 � \s • , I I 1 1 a7 00 Q. O. rrv, (.I 1 a mac: ci)o°o r�" Q.. Cao ! o d ��, N % II g I I _1 . i O+ W 0 c Pt Block 7 i • REAL ESTATE 145149-rnn-CQ ASSESSMENT RECORD Washington County, Arkansas Y 12 11 o • NEW OWNER i 1C.A4946PAGE 0 0 a al • C a • a La a..T • 1 _. 2 CC 0 P Do cxs COcc Gel czi 4 c Stc, 0. Do ; 15' Z • tc Wc ^,a fl1� 3 a (>44 Oa 9" Ch 4 M`i 1„....— f f � y 0 CO po W T 0 a a S P C O• C1 .al OI T T O00 0 cr - 0 ' 1." —' " Va. - u - L 7 :C 12 - > - 0' -u h 4: U � 0 - cc ra w a V>I- .1a--.0 -u a 1 X> LL Q 4 I as a 1- ° _4 ea. a .1� Pt Block 7 s 0 J S • M w • 1• a.. 43 •W 1( IA 1 N N 0 0 -I N N, CO H H >1 H 1 a y mare as 7 Z .. — a O ~..I n dA a o :n c .ra aa •1y faF -- • � U a;ilc z 1. a T a• u , al CO -= a w .a 1 1 1 0 6 G 0 c H OI • V N n OA CO O f 1 • • • • • OFFER AND ACCEPTANCE CONTRACT • The City of Fayetteville, Arkansas, a municipal corporation, nereirafter referred to as the Byer. offers to buy, subject to the terms and condit!o^s set forth sere,., :he following described property: SEE ATTACHED EXHIBIT 'A" FOR PROPERTY DESCRIPTION 2. Purchase Price: Suo ect to the `ol'ow:ng conditions. the Buyer sha': pay for t^e property a: cios:^g, the total and cash payment of $ 52.500.00 . 3. Contingent Earnest Money Deposit: The Buyer herewi:h tenders a check for $525 CO to Patrick Henry Burnett II as T•,.stee of the Patrick Henry Burnett II Revocable Trust , hereinafter referred to as the Seller, as earnest money, which shall apply cn •he purchase once. This offer of purchase is contingent upon approval of the Cry Council of :he City of Fayetteville, Arkansas, and, if :hey do not sc approve, the earnest money deposit will be returned to the Buyer by the Seller. If title req..iremerts are riot fulf .:ed or the Seller fails to f lfrll any oo'gatrons under this contract, :he earnest money shall be prcrrp•ly ref,:nded to the Buyer. If :he Buyer fails to fulfill his obligations under th s contract o- after all conditions have been rret, the Buyer fails to close this transaction, the earnest money may, at the option of the Sel'er, become liq„idated damages tc the Sealer. Alternatively, the Seller may assert legal cr equitaole rights which t may have becaJse of breach of this contract. 4 Conveyance will be made to the Buyer Dy general Warranty Deed, except it shat oe subject to recorded instruments and easements, if any, which dc not materially affect the value of the property. Such conveyance shall include mineral r'ghts owned by the Seller. 5. The Seller shall furnish, at the Buyer's ccs:, a policy of title insurance in the amount of the purchase price from a title insurance company as se ected by the Buyer. 6. Taxes and special assessments due on or before closing shall be paid by the Seiler. Insurance, general taxes, ad va orem taxes, special assessme-:s and ental oaymerts shall be prorated as of closing. 7. The closing date is designated to be _1 2' ( 45 ) days after acceptance of this offer by the Seller. If s..ch date of closing `alls on a weekend or holiday. t will be veld the followi-'g works^g day. 8. Possession of the property shall be delivered to tie Buyer on the date of closing. 9: All f xt,:res. improvements and attached equ ornent are .ncluded ir the purchase price. • 1 • • • OFFER AND ACCEPTANCE CONTRACT • Page 2 of 2 • 1 la Risk of 'ass or damage to the property by f re cr other casualty occurring up to the time of cicsirg is assumed by tr.e Seller. 14. Th:s AGREEMENT sha be governed by the laws of the State of Arkansas. 12. This AGREEMENT, when executec by Doth the Buyer and the Seller shall contain the entire understanding and agreement of the parties w:th respect to the matters referred to herein anc sra•: supersede a price or contemporaneous agreements, representations and understanding with respect to such matters, arc ro oral representations or statements shall be co"s dered a part hereof. 13. This contract expires. i` not accepted, on cr before the day of 19 14. NOTICE: BUYER ASSERTS AND SELLER HEREBY ACKNOWLEDGES THAT THIS OFFER IS EXPRESSLY CONTINGENT UPON THE APPROVAL OF THE CITY COUNCIL OF FAYETTEVILLE OF THIS OFFER OF PURCHASE AND THAT THE FAILURE OF THE COUNCIL TO SO APPROVE WILL MAKE ALL PORTIONS CF THIS OFFER NULL AND VOID, INCLUDING BUT NOT LIMITED TO, THE RETURN TO BUYER OF THE $ 525.0.0 EARNEST MONEY DEPOSIT. 4tc/h, MAYOR i �S ITY CLERK 1e! -99 Date a/OAL Date • 1 • • • • EXHIBIT "A" TO OFFER AND ACCEPTANCE CONTRACT Revised 06-24-1994; Based an Survey Dated 06-21-1994 PROPERTY DESCRIPTION A part of the Northeast Quarter (NE1A) of the Northwest Quarter (NWA) of Section Twenty (20), Township Sixteen (16) North, Range Thirty (30) West, also known as part of Biock Numbered Seven (7) and a part of Block Numbered Four (4) in the Re-piat of Westwood Addition to the City of Fayetteville, Arkansas, as shown upon the recorded plat thereof, on file in the records of the Office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas, more particularly described as follows, to -wit: Commencing at the Southwest Corner of said NES/. of the NWS/a, said point being an existing stone; thence South 88° 53' 00" East 200.00 feet to a railroad spike an the East right of way line of Hollywood Avenue: thence North 00° 36' 29" East along said East right of way line 150.00 feet to the Point of Beginning; thence continuing North 00 36' 29" East along said East right of way hne 650.66 feet; thence leaving said East right of way line, South 88` 53' 00" East 282.33 feet to the West line of the Love Box Company. Inc. property as recorded in Deed Book 882 at Page 550; thence South 00` 22' 07' West along said West line 350.66 feet to the North line of Block Eight (8) of said Westwood Addition; thence North 88 53' 00" West 125.89 feet to the Northwest corner of said Block Eight (8); thence South 00 51' CO' West along the West hne of said Block Eight (8) 300.00 feet; thence North 88°53' 00' West 156.84 feet, more or less, to the Point of Beginning, containing 3.36 acres, more or less. LESS AND EXCEPT the South 100 feet of the above described tract, said exception being more particularly described as follows: A part of the Northeast Quarter (NEY) of the Northwest Quarter (NW%) of Section Twenty (20), Township Sixteen (16) North, Range Thirty (30) West, also known as part of Block Numbered Seven (7) in the Re -plat of Westwood Addition to the City of Fayetteville, Arkansas, as shown upon the recorded plat thereof, an file in the office of the Circuit Clerk and Ex -Officio Recorder of Washington County, Arkansas, and being more particularly described as follows: Commencing at the Southwest corner of said NE' of the NW% said paint being an existing stone; thence South 88° 53' 00" East 200.00 feet to an existing railroad spike an the East right of way line of Hollywood Avenue; thence North 00° 36' 29" East along said right of way line 150.00 feet to the Point of Beginning; thence North 00 36' 29" East along said right of way line 100.00 feet; thence leaving said East right of way line South 88° 53' 00" East 157.06 feet to the East line of said Black Numbered Seven (7); thence South 00' 51' 00' West along the East Zine of Block Numbered Seven (7)100.120 feet; thence North 88° 53' 00" West 156.64 feet to the Point of Beginning, containing 0.36 acres, more or less. • ae/i/D 4 _ av -2o- r ACCOUNT NUMBER • 0001175 AMOUNT DATE REFERENCE INVOICE AMOUNT CISCOUNT AND RET.,RN .,.•::7/94 Ei1RNF5t. wow T i IIULLI b;IC C fl • NET AMOUN1 25 00 CITY OF FAYETTEVILLE, FAYETTEVILLE, AR MIMIM BANK OF FAYETTEVILLE rsyzn[ .ac ANY.A!SAS THIS CHFCK MUST SE HRESLN'ED WITHIN 60 DAYS FROM 7ATf CITY OF FAYETTEVILLE 84•161 IAYETTEVILLE, AR CAPITAL IMPROVEMENTS CONSTRUCTION FUND *447 CASH CODE *4447 82 PAY TO 1 HL ORDER OF +*****5250OLLARS ANC CO CE'N'TS BURNETT, PATRICK HENRY 11 TRUSILL/REVOCABLE TRUST 4429 OLD MISSOURI RD SI'RINGCALL AR 77i54 M 1 6/13/94 NQ. 0001175: DATE NET AMOUNT 1175 $525,00 I �JItcling • • • • • • APPRAISAL REPORT FOP CITY OF FAYETTEVILLE • • PROCETT Oitv ;£ .aye`;@..._. ..•:l:.ae:i .':le Stat..r- ccat..: COUNTY om: y' on :03 _239%9 _ TRACT KA LOCATION H011vsoor. Avt:: FEE OWNER .j.y it'Be..., • i_...... ':r, ;... n _. r:.6ti: Favette:•.__e. AR ...::Kris 4423 S. _:d .'i.ss;..:. ravettcv:70 AR__ ESTATE AO_PAIctO __ f,e c o :e approA : n a: e' y AREA OF ti'rflE 5 AcrAs AREA AREA CF CL A 1Re :ega: Tescript .er a'' --nar• ;ERMA:J::NT :T: L: Y :ASEME ;A lEMPOFARY .,,,•:S_:.::C' cx E:A:4F.`EN NA CX: _- ESTIMATE: FA:ti MARKET VAL-E Pettre Land . . . . . . . :'^pr:•-re::^erts . . . . $ PIl A ERTY : Land . . . nrc:•e-a-:s Tota: FAIR MARKIC :A:.... Crr. C.,_::...., As O= • Sar - t • n:.....i;::::r JF ., a.a` 1/3 Land &I25 Acre 3 5::3 ''i+'•: T.C.E. Improvements: Teta: :mpruverent:-. Teta: Lard. T.C.L.L . ..:e-•:-:.. - TAC::'•LITS : .=a' X Fi: ::.cg: a r.a $ s 1.0 -5.107725J- tut- 2t -r, 4A,,ce 5e,:5J- 4G,,ce v.? 7'° i 0.71,?/-rA Noghhornood :5E3 .- ..ng. .]&B S Tar_... _ . - :'ax Assess: mni. :'3:.1 X _ - Market .^.a:3 .,r,^.:ac`: Mack E Risk ;tine : .:ate 1:;4 • • • ;E :A2. nSCRIPTI01; CF S;'BJECT PROPERTY • A part c` the Northeast 3:uar-er e the _.-_:.'.:t.est..ar,.er 1/4: of + t . :we:. - ... , .cwnshalo S:xteen :6: yNo_,... Range Thirty :3` 'ryes:., a_ss K:..wn as part c f Blocs .._^. Wer Seven :% in.ne Pe plat ccf.,, W ...-cd A.Laitiun to tne City of ba)ett_ev.__e, A: iea•.eas, as s:.• w:: upon . recorder. plat lherecZ, o:: f: _e an ..::e:_cords ..f -_. _... .:f ,nernc a^d Ex- Cf4l^:o aecord_r�of pias:::gt:�:.2-unty, Aransas.-.:repartao..lar:y descr.h-d as f_..w,,, N:xlicncin_; a the Southwest . ..::rr of said NE i/4 cf the NE :i4; thehce So..:: 66 degrees ,3' :14 ELI. :.1' the Sae- '_got of. way .:ne c_` :..o:::(*nod avenue � 'hence . sa.. Zas. :g c.: way dine Wort:, degrees :_ at :':...c7 --- .. is _ Point _ Bec_r.sing~ thence .. _ ., .::J teal East riaht of ::ay ..re North aegreeN C3 tee_ .re::- EEC.L fee_ r.ence :Paving said Bae: right. of way lino, Soucr.56 .. egrceL. =3 feet _ FRS': :,94. 6 feet the'... ,... „____ delrees.. .e. .. YEast 3:6.dt feet, thence North es de3roc•. EP tear. .: Watt 12. 6, feet then South 23 degrees .:_ Lee. West '- feet. thence ::orth a6 degrees E3 fret. CC" West :5E : ft.'.'. -. re cr _esee tc 'he Point of Begir:n--„ LESS AND E:YL'EP: .:e Soul" 1J^ fee. of wa-d property said excetted portion heinc re partica.lar:y .. .' _Y_tea as ft.::..ws. ^-w_t: 'cTTenc:ne at the aDSVP eescr_: r _ f .. r.a be -::ming, thence the East rail's"_ wap lane of .... - . -d Ave:..e, t:: C: degrees C3 feet 2_" 'West 1C0.CC feet hence So...... 611 degrees E3 _n_. 4f.' East 155.:, few therm Scat' -- d' e:e'. rs 1? feet ::t..:. .30.0.3 feet; thence . .t. 8d decrees5 tee 3c' Wes- 168. fee- .,,.__ cr less, at Point of Pei:nn:::g, .,_..ta:::ng after -+aid extept_on 1.125 acres, more c_ :Ess. • • QQE;ACTED FOR APPRAISAL INSPECTION AND CCMMENTS Late: June :995 Name Patr_:.n Henry 2.•ornett Comments: At the .:::anus recseat :.he appraiser dad not disturb the B.rr :etas. .ne p::::•er:y was-..apected by the appraiser ....:.N - .554 and t:.at is consccered the e`= ^• -re date of "n api.raisa. RhMARAS- At trc r.: iii: a. nest .:.y with . ne owner - January, :593, the owner expressed c_ncer n over the probable loss of several large -nature ..re: that stares in the easenent arcs he owner also expressed c ..:•Non that the .a'-1 be ____.::ed :c Its or1.2-na. condi- .n... t-.therncre. :tae owner te_t -ia'srcperty located at the canner of Mt Cccfort. :w. a i:'•.nn.e Rd :-.ay re ..--,.rc ial p:-cp'•r' y so -e day ano was concerned with how the crus -tent '.a-' arfga... this_.._.... of ,=� .._ proper-}• IRN-YEAR SA 2S HISTORY" he_.,.e_ty nas .toe n owned by Its prese n. oent•- for an excess if years. It apparel:: "y war ....... _ted per P r..., to D7,04 eJ-1.55 ::v P:str_ck H. A.:r^ett, `roc- P.??.£, rnett. Patrick Barnett converted ownercnac to ..:a :evocable trust an :982 par :teed Back : Payss 546 & `_ -. The o-ic_tool .... property Included additional _ands that have been -revaons_y ocnveved .neo have teen no transactions _:.g the suh:ect property .....n... _ ne past .roc years. CHANGES I£ PRCPt:NTY SINCE ZAT9 OF P; <CHAS n: ..`.ere ;.ave toe:: - chancres in , the auh-ect r e. p , y since he nate c!pa-chse METHOD OF AP1?_A'. SA... :he appraiser na:, utilized the Market ::ata c: Sales oTparesca Ap:p:: roc _ to value t.a_ s:.i: ect property the :aniat ove:rents cr. ,`.e subject and the lack .._`-..'.'i,atable .. Crcrnd data, the ;or: .. and=cc-e:A_. •lere not cicered • • SITS • • EEs;:PTTcN CF THE SUBJECT PROPERTY • "he suh:eot Site parcel at •he. .cad grade Hollywood A r...d :s ht... partially :eared and xooaedioyoigr,:w- land. :he s:te appeared to .-'. drain adequately an is not , a F=ood Hazard ea rater and sewer. lines are available axons Hollywo.:d Ave.. :he auL-ect. has a combination ct Heavy Cozrera_a: s Mont lnuuotrini cI and u.na:e Fz- :y cesident_a: tR zoning. TI.,h reside -tial zoning :a ocnf:leu tO a 100' st _ a' -g Yo_ -;..:::::i .ce. at the southwest. end oT tne rui:-ecti e re. -winder of e e - zoned ? _ Approximately .872 aures is r --ed R-:. a.._ ...:=i acres are zoned . IMPRWENFN7S No- e • • IL:GHEST.AND BEST USE • By ' }1:q test and Zest neant the ,..;st iike_y and profitable ase to ..21.1<•= arYtTe'ty Cr.sre p..t ., is r'' imer- walmo ed the prot_tat:- cr - t_.. use. that sewhi.^,., ~ at the __-.cc'. appraisal, would .rst� likely produce ..Le Greatestn ... —t.r.ey cr a-enittes. The a_ -praiser ?.ss :..a;yze:3 :-ichest and test use cf t :e s,.w-e=t praperty as in: 3 CWs : _:e s.fl e•e.' F:....• -.y _s .,..rently }.. _ tieing :zed. The lite is =coated ias_ae the Fa etre•••"e...tv .._..__s and as zoned Ginnie tar _y Res. .J.. Heavy ... ia: b ..ch :ndus`r:a: . :y .a at..3.- port <` the s.::jer- 144 zoo d residential. . a site api:e..3 s s:::: d:.:e f.:: loth 1 ::e cons: r...1 of cor.zero.a: type a -d ^• ^ences. ..`.e _rend in the ...oia•ards cc:.... a.,. the ... Jl. . ...:e s. tc. _- .. opinion o: rne i'jt+taiser :La . .. ,'s �..icaeet an,i hest '.:6e t5 `e .:e rercca; developn^ t ..z t.`.c zoned portions -t t:e _..r;ec with - ::3r. wit..... ..:es -_.I • aff c exposure and .isin.-..:y cut ca: henecct to a convenzent _ecat_cn. :he sra« riot lo: zoned res:de:;a-,_ ca:. 'e. ...to ._ts fa_ _..•.ter to MARKET EATA AP'PRCACH ANALYSTS ^F TEE RARI'c" "A': 7.N7 _O..,._US=oS OF ':A:... The Marxet _aLa Approach is a: te:.p'_ t.. reast.re the reactior. of typical o'..yers and Si ::ers n .n the r..k Ke.In th:: approach a direct corpar:ac:: is Tana be:v.een t::c: preperty pe_n= appraised a:d carparable prapar:.ies :ch .ave t-c.:i recently. Tha value of the property bei:.-• apr:a:se. is interred f: -'•r. ..~_ se__- :q pr.res of rnnparapoe p ope.:n c _ se ..nmpara;le, arrop__.; neeG ..). Le _derti%:a: to .re s:.b;ec•• f „e .._rd. -arable used n _ts .. ordinary sense, ,anin3 w i -F. is capai'_e of ne:rg cir.p a:ci ,..th ._ ,.... - = . of a__.,.... .he appra_ae: ?:aa: concocted an extensive search In: recent pcperty pales in the v:__.._ty t.f the s - ct proper:; 'wn:ch could v he _det eci c_^parab,: . . he -ect ::e attached <, sales were deemed _-pa:-a:l- tc t'.:e ca -"ct _ . erty. Atter analya:s rt.:.t:. a. -hese sales reflr...t likely ... ra ;ce f S . -, 3tc 5 23 95:.; ac: e- Tt apt aiser's� _ :---0 Cu"- a :a:.:e fa__ uppar section :fthta :a..._ ,cam__...... Based V Vand on theadd :at—e nt are. ad �•f or differences zp-1 av n ail.:ty co :es :actors, opinion ef ..is ar ala:`]e `f the atth e'. t i ... eaS fcllo s Value Se.:: the lap :_sat.:. Val.., Alt.:: the Aocals.ti.% Value rf At?_ -s....... a mos: analysts thereof, a:•.i after location, terrain, lar na cs and other r-'----- -- praiser that tne Fa.r Mar.:„- dote ... this appraisal _s Toro -- 73t3, $ 56mtiGG ; f/ "Err $ S AG,VGG C • -FAYETTEVI LLF THE C TV OF FAVETTEV LLE, ARKANSAS • AGENDA FOR A MEETING OF THE PLANNING COMMISSION Monday, June 27, 1994 at 5:00 p.m., in the City Administration Building, Room 219, 113 W. Mountain St., Fayetteville, Arkansas, 1, CONSENT AGENDA: A. Approval of the Minutes of the Regular Planning Commission Meeting of June 13, 1994. B. LARGE SCALE DEVELOPMENT - LEVERETT STREET TOWNHOUSES PH. II: Submitted by Dave Jorgensen on behalf of Jerry Sweetser. Property is located on the east side of :.everett, south of Sycamore. Property is zoned R-2, Medium Density Residential and contains 1.97 acres with 24 units proposed. C. LARGE SCALE DEVELOPMENT - SHILOH PLAZA: Submitted by Dave Jorgensen on behalf of Len Edens. Property is located on the west side of Shiloh Dr., south of Wedingtcn Dr. Property is zoned C-2, Thoroughfare Commercial and contains :.53 acres. D. FINAL PLAT - LYNN LEIGH HILL ADDITION: Submitted by Dave Jorgensen on behalf of Jim Wheeler. Property is located cn the southwest corner of Hwy 112 and Deane Solomon Rd. Property is zoned R-1, Low Density Residential and contains 8.45 acres with 8 lots. E. FINAL PLAT - PINE CREST ADDITION: Submitted by Kurt Jones or. behalf of BMP Development. Property is located east of Salem Rd., north of Timberline. Property is zoned R-1.5, Moderate Density Residential and contains 16.C3 acres with 72 lots. F. CONDITIONAL USE CU94-9: Property is located at zoned A-:, Agricultural. Breakfast. Submitted by Mary Kling. 5855 Tackett Dr. and is Request is for a Bed & G. CONDITICNAL USE CU94-10: Submitted by Porter Ebe. Property is located at 2948 Mt. Comfort Rd. and is zoned R-1, Low Density Residential. Request is for a Duplex. ' 13 WEST MOUNTAIN 72701 50'-52'-7700 FAX 501.575-8257 • r • • • PLANNING COMMISSION AGENDA JUNE 27, 1994 PAGE 2 • • H. CONDITIONAL USE CU94-11: Submitted by Matt Wengert on behalf of Angie Wengert. Property is lccated at :0 N. Garland and is zoned P-1, Institutional. Request is for a =ratern:ty house. I LOT SPLIT 41: CONDITIONAL USE CU94-13 & CU94-14: Submitted by Max Parker for property located on the east side of Gregg Ave., scuth of Sycamore. Property is zoned R-1, Low Density Residential. Conditional Use request is for two duplexes. J . CONDITIONAL USE CU94-15: Submitted by Robert Martin for, property located at 610 Overcrest. Property is zoned R-1, I.cw Density Residential. .Request is for a tandem lot. K . LOT SPLIT 41: Submitted by Ed Connell en behalf of Patrick Henry Burnett. Property is located at 1030 Hollywood Ave. and is zoned R-1, Low Density Residential ar.d 11, :,:ght Industrial - Heavy Commercial. L . LOT SPLIT #1: Submitted by Dennis Becker on behalf of Dr. Harvey Smith and Dr. 3:11 Dill. Property is located on the north side of Jcyce Blvd., west of Crossover Rd. Property is zoned R -C, Residential - Office. M. LOT SPLIT #1,#2 & #3: Submitted by Kirk Elsass on behalf of Joe Fred Starr. Property is located at 3340 N. College Ave. and is zoned C-2, Thoroughfare Commercial. 2. LOT SPLIT *2: REZONING R94-33: Submitted by Mike Parker on behalf of Frankie Kelly. Property is lozated on the west side of Morningside Dr., north of 15th. Request is for a lot split and to rezone 0.52 acres from R-2, Medium Density Resider.tia: to I-1, Light Industrial - Heavy Commercial. 3. REZONING R94-34: Submitted by Bill Rudasill on behalf of Kevin Latta. Property is located or. the south side of Huntsville Rd., east of Curtis. Request is to rezone 6.04 acres from R-1, Low Dens:ty Residential to R-2, Medium Density Residential.