HomeMy WebLinkAbout157-00 RESOLUTION• •
RESOLUTION NO. 157-00
MICROFILMED
A RESOLUTION APPROVING THE TRANSFER OF PROPERTY
LOCATED AT 19 EAST FOURTH STREET FROM THE CITY OF
FAYETTEVILLE TO THE SOUTH FAYETTEVILLE
COMMUNITY DEVELOPMENT CORP.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1. That the City Council hereby approves the transfer of property located at 19
East Fourth Street from the City of Fayetteville to the South Fayetteville Community Development
Corporation; and authorizes the Mayor and City Clerk to execute an agreement to transfer said
property. A copy of the agreement is attached hereto marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 20 day of November , 2000.
APPROVED/
By:
ATTEST:
By:
Heather Woodruff, City
Fre Hanna, Mayor
NAME OF FILE:
CROSS REFERENCE:
Date
Contents of File
Initials
/PDD,i).4`1//fm€
o . /3l/,-. as
/D so -do
J
Swt-C Jit
-I
,/a/
Wei -}-,y) ..
/A/F/-/JO
)C/�1 , . S --,11i`' •
��12
/A-erao
/dice,
,,Z.4`��ArC�"1J.tt
�J
•
AGREEMENT
•
EXHIBIT A
THIS AGREEMENT is entered into this /4/ day of Av,>rragne_, 2000 by and between South
Fayetteville Community Development Corporation of Fayetteville, AR hereinafter called the " Corporation"
and the City of Fayetteville, AR, a municipal corporation, hereinafter called the " City."
WHEREAS, the Corporation is a private non-profit entity that develops and constructs housing that is affordable
to lower income Fayetteville citizens, and
WHEREAS, the City encourages neighborhood revitalization through improvements to housing, infrastructure
and associated improvements for Fayetteville citizens.
NOW THEREFORE, in consideration of the benefits to be derived from programs and services described herein,
the parties agree as follows.
1. The City, through its Community Development Division, has obtained title to real property generally
located at 19 East Fourth Street, Fayetteville, AR and more particularly described as:
See Attachment "A" , attached hereto and made a part hereof.
2. The real property described above was acquired by the City with Community Development Block Grant
Funds awarded to the city by the U.S. Department of Housing and Urban Development. The purpose of
the acquisition was to eliminate slums and blight on a spot basis.
3. The City will convey the real property described above to the Corporation for the sum of One Dollar
($1 00) and other good and valuable consideration.
4. The City will furnish title insurance in the amount of $15,500.00.
5. Each party will be responsible for payment of property taxes, if any, on the conveyed property, prorated as
of the date of closing.
6. In accordance with U.S. Department of Housing and Urban Development regulations governing the
Community Development Block Grant Program, the Corporation specifically agrees to construct housing
on the conveyed property that is affordable to persons having low and moderate income. Construction
completion date to be one year from the date of this agreement.
V 118IHXJ
•
• •
Page 2
Agreement - City of Fayetteville & SFCDC
114 WITNESS WHEREOF, the City and the Corporation have executed this agreement on or as of the date first
above written.
Attest:
Heather Woodruff, City Clerk
Attest:
THE CITY OF FAYETTEVILLE, ARKANSAS
Fred Hanna, Mayor
South Fayetteville Community Development Corporation (SFCDC)
By:
Tile: ifte
FAYE IIEVLLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENTAL CORRESPONDENCE
•
TO: Fayetteville City Council
FROM: Yolanda Fields, Community De
DATE: October 30, 2000
SUBJECT: Property - 19 E Fourth
The South Fayetteville Community Development Corp. (SFCDC) evolved out of an awareness
among South Fayetteville residents of the need to create an organization for neighborhood
improvement. The mission of the SFCDC is to mobilize leadership, resources and promote
cohesiveness for the purpose of improving the quality of life among residents.
The Community Development Division has purchased and cleared a lot in south Fayetteville. This
property is now available for the construction of an affordable home. This joint project will assist
in increasing affordable housing and in reducing the number of deteriorating structures.
x AGENDA REQUEST
CONTRACT REVIEW
GRANT REVIEW
For the Fayetteville
FROM:
Yolanda Fields
Name
• STAFF REVIEW FORM
City
Council meeting of Nov. 21, 2000
ACTION REQUIRED: Approval
at 19 E. Fourth to South
Comm. Dev. Admin. Services
Division Department
of an agreement for the transfer of property located
Fayetteville Community Development Corp.
COST TO CITY:
$ 0
Cost of this Request
Account Number
Project Number
Category/Project Budget Category/Project Name
Funds Used To Date Program Name
Remaining Balance Fund
BUDGET REVIEW:
udge Manager
Budgeted Item
Budget Adjustment Attached
Administrative Services Director
CONTRACT/GRANT/LEASE REVIEW: GRANTING AGENCY:
L7hitA47 eAstn2t-v /7- / 00 1) tm /(�i In'
Accountin a r Date Internal A ditor Date
CiittyN
i
nAttord
Purch-_in• 0
ST F'�iiT NDATION: Approval of agreement
�.3 0-O&
Date ADA Coordinator
(o-3o-ao
Date Grants Com•liance Date
Date
ervices Director
May
�d-30earl
Date
C:\DATA\BLANKFOR\AGENDA.BLK
Cross Reference
New Item: Yes No
Prev Ord/Res #:
Orig Contract Date:
Orig Contract Number:
•
• STAFF REVIEW FORM PAGE 2
Description Meeting Date
Comments: Reference Comments:
Budget Manager
Accounting Manager
City Attorney
Purchasing Manager
Internal Auditor
ADA Coordinator
Grants Coordinator
FAYETTEVPLLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENTAL CORRESPONDENCE
•
To: Yolanda Fields, Community Development
From: Heather Woodruff, City Clerk
Date: December 6, 2000
Attached is a copy of the resolution approving the transfer of property located at 19 East Fourth
Street. The original will be filed with the City Clerk.
cc: Ed Connell, Engineering
Nancy Smith, Internal Audit
•
1
•
v..
• •
RESOLUTION NO. 157-00
A RESOLUTION APPROVING THE TRANSFER OF PROPERTY
LOCATED AT 19 EAST FOURTH STREET FROM THE CITY OF
FAYETTEVILLE TO THE SOUTH FAYETTEVILLE
COMMUNITY DEVELOPMENT CORP.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1. That the City Council hereby approves the transfer of property located at 19
East Fourth Street from the City of Fayetteville to the South Fayetteville Community Development
Corporation; and authorizes the Mayor and City Clerk to execute an agreement to transfer said
property. A copy of the agreement is attached hereto marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 21" day of November , 2000.
APPROVED: e�
By:
ATTEST:
B
eather Woodruff, City
Fre Hanna, Mayor
•