HomeMy WebLinkAbout95-17 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 95-17
File Number: 2017-0170
FAYETTEVILLE COMMERCE PARK, PETER O. KOHLER, LLC:
A RESOLUTION TO SELL ABOUT 14.9 ACRES OF LAND IN THE COMMERCE DISTRICT TO
PETER O. KOHLER, LLC FOR $223,500.00
WHEREAS, Peter O. Kohler, LLC has offered to purchase approximately 14.9 acres in the Commerce
District and plans to build a 10,000 square foot building to be used by OurPharma, LLC for generic drug
compounding and manufacturing; and
WHEREAS, the proposed project would lead to the hiring of workers with average wages above the state
and national averages, contribute to diversifying and increasing skill sets of our workforce pool, create a
positive economic impact to the City, including estimated capital investments of $3,000,000.00 and meets
the Fayetteville First target sectors of Specialized Technologies and strategic focuses on workforce,
entrepreneurship, and innovation, and the project is supported by the Fayetteville Chamber of Commerce.
WHEREAS, the City is selling this 14.9-acre parcel at a discount of about $5,000.00 per acre from its
normal selling price but the contract with Peter O. Kohler, LLC includes a clawback provision that
could allow the City to be paid back a portion of the discounted price in the event the property is sold within
ten years.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the Land Sale
Agreement (attached to this Resolution and made a part hereof) for the sale of about 14.9 acres to Peter
O. Kohler, LLC for $223,500.00 and authorizes Mayor Jordan to sign the Land Sale Agreement,
Warranty Deed and any other documents necessary to convey this 14.9 acre parcel.
Page 1 Printed on 4119117
Resolution: 95-17
File Number.' 2017-0170
PASSED and APPROVED on 4/18/2017
,'01111111111111rr
• �Y
=�; FAYETTEVILLE ;
Attest:
co•�
. •cr . •
.,rr JN1'Cd •
Sondra E. Smith, City Clerk Treasurer
Page 2 Printed on 4119117
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Text File
File Number: 2017-0170
Agenda Date: 4/18/2017 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: C. 2
FAYETTEVILLE COMMERCE PARK, PETER O. KOHLER, LLC:
A RESOLUTION TO SELL ABOUT 14.9 ACRES OF LAND IN THE COMMERCE DISTRICT TO
PETER O. KOHLER, LLC FOR $223,500.00
WHEREAS, Peter O. Kohler, LLC has offered to purchase approximately 14.9 acres in the Commerce
District and plans to build a 10,000 square foot building to be used by OurPharma, LLC for generic drug
compounding and manufacturing; and
WHEREAS, the proposed
project would
lead to the hiring of workers with
average wages above the
state and national averages,
contribute to
diversifying and increasing skill sets
of our workforce pool,
create a positive economic
impact to the
City, including estimated capital investments
of $3,000,000.00
and meets the Fayetteville
First target
sectors of Specialized Technologies
and strategic focuses on
workforce, entrepreneurship,
and innovation, and the project is supported by
the Fayetteville Chamber
of Commerce.
WHEREAS, the City is selling this 14.9 acre parcel at a discount of about $5,000.00 per acre from its
normal selling price but the contract with Peter O. Kohler, LLC includes a clawback provision that
could allow the City to be paid back a portion of the discounted price in the event the property is sold
within ten years.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the Land Sale
Agreement (attached to this Resolution and made a part hereof) for the sale of about 14.9 acres to Peter
O. Kohler, LLC for $223,500.00 and authorizes Mayor Jordan to sign the Land Sale Agreement,
Warranty Deed and any other documents necessary to convey this 14.9 acre parcel.
City of Fayetteville, Arkansas Page 1 Printed on 411912017
Jeremy Pate
Submitted By
City of Fayetteville Staff Review Form
27-7
Legistar File I
4/18/2017
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
3/17/2017 City Planning /
Development Services Department
Submitted Date Division / Department
Action Recommendation:
Approval of a resolution to sell approximately 14.9 acres of land (parcel 765-16574-000) in the Fayetteville
Commerce Park on S. City Lake Road to Peter O. Kohler, LLC for $223,500 and other valuable consideration
Budget Impact:
Account Number
Fund
Project Number Project Title
Budgeted Item? NA Current Budget $
Funds Obligated $ -
Current Balance
Does item have a cost? No Item Cost
Budget Adjustment Attached? NA Budget Adjustment
Remaining Budget
V20140710
Previous Ordinance or Resolution # 143-13
Original Contract Number:
Comments:
Approval Date:
CITY OF
VT ay ie
ARKANSA5
MEETING OF APRIL 18, 2017
TO: Mayor and City Council
THRU: Don Marr, Chief of Staff
CITY COUNCIL AGENDA MEMO
FROM: Jeremy Pate, Development Services Director
DATE: March 17, 2017
SUBJECT: Sale of 14.9 acres of land in the Commerce District to Peter O. Kohler, LLC
RECOMMENDATION:
City Staff recommends approval of a contract with Peter O. Kohler, LLC for the sale of
approximately 14.9 acres of land owned by the City of Fayetteville on S. City Lake Road in the
Fayetteville Commerce Park, for a purchase price of $223,500.
BACKGROUND:
The subject parcel, 765-16574-000, contains 14.9 acres and is located on S. City Lake Road,
south of the US Postal Service facility and city trail. The City was recently approached by Dr.
Kohler to purchase this property. Dr. Kohler is the CEO of OurPharma, LLC, and intends to
develop a generic drug manufacturing facility in Northwest Arkansas. The company's objective
is to produce medical products at a reduced price, and conduct research in collaboration with
the Department of Biomedical Engineering at the University of Arkansas.
The development plan is to construct an initial building of approximately 10,000 square feet with
plans to double the space over the next 5 years. An architectural firm and contractor has been
retained to begin design of the facility, -which will be owned by Peter O. Kohler, LLC and leased
back to OurPharma, LLC to operate the company. Once the facility is operational, the company
will staff 10-12 employees with expansion plans to grow to more than 100 employees over a
five-year period. The average pay is estimated to be in excess of $50,000 per year. In addition,
certain medical and administration staff is estimated to make in excess of $100,000 per year. An
estimated $3 million in capital investment is expected for design, construction, land and
equipment.
DISCUSSION:
The attached land sale agreement has been reached through negotiations between the City and
Dr. Kohler, representing the entity purchasing the property. The proposal is to sell the property
for approximately $15,000 per acre, at a total price of $223,500. This price represents a reduced
rate from the currently advertised $20,000 per acre of land in the Commerce District, but reflects
the purchase price that the City Council approved for the same parcel in 2013 to Pacific Vet
Group when that company was looking to locate on the property. The Mayor's office is excited
to welcome a clean, high tech manufacturing facility to Fayetteville, meeting the goals of our
Fayetteville First economic development plan, particularly in the Specialized Technologies
Mailing Address:
113 W. Mountain Street www.fayetteviile-ar.gov
Fayetteville, AR 72701
sector offering competitive wages. The staff believes a development of this type on the property
will increase property value, contribute to our tax base and overall have a positive economic
impact for Fayetteville as the Commerce District continues to develop over time.
City Code §34.27 establishes requirements regarding public notice and procedure for the sale of
real property owned by the City of Fayetteville. City Staff has performed all necessary public
notification procedures in compliance with this city ordinance (documentation attached).
Additionally, the City Council must establish that this land is no longer needed for municipal
purposes. As a purpose of the Commerce District is to encourage economic development that
generates revenue for the City by providing new and expanded services, and finding that there
is no identified use for the subject property for municipal purposes, this land is no longer needed
for municipal purposes.
BUDGET/STAFF IMPACT:
$223,500 in sale revenue will be paid to the fund that maintains ownership of the land.
Attachments:
• Land Sale Agreement
• Chamber of Commerce (as Economic Development contractor) Letter
• Proof of Public Notice (sign, letter, and newspaper notice)
• Location Map(s)
LAND SALE AGREEMENT
This Land Sale Agreement is made and entered into by and between the City of Fayetteville,
Arkansas, a municipal corporation of the State of Arkansas (hereinafter "City" or "Fayetteville")
and Peter O. Kohler, LLC.
The City of Fayetteville agrees to sell a parcel of about 14.9 acres in the Fayetteville Commerce
District to Peter 0. Kohler, LLC for TWO HUNDRED TWENTY THREE THOUSAND FIVE
HUNDRED DOLLARS ($223,500.00) and Peter 0. Kohler, LLC's performance of all of the
terms, conditions and promises set forth later in this Agreement.
Peter 0. Kohler, LLC agrees to pay to the City of Fayetteville TWO HUNDRED TWENTY-
THREE THOUSAND FIVE HUNDRED DOLLARS ($223,500.00) for this 14.9 acre parcel and
to perform all of the terms, conditions and promises set forth later in this Agreement.
TERMS AND COND1T10N5
Sale
Subject to existing easements and rights of way and subject to the terms and conditions, mutual
promises and covenants of this Agreement, the City of Fayetteville agrees to sell a parcel of about
14.9 acres (hereinafter the "Development Site") located in the Fayetteville Commerce District by
warranty deed to Peter 0. Kohler, LLC for the amount of TWO HUNDRED TWENTY-THREE
THOUSAND FIVE HUNDRED DOLLARS ($223,500.00). This Development Site, which
contains about 14.9 acres, shall be as shown on the plat attached at Exhibit A and as more
particularly described below:
Lot Numbered Ten (10), Fayetteville Industrial Park West, Fayetteville, Arkansas,
as per plat on file in the office of the Circuit Clerk and Ex-Officio Recorder of
Washington County, Arkansas, containing 14.90 acres, more or less.
2. Purchase
Subject to the terms and conditions, mutual promises and covenants of this Agreement, Peter 0.
Kohler, LLC agrees to buy the Development Site for, TWO HUNDRED TWENTY-THREE
THOUSAND FIVE HUNDRED DOLLARS ($223,500.00) to be paid to the City of Fayetteville
on or before the Closing Date as follows:
A. Earnest money deposit: An earnest money deposit in the amount of THREE
THOUSAND FIVE -HUNDRED DOLLARS ($3,500.00) shall be paid by Peter 0. Kohler,
LLC to the City of Fayetteville at the time this Agreement, signed by Peter 0. Kohler, LLC,
is submitted to the City for approval. If the purchase and sale is consummated, this earnest
money deposit shall be applied to the purchase price at closing. If the City exercises its
option to terminate the Agreement pursuant to paragraph 8, this earnest money deposit
shall be refunded in full. if the transaction is not consummated for any other reason, the
earnest money deposit shall be refunded less the City's costs of obtaining the owner's title
Page 1 of 5
policy and title commitment.
B. Balance: The remaining balance of the purchase price in the amount of TWO
HUNDRED TWENTY THOUSAND ($220,000.00) shall be paid to the City of
Fayetteville on or before the Closing Date.
3. Closing Date and Place
Closing shall occur within 60 days following the date this Agreement has been executed by both
parties unless extended by mutual agreement of the parties in writing. The Closing shall occur at
113 West Mountain Street, Fayetteville, Arkansas in a room supplied by the City of Fayetteville.
4. Date of Possession
Possession of the Development Site shall -be delivered to Peter 0. Kohler, LLC on the Closing date
free of any tenancies or other third party possessory rights.
Title Insurance
The City of Fayetteville shall order a title commitment on the Development Site, as soon as
practicable following the full execution of this Agreement, through a title insurance company
selected by the City and -acceptable to Peter 0. Kohler, LLC. If the report on title, binder or
commitment discloses any defects in title (other than liens or encumbrances of a definite or
ascertainable amount which may be paid at closing), the City shall have thirty (30) days from the
date of Peter 0. Kohler, LLC's notice of such defects to make a good faith effort to cure such
defects and to furnish a report showing the defects cured or removed. If such defects are not cured
within thirty (30) days, Peter 0. Kohler, LLC may terminate this agreement or may, at its election,
take title subject to any such defects. The cost of the title commitment and the cost of the owner's
title policy shall be borne by the City of Fayetteville. The cost of any lender's title policy and
extended owner's title insurance coverage shall be borne by Peter 0. Kohler, LLC.
Deed and Other Documents
On the Closing date, the City of Fayetteville shall convey marketable and insurable title to the
premises by general warranty deed, free and clear of all liens, restrictions, and encumbrances
except as provided in this Agreement, subject only to current real estate taxes, if any (to be
apportioned between the parties) and existing easements. Peter 0. Kohler, LLC and the City of
Fayetteville shall equally share the cost a reasonable closing fee imposed by the closing agent
employed by parties provided however that Peter 0. Kohler, LLC shall be responsible for any
revenue stamps resulting from this transaction and all recordings fees for the deed and other
documents that need to be filed.
Risk of Loss
Risk of loss as to the Development Site shall remain with the City of Fayetteville until the Closing
date.
Page 2 of 5
8. Peter O. Kohler, LLC's Due Diligence
Peter O. Kohler, LLC has received and reviewed the geotechnical feasibility study of the
Development Site that was completed in 2014 and acknowledges that certain portions of the
Development Site may not be suitable for the type of development proposed by Peter O. Kohler,
LLC. Peter O. Kohler, LLC may enter upon the Development Site to conduct any additional
surveying, testing or inspection it deems necessary to ensure the Development Site will be
appropriate for the construction and use for its facility. If Peter O. Kohler, LLC discovers any
problems that would adversely impact its development and use of the Development Site for its
facility, Peter O. Kohler, LLC shall notify the City which is granted sixty (60) days to remediate
any problem. The City may also terminate this Agreement without penalty rather than remediating
any problem or issue discovered by Peter O. Kohler, LLC. Likewise, if the City does not remediate
the problem, Peter O. Kohler, LLC may terminate this Agreement without penalty, being entitled
to a return of its earnest money, or proceed under this Agreement to accept the property without
resolution of the problem. -
9. Large Scale Development Approval
Peter O. Kohler, LLC shall, at its sole cost and expense, prepare a Large Scale Development plat
of the Development Site and obtain any and all approvals necessary for Peter O. Kohler, LLC's
intended use of the Development- Site for its facility. The City shall reasonably cooperate with
Peter O. Kohler,-LLC in Peter O. Kohler, LLC`s request for development approval of its facility.
Peter O. Kohler, LLC must present its development proposal through the normal City process and
follow the Unified Development Code requirements. Peter O. Kohler, LLC may defer Closing
hereunder during such time as its Development plat and approvals are pending review by the City,
and if such are not approved, Peter O. Kohler, LLC may terminate this Agreement without penalty,
being entitled to a return of its earnest money, or proceed under this Agreement to accept the
property without development plans approved by the City.
10. Compensation to City of Fayetteville if Development Site is Sold Within 10 Years
If any portion of the land conveyed by this contract is sold by Peter O. Kohler, LLC within the
first five years of the date of closing, an indeperident appraisal of the land's value shall be
performed to segregate the actual sales price between that allocable to the raw land as acquired
by Peter O. Kohler, LLC, and that allocable to the improvements subsequently added by Peter O.
Kohler. Peter O. Kohler, LLC shall pay 75% of the increase in appraised value of the raw land
(with prorated sales cost deducted) to the City of Fayetteville. Peter O. Kohler, LLC shall pay the
City of Fayetteville 40% of the increase in appraised value of the land (with prorated sales costs
deducted) for any sales after 5 years until 10 years from the closing date.
11. , Notices
Notices required by this Agreement shall be in writing and shall be delivered to:.
Peter O. Kohler, LLC
ATTN: Peter O. Kohler, MD, CEO
Page 3 of 5
3657 E. Leawood Way
Fayetteville, AR 72703
City of Fayetteville
ATTN: Mayor's Office
113 W. Mountain Street
Fayetteville, AR 72701 72701-6083
12. Authority
Each of the undersigned individuals represent and warrant that they are authorized to enter into
this Agreement on behalf of their respective entities and that execution hereof will bind the entities
to this Agreement.
13. Counterparts
This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one and the same agreement.
14. Facsimile
For purposes of executing this Agreement, a facsimile signature shall be as effective an as actual
signature. ,
15. Applicable Law
This Agreement shall be construed and enforced in accordance with the laws and public policies
of the State of Arkansas.
16. Survival
The representations, warratities, and agreements of the parties contained herein shall survive the
closing date.
17. No Waivers
The waiver by -either party . hereto of any condition or the breach of any term, covenant or
conditions herein contained shall not be- deemed to be a waiver of any other condition or of any
subsequent breach of the same or of any other term, covenant or condition herein contained.
18. Time of Essence
Time is of the essence in this Agreement.
Page 4 of 5
19. Invalidity
If for any reason any term or provision of this Agreement shall be declared void and unenforceable
by any court of law or equity, it shall only affect such particular term or provision of this
Agreement and the balance of this Agreement shall remain in full force and effect and shall be
binding upon the parties hereto.
20. Complete Agreement
All understandings and agreements heretofore existing between the parties are merged into this
Agreement that alone fully and completely expresses their agreement. This Agreement may be
changed only in writing signed by both of the parties hereto and shall apply to and bind the
successors and assigns of each of the parties hereto and shall not merge with the deed delivered to
Peter O. Kohler, LLC at closing.
Date:
PETER O. KOHLER, LLC
By:
PETER O. KOHLER, MD
Chief Executive Officer
WITNESS:
B 9'4�
y' -
Date: I�1
CITY OF FAYCT4�KVILLE,
, Mayor
ATTEST:
By: la'., S.
Sondra E. Smith, City Clerk
Page 5 of 5
"+ Streams Lot 10
Lot 90 Contours 2' Parcel Boundary w E
Industrial Park West Contours 10' Flood Cartographic 100Year s
ROW
1 inch = 300 feet
Cnrnm �sl PnIL G.GIS211`, P,, 120I J!"d IIIi Pa A 11. 10 So toiit-tk 10 Inl-WJ PJ,k Vlcvl-ma02 mxa
To: Fayetteville City Council
From: Peter 0. Kohler, MD, CEO OurPharma LLC
Re: Land Parcel 765-16574-000, 14.9 acres on Morningside Drive
3/6/17
We are developing a generic drug compounding and manufacturing company which we hope to be
located in the Fayetteville Commerce District. We believe there is a need for generic medications that
are affordable to underprivileged groups such as the Marshallese, who carry a heavy burden of chronic
diseases, particularly diabetes. OurPharma LLC anticipates being profitable in order to grow, but also
will attempt to enter the market in order to both provide needed medications, but also to lower the cost
where possible. We will have research in collaboration with the Department of Biomedical Engineering
at the U. of A.
Our plan is to build an initial building of approximately 10,000 sq.ft. with space to expand with at least a
doubling of space over the next 5 years. We plan to use an -experienced contractorto build a modular
self-contained area for drug compounding. This activity requires absolutely clean filtered air, and both
temperature and humidity control in orderto pass FDA inspections. We are currently working with an
architectural firm and a contractor with offices in Fayetteville and/or Springdale.- The building and
property will be owned by Peter 0. Kohler LLC, an affiliated entity, and leased back to Ourpharma LLC
for the generic drug operation.
We will need docks for truck access and adequate parking for employees. We anticipate beginning with
10-12 employees initially with an expansion to more than 100 over five years as our plan unfolds. The
average pay of these workers should be in excess of $50,000.00 per year.
Peter 0. Kohler LLC will offer $223,500.00 for the above parcel with a deposit of $3500.00 earnest
money. We believe that this is the type of manufacturing activity that will be good for Fayetteville and
Northwest Arkansas. We are eager to proceed as expeditiously as possible. This offer is contingent on
making sure the property is suitable for building an FDA -approved facility. We need to make sure that
there are no unexpected toxic materials or other factors that would make the site unsuitable for the
building. We would make this subject to an appraisal at our expense for a minimum of the amount of
this offer. In the unlikely event that the property does not meet the requirements, the earnest money
should be returned.
Fayetteville
Chamber of Commerce
To: Mayor Lioneld Jordan
City of Fayetteville
CC: Don Marr, Chief of Staff
Jeremy Pate, Director of Developmej rvice r/
From: Steve Clark, CEO & President
Date: March 16, 2017
Subject: Recommendation to approve the sale of city -owned land, Parcel # 765-16574-000
to OurPharma, LLC
OurPharma, LLC is a new business set up in Fayetteville and is led by Dr. Pete Kohler and his
team. OurPharma, LLC is interested to start a generic drug manufacturing facility in Northwest
Arkansas. Its objective is to produce medical products at a reduced price compared to those
currently in the market.
OurPharma, LLC has looked at several sites in different cities. The Fayetteville Chamber
showed the business some city -owned sites and set up appointments for them with Arkansas
Economic Development Commission to talk about state incentives. With the support of the
Fayetteville Chamber and Jeremy Pate, Director of Development Services with the city,
OurPharma, LLC has now offered to buy the 14.9 acres of land in the Fayetteville Commerce
District, Parcel # 765-16574-000-on City Lake Road. Attached is the letter of offer from
OurPharma, LLC.
OurPharma, LLC has already engaged an architect firm as well as a construction firm to start
construction as soon as the purchase of the land is finalized and the design plan approved by the
city's development services division. OurPharma has early financing in place and is ready to
start building the facility. It will start with a minimum of 10,000 SF building equipped with
office, manufacturing, amenities, and warehousing space. It plans to grow its campus by adding
more space as it expands.
21 W. Mountain, Ste. 300, PO Box 4216, Fayetteville, AR 72702
Tel: (479) 521-1710; Fax: (479) 521-1791; www.fayettevillear.com
Ouftarma/Page 2
The company currently has a staff of four (4) personnel and it expects this number to grow to 10-
12 staff when the facility is operational. Annual payroll is estimated to start at about $1 million a
year and it is expected to grow rapidly. Initially, they plan to hire 3-4 pharmacists whose salaries
average $120,000 - $140,000 a year according to market and a Chief Operations Officer whose
market salaries run about $200,000 a year. The operations workers will be hired at more than
$30,000 a year. Additionally, an estimated capital investments of $3 million will be spent on
design and construction, land, and equipment.
We strongly recommend that the City leadership supports this project by approving the sale of
the land and fast tracking the permitting process for-OurPharma, LLC.
This project:
1) Meets the City's and State's goal of creating new jobs for Fayetteville and so the state of
Arkansas
2) Exceeds the City's and State's goal of having new/expansion projects with new average
annual wages above the state's ($38,540) and national's ($48,000). The average annual
wages resulting from this project exceeds $60,000.
3) Contributes to diversifying and increasing skill sets of our workforce pool
4) Create a positive economic impact to Fayetteville
5) Meets the Fayetteville First's target sectorsSpecialized Technologies and strategic
focuses on workforce, entrepreneurship, and innovation.
CERTIFICATE OF SIGN POSTING
1, Andrew Harrison,
attest that the above sign was posted on March 21, 2017 adjacent to
Pump Station Rd...
City File No./Name: ADM 17-5767
]1e
Zay m5I
March 17, 2017
Name
Street Address
City, State Zip code
Re: Public Notice — Sale of municipally owned real property
Dear Property Owner:
THE CITY OF FAYETTEVILLE, ARKANSAS
CITY PLANNING DIVISION
125 West Mauntain
Fayetteville, AR 72701
Phone (479) 444-3443
Please be aware that the Fayetteville City Council will consider a Resolution and Contract to sell to Peter O.
Kohler, LLC about 14.9 acres (parcel 765-16570-000) it owns on S. City Lake Road for $223,500. The property
currently contains no structures and is leased for agricultural purposes. It is zoned R-A, Residential
Agricultural, 1-1, Light Industrial/Heavy Commercial and 1-2, General Industrial. Should the sale be approved,
planned improvements include the development of a generic drug manufacturing facility.
This possible sale will be considered by the City Council -during its 5:30 p.m. meeting held on April 18, 2017 in
Room 219 of City Hall, located 113-W. Mountain Street.
If you wish to learn more about this proposed sale, please contact Don Marr, Chief of Staff for the City of
Fayetteville at 479-575-8330. You may also attend the April 18, 2017 City Council meeting and ask questions
or make comments when this resolution is presented for City Council consideration.
Sincerely,
Jeremy C. Pate
Development Services Director
City of Fayetteville, Arkansas
Telece,mr€7iFNicatiorts Device for [fie Beef "T[3U (479) 521-1316 113 West Mountain -Fayetteville, ayetteville, AR 72701
CERTIFICATE OF MAILING
1 hereby certify that a true and correct copy of the attached written notice was placed in
the U.S. mail, first-class, postage prepaid this 20th day of March, 2017, and addressed
as follows. -
Name., UNITED STATES POSTAL SERVICE
225 N HUMPHREYS BLVD
MEMPHIS, TN 38166 -
Name: THOMAS LUTHER JR
1418 S SCHOOL ST
FAYETTEVILLE, AR 72701
Name; Don & Gary Osburn
2495 S CITY LAKE RD
FAYETTEVILLE, AR 72701-
Name:
SANDRA J REYNOLDS
REVOCABLE TRUST
PO BOX 1625
FAYETTEVILLE, AR
72702
Name:
MCKEE ELIZABETH CHADBOURN
2351 S CITY LAKE
RD
FAYETTEVILLE, AR
72701
Name;
C QUAD DEVELOPMENT
LLC
P 0 BOX 3153
FAYETTEVILLE, AR
72702
Name: WLH LLC
P 0 BOX 808
FAYETTEVILLE, AR 72702
Andrew Harrison
City File No. /Name: 17-5767 ADM (City Owned Property Sale)
NORTHWEST AmASAS
Democrat axette
pp. PRF
...
i'_ 1dli..' ..:12.1:7Q2 r:r-$4 7..'t.p:G`14-G?r-':'aE' `r;i;': _,,:
AFFIDAVIT OF PUBLICATION
I Karen Caler, do solemnly swear that I am the Legal Clerk of the
Northwest Arkansas Democrat -Gazette, printed and published in
Washington County and Benton County, Arkansas, and of bona fide
circulation, that from my own personal knowledge and reference
to the files of said publication, the advertisement of:
CITY OF FAYETTEVILLE
City Council Meeting
Was inserted in the Regular Edition on:
March 24, 2017
Publication Charges: $ 54.60
Kar - n Caler
Subscribed and sworn to before me
This �o day of PaA-, 2017.
W
Notary Public
My Commission Expires: AbDk'44
I!13faiur' i't;;iil ;r..tl?, i;(` 1.:9711& F;
*NOTE**
Please 20, 2u;24
Please do not pay frbm Affidavit.
Invoice will be sent.
NOTICE OF PUBLIC HEARING
A meeting of the City of Fayetteville City
Council will be held on April 18, 2017 at
5:30 p.m, in room 219, Fayetteville
Adminislmtion Building at 113 W
Mountain Street, Fayetteville, Arkansas,
72701. For further information or to request
an interpreter, please call 575-8330. The
following item is required to be published
in the local newspaper pursuant to the Code
of Ordinances of the City of Fayellevil le
and will be heard at the April 18, 2017
Fayctcvillu City Council meeting,
ADM 17-5767: SALE OF MUNICIPALLY
OWNED REAL PROPERTY, 642):
Submitted by CITY STAFF for property
located SOUTH OF 2300 CITY LAKE RD.
The Fayetteville City Council is considering
the sale ofabout 149 acres it owns SOUTH
OF 2300 CITY LAKE RD. to Peter 0.
Koller, LLC for $223,500.00, The
proposed use of the property is for a generic
drug manufacturing facility This possible
sale will be considered by the City Council
during its April 18, 2017 meeting at 113 W.
Mountain Streel, Room 219.
74071654 March 24, 2017
Screams Lot 10
Lot 10 Contours2' Parcel Boundary vv+E
Industrial Park West Contours 10' Flood Cartographic 100Year S
ROW
1 inch = 300 feet
[) t IBall Pd1h G.IGI SI1P,-,W2013lhd1, I P,,K LA 10 Sa I, ILM 10 - Indvf[ mI Pert Wes(--pZ,m d
ADM 17-5767 CITY OWNED PROPERTY SALE A&
Current Land Use NORTH
=, r ; USPS Distribution Center
Subject Property "
r t
`* t fi a
c.
QADM 17-5767 FEND Flood Hazard Data
•�^r«-• Streams
Streel
MINORARTERIAL i 100-yearFlggtiplin
• . Shared Use Paved Trail Feet Fklodway
®IIII Trail (Proposed)
0 County Parcels 0 75 150 300 450 600
L Planning Area 1 inch = 200 feet
1,11 Fayetteville City Limits
ADM 17-5767
Close Up View
}
U
as F-a
Legend
CITY OWNED PROPERTY SALE
4
' Planning Area
' Fayetteville City Limits
Shared Use Paved Trail
Trail (Proposed)
Building Footprint
Feet
0 75 150 300 450 600
1 inch = 200 feet
A&
NORTH
Residential-Agricu l lu rat
RSF-4
1-1 Heavy Commercial and Light. Industrial
1-2 General Industrial
n
ADM 17-5767
One Mile View
CITY OWNED PROPERTY SALE
0 0.125 0.25 0 5 Miles
NORTH
I
I
f
r
Zoning EXTRACTION
. -
RESIDENTIAL SING LE -FAMILY ME.,
Legend
_.
9 CO='I.A.L"_
Planning Area
FO RM,BA.F. DISTRICTS
L�on�,mm�n cae
Fayetteville City Limits
4
RESIDENTIAL MULTI -FAMILY
M RT,P R seenlal T�.aana Thl-iamiN �U. n 1al
...... Shared Use Paved Trail
Comm „se P5
a
Ne
Trail (Proposed)
---
RMFm vsnnwenzoHuraarmrtta
PlanningArea "'- -
NOUSTRIAL `" P1ia n so-iaiaeseemi
Building Footprint
Fayetteville Cily Limits
INSTITUTIONAL
U LiB�I InOuslral
z
- _
�e ,allno l' l
Parcel No. 765-16574-000
RECEIVED
QQ4, 95-17
v
WARRANTY DEED
BE IT KNOWN BY THESE PRESENTS:
SEP 2 7 2017
CITY OF FAYETTEVILLE
CITY CLERK'S OFFICE
THAT the City of Fayetteville, Arkansas, a municipal corporation,
hereinafter called GRANTOR, for and in consideration of the sum of Two Hundred
Twenty -Three Thousand Five Hundred Dollars ($223,500.00), the receipt of which
is hereby acknowledged, does hereby grant, bargain,. sell and convey, unto Peter
1�0. Kohler, LLC, hereinafter called GRANTEE, and unto Grantee's successors and
assigns, the following described land situated in thel County of Washington, State
of Arkansas, to -wit:
II IIIII I��I UI Ilul �II IIIII I�� �II I II91 IIIII IIIII IIIII III IIIII IIII UO
Doc ID: 017656360002 Type: REL
Kind: WARRANTY DEED
Recorded: 09/26/2017 at 10:49:62 AM
Fee Amt: $20.00 Pape 1 of 2
Washington County, AR
Kyle Sylvester Circuit Clerk
File201 /—0002VT22
Lot Ten (10), Final Plat of Fayetteville Industrial Park West, Fayetteville, Arkansas, as per plat recorded in
plat record book 10 at page 17 on file in the office of the Circuit Clerk and Ex-Officio Recorder of Washington
County, Arkansas, containing 14.90 acres, more or less. Subject to easements and rights -of -way of record.
TO HAVE AND TO HOLD the said lands and appurtenances hereunto belonging unto the said Grantee and
Grantee's successors and assigns, forever. And the said Grantor hereby covenants that it is lawfully seized of said lands
and premises; that the same is unencumbered, and that the Grantor will forever warrant and defend the title to the said
lands against all legal claims whatever.
WITNESS the execution hereof on this the day of 2017
ATTEST:
"1001RF
Sondra Smith, .-T1@49
=a� .`-)3
Z!Z EVIL '
INGT
11111111
STATE OF ARKANSAS
COUNTY OF WASHINGTON
SS.
CITY OF FAYETTEVILLE. ARKANSAS
ACKNOWLEDGMENT
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 Lioneld Jordan and Sondra Smith, to me well known as
the persons who executed the foregoing document, and who stated and acknowledged that they are the Mayor and
City Clerk -Treasurer, respectively, of the City of Fayetteville, Arkansas, a Municipal Corporation, and are duly
authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said
City of Fayetteville, Arkansas, and further stated and acknowledged that they had so signed, executed and delivered
said instrument for the consideration, uses and purposes therein mentioned and set forth.
WITNESS my hand and seal on this day of ) l�'�-2017.
MY COMMISSION E KPIRNNFIELD S BRONSON JR
NOTARY PUBLIC Notary Public
COUNTY-ARKANSAS
COMMISSION # 12387836
EXPIRES: APRIL 10, 2922
4,.MAkil
STATE OF ARKANSAS
DEPARTMENT OF FINANCE AND ADMINISTRATION
MISCELLANEOUS TAX SECTION
P.O. BOX 896, LITTLE ROCK, AR 72203-0896
Grantee:
Mailing Address:
Grantor:
Mailing Address:
Property Purchase Price:
Tax Amount:
County:
Date Issued:
Affidavit ID:
Affidavit of Compliance
PETER O. KOHLER, LLC
3657 E. LEAWOOD WAY
FAYETTEVILLE AR 727030000
CITY OF FAYETTEVILLE
113 W. MOUNTAIN ST.
FAYETTEVILLE AR 727010,000
$223, 500.00
$0.00
WASHINGTON
09/25/2017
316231680
File Number. 22855-17
The grantee/grantor claims the following exemption to the Real Estate Transfer Tax:
A transfer to or from the United States, the State of Arkansas, or any of the instrumentalities, agencies, or political
subdivisions of the United States or the State of Arkansas.
I certify under penalty of false swearing that documentary stamps or a documentary symbol in the legally correct
amount has been placed on this instrument
Grantee or Agent Name
Grantee or Agent Name (signature):
Address:
City/State/Zip: t4C,-�57-q
Date: q�a
Angela Wood
Collector
280 N. College - Suite 202
Fayetteville, AR 72701
(479) 444-1526
2016 Tax Receipt 60049
Washington County, Arkansas
PAID RECEIPT
CITY OF FAYETTEVILLE ARKANSAS
113 W MOUNTAIN ST
FAYETTEVILLE AR 72701-6083
Page 1
ORIGINAL
09/28/201710:46 am
Posted
09/26/2017 10:40 am
TAX ID 24333
Check or Credit Card payment not honored on presentation
to our Bank will render this receipt NULL and VOID.
Payment Received 09/2612017
Received by MLC
In Office CK Paid by: bronson abstract company
Parcel Number Year Owner and Legal Description Valuation Millage Amt Due Amt Paid
765-16574-000 2016 CITY OF FAYETTEVILLE
Block 010 FAYETTEVILLE IND.PARK WEST 27-16-30 14.9 Acres
TRACT 10 14.90 A.
011 Real Estate 985 67.45 $56.59
Payment Received $56.59
Total Payment Applied $56.59
Distrilbutinn of Tay Dollars
County Library
$0.00
County Road (Split)
$0.22
Fayetteville School
$44.97
Fayetteville City General
$2.27
Fayetteville City Police Pen
$0.39
Fayetteville City Fire Pension
$0.39
Fayetteville City Road
$0.87
Fayetteville City Library
$3.64
Total Tax
$56.59
Check $56.59
Cash $0.00
Total $56.59
Ck #/Auth 25090
Total Parcels Paid 1
Account Balancer $ 71;003:06
Q OMII No. 2502-0265
RFC[N E0
su21W7
gTy CLERKS OFFICE
MAL
A. SETTLEMENT STATEMENT (HUD-1)
C. NOTE: This fbmt is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent am shown. Items
marked :(p^c.)° were paid outside the closing; they am shown hero for Intbnnational purposes and ere not included in the totals.
D. NAME & ADDRESS
Peter O. Kohler, LLC
OF BORROWER:
3657 E. Leawood Way Fayett9ville, AR 72703
E. NAME & ADDRESS
City of Fayetteville
OF SELLER:
113 West Mountain St., Fayetteville, AR 72701
F. NAME & ADDRESS
Cash
OF LENDER:
G. PROPERTY LOCATION:
Industrial Park West, Fayetteville, AR 72701
H. SETTLEMENT AGENT: Bronson Abstract Company, Inc.
PLACE OF SETTLEMENT: 3810 Front Sttset Suite 5, Fayetteville, AR n703 (479) 442-2700
i.. SETTLEMENT DATE: 925nO17 DISBURSEMENT DATE: 912k2017
J. Summn of Borrower's Trnnaaetion K. Summary of Seller's Transaetion
100. Gross Amount Due From Borrower:
400. Gross Amount Due To Seller:
101. Contract sates price
223 500.0
401. Contract sales price
223 500.00
102. Personal property
402. Personal
103. Settlement charges to borrower Qinc 1400)
525:00
403.
104.
404.
105.
405.
Adjustments For Items Paid By Seller In Advance:
Adjustments For Items Paid By Seller In Advance:
106. Cit hown taxes to
406. City/town fracas to
107. County texas to
407. County texas m
108. Assessments to
408. Assessments to
109.
409.
110,
410.
Ill.
411.
112.
41L
113.
413.
114.
414.
115.
415.
116.
416.
120. Gross Amount Due From Borrower:
224,025.00
420. Gross Amount Due To Seller.
223,500.00
200. Amounts wer,
500, ReductionAmount Due To Seller:
201. Deposit or earnest money
3,500.0
501. Excess deposit (see instructions)
202. Principal amount of new I s
502. Settlement charges to seller pine 1400)
1.189.00
203. Existing loans) taken subject to
503. Existing loan(s) taken subject to
204.
SO4. Payoff Ist LA.
205.
SOS. Payoff2ad Mig. Lu.
206.
506. Property Tax
56.59
207.
$07. Deposit To Seller
3.500.00
208.
508.
209.
S09.
Adjustments For Items Unpaid By Seller:
210. City/town taxes to
Adjustments For Items Unpaid By Seller:
510. Cityhown taxes to
211. County taxes 01/01/17 to Mill?
41.39
511. County Uxca 01/01/17 to 09/25/17
41.39
212. Assessments to
512. Assessments to
213.
513.
214.
SIC
215.
$15.
216.
516.
217.
S17.
218.
518.
219.
519.
220. Total Paid By/For
Borrower:
,.39
3541
520. Total Reductions
In Amount Due Seller:
4,785.98
F3-00-C-mh At Settlement From/To Borrower;
s ement Fronirro Seller;
301. Gross amount due from borrower (line 120)
224 025.00
601. Gross amount due to seller (line 420)
223.500,00
302. Less amount paid by/for borrower pine 220)
3,541.3
602. Less reductions in amount due seller (line 520)
4,785.98
303. Cash (®FROM) 0I70) Borrower:
220,483.61
603. Cash (Fx r0) (OFROM) Seller:
218,714.02
Previous Edition Is Obsolete SB4-3538-000-1
Form No. 1581 HUD-1 (3-86)
3/86 Pagel of 3 RESPA, H134305.2
CCTTr CadCNT ruAtti Tccrnuc 22855.17
700. Total SalesfBrokces Commission:
Based On Price S
%=
Paid From
Borrower's
Funds
At
Settlement
Paid From
Seller's
Funds
At
Settlement
Division nfCammimlon (line 7001 As 1 w !
702,S to
703. io
704.
Silk firms Payable In Connection With Latin,
80-1-Appralml fee to: Cash ApRraisal Fee
904, Credit report to: Cwh It Report Fee
i n fee
Insurance gglication fee to
808- Uan Fee To: Cash Loan Fcc
Foo To: Cash Underwriting Fee
810,
817.
913.
814,
816,
817.
818.
819,
920.
82
p
da 0 days)
902, ModUge Insurance premium for M to
insurance
904. Flood ce premitim
insurance905,
.00
M month
1007- R e n 0 months
0
onth
0.00 pa
month
an
1 th fog S
0.00 pgr
month
1006, Flood insurarice 0 months S
0.00 pat
month
1008, ant
Settlement1009.
1101- st t Company. Inc.
Tific-Sculementt
Fee
375.0075
00
1102, Abstract or title search to n AbOroct Company. Inc.
Title-Titic
Title examination to
Title1103,
1104,
1105, Document RM"on to
1106, Notay, fees to
1107. Attorneys fees to
(includes above item Numbers.
)
1108. Title insurance to Bronson Abstract Company, Inc, Title-Lender/Mortgagee Premium
(includes above item Numbers: )
688.00
1109, e s covers e S 0.00 Premium: $0.00
covemat S 223,500.00 Premium: 688.00
1112,
1113,
1114.
em, Deed S 25.00 S
0.00
Aclomes 0.00
25.001
Deed S 0.00
:Mon a e 0.00
0
Mortitage S 0.00
1204,
1205.
1302, Pest inssmlion to
03
1304,
1305,
1307,
Q. Tnlrtl $rtllernent ee of
- aipd - firij 502,Section 9)
Forth No. 1582 Page 2 of SB-4.3538-000.1
SELLER'S AND/OR BORROW STATEMENT Escrow: 22855-17
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction. / further certily, that I have received a ropy of the HUD -I Settlement Statement.
Borrowers/Purchasers Sellers
Peter O. Kohler,
L•L�C�. .City uttcyi l..
By::
The HUD-t Settlement Statement which I have prepared is true and accurate account of this transaction. I have caused or will cause the funds to be
disbursed in accordance with tthis'mant.. _
Settlement Agent: '`�" • ` Date:
Lela R. Davis, Bronson Abstract Com in, -
WARNING: It is a crime to knowingly make false statements to the United States an this or any other similar form. Penalties upon conviction can include a
tine or imprisonment. For details see: Title 18 U.S. Cale Section 1001 and Section 1010.
Page 3 of 3
Parcel No, 765-16574-000
WARRANTY DEED
BE IT KNOWN BY THESE PRESENTS:
THAT the City of Fayetteville, Arkansas, a municipal corporation,
hereinafter called GRANTOR, for and in consideration of the sum of Two Hundred
Twenty -Three Thousand Five Hundred Dollars ($223,500.00), the receipt of which
is hereby acknowledged, does hereby grant, bargain, sell and convey unto Peter
0. Kohler, LLC, 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:
Lot Ten (10), Final Plat of Fayetteville Industrial Park West, Fayetteville, Arkansas, as per plat recorded in
plat record book 10 at page 17 on file in the office of the Circuit Clerk and Ex-Officio Recorder of Washington
County, Arkansas, containing 14.90 acres, more or less. Subject to easements and rights -of -way of record.
TO HAVE AND TO HOLD the said lands and appurtenances hereunto belonging unto the said Grantee and
Grantee's successors and assigns, forever. And the said Grantor hereby covenants that it is lawfully seized of said lands
and premises; that the same is unencumbered, and that the Grantor will forever warrant and defend the title to the said
lands against all legal claims whatever.
WITNESS the execution hereof on this the day of F)T'�"� , 2017,
CITY OF FAYETTEVILLE, ARKANSAS
A Municipal Corporation
ATTEST:
`����� nirl�h
1' R�- �
..•
Son. ra Smitfl,, $ . s
.�.p
rP�-:
TE
ACKNOWLEDGMI"NT
STATE OF ARKANSAS
ss.
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 Lioneld Jordan and Sondra Smith, to me well known as
,the persons who executed the foregoing document, and who. stated and acknowledged that they are the Mayor and
City Clerk -Treasurer, respectively, of the .City of Fayetteville, Arkansas, a Municipal Corporation, and are duly
authorized in their respective:capacities to execute: the foregoing instrument for and in the name and behalf of said -
,City of Fayetteville, Arkansas, and further stated and acknowledged that they had so signed, executed and delivered
said instrument for the consideration, uses'and purposes therein mentioned and set forth.
WITNESS my hand and seal on .this -r`1 day of ))61 `lb —2017_
MY COMMISSION E KPIRMFIELD S BRONSON JR AA jaM���
NOTARY PUBLIC Notary Public
WAAHINaTnN COUNTY-ARKANSAS
COMMISSION #E 12387836
EXPIRES: APRIL 10 2022
CLOSING CERTIFICATION
FILE No: 22855-17
Address: Industrial Park West, Fayetteville, AR 72701
We the undersigned hereby state that we are the party(ies) with respect the property referenced above and theretofore make the
following certifications where applicable:
PROPERTY ADDRESS PRORATIONS
Bronson Abstract Company, Inc. (hereinafter referred to as "Closing Agent") has prorated the current years real estate taxes (if a
purchase) from January first of the current year through the date of the closing and have given the purchasers) credit for same on the
settlement statement. The purchaser will therefore be responsible for payment of those taxes when they become due and payable the
next payment cycle.
If an escrow is being established for payment of taxes and/or insurance then the Closing Agent has made the necessary entries on the
settlement statement as instructed by the Lender. The reserves and monthly payments for the escrow have been established by using
the current amounts provided by the County Assessor for the current year without consideration of any existing credits.
It is the responsibility of the undersigned Borrower(s)/Purchaser(s) to contact the County Assessor's office for the purpose of applying
for any credits for which they may be entitled. It will also be the responsibility of the undersigned to provide the Lender with any
information which would be necessary for the purpose of changes to any of the escrow payment amounts.
The Closing Agent hereby disclosed that the valuations as provided by the County Assessor's office at the time of closing may be
changed at any time for the closing date forward and said Closing Agent shall not be held responsible or liable to the undersigned for
any discrepancies and/or adjustments which may occur subsequent to the date of the closing.
TITLE INSURANCE AFFIDAVIT
The undersigned, where applicable, hereby affirm that they have received a copy of the title insurance commitment and are aware of
any matters contained therein.
SURVEY -WAIVER
The undersigned affirm and acknowledge that they did not receive, unless previously agreed and/or required, a survey of the property,
and further will have no coverage or protection on the title policy with respect to matters that would have been disclosed by an
accurate survey of the property. It is the responsibility of the undersigned to request such coverage, including but not limited to survey
matters, directly from the title insurance issuing agent prior to the closing and be responsible for additional coverage. In the even the
survey coverage is requested and/or required, it is further the responsibility of the undersigned to provide the title insurance issuing
agent a survey which would meet the criteria and requirements as determined by the title insurance company guidelines.
ERRORS AND OMISSIONS
The undersigned party(ies) affirm and acknowledge that they will cooperate and agree to re -executed any documents, initial any
changes, or pay any additional amounts and/or fees which my result from clerical errors or other matters, including but not limited to
misspellings, incorrect names, addresses, legal descriptions, costs, terms, conditions, computations, taxes collected or due and
expenses which were all done in good faith by the Closing Agent and further agree to respond to any such request made by Closing
Agent, Lender, or other parties involved, in a manner which is timely and consistent with such request.
We further agree to indemnify and hold Closing Agent, Lender and Realtors harmless from loss or damage or liability resulting from
matters herein.
Dated this 25th day of September,2017.
PURCHASE a SELLER
PEI R O. KOHLER, LLC CI Y OF .; 71391LLE, ARKANSAS
SELLER/PURCHASER'S AFFIDAVIT
STATE OF ARICANSAS, COUNTY OF: WASHINGTON
The undersigned, referred to as Seller/Purchaser (whether one or more) being first duly sworn on oath that the Seller/Purchaser is the
owner of the following described lands, situated in Washington County, Arkansas, to -wit:
Lot 10, Final Plat of Fayetteville Industrial Park -West, Fayetteville, Arkansas, as per plat recorded in plat record book 10
at page 17 on file in the office of the Circuit Clerk and Ex-Officio Recorder of Washington County, Arkansas. Subject to
easements and right-of-ways of record.
Seller/Purchaser further states the following facts are true:
1. There is no adverse occupant of the property described above.
2. Seller/PUrdt—mand those, under whom Seller/Purchaser claims title, have been in peaceful possession of said lands for more
than 7 years past.
3. There are no unrecorded options to purchase, Sales Contracts or Lease Agreements outstanding, which affects the property
described above.
4. There have been no improvements made on the property described above during the past.130 days for which a Mechanic's
and Materialmens' Lien may be filed.
5. The property described above is not traversed by any roadways or easements, except those shown on record.
6. That no money whatsoever is owed on subject property to any person, firm or corporation other than the following: NONE.
Witness ie liars `,,.n� - _ 1 of the undersigned this.° ' day of September, 2017.
Pity!of Fay tevil Peter.0.. Kohler,, LLC
Subscribed and sworn to before me, a Notary Public, on this 2 .day of September, 20
WINFIELD'S BRONSON JR
NOTARY PUBLIC Notary Public
My' Ai9.iWUNTY - ARKANSAS
COMMISSION # 12387836
Please return this to Bronson Abstract Company, Inc., 3810 Front Street, Suite #5, Fayetteville, AR 72703
File Number: 22855-17