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HomeMy WebLinkAbout94-00 RESOLUTIONRESOLUTION NO. 9/, -nn MICROFILMED A RESOLUTION APPROVING THE PURCHASE OF AN ABANDONED RAILROAD RIGHT-OF-WAY IN THE AMOUNT $50,000 WITH THE INTENT TO BUILD A MULTI -USE TRAIL BETWEEN PRAIRIE STREET AND THE WALTON ART CENTER PARKING LOT. isE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS • Section 1. That the City Council hereby approves the purchase of an abandoned railway right-of-way in the amount of$50,000 with the intent to build a multi -use trail between Prairie Street and the Walton Art Center parking lot. A copy of the apraisal report is attached hereto marked Exhibit "A" and made a part hereof. V*,,) AND APPROVED this 5th day of July , 2000. * APPROVED thy• By: ' Hanna, Mayor 4 .,bac %4 i Heather Woodruff, City Cler • NAME OF FILE: • 4 1. t., gel 00 CROSS REFERENCE: Date Contents of File Initials 74-106 / �70� ////A 91 d 6 6-l/Da r , % m ri,,,, St t ._, .•44 2' tao,J oa JV D) %P,# ri 44 f /,2 -ori ya2*A o�U4 ,,46D/c%iio , ,,-, n%/D,,a% y� —oo .. ", „ \-i %/.�-DD 7,„ �„ G ��9-iv,, S i • PROJECT COUNTY PARCEL # LOCATION FEE OWNER ADDRESS ESTATE APPRAISED • APPRAISAL REPORT FOR CITY OF FAYETTEVILLE 1 EXHIBIT A Complete Summary Appraisal Report Burlington Northcm and Santa Fe Railway Company Railroad Rights -of -Way Washington 765-02030-000, 02030A, 02033, 02033A, 05525, 05525A W of West Si, and S of Mountain St. to Prairie St, Fayetteville Burlington Northcm and Santa Fc Railway Company Various Rights -of -Way, Sec attached legal descriptions Fee Simple AREA OF SUBJECT PROPERTY (Description attached) Permanent Fcc Simple Interest 143,482 Sq. Ft. 143,482 Sq. Ft. ESTIMATED FAIR MARKET VALUE OF THE PROPERTY: Land Improvements Total $ 50,000 $ 0 FAIR MARKET VALUE OF SUBJECT PROPERTY As of the 30th ofMay, 2000 ALLOCATION OF F.M.V. OF SUBJECT PROPERTY Fee Simple Interest 143,482 Sq. Ft. @ $0.35/Sq.Ft. = $ 50,218 Say $ 50,000 ATTACHMENTS: X Certificate of Appraiser X Photographs X Site, H&B Use Narrative X Legal Descriptions X Market Data Approach Survey $50,000 PGu,GEt?•• g Ste $ ;' STATE '`Po ERTIFIED o t GENERAL:' No. CG0202 f?KE.F`�500°� er, Mark E. Risk GAA, #CG0202 °jtttttmnntntnttmtt° Appm ► 1 • pp 'ser, Leslie Manning rn x 2 PROJECT COUNTY PARCEL # LOCATION FEE OWNER ADDRESS ESTATE APPRAISED APPRAISAL REPORT FOR CITY OF FAYETTEVILLE Complete Summary Appraisal Report Burlington Northem and Santa Fe Railway Company Railroad Rights -of -Way Washington 765-02030-000, 02030A, 02033, 02033A, 05525, 05525A W of West St., and S of Mountain St. to Prairie St., Fayetteville Burlington Northern and Santa Fe Railway Company Various Rights -of -Way, See attached legal descriptions Fee Simple AREA OF SUBJECT PROPERTY 143,482 Sq. Ft. (Description attached) Permanent Fee Simple Interest 143,482 Sq. Ft. ESTIMATED FAIR MARKET VALUE OF THE PROPERTY: Land Improvements Total $ 50,000 � 0 FAIR MARKET VALUE OF SUBJECT PROPERTY As of the 30th ofMay, 2000 ALLOCATION OF F.M.V. OF SUBJECT PROPERTY Fee Simple Interest 143,482 Sq. Ft. @ $0.35/Sq.Ft. = $ 50,218 ATTACHMENTS: X Certificate of Appraiser X Photographs X Site, H&B Use Narrative X Legal Descriptions X Market Data Approach Survey Say $ 50,000 $50,000 I hereby certify: CERTIFICATE OF APPRAISER That I have personally inspected the property herein appraised, that I have made a personal field inspection of the comparable sales relied upon in making said appraisal. The subject and the comparable sales relied upon in making said appraisal were as represented by the photographs and data contained in said appraisal. That to the best of my knowledge and belief the statements contained in the appraisal herein set forth are true, and the information upon which the opinions expressed therein are based is correct. That the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions, and conclusions. The City of Fayetteville has initiated this project. That such appraisal has been made in conformity with the appropriate City laws, regulations, and policies and procedures applicable to appraisal of fee simple land acquisitions, right of ways and easements for such purposes; that in appraising the value before acquisition, no consideration has been given to increases or decreases in Fair Market Value caused by the public improvement; and that to the best of my knowledge no portion of the value assigned to such property consists of items which are noncompensable under the established law of said City. That neither my employment nor my compensation for making this appraisal and report are in any way contingent upon the values reported herein. That I have no direct or indirect, present or contemplated future personal interest in such property, and no personal interest or bias with respect to the parties involved, or in any benefit from the acquisition of such property appraised. That I have not revealed the findings and results of such appraisal to anyone other than the proper officials of the City of Fayetteville, and I will not do so until so authorized by said City officials, or until I am required to do so by due process of law, or until I am released from this obligation by having publicly testified as to such findings. That my analyses, opinions, and conclusions were developed and this report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice and no one provided significant professional assistance to the persons signing this report. That in my opinion the fair -market value of the subject property as of the 30th day of May, 2000, is $50,000 based upon my independent appraisal and the exercise of my professional judgme Date JOB PARCEL `' ?':... ' . CATie9 STr;TE CERTIFIED GENERAL o '•• No. CG020.: o If- /4AwA -'.ture 6 ign ture Burlington Northern and Santa Fe Railway Company Rights -of --Way 765-02030-000, 02030A, 02033, 02033A, 05525, 05525A PICTURES • Subject Site looking North from Prairie St. View of the Subject Site looking North toward Rock St. from around South St. area Prairie Street Scene facing West • CONTACTED FOR APPRAISAL INSPECTION AND COMMENTS DATE: May 30, 2000 NAME: City of Fayetteville COMMENTS: The appraisers visually inspected the subject site on the above date. The appraisers obtained the legal descriptions of the subject sites from Crafton and Tull, Engineers. The appraisers were unaccompanied on their inspection of the subject property. GENERAL REMARKS: The subject property consists of (6) contiguous railroad right of way parcels currently owned by The Burlington Northern and Santa Fe Railway Company and located in downtown Fayetteville Generally, the parcels are 100 feet wide and have poor accessibility. The topography includes level to steep sloping characteristics. 3 YR. SALE HISTORY: To the appraiser's knowledge, there have been no transactions affecting the subject properties within the past three years. CHANGES IN PROPERTY SINCE DATE OF PURCHASE: The subject properties are railroad rights of way that are either discontinued railroad lines or rights of way that were never constructed upon METHOD OF APPRAISAL: The appraiser has utilized the Market Data or Sales Comparison Approach to value the subject property. • GENERAL INFORMATION MARKET VALUE DEFINED The Appraisal Foundation defines market value as follows: "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably, and assuming the price is not affected by unchce stimulus. Implicit in this definition is the consummation of a sale as of a specified dale and the passing of title from seller to buyer under conditions whereby: I. Buyer and seller are typically motivated 2. Both parties are well Wormed or well advised and each acting in what he considers his own best interest. 3. A reasonable time is allowed for exposure in the open market. 4. Payment is made in terms of cash in U.S dollars or in terms of financial arrangements comparable thereto. 5. The price represents the normal consideration for the properly sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale." PURPOSE OF THE APPRAISAL This appraisal is made for the purpose of estimating the Fair Market Value of the subject property. The intended use of the appraisal is for possible purchase purposes by the City of Fayetteville for the Rails to Trails Project. PROPERTY RIGHTS APPRAISED The property is appraised as though owned in fee simple and unencumbered A fee simple title is the fullest type of private ownership possible, subject to all public limitations including zoning, taxation, and eminent domain; and also subject to private limitations, which may exist, such as easements and restrictions of record • CONTINGENT AND LIMITING CONDITIONS This property is appraised in fee simple subject to the following limiting conditions: 1. It is assumed by the appraiser that the maps, construction plans, and/or tract descriptions furnished to him are correct. 2. It is assumed by the appraiser that the attached deed furnished to him is correct and reflects the fee owner and all holders of less than fee interests in the property. 3. It is the opinion of the appraiser that information gathered by him from various sources, including dates, estimates and opinions, which are contained in this report were obtained from sources considered reliable; however, no liability for them can be assumed or guaranteed by this appraiser. 4. No responsibility for matters legal in character is assumed by your appraiser. All existing hens and encumbrances have been disregarded, and the property is appraised as though free and clear. The various sketches and exhibits included in this appraisal are placed herein to assist the reader in visualizing the property under appraisal. Your appraiser made no surveys and accepts no responsibility for them. • • THE APPRAISAL PROCESS A professional appraisal begins with a thorough inspection of the property being appraised. This includes a physical inspection of the site and all improvements, which have contributory value. It also includes an inspection of the neighborhood and of site improvements, which may positively or negatively affect the value of the subject property. And finally, it includes a review of the general area of the subject in order to ascertain any favorable or unfavorable environmental or economic conditions which may exist, such as proximity to markets, poultry and swine, industries, schools, etc. After a thorough analysis of the subject property, its neighborhood, and its general area, the appraiser then attempts to ascertain a fair market value. Three time -tested appraisal approaches or techniques are utilized in the profession in order to develop a value indication. These three approaches are the Market Data Approach, the Cost Approach, and the Income Approach. Each approach is briefly descnbed as follows: The Market Data Approach - A comparison is made between the subject property and similar properties, which have sold recently in the market place The Cost Approach - A replacement cost new of the improvements is determined and the applicable amount of depreciation is deducted in order to obtain a value estimate. The Income Approach - Bases a value estimate upon the amount of net income the property can reasonably produce over its expected lifetime. Each approach utilizes the various principles of value, which exist in the marketplace. These value principles include supply and demand, balance, contribution, conformity, external items, opportunity costs, and utmost - substitution. The principal of substitution states simply that a knowledgeable, prudent purchaser has three alternatives. That is, 1) to buy a vacant site and construct a duplicate or similar property without delay (Cost Approach), 2) to purchase another existing property with equal or similar desirability and utility (Market Data Approach), or 3) to invest in or acquire a comparably yielding income stream of similar quality, quantity and longevity (Income Approach). All three approaches may not be used in all appraisal assignments depending upon the applicability of the approach to the property being appraised and the scope of the appraisal assignment. After the appraiser applies the applicable approaches to the subject property, he must reconcile the differences in value so indicated. Based upon the appraiser's experience and judgment, this may involve selecting one of the three approaches which is deemed more reliable or it may involve employing a weighted average of the three approaches in his final correlation or conclusion of value. With regards to the subject appraisal, only the Market Data or Sales Comparison Approach is deemed applicable. • SCOPE OF THE APPRAISAL The scope of the appraisal encompasses the necessary research and analysis to prepare a report in accordance with its intended use, the Standards of Professional Practice of the Appraisal Institute, and the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation. This appraisal is based upon the information gathered by the appraiser from the public records, other identified sources, and an inspection of the subject property and neighborhood. Data believed to be unreliable was not included in this report nor used as a basis for the value conclusion. The subject property was physically inspected by the appraisers on May 30, 2000. The subject photographs were taken on that date. Area, city, and neighborhood data were based on information in the Real Estate Consultants library and files. The neighborhood section was based upon a physical inspection of the area as well as data from the City of Fayetteville. The subject property data was based upon the physical inspection of the property and information obtained from municipal authorities. In evaluating the highest and best use for the subject property, an analysis was made of data compiled in the steps noted above. In addition, a study of the market in the subject area has been made to help determine the feasibility of future uses. In developing the appraisal approaches to value, market data used were collected from the Real Estate Consultants' office files; other appraisers, Realtors, courthouse records, or persons knowledgeable of the subject property marketplace; and the municipal offices in the Northwest Arkansas area. After assembling and analyzing the data defined in this scope of the appraisal, a final estimate of market value was made. • NEIGHBORHOOD DATA AND ANALYSIS For appraisal purposes, a neighborhood is considered to be a portion of a large community in which there is a homogeneous grouping of inhabitants, buildings, or business enterprises. Inhabitants of a neighborhood usually have a more casual community of interest and a similarity of economic level and cultural background. Neighborhood boundanes may consist of well-defined natural or man- made barriers, or they may be more or less well defined by a distinct change in land use, or in the character of the inhabitants. The subject property is located in downtown Fayetteville Neighborhood boundaries could be University Ave. to the west, Dickson St. to the north, S. School Ave. to the east, and 6th St. to the south. Mainly older, residential dwellings on city lots characterize the subject neighborhood. This area of Fayetteville is a mature neighborhood located on the south side of the Fayetteville square Property values appear to be stable at this time. The neighborhood is in the Fayetteville School System. Jefferson Elementary School. The neighborhood is provided police and fire protection from the City of Fayetteville. Municipal water and sewer is available to most of the neighborhood, and is supplied by the City of Fayetteville. Electrical service is available to all of the neighborhood, and is supplied by SWEPCO. Natural gas is also available to most the neighborhood, and is supplied by Arkansas Western Gas Company. Prairie St, Mountain St., Rock St., South St., Gregg Ave. and West St. provide access to and from the immediate area of the subject. DESCRIPTION OF THE SUBJECT PROPERTY Site The subject property under appraisement consists of (6) irregular-shaped parcels of various sizes. See attached legal descriptions for individual dimensions. The total site contains approximately 143,482 Sq. Ft. or 3.29 Acres. The extreme southern boundary of the site has direct access from Prairie St.. The northern boundary includes an unimproved portion of Mountain St. Drainage appeared to be adequate upon inspection. The site is generally 100 feet wide and has steep sloping characteristics in many areas with poor access and visibility. The site is presently encumbered with regular utility easements and all utilities are available to the site. The subject site lies within the City Limits of Fayetteville, and has a combination of Industrial (1-1) and Residential Office (R-0) zoning. Improvements None LEGAL DESCRIPTION See Attached Legal Descriptions HIGHEST AND BEST USE By "Highest and Best Use" is meant the most likely and profitable use to which a property can be put. It is sometimes called the most profitable or optimum use. It is that use which, at the time of the appraisal, would most likely produce the greatest net return in money or amenities. The appraiser has analyzed the highest and best use of the subject property as follows: The subject property is currently unimproved. The site is located in an area comprised primarily of residential dwellings and offices. Research indicates that most of the railroad rights of way ownership transfers in recent years have been purchases made by adjoining property owners. Due to its poor topography and access, it is the opinion of the appraiser that the subject's highest and best use would be as plottage with adjoining property. • MARKET DATA APPROACH Analysis of the Market Data and Conclusion of Value The Market Data Approach is an attempt to measure the reaction of typical buyers and sellers in the market. In this approach, a direct companson is made between the property being appraised and comparable properties, which have sold recently. The value of the property being appraised is inferred from the selling prices of comparable properties. To be "comparable," a property need not be identical to the subject. The word "comparable" is used in its ordinary sense, meaning something, which is capable of being compared with or worthy of comparison The appraiser has conducted an extensive search for recent sales of railroad right of way land in the vicinity of the subject property, which would be considered comparable to the subject land. These sales are included in this report. After analysis of the R -O -W land sales, the comparable sales reflect a value range of $0.06/Sq.Ft. to $2.21/Sq.Ft. This is a significant range due to differences in location, size, and land utility All sales were purchased by adjoining landowners for assembledge. These sales are considered very good indicators of the subject's value. It is the appraiser's opinion that the subject's land value would fall within the lower section of this value spectrum due do its size, zoning, land characteristics, location, and other characteristics. Based upon the above sales and analysis thereof, and after adjustments are made for differences in size, location, terrain, availability of utilities, access, zoning and other economic factors, it is the opinion of this appraiser that the Fair Market Value of the subject property as of the date of this appraisal is as follows: Fee Simple Land Value Approx. 143,482 Sq. Ft. @ $0.35/SF = $50,218 Say $50,000 Comparable Market Data) RIA NITR[D IT d\Tn.L. FAYCT ]IXWCS AT LOWER • COMPARABLE LAND SALES LAND SALE #1 Grantor: Grantee: Location: Legal Description: Date of Sale: Reported Consideration: Site Characteristics: Size: Improvements: Zoning: Remarks: Indicated Price: • The Burlington Northern and Santa Fe Railway Co. Filbeck, Kim West 6th St., Fayetteville All that portion of The Burlington Northern and Santa Fe Railway Company's property at Fayetteville, Arkansas 72701, located on the Ft. Smith, Arkansas to Monett, Missouri Branch Line, now discontinued, located upon, over and across part of Block 21 of Ferguson's Addition to the City of Fayetteville, Arkansas. 10/29/98 $8,000 Narrow, level to steep sloping parcel with 25.31' road frontage on 6th Street (Hwy. 62). Appx. 3,614 Sq. Ft. or 0.08 Acres None C-2 - Commercial Thoroughfare Narrow parcel purchased by adjoining property owner. Site has little road frontage and minimal access. $2.21/Sq. Ft. r • LAND SALE #2 Grantor: Burlington Northern Railroad Company Grantee: G. Denele Campbell Location: East of Gregg Ave., running north to south from W. Meadow St. to W. Center St. Legal Description: A 100.0 foot wide strip of land situated in the West half of Block 21 of the Original Plat of the City of Fayetteville, Washington County, Arkansas together with portions of Gregg Avenue, West Center Street and West Meadow Street, being 50.0 feet wide on each side of the hereinafter described old Pacific and Great Eastern Railway Main Track centerline, as originally located and constructed, bounded on the North by the centerline of said West Meadow Street and bounded on the South by the centerline of West Center Street. Date of Sale: 01/26/96 Reported Consideration: $18,000 Site Characteristics: Narrow, level to steep sloping parcel Size: Approx. 37,238 Sq. Ft., or 0.85 Acres Improvements: None Zoning: R-0 — Residential Office Remarks: Railroad right-of-way parcel purchased by adjoining owner. Indicated Price: $0.48/Sq.Ft. LAND SALE #3 • Grantor: Burlington Northern and Santa Fe Railway Company Grantee: ANT, LLC Legal: Pt. SE 1/4, SE 1/4, Section 20, T16N, R3OW Date of Sale: 02/24/98 Sales Price: $26,000 Location: East of Vale Ave. and West of S. Garland Ave. and North of Cato Springs Rd. Size: Approx. 126,760 Sq. Ft., or 2.91 Acres Zoning: I-1 —Heavy Commercial, Light Industrial Improvements: None Remarks: Level to sloping parcel located in industrial area of Fayetteville. Indicated Value: $0.21/Sq.Ft. LAND SALE #4 • Grantor: Burlington Northern and Santa Fe Railway Company Grantee: Terry L. & Carolyn E Peterson Legal: All that portion of The Burlington Northern and Santa Fe Railway Company's 100.0 foot wide right of way, now discontinued, being 50.0 feet wide on each side of the former S. Louis -San Francisco Railway Company's Muskogee Subdivision Main Track centerline, as onginally located and constructed upon, over and across Block 22 of the Original Town of Fayetteville, Arkansas, and the South half of West Center Street, according to the recorded plat of Fayetteville, Washington County, Arkansas, bounded between the centerline of West Center Street and the North line of West Mountain Street, according to said plat. Date of Sale: 04/23/97 Sales Price: $16,500 Location: 545 W. Center St., Fayetteville Size: Approx. 10,700 Sq. Ft., or 0.25 Acres Zoning: C-3 - Commercial Improvements: None Remarks: Railroad right-of-way purchased by the adjacent property owner. Indicated Price: $1.54/Sq.Ft. • • LAND SALE #5 Grantor: Burlington Northern and Santa Fe Railway Company Grantee: James H. Stewart and Charles W. Stewart Legal: The Northerly 50 feet of the Burlington Northern and Santa Fe Railway Company's 100 foot wide Fayetteville to Pettigrew, Arkansas Branch Line right of way, now discontinued, located upon, over and across the North Half of the Southwest Quarter of the Southeast Quarter of Section 21, Township 16 North, Range 30 West of the 5th Principal Meridian, Washington County, Arkansas, bounded on the East by the East line of said North Half of the Southwest Quarter of the Southeast Quarter and bounded on the Westerly side by the centerline of State Highway No. 71; also The Southerly 50 feet of said Railway Company's 100 foot wide Branch Line right of way in said North Half of the Southwest Quarter of the Southeast Quarter of Section 21, bounded on the East by the East line of said North Half of the Southwest Quarter of the Southeast Quarter and bounded on the Westerly side by a line extending North 08 degrees, 31 minutes East from a point on the Southerly line of said 100 foot wide Branch Line right of way distant 318 feet Westerly from the East line of said North Half of the Southwest Quarter of the Southeast Quarter. Date of Sale: 11/03/97 Sales Price: $3,000 Location: East of Hwy. 71B and North of 19th Street. Size: Approx. 46,609 Sq. Ft. or 1.07 Acres Zoning: C-2 — Commercial Thoroughfare Improvements: None Remarks: Located in south Fayetteville with Hwy. 71 frontage on S.School St. Purchased by adjoining property owner. Indicated Value: $0.06/sq.ft. • -� / ' SPRING STREETS onn' REwOt PR0FERT0:$VC. CI / '/ WALTON ART WST.N0.9940c20 -I /(_}'/ CENTER COUNCIL INST. NO. S9-40425 012.8 I HST. NO. 972052 HST,NO.99-40425 I i a f / $TREET OELOTLANOTROST 11 ' WST. NO. 99g5M0` I� ,I 01010 55VFq 9T.no. 9T.22I e. D 1 , II i 01681 ^T— 0E.$OM YA 10]e.xex . NNORTN COLLEGE OEV. I g 010°2 ST.No. on -193z CNIPoELL INST. NO. 96-0Sc25 a3 Ot6M 0ASSETT WST. NO.9c32T2x 0160] WO 1265.331 _' WD 1x66.532 PETERSON WST.N0,923e12 HAMPTON W51. NO. 93.02299 FRISCO RASROG II OTYMT. OF i V1LlE INST. NO. 95101]6 5-i0fl STATE OF ARNAnSAi :nom. — LAUFER W01.02351 CENTER STREET X o, I — 0 I $ _LONG W T. No. 955135, - MOUNTAIN STREET 02022 OF25' ALLNEG YiO IM2.39 ORT.nSTREET LLG NO VD.3o iusm10I axm> I OR11pNG flIST,NO.91.Si13J I _ II ozom � �II1l1 __ „1___ I OSTNER/JENSEN WST.I NO. 1 96-.331° I ^_ 1 �MARTW WO 1250.609 I ' 0x023 I'I I 1 II JONES, 1RUSTEEl WD 1031435 FRISCORAOROAD I I I I 02123 I I W0 1066.136 026M, OECHAUD WD 1295209 __ ROCK STREET T1�2 MCCLELAiO/GRANS w 1099266 02034 TMURMONO/lnVRMONO FIST, NO. 9656202 1 O 31 �I MURMONO W$T, NO. 9636996 I GARREI'f 1NST.N0.92502c1 'S —JONES. i4u®E WD 10]1.136 I I I 02015 L - 1 SOUTH STREET OSSM KOVACN '^D .'.M -D2 93522 LS -HARRIS 46. u .71. PETERS u.1 � t 0SmM RcM WST.NO.00.1pc6 29 0 t WD 1102.062 OSSR ELLET w0 UdpS f1USCORJLR A ` 0S530 .-..JOHNSTON @v0 nals, �- �1 ROSEw1C2 Y1�°y° W$T. NO 2.01111' Rlot Mt R A ` $ g ��t� ROSEwI IN T NO_ .33212 „ o tt 1 PRAIRIE STREET m • 1 i i I p o p LL i I 1 t E 3 n ' ` 'S ��I \ I W O 6 z p 21 o > 1 • �� z 0 F a a N 0 u Cr IN LL J J W W C 0 O a z u 0 U6/U2/2000 12:06 5U1575U31& GiiY ruY iui rLuUO: r we w • • City of Fayetteville: Rails to Trails Project CTA 99217.00 lgldscO2.doc TRACT; 765-02030-000 All that portion of the 100.0 feet wide railroad right-of-way, now discontinued, being 50.0 fact wide on each side of the Main Track centerline, as originally located and constructed across Block 35 of the original Town of Fayetteville, Washington County, Arkansas, being more particularly described as follows: commencing at the Northeast corner of said Block 35 and running thence West 171.96 feet along the North line of Block 35 to the East line of the railroad right-of-way for the point of beginning; thence leaving the North line of Block 35 and continuing along the East line of the railroad right-of-way along a curve to the right an arc length of 260.25 to a point of compound curve, said curve having a radius of 2096.53 feet, a central angle of 07°06'45" and a long chord of S 07°00'40" E 260.09 feet ; thence along a curve to the right an arc length of 67.92 feet to a point on the South line of Block 35, said curve having a radius of 1728.65 feet, a central angle of 02°15'04" and a long chord of S 02°19'46" E 67.91 feet; thence leaving the East line of the railroad right-of-way and continuing along the south line of Block 35, West 100.02 feet to the West fine of the railroad right-of- way; thence leaving the Southline of Block 35 and continuing along the Hest line of the railroad right-of-way along a curve to the loft an arc length of 61.e9 feet to a point of compound curve, said curve having a radius of 1628.65 feet a central angle of 02°10'38" and a long chord of N 02°21'59" W 61.08 feet; thence along a curve to the left an arc length of 266.51 feet to the North line of Block 35, said curve having a radius of 1996.53 feet, a central angle of 07°3854" and a long chord of N 07°16'45" W 266.31 feet; thence leaving the West line of the railroad right-of-way and continuing along the North line of Block 35, East 101.81 feet to the point of beginning, containing approximately 32,828 square feet or 0.75 acres more or less. Subject to any casements and/or rights -of -way of record. Prepared by: Crafton, Tull & Associated, Inc. 2345 Green Acres Road Fayetteville, AR 72703 04/18/00 UVi U/OOO 1... LID Jul JIJVJIU V+I 4•-11 =' ' Lw" v' - City of Fayetteville: CTA 99217.00 lgldscol.doe TRACT: 765-02030-000A Rails to Trails Project All that portion of the 100.0 Leet wide railroad right-of-way, now discontinued, being 50.0 feet wide on each side of the Main Track .centerline, as originally located and constructed across an area reserved for Mountain Street right-of-way (never constructed) between Block 22 and Block 35 of the Original Town of Fayetteville, Washington County, Arkansas, being more particularly described as follows: commencing at the Northeast corner of said Block 35 and running thence West 171.96 feet along the North line of Block 35 to the East line of the railroad right -of -way for the point of beginning; thence leaving the tact line of the railroad right-of-way and continuing along the North line of Block 35, west 101.81 feet to the West line of the railroad right-of-way; thence leaving the North line of Block 35 and continuing along the West line of the railroad right-of-way, along a curve to the left an arc length of 59.77 feet to the South line of Block 22, said curve having a radius of 1996.53 feet, a central angle of 01°42'55^ and a long chord of N it°57'39^ W 59.77 feet; thence leaving the west line of the railroad right-of-way and continuing along the South line of Block 22, S 69°51'07" E 202.49 feet to the East line of the railroad right-of-way; thence leaving the South line of Block 22 and continuing along the East line of the railroad right-of-way, along a curve to the right an arc length of 59.37 feet to the point of beginning, said curve having a radius of 2096.53 feet, a central angle of 01°37'21° and a long chord of S 11°22'43" S 59.37 feet, containing approximately 5,957 square feet or 0.14 acres more or less. subject to any easements and/or rights -of -way of record. Prepared by: Crafton, Tull & Associates, Inc. 2345 Green Acres Road Fayetteville, AR 72103 04/18/00 VV. V..: aUUU a. - . VU JUIJ•JL J1V LJII , •J• Il4Vn •.'. V.- ..' • • City of Fayetteville; Rails to Trails Project CIA 99217.00 lgldsc04.doc TRACT: 765-02033-000 All that portion of the 100.0 feet wide railroad right-of-way, now discontinued, being 50.0 feet wide on each side of the Main Track centerline, as originally located and constructed across Block 36 of the Original Town of Fayetteville. Washington County. Arkansas, being more particularly described as follows: commencing at the Northeast corner of said Block 36 and running thence West 136.13 feet along the North line of Block 36 to the East line of the railroad right-of-way for the point of beginning; thence leaving the North line of Block 36 and continuing along the East line of the railroad right-of-way along a curve to the right an arc length of 90.50 feet to a point of compound curvature, said curve having a radius of 1720.65 feet, a Central angle of 02°59'59" and a long chord of S 01°4256" W 90.49 feet; thence along a curve to the right an arc length of 230.97 feet to a point of compound curvature, said curve having a radius of 3736.42 feet, a central angle of 03°32'30" and a long chord of S 04°59'11" W 230.93 feat; thence along a curve to the left an arc length of 195.64 feet to a point of compound curvature, said curve having a radius of 982.16 feet, a central angle of 11°24'47" and a long chord of S 01°03'02" W 195.32 feet; thence along a curve to the left an arc length of 38.00 feet to a point on the South line of Block 36, said curve having a radius of 530.61 feet, a central angle of D4°06'12" and a long chord of S 06°42'27" E 37.99 feet; thence leaving the East line of the railroad right-of-way and continuing along the South line of Block 36, S 89°57'23" W 100.98 feet to the Went line of the railroad right-of-way; thence leaving the South line of Block 36 and continuing along the West line of the railroad right-of-way along a curve to the right an arc length of 29.86 feet to a point of compound curvature, said curve having a radius of 630.61 feet, a central angle of 02°4247" and a long chord of N 06°00'44" N 29.86 feet; thence along a curve to the right an are length of 215.56 feet to a point of compound curvature, said curve having a radius of 1082.16 feet, a central angle of 110241470 and a long chord of N Q1°0302 " E 215.20 feet; thence along a curve to the left an arc length of 224.79 feet to a point of compound curvature, said curve having a radius of 3636.42 feet, a central angle of 03°32'30" and a long chord of N 04°59'11" E 224.75 feet; thence along a curve to the left an arc length of 84.89 feet to the North line of Block 36, said curve having a radius of 1628.65 feet, a central angle of 02°59'11" and a long chord of N 01°43'20" E 84.85 feet; thence leaving the West line of the railroad right-of-way and continuing along the North line of Block 36, East 100.00 feet to the point of beginning, containing approximately 55,510 square feet or 1.27 acres more or less. Subject to any easements and/or rights -of -way of record. Prepared by: Crafton, Tull & Associates, Inc. 2345 Green Acres Road Fayetteville, AR 72703 04/10/00 Ub/UL/2000 12: Ub bulb/pd31b US I riY lhi fLWK • City of Fayetteville: Rails to Trails Project CIA 99217.00 lgldsc03.doc TRACT: 765-02033-000A LEGAL DESCRIPTION: RAILROAD R/W - ROCK STREET ORIGINAL TOWN All that portion of the 100.0 feet wide railroad right-of-way, now discontinued, being 50.0 feet wide on each aide of the Main Track centerline, as originally located and constructed across an area reserved for Rock Street right-of-way (never constructed) between Block 35 and Block 36 of the Original Town of Fayetteville, Washington County, Arkansas, being more particularly described as follows; commencing at the Northeast corner of said Block 36 and running thence West 136.13 feet along the North line of Block 36 to the East line of the railroad right-of-way for the point of beginning; thence leaving the East line of the railroad right-of-way and continuing along the North line of Block 36, West io0.00 feet to the West line of the railroad right-of-way; thence leaving the North line of Block 36 and continuing along the West line of the railroad right-of-way, along a curve to the left an arc length of 42.83 feet to the South line of Block 35, said curve having a radius of 1620.65 feet, a central angle of 01°30'24° and a long chord of N 00°31'28• w 42.83 feet; thence leaving the West line of the railroad right-of-way and continuing along the South line of Block 35, East 100.02 feet to the East line of the railroad right-of-way; thence leaving the South line of Block 35 and continuing along the East line of the railroad right-of-way, along a curve to the right an arc length of 42.83 feet to the point of beginning, said curve having a radius of 1720.65 feet, a central angle of 01°25'10" and a long chord of S 00°29'38^ E 42.83 feet, containing approximately 4,283 square feet or 0.10 acres more or less. Subject to any casements and/or rights-wf-way of record. Prepared by: Craf ton, Tull & Associates, Inc. 2345 Green Acres Road Fayetteville, AR 72703 04/10/00 Pubs U4 Ub/U2/Z000 12:06 bU1b7bU31b CJIY FNY ISi I-LULP' HAUL Ub S City of Fayetteville: Rails to Trails Project CTA 99217.00 lgldscO5.doc TRACT; 765-05525-000A LEGAL DESCRIPTION; RAILROAD R/W - SOUTH STREET. ORIGINAL TDWN All that portion of the 100.0 feet wide railroad right-of-way, now discontinued, being 50.0 feet wide en each side of the main Track centerline, as originally located and constructed across an area reserved for South Street right-of-way (never constructed) between Block 36 of the Original Town of Fayetteville, and Block 22 of Ferguson's Addition to the City of Fayetteville, Washington County, Arkansas, being more particularly described an follows: commencing at the Northeast corner of said Block 22 and running thence S 89°57'Z3" H 163.36 feet along the North line of Block 22 to the East line of the railroad right- of-way for the point of beginning; thence leaving the East line of the railroad right-of-way and continuing along the North line of Block 22, S 09°57'23" W 103.32 feet to the West line of the railroad right-of-way; thence leaving the North line of Block 22 and continuing along the West line of the railroad right-of-way, along a curve to the right an arc length of 66.10 feet to the South line of Block 36, said curve having a radius of 630.61 feet, a central angle of o6°00'21" and a long chord of N 10°22'18" H 66.07 feet; thence leaving the West line of the railroad right-of-way and continuing along the south line of Block 36, N 89°57'23" E 100.98 feet to the East line of the railroad right-of-way; thence leaving the South line of Block 36 and continuing along the East line of the railroad right-of-way, along a curve to the right an arc length of 66.57 feet to the point of beginning, said curve having a radius of 530.61 feet, a central angle of 07°11'19" and a long chord of S 12.21'13" E 66.53 feet, containing approximately 6,631 square feet or 0.15 acres more or less. Subject to any easements and/or rights -of -way of record. Prepared by; Craf ton, Tull 6 Associates, Inc. 2345 Green Acres Road Fayetteville, AR 72703 04/18/00 UbiUL/2000 it:Ub 7Ui7ibbdib Lai? bAY L FLUUK r'i;bt Ui S City of Fayetteville: Rails to Trails Project CTA 99217.00 lgldec06.doc TRACT: 765-05525-000 All that portion of the 100.0 feet wide railroad right -o€ -way, now discontinued, being 50.0 feet wide on each side of the Main Track centerline, as originally located and constructed across Block 22 of Ferguson's Addition to the City of Fayetteville, Washington County, Arkansas, less and except the Easterly 50 feet of said 100.0 feet wide railroad right-of-way conveyed to Emil Rosewicz by Quitclaim Decd record 94035212, being more particularly described as follows: commencing at the Northeast corner of said Block 22 and running thence S 89°57'23" W 163.36 feet along the North line of Block 22 to the East line of the railroad right-of-way for the point of beginning; thence leaving the North line of Block 22 and continuing along the East line of the railroad right-of-way along a curve to the left an arc length of 0.46 feet, said curve having a radius of 530.61 feet, a central angle of 00°02'57" and a long chord of S 15°58'21" E 0.46 feet; thence 5 15°59'49" E 288.68 feet to the NE corner of the property described on Quitclaim Deed record 94035212; thence leaving the Beat line of the railroad right-of-way and continuing along the boundary of the property described on Quitclaim Deed record 94035212, S 89°57'23" W 52.00 feet to the centerline of the railroad right -of -wry; thence continuing along the centerline of the railroad right-of-way, 5 15°59'49" E 186.67 feet to the South line of Block 22, thence leaving the centerline of the railroad right-of-way and continuing along the South line of Block 22, 5 08°33'43" W S1.GG feet to the West line of the railroad right-of-way; thence leaving the South line of Block 22 and continuing along the West line of the railroad right-of-way, N 15°5949° W 448.07 feet; thence along a curve to the right an arc length of 28.86 feet to the North line of block 22, said curve having a radius of 630.61 fact, a central angle of 02°37'21" and a long chord of N 14°41'09" W 28.86 feet; thence leaving the West line of the railroad right-ol-way and continuing along the North line of Block 22, N 89°57'23" E 103.32 feet to the point of beginning, containing approximately 38,273 square feet or 0.88 acres more or less. Subject to any easements and/or rights -of -way of record. Prepared by: Craf ton, Tull & Aneociatee, Inc. 2345 Green Acres Road Fayetteville, AR 72703 04/18/00 _ / /�// SPRING STREET 01743 // / / REINOL PROPERTIES INC. WALTON ART INST. NO. 99-40428 / CENTER COUNCIL INST. NO. 99-40428 INST. NO. 99-40422 1 // 01746 I I INST. NO. 94-22052 I _ MEADOW STREET • DELOY LAND TRUST 1 1 L - I880 MAIER INST. NO. 97-22188 INST. NO. 99-45449 1 ,� 1 I I 01881 --1-r' BESOM WO1038-262 21 �-L�-- NORTH COLLEGE DEV. 01882 INST. NO.98-103957 BASSETT INST. NO. 94-52777 _ _ CAMPBELL INST. NO. 96-05475 o U1 01883 NORTH COLLEGE DEVELOPMENT LLC - - - .INST. NO.2000-19644 -. -.. - - -- - CENTER STREET ml 1m of IAZENBY WD 1268-551 --^ \'© WD 1268-552 c TOWN CREEK PROPERTIES INC. m LONG INST. NO. 95-51351 INST. NO. 99-105145 0 HAMPTON t MOUNTAIN STREET INST. NO. 93-02399 1 — I —I - ALLRED WD 1262-382 1 • 02022 02025 I WEST STREET CONSORTIUM LLC 02027 . -., INST. NO. 98-31046 FRISCO RAILROAD ,50 � DRUDING INST. NO.97-51133 1 02029 I I ® 1 1® 02023 _-.1—f—OSTNER/JENSEN INST.1 NO. 96-42518 o I CITY OF FAYETTEVILLE o I 1 I 02028 MARTIN WD 1250-889 INST. NO. 95-10238 02020 BECHAUD WD 1295-789 1. - . _ STATE OF ARKANSAS ROCK STREET 02092 McCLELANO/CRANE WD 1099-788 THURMOND/THURMOND INST. NO. 96-56407 02034 02035 THURMOND INST. NO.196-36996 fl - - _ _ _ __ _ _ 1..02031... I - 1 1 I 1 BELT INST. NO.99-78443 I JONES, TRUSTEE I WD 1031-736 JONES. TRUSTEE WD 1031-736 I FRISCO RAILROAD I I I I I I N. 0203 02035 \ -I- 1� - - J SOUTH STREET 05528 FHA CH D 1060-202 SCANLON - 12942 ` 05527 IS 1131. NO. 93-11306 WD.1068-758 O�` I ' 05529 RICHARD5 INST. NO. 98-104624 PETERS 12940 + NT ij WD 1102-062 1 05532 �KELLLEY WD 1311-772 \ © 05530 JOHNSTON 13�-I 05530 1- -I FRISCO RAILROAD � 1 " ROSEWICZ N. \ \\ 05528 INST. NO 4-01181 m m�•r m 1 C" Cflq 1_I N NROSEWICZ \ PRAIRIE STREE I' �1 v W z=g -I \ N. Z O 0 Z = a 21 ' 2 D O I- 1 W J w LU U- IL 0 z 0 Z C1 0 z O a a co z 0 W D C W U- 1 • I • tiu _ L s / SPRING�EE7 mr•3 REWDL PROPFJfI1ES NC.� WALTON ART NST.No 90.Mm CENTER COONCL i6-� �MTm I MST. 110. 9•.22052 dT.'C.99.Ma I t\ MEADOW STREET DEWY LAIm TROE} ' y alem MAER 1 I olm' *--�--- eEsaM wo tom.xm © aim -"1"+NONi11COLLEOE OEV. 9WT. No. SC-lmNT Cnn&s. MST. rio.9aaM3 01554 aims MRIETT NET. NO.94.Wi7 w _ _ LMIFER MD lC4M CENTER STREET — —�— LAZENEY I Wa I2ee-531 - p WO D60.552 ® z2 PETERSON MST.nav3 tm .ya ® LONG PC T. No. 95.51351 p HAMPTON _ 1 - - � MST. No. 93.02399 1 MOUNTAIN STREET 1 ama __ HLRED WO 1]mim C1 1 I WEET EIREET N9 COpRra✓1x (SC rE O • 1 D>mr 9WT.MO.9F31oM fPo5G0 RAlROW I AQ , _ oRNON6 PCT. Wd1,33 dACI ®I R1 O'1-.I--1—OSTnER/aNaN MST -1 No. 99-•x515 CITYMST. OF PM10236 E I I ___ MARTIN WO uso•a69 MST. NO. vs -10x55 f. � omm eEDHAw wD 135009 STATE OF ARKANSAS @ml 4 ROCK STREET ____ MCCLELAryo/GRAN Wa 1099 -Ill mOH TMIRMONO/TMIRMONO ET. NO. 9a-55.02 mms TMINMONO MST. ND.r 6.30996 � �I � awRErr MET. No. arJlmm ' JONES. '031-736TRUSTEEI I o W'031-736 /ONES. TRUSTEE WO 1031-30 fwx°Rfaaow I ; Ij#f1 / I 1 ' I SOUTH STREET mWI KOVACII '000.202 SCAMMN-._. 1>ax wa mooaoa 4y, msa HARRIS T. M. 93- 300 PETERS 1'LIa 1 y `� �TL Ro' WO )102.062' J Y—m�I LLEY WO 1311.772 fRRCO RAaR\ 1 ® ��JOWIETON 1 5.3 ROSEVI62 �.9:L Jr Q4p MST NOM,3522 p mat/awe cJffl - IRk !✓^ tc-rrr T Im_ c PRAIRIE STREET 8 3t5 F PJefl/e/E= Si _IF . FAYETTEV�LLE • THE CITY OF FAYETTEVILLE. ARKANSAS To: Mayor Fred Hanna and City Council From: Chuck Rutherford, Sidewalk and Trails Coordinator Date: June 21, 2000 Subject: Possible purchase of abandoned railroad property The City of Fayetteville has received an appraisal report of the abandoned railroad property west of West Ave. between Prairie St. and Mountain St. The appraised value of this 3.29 acres is $50,000.00. At the June 14, 2000 Sidewalk and Trails Advisory Committee Meeting, the appraisal was discussed. The recommendation from the committee was to forward the appraisal to the City Council to approve the purchase of the abandoned railroad property. The intent is to hopefully build a multi -use trail within the abandoned railroad right-of-way between Prairie St. and the Walton Arts Center parking lot. The name given to this project is the Center Prairie Trail. There are three sections at the north end of this abandoned railroad right-of-way that have previously been purchased. The section between Mountain St. and Center St. is currently owned by Town Creek Properties, Inc., which intends to donate a strip through their property for the trail. Enclosed is a letter from Thomas Bordeaux representing the Mill District LLC and Town Creek Properties supporting the trail and acknowledging the land donation. The section between Center St. and Meadow St. is owned by Denelle Campbell who is also in support of the trail. She is willing to sell a strip of land along the east of her property for the trail. The northern most section of this abandoned railroad property is a 17 foot wide strip between Meadow St. and Spring St. owned by Brian Reindl. At the present time Mr. Reindl is not interested in this 17 foot wide eastern portion of his property becoming a trail. I have enclosed two maps. One delineates railroad and private ownership. The other one shows Town Creek Properties, Inc., as the current owner of the section between Mountain St. and Center St. At the present time the City has an engineering agreement with Crafton, Tull & Associates which is a phased project concerning this trail. Phase I is for Boundary and Topographic Survey and Cross -sections. The boundary and topographic surveys have been completed. Phase II is for Engineering Design, Bid Documents and Construction Phase. The remainder of the project is on hold until a decision is made about the purchase of the abandoned railroad property. The engineering contract is being funded with Sidewalk and Trails CIP budget. This land purchase could be funded out of the same budget. However, this would expand the scope of this 113 WEST MOUNTAIN 72701 501-521-7700 FAX 501-575-8257 CIP project titled Sidewalk Improvements. The project description and justification are stated as follows: This project establishes a sidewalk improvement program that installs, replaces and renovates sidewalks in the City of Fayetteville. The City of Fayetteville maintains existing sidewalks and has a large inventory of sidewalks that need to be completed, repaired or replaced. Developers are responsible for building sidewalks for new subdivisions, large scale developments and residences. The revised project description and justification is as follows: Sidewalk and Trails Improvements - This project establishes a Sidewalk and Trails Improvements Project that installs, replaces and renovates sidewalks or trails in the City of Fayetteville. The sidewalks or trails improvements produced with this project are multi -use sidewalks or trails. The project can include land purchase, contracted services, labor, materials and equipment necessary to construct sidewalks or trails. City Council is requested to ratify the change in project description and to authorize negotiations be initiated to purchase the abandoned railroad property for use as a trail subject to City Council approval of any contract. Hopefully, this information brings all of you up to date on the progress of the Center Prairie Trail. If you have any questions please call me at 575-8291. JUN 14 '00 g7:49M MERIDIAN GROUP . P.2'3 MILL Chuck Rutherford City of Fayetteville Sidewalks & Trails VIA FACSIMILE June 12, 2000 Dear Chuck, As the Trails Committee considers the Prairie St. Bike Path, I write, on behalf of our group of investors, to convey our thoughts and hopes regarding this bike trail proposal between Dickson St. and 6`h St. As you know, our group is working on the re -development of the former Campbell Soup Feed Mill property on the comer of School Ave and 6`h St. in Fayetteville, from its current dilapidated industrial state, to a new office and residential complex. We are very excited about the prospect of a bike trail connecting our part of town to Dickson St. and the Walton Arts Center. We believe this trail will provide numerous benefits for our project, the Southside of Fayetteville, and the entire community. The Mill District LLC is working with you and the city to donate a portion of our property for the continuation of the trail to 6`h Street. Rob Sharp and I, through our company Town Creek Properties, have also purchased the property on Center St, known familiarly as "the Peterson Garage". We did this so that the trail could be continued through this property and remain viable. As you know, we are willing and excited to donate a needed portion of land from this property to the city for use as a bike trail. We believe a bike trail can benefit a community on many levels. Obviously, providing a scenic, well - maintained and logical trail system allows people to travel from point A to Point B in a healthy, relaxing, and environmentally friendly manner. It may help remove some autos from the street and it may reduce the need for additional parking along the way. Studies have also shown that a trail in your neighborhood will probably reduce crime and increase property values. These benefits will most likely be borne out once the trail is complete, but we are primarily interested in a trail for different reasons. I have been fortunate to visit many cities around the country that have developed extensive trail. systems. The trails I have seen, function to take people "off the beaten path" without taking them from an urban area. They introduce us to the nature hidden just around us. They show us a less homogenized, more interesting view of our built environment. They have added another, altogether enjoyable, level of community that is unavailable to us when we motor down the street enclosed in our car. Cities like Seattle, Austin, and Portland, OR have found that the trails have paid dividends that amply justify the initial investment, in their attraction of an educated work force, their scenic benefits to a community, and their enhancement of the values of the community that use them. In town after town those who are in vocal opposition to the proposed trail, become vocal proponents of the completed trail. I P.O. Box 3494 Fayetteville, Arkansas 72702 - JUN 14 '00 07:49AM MER PN GROUP P.3/3 We fully expect the tenants in our completed development to use the trail not because it will save gas or clean the air, but because they like it. It will be relaxing, fun and a dose of the extraordinary in what might be an otherwise ordinary day. It is our hope that the Trails Committee and the City Council will continue working toward the completion of this trail as one step in the construction of a great trail system. For our part, we will continue working with those along this section of trail to convince them that a trail system will benefit them not only materially, but spiritually. Sincerely, Mill District LLC Thomas Bourdeaux, Manager P. 0. Box 3494 Fayetteville, Arkansas 72702 0 STAFF REVIEW FORM AGENDA REQUEST _ CONTRACT REVIEW GRANT REVIEW For the Fayetteville City Council meeting of ' Cost f this Request 4'9o- 70- Account Number Au Project N er g Sl311 t% Category/Project Budget I44�&' Funds Used To Date $ 319.oVL Remaining Balance - REVIEW: _ Budgeted Item _ Budget Adjustment Attached CONTRACT/GRANT/LEASE REVIEW: a7 -DD Date Date STAFF Alt SPA I I�/ ADA Coordinator i?O9O Date 4-ZS� 11 Va C:\DATA\BLANKFOR\AGENDA.DLK Cross Reference New Item: Yes No Prev Ord/Res #: Orig Contract Date: Orig Contract Number: ate Date FAYETTEV" LEE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPOND To: Chuck Rutherford, Sidewalks/Trails From: Heather Woodruff, City Clerk Date: July 12, 2000 Attached is a copy of Resolution 94-00 approving the purchase of an abandoned railway right-of- way between Prairie Street and the Walton Arts Center parking lot. The original will be microfilmed and filed with the City Clerk. 0 0 RESOLUTION NO. gpp A RESOLUTION APPROVING THE PURCHASE OF AN ABANDONED RAILROAD RIGHT-OF-WAY IN THE AMOUNT $50,000 WITH THE INTENT TO BUILD A MULTI -USE TRAIL BETWEEN PRAIRIE STREET AND THE WALTON ART CENTER PARKING LOT. DE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council hereby approves the purchase of an abandoned railway right-of-way in the amount of$50,000 with the intent to build a multi -use trail between Prairie Street and the Walton Art Center parking lot. A copy of the apraisal report is attached hereto marked Exhibit "A" and made a part hereof. APPROVED this 5th day of Jul, 2000. APPROVED• By: Fr Hanna, Mayor