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HomeMy WebLinkAbout73-99 RESOLUTION• RESOLUTION NO 7 3— 9 9 A RESOLUTION APPRQVING THE OFFER AND ACCEPTANCE AGREEMENT ENTERED INTO WITH DENNIS A. AND BETTY L. SMITH, AND AUTHORIZES STAFF TO PURCHASE 1,775 ACRES (TRACTS 1, 2 & 3) AND IMPROVEMENTS LOCATED AT 547 EAST HUNTSVILLE ROAD IN THE AMOUNT OF $75,000 FOR THE EXTENSION OF SIXTH STREET FROM WOOD AVENUE TO EAST HUNTSVILLE ROAD; AND APPROVING THE EXPENDITURE FOR MISCELLANEOUS CLOSING COSTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS• Section 1. That the City Council hereby approves the Offer and Acceptance Agreement entered into with Dennis A. and Betty L. Smith; authorizes staff to purchase 1,775 acres (Tracts 1, 2 & 3) and improvements located at 547 East Huntsville Road in the amount of $75,000, for the extension of Sixth Street from Wood Avenue to East Huntsville Road; and approves the expenditure for miscellaneous closing costs associated with the purchase of said land as set forth in Exhibit "A' attached hereto and made a part hereof. c PASSED AND APPROVED this day of June , 1999. APPROV 4t.. ATTEST: /, Witte Heather Woodruff, City C e By Fred Hanna, Mayor TRACT 1: res.73-99• EXHIBIT "A" PROPERTY DESCRIPTION A part of Lot Six (6) and part of Lot Seven (7) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest comer of said Lot 6; thence with the west line of Lot 6, North 02° 27' 17" East 215.01 feet, to the point of beginning; thence continuing with said west line, North 02° 27' 17" East 151.89 feet; thence South 83° 30' 51" East 140.37 feet; thence South 02° 27' 17" West 154.10 feet; thence North 82° 37' 04" West 140.55 feet, to the Point of Beginning and containing 21,423 square feet (0.492 acre), more or less. The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses This bearing system may vary from the bearings used in previous descriptions of this property. TRACT 2: A part of Lot Seven (7) and part of Lot Eight (8) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southeast comer of said Lot 8; thence with the east line of Lot 8, North 02° 27' 17" East 191.15 feet, to the point of beginning; thence North 82° 09' 19" West 125.56 feet; thence North 02° 27' 17" East 311.61 feet, more or less, to the existing south right of way line of Huntsville Road; thence with said existing south right of way line, South 43° 47' 42" East 173.04 feet to the east line of Lot 8; thence with said east line South 02° 27' 17" West 203.74 feet, to the Point of Beginning and containing 32,210 square feet (0.739 acre), more or less. The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TRACT 3: A part of Lot Nine (9) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest corner of Lot 9; thence with the west line of Lot 9, North 02° 27' 17" East 191.15 feet, to the Point of Beginning; thence continuing with the said west line, North 02° 27' 17" East 203.74 feet; thence South 50° 42' 54" East 174.93 feet, to the east line of Lot 9; thence with said east line, South 02° 25' 48" West 134.56 feet; thence North 73° 15' 19" West 144.54 feet, to the Point of Beginning and containing a total of 23,686 square feet (0.544 acre), including 1,953 square feet (0.045 acre) in existing right of way, more or less. The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. • Page 2 Exhibit A Resolution No. TRACT 1: 73-99 • TEMPORARY CONSTRUCTION AND GRADING EASEMENT DESCRIPTION A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest comer of Lot 6 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the west line of said Lot 6, North 02° 27' 17" East 215.01 feet, to a point on the proposed south right of way line of Sixth Street, said point also being the Point of Beginning; thence with said south right of way line South 82° 37' 04" East 140.55 feet; thence South 02° 27' 17" West 15.06 feet; thence North 82° 37' 04" West 140.55 feet to the west line of Lot 6; thence with said west line North 02° 27' 17" East 15.06 feet, to the Point of Beginning and containing 2,109 square feet (0.048 acre), more or less, ALSO, a temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest corner of Lot 6 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the west line of said Lot 6, North 02° 27' 17" East 366.90 feet, to a point on the proposed north right of way line of Sixth Street, said point also being the Point of Beginning; thence with said north right of way line, South 83° 30' 51" East 140.37 feet; thence North 02° 27' 17" East 15.04 feet; thence North 83° 30' 51" West 140.37 feet, to the west line of Lot 6; thence with said west line, South 02° 27' 17" West 15.04 feet, to the Point of Beginning and containing 2,106 square feet (0.048 acre), more or less, TRACT 2: A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southeast comer of Lot 8 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the east line of Lot 8, North 02° 27' 17" East 191.15 feet, to a point on the proposed new South right of way line of Sixth Street, said point also being the Point of Beginning; thence with said south right of way line, North 82° 09' 19" West 125.56 feet; thence South 02° 27' 17" West 15.07 feet; thence South 82° 09' 19" East 125.56 feet, to the east line of Lot 8; thence with said east line North 02° 27' 17" East 15.07 feet, to the Point of Beginning and containing 1,884 square feet (0.043 acre), more or less, TRACT 3: A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest corner of Lot 9 of Aumick's Addition to the City of Fayetteville Washington County, Arkansas; thence with the west line of said Lot 9, North 02° 27' 17" East 191.15 feet, to the proposed new south right of way line of Sixth Street, said point also bing the Point of Beginning; thence with said south right of way line, South 73° 15' 19" East 144.54 feet, to the east line of Lot 9; thence with said east line, South 02° 25' 48" West 15.48 feet; thence North 73° 15' 19" West 144 55 feet, to the west line of said Lot 9; thence with said west line, North 02° 27' 17" East 15.48 feet, to the Point of Beginning and containing 2,168 square feet (0.050 acre), more or less, Page 3 Exhibit A Resolution No. TRACT 2: 73-99 DRAINAGE EASEMENT DESCRIPTION • A permanent drainage easement forty (40) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southeast corner of Lot 8 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the South line of said Lot 8, North 87° 32' 43" West 85.00 feet, to the Point of Beginning; thence continuing North 87° 32' 43" West 40.0 feet; thence North 02° 27' 17" East 202.94 feet, to a point on the proposed new south right of way of Sixth Street; thence with said south right of way line, South 82° 09' 19" East 40.18 feet; thence South 02° 27' 17" West 199.17 feet, to the Point of Beginning and containing 8,042 square feet (0.185 acre), more or Less. • FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Ed Connell, Engineering From: Heather Woodruff, City Clerk Date: June 3, 1999 Attached is a copy of the resolution approving the offer and acceptance agreement with Mr. and Mrs. Smith for property located at 547 Huntsville Road. The original will be microfilmed and filed with the city clerk. cc. File. • • AGENDA REOUEST CONTRACT REVIEW GRANT REVIEW HTAFF REVIEW FORM For the Fayetteville City Council meeting of June 1. 1999ffeRervliiviED Re -s• 73-77 FROM: Ed Connel ��Y Engineering Public Works ame Division Department ACTION REQUIRED: Approval of a resolution authorizing the City to purchase 1.115 acres of land and improvements from Dennis A. and Betty L. Smith for $75,000 plus closing costs in association with the extension of Sixth Street from Wood Avenue to East Huntsville Road. COST TO CITY: 75,000 Cost o this Request 4470-9470-5809.00 Account Number 96Q44-30 Protect Number $826,491.0Q $ixth St. Extension To Huntsville Rd. Category/Project Budget Category/Project Name $ -0- Funds Used To Date Program Name $826,421.00 Salo Tax CIP Remaining Balance Fund BUDG i' RE , E B d V'or.inator X B dge d Item 377/ Budget Adjustment Attached Administrative Services Director CONTRACT/GRANT/LEASE REVIEW: • cco ager� )/ City Attomef \I Litt Purchasing Officer 5 5-19 Date 3r 11 Date Date G ' - NTING AG C 141/ i/1411 rna u. for I ADA Coor .. tor ate Date STAFF RECOMMENDATION: Staff recommends approval of this acquisition so that this project can be scheduled for implementation. This property represents 53% of the required acquisition on this project. MN 't' VI Date S Date cniatigq Date Date Cross Reference New Item• Yes X Prev Ord/Res #: No Orig Contract Date: FAYETTEVI LLE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE DATE. May 4, 1999 TO: Fayetteville City Council THRU: Fred Hanna, Mayor Charles Venable, Public Works Director Donald Bunn, Assistant Pubic Works Director Jim Beavers, City Engineer FROM: Ed Connell, Land Age RE: Sixth Street Extension to East Huntsville Road Offer and Acceptance Contract - Smith Please find herewith an executed Offer and Acceptance Contract between the City and Dennis A. & Betty L. Smith relative to the acquisition of 1.775 acres of land (Tracts 3,4 &5) and improvements (house at 547 E Huntsville Road) for the extension of Sixth Street from Wood Ave, to Huntsville Road. This property is one of four property owners from which right of way is being acquired. The Smith property acquisition constitutes 53% of the total additional right of way needed for this street extension Please refer to the attached diagram which illustrates the right of way acquisition for this project. The house, located at 547 Huntsville, is to be acquired due to the proximity of the roadway and the required right of way. Although not illustrated here, Huntsville Road, just West of Blair Ave., will be closed to through traffic and all Huntsville traffic is to be directed to the North-South extension of Mashburn Ave. Please find herewith summary page copies of the independent appraisals recently conducted on the right of way acquisition from Mr. and Mrs Smith The total appraisals (See next page) of $72,900.00 includes compensation for drainage and temporary easements, along with compensation for 1.73 acres of land (0.045 acre is in existing right of way) and the residence mentioned above. Mr. and Mrs Smith countered with a price of $75,000 or 102.9% This latter amount was acceptable to the staff. Staff recommends to the Council an acceptance of this contract at this time. With the closing on this property, the City anticipates an allowance of adequate time for the Smiths to arrange for other accommodations for the residents of the house at 547 E. Huntsville. A lease agreement will be drafted if the Smiths need to rent the house for a couple of months (on a month by month basis) following closing. This is a common practice on all improvements acquired by the City. Staff recommends to the Council that the Contract be approved for the acquisition of the properties outlined herein. Appraisal Reports: August, 1998 Dennis and Betty Smith: Drainage Land Esmt. TCE Improvements Total Tract #3: Parts of P 765-02493-000 & 765-02495-000 12,900 0 250 0 13,150 Tract #4: Parts of P 765-02496-000 & 765-02497-000 19,325 1,200 125 25,875 46,525 Tract #5: Part of P 765-02498-000 13,100 0 130 0 13,230 Totals($) 45,325 1,200 505 25,875 72,905 Counter Proposal: Totals(4) 46,300 1,200 500 27,000 75,000 FAI'ETTEVILLE THE CITY OF FAYETTEVILLE. ARKANSAS DEPARTMENTAL CORRESPONDENCE April 14, 1999 TO: Fred Hanna, Mayor ,, r THRU: Charles Venable, Director of Public WorksOO Jim Beavers, City Engineer FROM: Ed Connell, Land Agent a RE: Sixth Street Extension to Huntsville Road Dennis & Betty Smith: Tract # 3, Oland 5 Right of Way & Temporary Easement Acquisition Please find herewith an Offer and Acceptance Contract between the City and Dennis and$etty Smith for the acquisition of road right of way, permanent drainage easement and temporary construction easement in association with the subject project. The city offered $72,905.00 for the properties involved, based upon an independent appraisal Mr. and Mrs. Smith have countered with a figure of $75,000.00, a 2.9% increase The contracts need to be executed on behalf of the City if the counteroffer is acceptable. This contract is, of course, subject to the approval of the City Council. Included for your information are the appraisal summary sheets for the three tracts involved with this transaction. It is noted that Tract #5 includes the purchase of a residence, across from Mashburn Ave. It is this author's opinion that the counteroffer of Mr. Smith is reasonable and should be accepted by the City. The Smith properties constitute approximately 53% of the total area acquisition for this project. Please sign on behalf of the City at the places indicated and return both documents to Ed Connell. OFFER AND ACCEPTANCE CONTRACT 1. The City of Fayetteville, Arkansas, a municipal corporation, hereinafter referred to as the Buyer, offers to buy, subject to the terms and conditions set forth herein, the following described property: SEE ATTACHED EXHIBIT "A" FOR PROPERTY DESCRIPTIONS 2. Seller agrees to enter into Temporary Construction and Grading Easements with the City of Fayetteville, the descriptions of said Easements as shown in Exhibit "B" attached hereto. The Temporary Construction and Grading Easements will terminate upon completion and acceptance by the City of Fayetteville the project that extends Sixth Street from Wood Avenue to Huntsville Road. 3. Seller agrees to enter into a Drainage Easement with the City of Fayetteville, the description of said Easement as shown in Exhibit "C" attached hereto. 4. Purchase Price: Subject to the following conditions, the Buyer shall pay for the property referred to in Item #1 and the easements referred to in Items #2 and #3, at closing, the total and cash payment of $f2,90L:00: 4 -75-; 0 00 . o O 5. Contingent Eamest Money Deposit: The Buyer will, within two (2) weeks of receipt of this contract, fully executed, tender a check for $2,000.00 to Dennis A. Smith and Betty L. Smith, hereinafter referred to as the Seller, as earnest money, which shall apply on the purchase price. This offer of purchase is contingent upon approval of the City Council of the City of Fayetteville, Arkansas, and, if they do not so approve, the earnest money deposit will be returned to the Buyer by the Seller. If title requirements are not fulfilled or the Seller fails to fulfill any obligations under this contract, the earnest money shall be promptly refunded to the Buyer. If the Buyer fails to fulfill his obligations under this contract or after all conditions have been met, the Buyer fails to close this transaction, the earnest money may, at the option of the Seller, become liquidated damages to the Seller. Alternatively, the Seller may assert legal or equitable rights which it may have because of breach of this contract. Conveyances will be made to the Buyer by general Warranty Deed, Temporary Construction and Grading Easement, and Drainage Easement, except they shall be subject to recorded instruments and easements, if any, which do not materially affect the value of the property Such Warranty Deed conveyance shall include mineral rights owned by the Seller. 7. The Seller shall furnish a policy of title insurance on Item #1 in the amount of $71.200.00 from a title insurance company as selected by the Buyer Buyer and Seller shall share equally in the cost of title insurance. Seller agrees to allow Buyer, if Buyer so desires, at Buyer's expense, to survey the property. Seller agrees to cure any title problems which may result from any differences between the recorded legal descriptions of the property and the survey description. Said title problems, if any, must be solved prior to closing to the satisfaction of the Buyer. OFFER AND ACCEPTANCE CONTRACT Page 2 of 6 9. Taxes and special assessments due on or before closing shall be paid by the Seller. Insurance, general taxes, ad valorem taxes, special assessments and rental payments shall be prorated as of closing. Buyer shall pay to Seller at closing that prorated portion of taxes and assessments due for the tax year of purchase. 10. Seller shall, prior to closing, obtain a release from any mortgagor of the property described in Item #1 above and provide Buyer with information from said mortgagor as to the required distribution of proceeds from the sale hereof. 11. The closing date is designated to be thirty (30) days after approval of this offer by the City Council of Fayetteville, Arkansas. If such date of closing falls on a weekend or holiday, it will be held the following working day. Seller and Buyer shall share equally in the closing fees if an independent closing agent is retained for this purpose. 12. Possession of the property shall be delivered to the Buyer on the date of closing. 13. Seller hereby grants permission for the Buyer or its employees or designates to enter the above described property and improvements for the purpose of inspection and/or surveying. 14. All fixtures, improvements and attached equipment associated with the property described in Item #1 are included in the purchase price. 15. Risk of loss or damage to the property by fire or other casualty occurring up to the time of closing is assumed by the Seller. 16. Seller shall disclose to Buyer any and all environmental hazards of which Seller has actual knowledge 17. This agreement shall be governed by the laws of the State of Arkansas. 18. This agreement, when executed by both the Buyer and the Seller shall contain the entire understanding and agreement of the parties with respect to the matters referred to herein and shall supersede all price or contemporaneous agreements, representations and understanding with respect to such matters, and no oral representations or statements shall be considered a part hereof. 19. This contract expires, if not accepted on or before the 30th day of April, 1999. 20. NOTICE: BUYER ASSERTS AND SELLER HEREBY ACKNOWLEDGES THAT THIS OFFER IS EXPRESSLY CONTINGENT UPON THE APPROVAL OF THIS OFFER OF PURCHASE BY THE CITY COUNCIL OF FAYETTEVILLE AND THAT THE FAILURE OF THE COUNCIL TO SO APPROVE WILL MAKE ALL PORTIONS OF THIS OFFER NULL AND VOID, INCLUDING, BUT NOT LIMITED TO, THE RETURN TO BUYER OF THE $2,000 00 EARNEST MONEY DEPOSIT. • OFFER AND ACCEPTANCE CONTRACT Page 3 of 6 /o Dennis A. Smith 4,4r/ SEL Betty L. mith AGENT OR WITNESS: BUYER: City of Fayetteville, Arkansas, a municipal corporation 1 Fred a�Mayor eather Woodruff, City Clerk Date: /y arty 7? Date: Date: Date: /rh7 (SEAL) OFFER AND ACCEPTANCE CONTRACT Page 4 of 6 EXHIBIT "A" PROPERTY DESCRIPTION TRACT 1: A part of Lot Six (6) and part of Lot Seven (7) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest corner of said Lot 6; thence with the west line of Lot 6, North 02° 27' 17" East 215.01 feet, to the point of beginning; thence continuing with said west line, North 02° 27' 17" East 151.89 feet; thence South 83° 30' 51" East 140.37 feet; thence South 02° 27 17 West 154.10 feet; thence North 82° 37 04 West 140.55 feet, to the Point of Beginning and containing 21,423 square feet (0.492 acre), more or less The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TRACT 2: A part of Lot Seven (7) and part of Lot Eight (8) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southeast corner of said Lot 8; thence with the east line of Lot 8, North 02° 27 17 East 191.15 feet, to the point of beginning; thence North 82° 09' 19" West 125.56 feet; thence North 02° 27' 17" East 311.61 feet, more or less, to the existing south right of way line of Huntsville Road; thence with said existing south right of way line, South 43° 47' 42" East 173.04 feet to the east line of Lot 8; thence with said east line South 02° 27' 17" West 203.74 feet, to the Point of Beginning and containing 32,210 square feet (0.739 acre), more or less The bearings for this description are based on Arkansas State Plane Coordinates, North Zone the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TRACT 3: A part of Lot Nine (9) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest comer of Lot 9; thence with the west line of Lot 9, North 02° 27' 17" East 191.15 feet, to the Point of Beginning; thence continuing with the said west line, North 02° 27' 17" East 203.74 feet; thence South 50° 42' 54" East 174.93 feet, to the east line of Lot 9' thence with said east line, South 02° 25 48" West 134.56 feet; thence North 73° 15' 19" West 144.54 feet, to the Point of Beginning and containing a total of 23,686 square feet (0.544 acre), including 1,953 square feet (0.045 acre) in existing right of way, more or less The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. SIGNED FOR IDENTIFICATION: SELLER: 4 ice/ Dennis A. S Betty L. S�rith OFFER AND ACCEPTANCE CONTRACT Page 5 of 6 EXHIBIT "B" TEMPORARY CONSTRUCTION AND GRADING EASEMENT DESCRIPTION TRACT 1: A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest corner of Lot 6 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the west line of said Lot 6, North 02° 27' 17" East 215.01 feet, to a point on the proposed south right of way line of Sixth Street, said point also being the Point of Beginning; thence with said south right of way line South 82° 37 04 East 140.55 feet; thence South 02° 27' 17" West 15.06 feet; thence North 82° 37' 04" West 140.55 feet to the west line of Lot 6; thence with said west line North 02° 2717" East 15.06 feet, to the Point of Beginning and containing 2,109 square feet (0.048 acre), more or less, ALSO, a temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest corner of Lot 6 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the west line of said Lot 6 North 02° 27' 17" East 366.90 feet, to a point on the proposed north right of way line of Sixth Street, said point also being the Point of Beginning; thence with said north right of way line, South 83° 30' 51" East 140.37 feet; thence North 02° 27'17" East 15.04 feet thence North 83° 30' 51" West 140.37 feet, to the west line of Lot 6; thence with said west line, South 02° 27' 17" West 15.04 feet, to the Point of Beginning and containing 2,106 square feet (0.048 acre), more or less TRACT 2: A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southeast corner of Lot 8 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the east line of Lot 8, North 02° 27' 17" East 191.15 feet, to a point on the proposed new South right of way line of Sixth Street, said point also being the Point of Beginning; thence with said south right of way line, North 82° 09' 19" West 125.56 feet; thence South 02° 27' 17" West 15 07 feet; thence South 82° 09 19 East 125.56 feet, to the east line of Lot 8; thence with said east line North 02° 27' 17" East 15.07 feet, to the Point of Beginning and containing 1,884 square feet (0.043 acre), more or less, TRACT 3: A temporary construction and grading easement fifteen (15) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southwest comer of Lot 9 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the west line of said Lot 9, North 02° 27 17 East 191.15 feet, to the proposed new south right of way line of Sixth Street, said point also bing the Point of Beginning; thence with said south right of way line, South 73015' 19" East 144.54 feet, to the east line of Lot 9; thence with said east line, South 02° 25 48" West 15.48 feet; thence North 73° 15' 19" West 144.55 feet, to the west line of said Lot 9; thence with said west line, North 02° 27' 17" East 15.48 feet, to the Point of Beginning and containing 2,168 square feet (0.050 acre), more or less, SIGNED FOR IDENTIFICATION: SELLER: Dennis A. S OFFER AND ACCEPTANCE CONTRACT Page 6 of 6 EXHIBIT "C" DRAINAGE EASEMENT DESCRIPTION TRACT 2: A permanent drainage easement forty (40) feet of equal and uniform width, being more particularly described as follows: Commencing at the Southeast corner of Lot 8 of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas; thence with the South line of said Lot 8, North 87° 32' 43" West 85.00 feet, to the Point of Beginning; thence continuing North 87° 32' 43" West 40.0 feet; thence North 02° 27' 17" East 202.94 feet, to a point on the proposed new south right of way of Sixth Street; thence with said south right of way line, South 82° 09' 19" East 40.18 feet; thence South 02° 27' 17" West 199.17 feet, to the Point of Beginning and containing 8,042 square feet (0.185 acre), more or less. SIGNED FOR IDENTIFICATION: SELLER: "273.4aga-ad Dennis A. Smith ,6r 1Aw— Betty L. ithv PROJECT COUNTY PARCEL # LOCATION FEE OWNER ADDRESS ESTATE APPRAISED AREA OF WHOLE APPRAISAL FPORT FOR CITY OF FAYETTEVILLF Limited Summary Appraisal Report Sixth Street Extension (Project No. 96044) Washington 765-02493-000 & 765-02495-000 Pt. of Lots #6 & #7, Aumicks Addition Dennis A. & Betty L. Smith 531 E. Huntsville Rd., Fayetteville, AR 72701 Fee Simple 1.869 acres AREA OF RESIDUAI. AREA OF PERMANENT ACQUISITION (Description attached) Temporary Construction Easement 21,423 SF or .49 Ac. 4,215 SF or .096 Ac. ESTIMATED FAIR MARKET VALUE OF THE PROPERTY: Before Land Improvements Total After Land Improvements $ 48,861 $ Not Considered $ 36,007 $ Not Considered Total FAIR MARKET VALUE OF PERMANENT R -O -W ACQUISITION As of 27th day of August, 1998 ALLOCATION OF F.M.V. OF TOTAL ACQUISITION R -O -W 21,423 SF ® $.60/SF T.C.E.* 4,215 SF ® $.60/SF x .10 x 1 Trees None Improvements None Total R -O -W, T.C.E., Trees, & Improvements Damages or Benefits Total Compensation ATTACHMENTS: X Certificate of Appraiser X Photographs X Site, H&B Use & Narrative X Legal Descriptions X Market Data Approach Survey X Tax Assessment Card = $ 12,854 = $ 253 $ 48,861 $ 36 007 $ 12,854 Say $ 12,900 Say $ 250 $ 0 $ 0 $ 13,150 $ 0 $ 13,150 1.378 acres ////+ (-4‹.....011C°4 •‘11%.Tanpnlq/ • llio Mark E Riskd A, NCG020i/A; ..,.I,. .,q- re t't ail Temporary Construction Easement (T.C.E.) value is based upon the fee simple land value mdtiplied times the Current Yield on 1 Year CDs for a 1 year period plus a premium for inconvenience. • PROJECT COUNTY LOCATION FEE OWNER ADDRESS ESTATE APPRAISED AREA OF WHOLE APPRAISAL REPORT FOR CITY OF FAYETTEVILLE Limited Summary Appraisal Report Sixth Street Extension (Project No. 96044) Washington 765-02496-000 & 765-02497-000 Pt. of Lots #7 & k8 Aumicks Addition Dennis A. & Betty L. Smith 531 E. Huntsville Rd., Fayetteville, AR 72701 Fee Simple 1.305 acres AREA OF RESIDUAL AREA OF PERMANENT ACQUISITION (Descriptions attached) Drainage Easement Temporary Construction Easement 32,210 SF or .74 Ac. 8,042 Sq. Ft. or .185 acre 1,884 Sq. Ft. or .043 acre ESTIMATED FAIR MARKET VALUE OF THE PROPERTY: Before Land Improvements Total After Land Improvements $ 34,105 $ 25,875 $ 13,580 $ 0 Total FAIR MARKET VALUE OF PERMANENT R -O -W ACQUISITION As of 27th day of August, 1998 ALLOCATION OF F.M.V. OF TOTAL ACQUISITION R -O -W 32,210 SF ® $.60/SF = $19,326 Drainage Esnu. 8,042 SF @ $.15/SF = $ 1,206 T.C.E.• 1,884 SF 0$.60/SF x .lO x l = $ 113 Trees Included in Land Value Improvements Dwelling - 1,035 SF ® $25/SF = $25,875 Total R -O -W, D.E., T.C.E., Trees, & Improvements Damages or Benefits Total Compensation ATTACHMENTS: X Certificate of Appraiser X Photographs App aiser, Mark E. Risk GAA, #CG0202 X Zoning, H&B Use & Narrative `_- X Legal Descriptions X Market Dam Approach X Survey X Tax Assessment Card Say Say Say $ 59,980 565 acres $ 13,580 $ 46,400 $ 19,325 $ 1,200 $ 125 $ 0 $25 875 $ 46,525 $ 0 $ 46,525 Drainage Easement (D.E.) value is based upon 25% of the fee simple land value per appraiserresearcfi. Temporary Construction Easement (T.C.E.) value is based upon the fee simple land value multiplied times the Current Yield on 1 Year CDs for a 1 year period plus a premium thr inconvenience. PROJECT COUNTY PARCEL # LOCATION FEE OWNER ADDRESS APPRAISAL REPORT FOR CITY OF FAYEITEVIIL,E Limited Summary Appraisal Report Sixth Street Extension (Project No. 96044) Washington 765-02498-000 Lot #9 Aumicks Addition Dennis A. & Betty L. Smith 531 E. Huntsville Rd., Fayetteville, AR 72701 ESTATE APPRAISED Fee Simple AREA OF WHOLE 1.056 acres AREA OF PERMANENT ACQUISITION (Description attached) Temporary Construction Easement AREA OF RESIDUAL 21,733 SF or .50 Ac. 2,168 SF or .050 Ac. ESTIMATED FAIR MARKET VALUE OF THE PROPERTY: Before Land Improvements Total After Land Improvements $ 27,608 $ 0 $ 14,569 $ Q Total FAIR MARKET VALUE OF PERMANENT R -O -W ACQUISITION As of 27th day of August. 1998 ALLOCATION OF F.M.V. OF TOTAL ACQUISITION R -O -W 21,733 SF ® $.60/SF T.C.E.' 2,168 SF @ $.60/SF x .10 x 1 Trees None Improvements None Total R -O -W, T.C.E., Trees, & Improvements Damages or Benefits Total Compensation ATTACHMENTS: X Certificate of Appraiser X Photographs X Site, H&B Use & Narrative X Legal Descriptions X Market Data Approach X Survey X Tax Assessment Card .557 acres $ 27,608 $ 14,569 $ 13,039 = $ 13,039 Say $ 13,100 = $ 130 Say $ 130 $ 0 $ 0 $ 13,230 $ 0 $ 13,230 m::,aaja uupt�n Mark E. Risk:oAA, #CG02Q2� _ •J o Temporary Construction Easement (T.C.E.) value is based upon the fee simple and value multiplied times the Current Yield on 1 Year CDs for a 1 year period plusa premium for inconvenience. • a " ?J4- hi 1 7? -9 I have care(ulty reviewed the HU0.1 Settlement Statement and to the best of my knowledge and belief, h is a true and accurate statement of all receipts and disbursements made on my account or by me In this transaction. I further certify that I have received a •py of the HUD -1 Settle- ment Statement. _ orrTHE CITY OF FAYEI ItVILLE, � /a� ARKANSAS Sellers To the best of my knowledge, the HUD -1 Settlement Statement which I have prepared Is a tni6 and accurate account of the funds which were received and have en or be disbursed by the undersigned as part of this transaction, "7-79 97 etttemem Agent Dale DENNIS A. SMITH BETTY L. SMITH WARNINQ- It Is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can Include a fine and Imprisonment. For details see: Tltie 18 U. S. Code Section 1001 and Section 1010. Previous Edition Is Obsolete F2366.LM (03/91) P(7/91) U(7/8/91) 10608 HUD -1 (0767) RESPA. HB 4305.2 4 A. SETTLEMENT STATEMENT it if I CU in -C1( TAMED B. TYPE OF LOAN 1. 4. • OVA FHA 2. 0 FMHA 3. 5. OCONV.INS. • CONV.UNINS. 6. File Number FATIC 99-10606 7. Loan Number 8. Mortgage Insurance Case Number C. NOTE: Tis form Is banished to give you statement of actual settlement costs. Amounts paid to end by the settlement agent are shown. Items marked "(p.o.e.)" were paid outside the closing; they are shown here for Informational purposes and are not Included In the totals. D. NAME AND ADDRESS OF BORROWER THE CITY OF FAYETTEVILLE, ARKANSAS 113 W. MOUNTAIN STREET, FAYETTEVILLE,AR 72701 DENNIS BETTY 531 E FAYETTEVILLE,AR DA ADDRESS D ESS O SELLER L SMITH HUNTSVILLE RD, 72701 F. NAME AND ADDRESS OF LENDER G. PROPERTY LOCATION PT LTS 6,7,8 & 9, AUMICK ADDN., FAYETTEVILLE ARKANSAS 72701 H. SETTLEMENT AGENT BRONSON ABSTRACT CO., INC. PLACE OF SETTLEMENT 3810 FRONT STREET, SUITE 5 1. 7 EMMEEBNT DATE FAYETTEVILLE, ARKANSAS 72703 DISBURSEMENT DATE 7-29-99 J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales price 73,300.00 401. Contract sales price 73,300.00 102. Personal Property 402. Personal Property 103. Settlement charges to borrower (line 1400) 303.50 403. 104. 404. 105. 405. ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE 106. City/Town taxes to 408. City/Town taxes to 107. County taxes to 407. County taxes to 108. Assessments to 408. Assessments to 109. 409. 110. CITY TAX PRORATION 134.15 410. CITY TAX PRORATION 134.15 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 73,737.65 420. GROSS AMOUNT DUE TO SELLER 73,434.15 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER 201. Deposit or earnest money 2,000.00 501. Excess Deposit (see Instructions) 2,000.00 202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) 825.69 203: Existlng loan(s) taken subject to 503. Existing loan(s) taken subject to 204. Application deposit 504. Payoff o1 first mortgage loan 35,285.02 205. Second lien mortgage 505. Payoff of second mortgage loan 8,814.79 206. 506. 207. 507. 208. 508. 209. 509. ADJUSTMENTS FOR ITEMS UNPAID BY SELLER ADJUSTMENTS FOR ITEMS UNPAID BY SELLER 210. City/Town taxes to 510. City/Town taxes to 211. County taxes to 511. County taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 218. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER 2,000.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 46,925.50 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER 301. Gross amount due from borrower Olne 120) 73,737.65 601. Gross amount due to seller (One 420) 73,434.15 302. Less amounts paid by/for borrower (line 220) ( 2,000.00 602. Less reductlon amount due seller (line 520) ( 46,925.50 ) 303. CASH ® FROM 1 TO BORROWER 71,737.65 603. CASH ® TO ■ FROM SELLER 26,508.65 I have care(ulty reviewed the HU0.1 Settlement Statement and to the best of my knowledge and belief, h is a true and accurate statement of all receipts and disbursements made on my account or by me In this transaction. I further certify that I have received a •py of the HUD -1 Settle- ment Statement. _ orrTHE CITY OF FAYEI ItVILLE, � /a� ARKANSAS Sellers To the best of my knowledge, the HUD -1 Settlement Statement which I have prepared Is a tni6 and accurate account of the funds which were received and have en or be disbursed by the undersigned as part of this transaction, "7-79 97 etttemem Agent Dale DENNIS A. SMITH BETTY L. SMITH WARNINQ- It Is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can Include a fine and Imprisonment. For details see: Tltie 18 U. S. Code Section 1001 and Section 1010. Previous Edition Is Obsolete F2366.LM (03/91) P(7/91) U(7/8/91) 10608 HUD -1 (0767) RESPA. HB 4305.2 e U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT Page 2 L SETTLEMENT CHARGES 700. TOTAL SALES/BROKFR'S COMMISSION(based on Ddcel Division of commission !line 7001 as follows' S 73.300.00 [d 701. 5 %• 5 SENT 702 S 703. Comm11,1Ion oald at Settlement 704. 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801 Loan Odalnation Fee 802 Loan Discount 803. Appraisal Fee 804 Credit Report 805 Lender's Inspection Fee 606. VA Fundlna Fee 807. Assumption Fee 808 809. 810. 811 812. 813. 814 A15 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901 interest from 7-29-99 to e1S /day 902. Mortaaae In,urence Premium for mos. 901 Hazard Insuranre Premium for 904 905 1000. RESERVES DEPOSITED WITH 1001 Hazard Insurance vr,. to yr,. to LENDER FOR M.09 as 5 mo 1002 Mortaaae Insurance mos. a mo 1001 Cllr Property Taxes mo, fd S mo 1004. County Property Taxes 1005 Annual Assessments mos UP S mos s9 5 mo. mo 1008. mos, W E mo 1007. mo, @ S 1(x18 1100. TITLE CHARGES 1101 Settlement or ClosI9a Fee 1102 Abstract or The Search mn, IS 4% mo. mn to BRONSON ABSTRACT CO INC 100.00 100 00 1101 Title Examination 1104 Tttle Insurance Binder 1105 Dorument Preparation 1106 Notary Fees 1107 Attorney's Fres !Includes above Item, No,: 1108 Tme Insurance (Includes above Item, No • to FIRST AMERICAN TITLE INSURANCE 173.50 173 50 1 1109 Lender's Coveraae 5 1110 Owner's Coveraae 5 73.300.00 1111 1112 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201 Roc Fees: Deed S 30 00• Mto S 1202 CRRYCounty. tax/stamo,• Deed 5 • M0rtMae S Release S 12.00 30 00 12 00 1201 State tax/stamos• Deed S 1204. to 12115 tn 1300. ADDITIONAL SETTLEMENT CHARGES 1301 Survey • Mortaaae S 1302 Pest Inspection 1303. 1946 TAXES #765-02498-000 to COLLECTOR 1104. 1998 TAXES #765-02493-000 to COLLECTOR 1305. 1998 TAXES #765-02495-000 to COLLECTOR 1306. 19,98 TAXFS #765-02496-000 to COLLECTOR 1107 199A TAXFS #765-02497.1%X1 tn COI I FCTOR 1400. TOTAL SETTLEMENT CHARGES (enter on Ilse 103. Section J and line 502. Section KI The Undersigned Acknowledges Receipt of This Settlement Statement and Agrees tg-4te Correctness Thereof. Buyer THE CITY OF FAYETTEVILLE, Buyer Buyer HUD -1B Settlement Statement F15792.LM0 (4/99) 10606 4 -en Seller NIS A. SMITH 97 47 87 21 82 08 303.50 seal L SI1iIlin'"` 4 July 29. 1999 35 91 237_52 825 69 Date • • Dennis A. And Betty L. Smith: 1998 Real Estate Taxes Due in 1999 Lot # 6, Lot # 7, Lot # 7, 765-02493-000 765-02495-000 765-02496-000 Lot # 8, 765-02497-000 Lot # 9, 765-02498-000 Total 1998 Taxes City Acquisition: Lot #6: 765-02493-000 Total Area(Sq. F)t Pt.Lot # 6; 765-02493-000 35,165 1999 Tax Base $87.21 Pt. Lot #7: 765-02495-000 34,343 1999 Tax Base $82.08 Pt. Lots #7 & 8: 765-02496-000 19,815 1999 Tax Base $35.91 Pt. Lot #8:: 765-02497-000 Land (41.04%) 1999 Tax Base Improvement (50.96%) 1999 Tax Base MMMM MMMI $ 87.21 82.08 35.91 237.52 97.47 $540.19 37,026 $ 97.47 $140.05 Pt. Lot #9: 765-02498-000 47,967 1999 Tax Base $97.47 TOTAL, 1998 TAXES $540.19 Imp. 140.05 140.05 City Acq.(Sq. Ft.) 11,411 (32.5%) $28.34 10,012 (29.2%) $ 23.97 11,773 (59.41%) $ 21.33 20,437 (55.2%) $ 53.80 140.05 23,686 (49.38%) $ 48.13 Land 87.21 82.08 35.91 97.47 97.47 $400.14 Remainder (Sq. Ft.) 23,754 (67.5%) $58.87 24,331 (60.8%) $ 58.11 8,042 (40.59%) $ 14.58 16,589 (44.8%) $ 43.67 0.0 24,281 (50.62%) $ 49.34 • • • 1999 TAX PRORATION BASIS: 1999 TAX PRORATION: 01-01-99 THROUGH 07-29-99 = 210 days or 57.5% of the year 1999.(Smith Portion) 42.5% of the year 1999 (City Portion) Parcel Nos. 765-02493-000 765-02495-000 765-02496-000 765-02497-000 765-02498-000 Total Tax City Portion $ 87.21 $ 82.08 $ 35.91 $237.52 $ 97.47 Total 1999 Tax Proration $540.19 $ 12.05 $ 10.18 $ 9.07 $ 82.39 $ 20.46 $134.15 Smith Portion $ 75.16 $ 72.90 $ 26.84 $155.13 $ 77.01 $406.04 Based upon the above calculations and at closing on the properties being acquired by the City, the 1998 taxes due for payment this year are deducted from the proceeds to Dennis and Betty Smith and paid by the City or closing agent at closing. Since the City is only acquiring a portion of the parcels listed above, Smith will continue to get the tax bill for each of these properties. After 1999, the assessment on the properties will be adjusted to reflect that portion sold to the City. However, for 1999, Smith will be responsible for the tax payment of the entirety and the City portion of such tax liability is indicated above. The City proration is figured in the following manner: 765-02495-000; 1999 Tax= $82.08 City acquired 29.2% of the land and owned it 42.5% of the time m 1999; therefore, (82.08 x 0.292 x 0.425 = $ 10.18 ) Smith is credited and paid for the City 1999 tax liability on these properties as indicated in the closing statement. 4 SELLER'S/BORROWER'S AFFIDAVIT State of ARKANSAS County of WASHINGTON The undersigned, referred to as Seller/Borrower, whether one or more, being first duly sworn on oath that the Seller/Borrower is the owner of the following described lands, situtated in WASHINGTON County, ARKANSAS . To -wit: DESCRIPTION BEING THE SAME AS SHOWN ON EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF. Seller/Borrower further state the following facts are true: 1. There is no adverse occupant of the property described above. 2. Seller/Borrower and those under whom Seller/Borrower claims title, have been possession of said lands for more than 7 years past. 3. There are no unrecorded options to purchase, sales contracts or lease outstanding, which affects the property described above. 4. There have been no 130 days for which a 5. No appliances have which are unpaid for. Improvements made on the property described mechanics' and materialmens' lien may be filed. been Installed in the property described above In peaceful agreements above during the past on deferred payments 6. The property described above 1s not traversed by any roadways or easements except those shown on record. 7. There are no delinquent assessments due on the resident's association on the property described above, if applicable. 8. That no money whatsoever la owed on subject property to any person, firm, or corporation other than the following BANK OF FAYETTEVILLE 1 Int,.&/ 'pi&fCe- • 9. There are no outstanding Judgments against Seller/Borrower as a result of legal action to Include, but not limited to, tax liens, divorce, bankruptcy or foreclosure. 10. That the marital status of Seller/Borrower has not changed since they acquired above described property. Witness the hand and sq$ of the undersigned of this 29th day of July , 1999 . Seller: DENNIS XAMITH Seller. BEr2ITY L,`5 iITH Borrower: THE CITY OF FAYETTEVILLE, ARKANSAS Borrower: Subscribed and sworn to before me, a Notary Public on this 29th day y of J Iy , 1999 . GJi 4ia S i "'> My Commission Expires: Not Public: Please return this to Bronson Title Services. Inc„ 1419 W. Walnut, Rogers, Arkansas, 72765. File #_ AFFID.REF • EXHIBIT "A" TRACT 1 A part of Lot Six (6) and part of Lot Seven (7) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest corner of said Lot 6; thence with the west line of Lot 6, North 02 degrees 27 minutes 17 seconds East 151.89 feet to the point of beginning; thence continuing with said west line North 02 degrees 27 minutes 17 seconds East 151.89 feet; thence South 83 degrees 30 minutes 51 seconds East 140.37 feet; thence South 02 degrees 27 minutes 17 seconds West 154.10 feet; thence North 82 degrees 37 minutes 04 seconds West 140.55 feet to the point of beginning and containing 21,423 square feet (0.492 acre), more or less. TRACT 2, A part of Lot Seven (7) and part of Lot Eight (8) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southeast corner of said Lot 8; thence with the east line of Lot 8, North 02 degrees 27 minutes 17 seconds East 191.15 feet to the point of beginning; thence North 82 degrees 09 minutes 19 seconds West 125.56 feet; thence North 02 degrees 27 minutes 17 seconds East 311.61 feet, more or less, to the existing south right of way line of Huntsville Road; thence with said existing south right of way line South 43 degrees 47 minutes 42 seconds East 173.04 feet to the east line of Lot 8; thence with said east line South 02 degrees 27 minutes 17 seconds West 203.74 feet to the point of beginning, and containing 32,210 square feet (0.739 acre), more or less. TRACT 3 A part of Lot Nine (9) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the southwest corner of Lot 9; thence with the west line of Lot 9, North 02 degrees 27 minutes 17 seconds East 191.15 feet to the point of beginning, thence continuing with the said west line North 02 degrees 27 minutes 17 seconds East 203.74 feet; thence South 50 degrees 42 minutes 54 seconds East 174.93 feet to the east line of Lot 9; thence with said east line South 02 degrees 25 minutes 48 seconds West 134.56 feet; thence North 73 degrees 15 minutes 19 seconds West 144.54 feet to the point of beginning and containing a total of 23,686 square feet (0.544 acre), including 1,953 square feet (0.045 acre) in existing right of way, more or less. NOTE: The bearings for these descriptions are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. Project No 9W44 Sixth Street Right of Way Part Parcel No. 76-02498-000 Tract No. 5 WARRANTY DEED HUSBAND AND WIFE (With Relinquishment of Curtesy and Dower) BE IT KNOWN BY THESE PRESENTS: FILED FOR RECORD 699 JUL 30 RPl 8 07 WASHINGTON CO AR K. HP NESS THAT WE, Dennis A. Smith and Betty L. Smith, husband and wife, hereinafter called GRANTORS, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey unto the City of Fayetteville, Arkansas, a municipal corporation, hereinafter called GRANTEE, and unto Grantee's successors and assigns, the following described land situated in the County of Washington, State of Arkansas, to -wit: A part of Lot Nine (9) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest corner of Lot 9; thence with the West line of Lot 9, North 02° 27 17 East 191.15 feet, to the Point of Beginning; thence continuing with the said west line, North 02° 27' 17" East 203.74 feet; thence South 50° 42' 54" East 174.93 feet, to the east line of Lot 9; thence with said east line South 02° 25' 48" West 134.56 feet; thence North 73° 15 19" West 144.54 feet, to the Point of Beginning and containing a total of 23,686 square feet (0.544 acre), including 1,953 square feet (0.045 acre) in existing right of way, more or less. The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever. And the said Grantors, hereby covenant that they are lawfully seized of said lands and premises; that the same is unencumbered and that the Grantors will forever warrant and defend the title to the said lands against all legal claims whatever. And we, the respective Grantors, hereby release and relinquish unto the said Grantee our respective rights of dower/curtesy and homestead in and to said lands. WITNESS the execution hereof on this 2Q7-1day of t 1907 . KV aCtjLig:jellaSe ennis A. Smith Betty L. Smit STATE OF ARKANSAS COUNTY OF WASHINGTON ACKNOWLEDGMENT SS BE IT REMEMBERED, that on this date, before the undersigned, a duly commissioned and acting Notary Public within and for said County and State, personally appeared Dennis A. Smith and Betty L. Smith, husband and wife, to me well known as the persons who executed the foregoing document, and who stated and acknowledged that they had so signed, executed and delivered said instrument for the consideration, uses and purposes therein mentioned and set forth. WITNESS my hand and seal on this 29)* day of MY COMMISSION EXPIRES: ZG a UAt 1997. Scale: 1" = 80' Total Area = 47,967 SF Fee Simple ROW = 23,686 SF Remainder = 24,281 SF Dennis A. Smith & Betty L Smith Deed Ref 93-05466 -41 Existing Right of Way (1,953 sq. ft.) Right of Way (21,733 sq ft.) 281 sq. ft. (0.557 ac) NOTE: TRACTS HAVE BEEN ROTATED TO ARKANSAS STATE PLANE COORDINATES, NORTH ZoNNETH-998 DES 99068R57 firgecl NJ 96044 Sixth Street Right of Way Part Parcel No. 765-02497-000 Tract No. 48 WARRANTY DEED HUSBAND AND WIFE (With Relinquishment of Curtesy and Dower) BE IT KNOWN BY THESE PRESENTS: FILED FOR RECORD 99 JUL 30 RFI 8 08 WASHINGTON CO AR THAT WE, Dennis A. Smith and Betty L. Smith, husband and wife, K. HAMIESS hereinafter called GRANTORS, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey unto the City of Fayetteville, Arkansas, a municipal corporation, hereinafter called GRANTEE, and unto Grantee's successors and assigns, the following described land situated in the County of Washington, State of Arkansas to -wit: A part of Lot Eight (8) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southeast corner of said Lot 8; thence with the east line of Lot 8, North 02° 27' 17" East 191.15 feet to the Point of Beginning; thence North 82° 09' 19" West 85.38 feet; thence North 02° 27' 17" East 277.09 feet, more or less, to the existing South right of way line of State Highway #16 (Huntsville Road); thence with said existing south right of way line, South 43° 47' 42" East 117.67 feet to the east line of Lot 8; thence with said east line South 02° 27' 17" West 203.74 feet, to the Point of Beginning and containing 20,436 square feet (0.469 acre), more or less The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever. And the said Grantors, hereby covenant that they are lawfully seized of said lands and premises; that the same is unencumbered, and that the Grantors will forever warrant and defend the title to the said lands against all legal claims whatever. And we, the respective Grantors, hereby release and relinquish unto the said Grantee our respective rights of dower/curtesy and homestead in and to said lands. WITNESS the execution hereof on this aday of Dennis A. Smith ACKNOWLEDGMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON BE IT REMEMBERED, that on this date, before the undersigned, a duly commissioned and acting Notary Public within and for said County and State, personally appeared Dennis A. Smith and Betty L. Smith, husband and wife, to me well known as the persons who executed the foregoing document, and who stated and acknowledged that they had so signed, executed and delivered said instrument for the consideration, uses and purposes therein mentioned and set forth. WITNESS my hand and seal on this 2 day of SS. Mr COMMISSION EXPIRES: ..eSIOrae.mei Notary Ruplic • 99068658 1"=80' Dennis A. Smith & Betty L. Smith Total Area = 37,024 SF Fee Simple ROW = 20,436 SF Remainder = 16,588 SF Deed Ref. 93-05466 imple Road ROW (20,436 SF, 0.469 Acre) NOTE: TRACTS HAVE BEEN ROTATED TO ARKANSAS STATE PLANE COORDINATES, NORTH zON�MTH-897 DES 99058859 se • 'Project No 96044 Sixth Street Right of Way Part Parcel No. 765-02493000 Tract No. 3A WARRANTY DEED HUSBAND AND WIFE (With Relinquishment of Curtesy and Dower) BE IT KNOWN BY THESE PRESENTS: THAT WE, Dennis A. Smith and Betty L. Smith, husband and wife, hereinafter called GRANTORS, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey unto the City of Fayetteville, Arkansas, a municipal corporation, hereinafter called GRANTEE, and unto Grantee's successors and assigns, the following described land situated in the County of Washington, State of Arkansas, to -wit: FILED FOR RECORD 9 JUL 30 API 8 08 wAsHrwcrora co AR Fi;. 'crd�i$ A part of Lot Six (6) of Aumick's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described as follows: Commencing at the Southwest corner of said Lot 6; thence with the west line of Lot 6, North 02° 27' 17" East 215.01 feet, to the point of beginning; thence continuing with said west line, North 02° 27 17' East 151 89 feet; thence South 83° 30' 51" 75.19 feet; thence South 02° 27' 17" West 153.07 feet; thence North 82° 37' 04" West 75.28 feet, to the Point of Beginning and containing 11,436 square feet (0.263 acre), more or less. The bearings for this description are based on Arkansas State Plane Coordinates, North Zone, the system which the City of Fayetteville presently uses. This bearing system may vary from the bearings used in previous descriptions of this property. TO HAVE AND TO HOLD the said lands and appurtenances thereunto belonging unto the said Grantee and Grantee's successors and assigns, forever. And the said Grantors, hereby covenant that they are lawfully seized of said lands and premises; that the same is unencumbered, and that the Grantors will forever warrant and defend the title to the said lands against all legal claims whatever. And we, the respective Grantors, hereby release and relinquish unto the said Grantee our respective rights of dower/courtesy and homestead in and to said lands. WITNESS the execution hereof on this Gra day of ...e Dennis A. Smith c/Uy 1977 . STATE OF ARKANSAS COUNTY OF WASHINGTON ACKNOWLEDGMENT ss. BE IT REMEMBERED, that on this date, before the undersigned, a duly commissioned and acting Notary Public within and for said County and State, personalty appeared Dennis A. Smith and Betty L. Smith, husband and wife, to me well known as the persons who executed the foregoing document, and who stated and acknowledged that they had so signed, executed and delivered said instrument for the consideration, uses and purposes therein mentioned and set forth. WITNESS my hand and seal on this /27: day of Citii/y 19 97 . MY COMMISSION EXPIRES: C -D/-2a29 yy,,Not cycPublic • •.:avv w 9906,8C60