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HomeMy WebLinkAbout189-22 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 189-22 File Number: 2022-0693 WEST END APARTMENTS: A RESOLUTION TO AUTHORIZE MAYOR JORDAN TO SIGN AN OFFER TO PURCHASE APPROXIMATELY 1.74 ACRES OF LAND LOCATED AT 1125, 1137, 1153, AND 1189 NORTH WEST END AVENUE FOR THE AMOUNT OF $1,390,000.00 PLUS CLOSING COSTS, TO APPROVE A PROJECT CONTINGENCY IN THE AMOUNT OF $10,000.00, AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS, the structures located at 1125, 1137, 1153 and 1189 N West End Ave (commonly referred to as the West End Apartments) have flooded multiple times according to city records; and WHEREAS, this flooding has led to significant loss of property for the residents and created a life safety issue in both the 2017 and 2022 flooding events; and WHEREAS, this flooding puts both the residents and the City of Fayetteville Emergency Services at risk when these flooding events occur; and WHEREAS, as a service to our residents, the City of Fayetteville participates in the Federal Emergency Management Agency (FEMA) Community Rating System (CRS). This provides for discounts (currently 5%) on most flood insurance policies within the City limits; and WHEREAS, as of November 30, 2018, the City of Fayetteville contained 532 flood insurance policies resulting in approximately $522,224 in annual premiums paid. The total insurance coverage in force was just over $122 million and the total paid losses since entering the program in 1982 was approximately $3.2 million; and WHEREAS, CRS regires the participating community to develop and implement a plan to deal with Page 1 Printed on 8118122 Resolution: 189-22 File Number: 2022-0693 structures that continually flood. In many instances, including this one, the only economically feasible option is to purchase the property; and WHEREAS, it will increase Fayetteville's overall flood resiliency and will reduce the overall flood loss to the community during large rain events affirming one goal of the Washington County Pre -Hazard Mitigation plan. 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 authorizes Mayor Jordan to sign an offer to purchase approximately 1.74 acres of land located at 1125, 1137, 1153, and 1189 North West End Avenue for the amount of $1,390,000.00 plus closing costs as well as any other documents necessary to effectuate the purchase of this property, and further approves a project contingency in the amount of $10,000.00. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. PASSED and APPROVED on 8/16/2022 Attest: .•••. �.��y•' CITY p •.•sG. FA YETTE Kara Paxton, City Clerk Treasurer �, • p • . . Page 2 Printed on 8118122 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Text File File Number: 2022-0693 Agenda Date: 8/16/2022 Version: 1 Status: Passed In Control: City Council Meetinq File Type: Resolution Agenda Number: CA WEST END APARTMENTS: A RESOLUTION TO AUTHORIZE MAYOR JORDAN TO SIGN AN OFFER TO PURCHASE APPROXIMATELY 1.74 ACRES OF LAND LOCATED AT 1125, 1137, 1153, AND 1189 NORTH WEST END AVENUE FOR THE AMOUNT OF $1,390,000.00 PLUS CLOSING COSTS, TO APPROVE A PROJECT CONTINGENCY IN THE AMOUNT OF $10,000.00, AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS, the structures located at 1125, 1137, 1153 and 1189 N West End Ave (commonly referred to as the West End Apartments) have flooded multiple times according to city records; and WHEREAS, this flooding has led to significant loss of property for the residents and created a life safety issue in both the 2017 and 2022 flooding events; and WHEREAS, this flooding puts both the residents and the City of Fayetteville Emergency Services at risk when these flooding events occur; and WHEREAS, as a service to our residents, the City of Fayetteville participates in the Federal Emergency Management Agency (FEMA) Community Rating System (CRS). This provides for discounts (currently 5%) on most flood insurance policies within the City limits; and WHEREAS, as of November 30, 2018, the City of Fayetteville contained 532 flood insurance policies resulting in approximately $522,224 in annual premiums paid. The total insurance coverage in force was just over $122 million and the total paid losses since entering the program in 1982 was approximately $3.2 million; and WHEREAS, CRS regires the participating community to develop and implement a plan to deal with structures that continually flood. In many instances, including this one, the only economically feasible option is to purchase the property; and WHEREAS, it will increase Fayetteville's overall flood resiliency and will reduce the overall flood loss to the community during large rain events affirming one goal of the Washington County Pre -Hazard Mitigation plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF City of Fayetteville, Arkansas Page 1 Printed on 811812022 File Number: 2022-0693 FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to sign an offer to purchase approximately 1.74 acres of land located at 1125, 1137, 1153, and 1189 North West End Avenue for the amount of $1,390,000.00 plus closing costs as well as any other documents necessary to effectuate the purchase of this property, and further approves a project contingency in the amount of $10,000.00. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. City of Fayetteville, Arkansas Page 2 Printed on 811812022 City of Fayetteville Staff Review Form 2022-0693 Legistar File ID 8/16/2022 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Chris Brown 7/27/2022 ENGINEERING (621) Submitted By Submitted Date Division / Department Action Recommendation: Approval of a resolution authorizing the purchase of property and structures located at 1125, 1137, 1153 and 1189 N West End Ave, in the amount of $1,390,000 plus a $10,000 contingency for the associated closing costs and to approve a budget adjustment Budget Impact: 4704.860.7405-5805.00 4704 - Drainage Bond Projects Account Number Fund 46040.7405 Drainage Projects - Floodplain Buyout/Elevation Project Number Budgeted Item? Yes Does item have a cost? Yes Budget Adjustment Attached? Yes Purchase Order Number: Change Order Number: Original Contract Number: Comments: Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget Project Title $ 5,586,277.00 $ 5,261,669.87 324,607.13 $ 1,390,000.00 $ 1,390,000.00 324,607.13 V20210527 Previous Ordinance or Resolution # Approval Date: CITY OF FAYETTEVILLE ARKANSAS MEETING OF AUGUST 16, 2022 TO: Mayor and City Council THRU: Susan Norton, Chief of Staff Chris Brown, City Engineer FROM: Alan Pugh, Staff Engineer DATE: July 27, 2022 CITY COUNCIL MEMO SUBJECT: Approval of a resolution authorizing the purchase of property and structures located at 1125, 1137, 1153 and 1189 N West End Ave, in the amount of $1,390,000 plus a $10,000 contingency for the associated closing costs and to approve a budget adjustment. RECOMMENDATION: Staff recommends approval of a resolution authorizing the purchase of property and structures located at 1125, 1137, 1153 and 1189 N West End Ave, in the amount of $1,390,000 plus a $10,000 contingency for the associated closing costs and to approve a budget adjustment. This recommendation is based on the following: 1. The structures located at 1125, 1137, 1153 and 1189 N West End Ave (Commonly referred to as the West End Apartments) have flooded multiple times according to city records. 2. This flooding has left to significant loss of property for the residents and created a life safety issue in both the 2017 and 2022 flooding events. 3. This flooding puts both the residents and the City of Fayetteville Emergency Services at risk when these flooding events occur. 4. As a service to our residents, the City of Fayetteville participates in the Federal Emergency Management Agency (FEMA) Community Rating System (CRS). This provides for discounts (currently 5%) on most flood insurance policies within the City limits. 5. As of November 30, 2018, the City of Fayetteville contained 532 flood insurance policies resulting in approximately $522,224 in annual premiums paid. The total insurance coverage in force was just over $122 million and the total paid losses since entering the program in 1982 was approximately $3.2 million. 6. CRS requires the participating community to develop and implement a plan to deal with structures that continually flood. In many instances, including this one, the only economically feasible option is to purchase the property. 7. It will increase Fayetteville's overall flood resiliency 8. It will reduce the overall flood loss to the community during large rain events affirming one goal of the Washington County Pre -Hazard Mitigation plan. Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 BACKGROUND: The subject property and structures are located within Zone AE according to flood insurance rate map 05143CO220F with portions of the structures and the property located within the floodway. For those not familiar, the Special Flood Hazard Area (SFHA) is made up of multiple "zones." These zones identify the various risks as well as the applicable regulations for development. Zone AE is commonly referred to as the 100-year floodplain and is made up of both floodplain and floodway. The floodway is the area designated by the Federal Emergency Management Agency, FEMA, for flood water conveyance. This is often relatively high velocity flood waters and the regulations are very restrictive as the intent is for this area to remain open space in order to preserve that conveyance. It is also the intent of the regulation to restrict developments in these areas which are the most susceptible to flooding. Unfortunately, these structures were located within a high -risk area prior to the maps being adopted by the City and as such have a long history of flooding. DISCUSSION: The West End Apartments contain approximately 50 total units spread over 4 structures. As stated previously, this apartment complex has flooded multiple times with the most recent occurring in April of 2017 and May of 2022. During those events, water entered all 4 of the buildings located on the property and impacted all of the residents. In each event, residents suffered the loss of much of their property including in some instances the vehicles they own that were in the parking area. Due to the velocity of the floodwater, emergency services also had to perform swiftwater rescues for many of the residents located in the facility endangering both the residents and the emergency crews. As an increase in the danger, the May 2022 event occurred in the early morning hours with little warning to the residents of the facility. As a response to the flooding that occurred in 2017, City staff brought forward a proposal for a flood study to be completed to look at potential solutions to the flooding for the Hamestring Creek area upstream of 1-49. This included several tributaries of Hamestring Creek including the tributary that flows next to the West End Apartments. As a result of that study, there was no real action with regard to upsizing culverts and channels that would reduce or eliminate the flooding to these structures. Left with no other feasible solutions, staff began to research the potential to purchase the structures. While we do understand the impact it would have to the residents of the West End Apartments, staff feels that the life safety issues and continual flood losses experienced by the owner and residents warrant the purchase of these faculties by the City and removal of those residents from harm's way. After the May 2022 event, the apartment complex was offered for sale. At that time, staff began working with the administration on the potential to purchase the apartments while there was a willing seller. As such, this proposal is brought forward for council's consideration to purchase the facility. After the purchase, there are potential grant options that could help cover at least a portion of the demolition costs and restoration of the riparian area. Due to the urgency associated with the purchase, these items will be brought forward at a later date for council's consideration. It should be noted that this property is currently under contract to purchase. The attached draft offer letter would be contingent on the current offer to purchase not being completed for any reason. Upon approval from council, the offer letter will be signed and forwarded to the owner and the Land Sale Agreement which is also attached would be completed. If the offer is accepted and the current land sale is not completed for some reason, the City would proceed with preparing all necessary documents and scheduling a closing date. BUDGET/STAFF IMPACT: As a part of the process, engineering staff had the property appraised to get a general idea of the market value. As of July 2022, the market value of the property was indicated to be $1,390,000 based on that appraisal. The proposed source for the funding would be the 2019 Drainage Bond Funds as portions of the funding were originally planned for floodplain buyout opportunities. Attachments: See photos on following pages Draft offer letter Draft Land Sale Agreement May 2022 Flood: High water mark located on a door at 1125 N West End Ave. Debris and some items lost in the flood by residents 4 High water mark on door at 1189 N West End. Depth from sidewalk grade approximately 18 inches. 6" 1" IVV) wedinwoll PI Amd"I 9 .LArM"­ - q W40 W I/ Map of the flood pl ai n/f loodway July 29, 2022 WERP, LLC 418 E Huntsville Road Fayetteville, AR 72701 RE: Dear Ladies and Gentlemen. CITY OF FAYETTEVILLE AR CANSAS West End Apartments Parcel #765-13695-000 Offer to Purchase As you may be aware, the City of Fayetteville is working diligently to gain approval to purchase a property you own known as West End Apartments. You are fully aware that there have been flooding issues at this location and our purchase of the property would prevent someone else purchasing it and having the same issues you and your tenants have. Based on a recent appraisal, the City offers to purchase this property for the amount of $1,390,000.00, contingent upon execution of a final Land Sale Agreement and the property being completely vacant of all tenants at the time the Land Sale Agreement is executed. A copy of the appraisal can be provided if you wish to see it. Below are the general terms of the City's offer: A. Purchase Price of $1,390,000.00 B. Closing to occur within 90 days following the date of the Land Sale Agreement C. Title Insurance to be provided by Seller D. Taxes to be prorated as of the date of closing E. Both parties shall equally share closing fees. F. Buyer shall be responsible for any revenue stamps and recording fees The full details of the sale will be memorialized in a final Land Sale Agreement negotiated between you and the City at a future date. A draft Land Sale Agreement is included for your reference. A City Land Agent will be glad to meet with you or your representatives at your convenience and discuss this offer and there will be an official closing handled by a title company within 90 days of all approvals and signatures. Please contact Holly Jones at (479) 444-3414 (hiones(&fayetteville-ar.gov) or Brandi Samuels at 479-444-3421 (bsamuels@fayetteville-ar,gov) regarding the closing. For any other questions or concerns, please contact Alan Pugh, Stormwater Engineer at (479) 575-8208 (apugh(&favettevilie-ar.gov), or Chris Brown, Public Works Director/City Engineer, can be reached at (cbrownQfayetteville- ar.gov). If the general terms above meet with your approval, please indicate your acceptance by signing below and we will work with you to finalize the Land Sale Agreement. Sincerely, Lionel ordan Mayor LJ/hj Accepted: WERP, LLC By: Title: Mailing Address: 113W, Mountain Streot www.fayetteville-ar.gov Fayetteville, AID 72701 City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 ENGINEERING (621) 2022 Requestor: Chris Brown BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Approval of a resolution authorizing the purchase of property and structures located at 1125, 1137, 1153 and 1189 N West End Ave, in the amount of $1,390,000 plus a $10,000 contingency for the associated closing costs and approval of a budget adjustment RESOLUTION/ORDINANCE COUNCIL DATE: 8/1 6/2022 LEGISTAR FILE ID#: 2022-0693 }f o-�Ly 3lack� 712812022 8:35 AM Budget Director Date TYPE: D - (City Council) JOURNAL #: GLDATE: 8/16/2022 CHKD/POSTED: TOTAL Account Number - - Increase / (Decrease) Expense Revenue Proiect.Sub# Project Sub.Detl AT v.20220718 Account Name 4704.860.7405-5805.00 1,390,000 - 46040 7405 EX Land - Acquisition 4704.860.7405-5911.99 4704.860.7999-5899.00 10,000 - (1,400,000) - 46040 7405 EX 46040 7999 EX Contingency -Capital Project Unallocated - Budget H:\Budget Adjustments\2022_Budget\CITY COUNCIL\08-16-22\2022-0693 BA West End Apartments 1 of 1 DocuSign Envelope ID: 80BAC96C-6FC2-47C7-9410-CF433F09EF51 LAND SALE AGREEMENT This Land Sale Agreement is made and entered into by and between the City of Fayetteville, Arkansas, an Arkansas municipal corporation (hereinafter "City" or "Fayetteville") and WERP, LLC, an Arkansas Limited Liability Company (hereinafter "the Sellers"). TERMS AND CONDITIONS PURCHASE AND SALE Subject to the terms and conditions, mutual promises and covenants of this Agreement, the City of Fayetteville agrees to purchase, and the Sellers agree to sell, the following described property (the "Property"): SEE ATTACHED EXHIBIT "A" FOR PROPERTY DESCRIPTION 2. PURCHASE PRICE Subject to the terms and conditions, mutual promises and covenants of this Agreement, the City agrees to purchase the Property for One Million, Three Hundred Ninety Thousand Dollars and No/100 ($1,390,000) to be paid to the Sellers by the City on or before the Closing Date. 3. CONTINGENCIES This sale shall be contingent upon the property being vacant of all tenants at the time this Agreement is signed by the Seller and Seller is responsible for maintaining that vacancy until closing. 4. CLOSING DATE AND PLACE Closing shall occur within 90 days following the date this Agreement has been executed by the parties. The Closing shall occur at 113 West Mountain Street, Fayetteville, Arkansas in a room supplied by the City of Fayetteville or at another location agreed upon by the parties. The Closing Date may be extended upon the mutual agreement of the parties. 5. DATE OF POSSESSION Possession of the Property shall be delivered to the City of Fayetteville on the Closing Date free of any tenancies or other third -party possessory rights. 6. TITLE INSURANCE The Sellers shall order a title commitment on the Property, as soon as practicable following the full execution of this Agreement, through a title insurance company selected by the Sellers and acceptable to the City. 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 Sellers shall have thirty (30) days from the date of the City 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, the City 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 Sellers. 7. DEED, TAXES, CLOSING COSTS, AND OTHER DOCUMENTS On the Closing date, the Sellers shall convey marketable and insurable title to the premises by general warranty deed, free and clear of all liens, restrictions, and encumbrances except easements and rights -of -way of record, or as provided in this Agreement Taxes and special assessments due on or before the date of closing shall be paid by Sellers. Ad valorem taxes shall be prorated as of the date of closing. The City and the Sellers shall equally share the cost of a reasonable closing fee imposed by the closing agent employed by parties provided however that the City shall be responsible for any revenue stamps resulting from this transaction and all recordings fees for the deed DocuSign Envelope ID: 80BAC96C-6FC2-47C7-9410-CF433F09EF51 and other documents that need to be filed. 8. RISK OF LOSS Risk of loss as to the Property shall remain with the Sellers until the Closing date. 9. THE CITY OF FAYETTEVILLE'S DUE DILIGENCE The City may enter upon the Property to conduct any surveying, testing or inspection it deems necessary to ensure the Property will be appropriate and safe. If the City discovers any problems that would adversely impact its development and use of the Property for its facilities, the City shall notify the Sellers who shall be granted sixty (60) days to remediate any problem. The Sellers may also terminate this Agreement without penalty rather than remediating any problem or issue discovered by the City. 10. NOTICES Notices required by this Agreement shall be in writing and shall be delivered to: City of Fayetteville WERP, LLC, an Arkansas Limited Liability Company ATTN: Mayor's Office c/o John C. Cloyed, Jr. 113 W. Mountain Street 418 E Huntsville Road Fayetteville, AR 72701 Fayetteville, AR 72701 11. AUTHORITY Each of the undersigned individuals represent and warrant that they are authorized to enter into this Agreement on behalf of themselves or their respective entities and that execution hereof will bind all parties to this Agreement. 12. 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. 13. FACSIMILE For purposes of executing this Agreement, a scanned or facsimile signature shall be as effective an as actual signature. 14. APPLICABLE LAW This Agreement shall be construed and enforced in accordance with the laws of the State of Arkansas with venue in Washington County, Arkansas. 15. SURVIVAL The representations, warranties, and agreements of the parties contained herein shall survive the closing date. 16. 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. 17. TIME OF ESSENCE Time is of the essence in this Agreement. DocuSign Envelope ID: 80BAC96C-6FC2-47C7-9410-CF433F09EF51 18. 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. 19. 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 all 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 the City at closing. IN AGREEMENT WITH ALL OF THE TERMS AND CONDITIONS of this Land Sale Agreement and after being properly authorized by the Fayetteville City Council, the Mayor and City -Clerk Treasurer of the City of Fayetteville, Arkansas, Purchaser, sign their names below: PURCHASER: CITY OF FAYETTEVILLE, ARKANSAS ATTEST; ��titG�-f� R K• �! rRF C o' ^_ .fig ara Paxton, C y erk-Treasurer �y; .y ; - IN AGREEMENT WITH ALL OF THE TERMS AND CONDITIONS of this Land Sale Agreement, Sellers sign below: SELLER: WERP, LLC, an Arkansas Limited Liability Company DocupSigned by: By , 6Lt I , h� t, .1 r. MQ.7kukWed, Jr., Manager DocuSignedd bbyy:,,�� Byd'- I,�����gdVlember 3 DocuSigned by: B , 6(ut F (,l6�4 onFazEGdoyersd, Member Date: 8/25/2022 1 1:59 PM ADT EXHIBIT A Legal Description from Warranty Deed: 2015-13714 A part of the of SE '/ of the NE '/4 of Section 7, T-16-N, R-30W, Washington County, Arkansas, being more particularly described as follows: Beginning at a point which is 1,029.00 feet west and 62.55 feet north of the SE corner of said 40 acre tract and running thence N 76 degrees 56'27" W along the north right of way of Wedington Drive 92.29 feet; thence N 89 degrees 44'02" W along said right of way 60 feet to the centerline of a creek; thence along said creek centerline N00 degrees 36'11" W, 70.93 feet; thence N01 degrees 31'24"W, 124.97 feet; thence N17 degrees 57'03" W, 87.21 feet, thence N00 degrees 20'43"E, 55.04 feet; thence N01 degrees 05'58" W, 91.44 feet; thence NO3 degrees 20'10"W 101.23 feet; thence leaving said creek centerline N89 degrees 57'55" E 161.95 feet to the west right of way line of West end drive thence along said right of way south 547.45 feet to the point of beginning. Containing 1.74 acres, more or less. Subject to the portion of utility restrictions and rights of way of record. Subject to any easements, rights of way, restrictive covenants and/or bills of assurance of record, if any. CI Type: REAL ESTATE Kind: WARRANTY DEED Recorded: 10/14/2022 8:48:56 AM Fee Amt: $25.00 Page 1 of 3 Washington County, AR Kyle Sylvester Circuit Clerk File# 2022-00033679 LIMITED LIABILITY COMPANY WARRANTY DEED KNOW-ALL PERSONS- BY -THESE -PRESENTS: That WERP, LLC, an Arkansas Limited Liability Company, hereinafter called GRANTOR, by its Manager, duly authorized, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration paid by CITY OF FAYETTEVILLE, ARKANSAS, a municipal corporation, hereinafter called GRANTEE, does hereby Grant, Bargain, Sell and Convey unto GRANTEE, and unto its successors and assigns forever, the following described property situate in Washington County, Arkansas, to -wit: A PART OF THE OF SE IK OF THE NE'/4 OF SECTION 7, T-16-N, R-30 , WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT WHICH IS 1,029.00 FEET WEST AND 62.55 FEET NORTH OF THE SE CORNER OF SAID 40 ACRE TRACT AND RUNNING THENCE N 76 DEGREES 56'27" W ALONG THE NORTH RIGHT OF WAY OF WEDINGTON DRIVE 92.29 FEET; THENCE N 89 DEGREES 44'02' W ALONG SAID RIGHT OF WAY 60 FEET TO THE CENTERLINE OF A CREEK; THENCE ALONG SAID CREEK CENTERLINE N00 DEGREES 36'11" W, 70.93 FEET; THENCE N01 DEGREES 31'24"W, 124.97 FEET; THENCE N17 DEGREES 57'03'° W, B7.21 FEET, THENCE N00 DEGREES 20'43"E, 55.04 FEET; THENCE N01 DEGREES 05'58" W, 91.44 FEET; THENCE NO3 DEGREES 20'10"W 101.23 FEET; THENCE LEAVING SAID CREEK CENTERLINE N89 DEGREES 57'55" E 161.95 FEET TO THE WEST RIGHT OF WAY LINE OF WEST END DRIVE THENCE ALONG SAID RIGHT OF WAY SOUTH 547.45 FEET TO THE POINT OF BEGINNING. CONTAINING 1.74 ACRES, MORE OR LESS. SUBJECT TO THE PORTION OF UTILITY RESTRICTIONS AND RIGHTS OF WAY OF RECORD. SUBJECT TO ANY EASEMENTS, RIGHTS OF WAY, RESTRICTIVE COVENANTS AND/OR BILLS OF ASSURANCE OF RECORD, IF ANY. SAID PROPERTY BEING THE SAME AS THE PROPERTY DESCRIBED IN SURVEY PREPARED BY THE CITY OF FAYETTEVILLE, ARKANSAS, DATED SEPTEMBER 16, 2022, BEING MORE PARTICUARLY DESCRIBED AS FOLLOWS: A PART OF THE SOUTHEAST QUARTER (114) OF THE NORTHEAST QUARTER (1/4) OF SECTION SEVEN (7), TOWNSHIP SIXTEEN (16) NORTH, RANGE THIRTY (30) WEST, 5TH PRINCIPAL MERIDIAN, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SAID FORTY -ACRE TRACT, THENCE ALONG THE SOUTH LINE OF SAID FORTY -ACRE TRACT NORTH 87"24'25" WEST 1151.24 FEET TO A POINT; THENCE LEAVING SAID SOUTH LINE NORTH 01°58'56" EAST 83.65 FEET TO THE POINT OF BEGINNING BEING THE CENTERLINE OF THE SOUTH FORK OF HAMESTRING CREEK AND THE NORTHERLY RIGHT-OF-WAY WEDINGTON DRIVE (STATE HWY 16 HWY. COMM. JOB BBO 411); THENCE LEAVING SAID RIGHT-OF-WAY ALONG SAID CENTERLINE OF CREEK THE FOLLOWING COURSES, NORTH 01.23'43" EAST 195.89 FEET TO A POINT; THENCE NORTH 15°21'56" WEST 87.21 FEET TO A POINT; THENCE File Number: 2022-00033679 Page 1 of 3 LIMITED LIABILITY COMPANY WARRANTY DEED KNOW ALL PERSONS BY THESE -PRESENTS: That WERP, LLC, an Arkansas Limited Liability Company, hereinafter called GRANTOR, by its Manager, duly authorized, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration paid by CITY OF FAYETTEVILLE, ARKANSAS, a municipal corporation, hereinafter called GRANTEE, does hereby Grant, Bargain, Sell and Convey unto GRANTEE, and unto its successors and assigns forever, the following described property situate in Washington County, Arkansas, to -wit: A PART OF THE OF SE'/a OF THE NE % OF SECTION 7, T-16-N, R-30W, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT WHICH IS 1,029.00 FEET WEST AND 62.55 FEET NORTH OF THE SE CORNER OF SAID 40 ACRE TRACT AND RUNNING THENCE N 76 DEGREES 56'27" W ALONG THE NORTH RIGHT OF WAY OF WEDINGTON DRIVE 92.29 FEET; THENCE N 89 DEGREES 44'02" W ALONG SAID RIGHT OF WAY 60 FEET TO THE CENTERLINE OF A CREEK; THENCE ALONG SAID CREEK CENTERLINE N00 DEGREES 36'11" W, 70.93 FEET; THENCE N01 DEGREES 31'24"W, 124.97 FEET; THENCE N17 DEGREES 57'03" W, 87.21 FEET, THENCE NOO DEGREES 20'43"E, 55.04 FEET; THENCE N01 DEGREES 05'58" W, 91.44 FEET; THENCE NO3 DEGREES 20'10"W 101.23 FEET; THENCE LEAVING SAID CREEK CENTERLINE N89 DEGREES 57'55" E 161.95 FEET TO THE WEST RIGHT OF WAY LINE OF WEST END DRIVE THENCE ALONG SAID RIGHT OF WAY SOUTH 547.45 FEET TO THE POINT OF BEGINNING. CONTAINING 1.74 ACRES, MORE OR LESS. SUBJECT TO THE PORTION OF UTILITY RESTRICTIONS AND RIGHTS OF WAY OF RECORD. SUBJECT TO ANY EASEMENTS, RIGHTS OF WAY, RESTRICTIVE COVENANTS AND/OR BILLS OF ASSURANCE OF RECORD, IF ANY. SAID PROPERTY BEING THE SAME AS THE PROPERTY DESCRIBED IN SURVEY PREPARED BY THE CITY OF FAYETTEVILLE, ARKANSAS, DATED SEPTEMBER 16, 2022, BEING MORE PARTICUARLY DESCRIBED AS FOLLOWS: A PART OF THE SOUTHEAST QUARTER (1/4) OF THE NORTHEAST QUARTER (1/4) OF SECTION SEVEN (7), TOWNSHIP SIXTEEN (16) NORTH, RANGE THIRTY (30) WEST, 5TH PRINCIPAL MERIDIAN, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SAID FORTY -ACRE TRACT, THENCE ALONG THE SOUTH LINE OF SAID FORTY -ACRE TRACT NORTH 870'24'25" WEST 1151.24 FEET TO A POINT; THENCE LEAVING SAID SOUTH LINE NORTH 01058'56" EAST 83.65 FEET TO THE POINT OF BEGINNING BEING THE CENTERLINE OF THE SOUTH FORK OF HAMESTRING CREEK AND THE NORTHERLY RIGHT-OF-WAY WEDINGTON DRIVE (STATE HWY 16 HWY. COMM. JOB BBO 411); THENCE LEAVING SAID RIGHT-OF-WAY ALONG SAID CENTERLINE OF CREEK THE FOLLOWING COURSES, NORTH 01 °23'43" EAST 195.89 FEET TO A POINT; THENCE NORTH 15°21'56" WEST 87.21 FEET TO A POINT; THENCE NORTH 00053'33" EAST 247.63 FEET TO A POINT; THENCE LEAVING SAID CENTERLINE OF CREEK SOUTH 87024'53" EAST 162.27 FEET TO THE WESTERLY RIGHT-OF-WAY OF N. WEST END AVENUE AND A SET 518" REBAR LABELED ""COF 1514"; THENCE ALONG SAID RIGHT-OF-WAY SOUTH 02055'33" WEST 546.67 FEET TO THE SAID NORTHERLY RIGHT -OF- WAY AND A FOUND REBAR WITH CAP LABELED "1826"; THENCE ALONG SAID NORTHERLY RIGHT-OF-WAY NORTH 74021'21" WEST 89.28 FEET TO A POINT; THENCE NORTH 87009'26" WEST 33.79 FEET TO THE POINT OF BEGINNING AND HAVING AN AREA OF 1.739 ACRES MORE OR LESS. STREET ADDRESS: 1125 W END AVE, FAYETTEVILLE, AR 72702 TO HAVE AND TO HOLD the same unto the GRANTEE and unto its successors and assigns forever, with all appurtenances thereunto belonging. And the GRANTOR hereby covenants with the GRANTEE that it will forever warrant and defend the title to the property against all lawful claims whatever, subject to any declarations, easements, restrictions or reservations of record. WITNESS the name and seal of the GRANTOR on Wcberl , 2022. WERP, LLC, an Arkansas Limited Liability Company HNC. CLOY ,Manager STATE OF ARKANSAS } 6r )SS COUNTY OF Lk ► ) BE IT REMEMBERED, that on this day came before the undersigned, a Notary Public within and for the County and State aforesaid, duly commissioned and acting, JOHN C. CLOYED, to me well known as the Manager of WERP, LLC, an Arkansas Limited Liability Company, and stated that he is duly authorized in his capacity to execute the foregoing Deed for and in the name and on behalf of the limited liability company, and further stated that he had so executed the same for the consideration and purposes therein mentioned and set forth. WITNESS my hand and seal as such Notary Public on (14,r6if , 2022. Seal, Commission No. & Expr.: N I C d L E CONGER Notary Public -Arkansas Washington County 4?t�AM4"— FMVommissionExpires 12-68-2027 Notary Public oe 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 o g Address for Tax Statement This document prepared by Edwin N. McClure; Matthews, Campbell, Rhoads, McClure & Thompson, PA; 119 S 2nd St, Rogers, AR 72756; Arkansas Bar Number 86118; Missouri Bar Number 64332; New York Registration Number 5505540 ARKANSAS DEPARTMENT OF FINANCE AND ADMINISTRATION Real Property Transfer Tax Affidavit of Compliance Form O Grardee (Punch s.er) Name T o� I'e SeAe Grantor 'r) Marne er L� Add } r �! [� `Stale ({]] Address "PO T City r Ztp Code City State Tap Code Date of real property transfer (as reflected on the transfer instrument); Ib(13� ZZ Name of the county where the property is located.,3Vli} O� Amount of the full consideration for the transaction: Please select the appropriate exemption below, transfer to or from the United States, the State of Arkansas or any of the instrumentalities. agencies, or political subdivisions of the �A United States or the State of Arkansas. (i Any instrument or writing given solely to secure a debt �-. Any instrument solely for the purpose of correcting or replacing an instrument that has been previously recorded with full payment of the tax having been paid at the time of the previous recordation. (" An instrument conveying land sold for delinquent taxes (` An instrument conveying leasehold interest in land only. r An instrument, Including a timber deed, that conveys or grants the right to remove timber from land if the Instrument grants or conveys the right to remove limber for a period of not to exceed twenty-four (24) months. �- An Instrument given by one (1) party In a divorce action to other party to the divorce action as a division of marital property whether by agreement or order of the court. r An instrument given in any judicial proceeding to enforce any security interest in real estate when the instrument transfers the property to the some person who is seeking to enforce the security Interest. r An instrument given to a secured party in lieu of or to avoid a judicial proceeding to enforce a security interest in real estate. An instrument conveying a home financed by the Federal Housing Administration, the United States Department of Veterans Affairs, or r the United States Department of Agriculture Rural Development, if the sale price of the home is sixty thousand dollars (360,000) or less and the seller tiles with the county recorder of deeds a sworn statement by the buyer slating that neither the buyer nor the spouse of the buyer has owned a home within three (3) years of the dale of closing and also stating the sale price of the home. An instrument conveying land between corporations, partnerships, limited liability companies, or other business entities or between a {' business entity and Its shareholder, partner or member incident to the organization, reorganization, merger,consoRdalion. capitalization, asset distribution, or liquidation of a corporation, partnership, limited liability company, or other business entity. (' A beneficiary deed under ACA 18-12-608. f Consideration of $100 or less l: Other (Explain): I certify under penalty a( false swearing that documentary stamps or a docum l Mary sym I. legally I. amount has been placed on this instrument. I> -d Q rL (Print Name) IS of Requestor) (Dale) — Real Property Tax Affidavll of Compliance Form (R 10106113)