# Willowbend Capital Warranty Deed The recorded Special Warranty Deed conveying 383.52 acres of [[Little Rock Port Authority]] land in Pulaski County, Arkansas to [[Willowbend Capital, LLC]] for $11,505,600.00 — the Tier-1 instrument by which the Project Boar site passed from public to private ownership. ## What's inside - 6-page recorded deed, Pulaski County Instrument # 2025033561, presented 2025-06-25 12:22:55 PM, recorded 2025-06-25 12:30:28 PM by Pulaski County Circuit/County Clerk Terri Hollingsworth (Deputy Recorder Francisco Reta), recording fee $40.00. - Exhibits A (legal description) and B (permitted exceptions) attached. - Page 6: Arkansas DFA Miscellaneous Tax Section Affidavit of Compliance (File No. 101-25118, Affidavit ID 1038107648), recording the purchase price and the political-subdivision exemption. ## Key takeaways - **Parties.** *"THE CITY OF LITTLE ROCK, ARKANSAS FOR THE USE AND BENEFIT OF THE LITTLE ROCK PORT AUTHORITY"* (Grantor) → *"WILLOWBEND CAPITAL LLC, a Delaware limited liability company"* (Grantee). The deed runs in the name of [[City of Little Rock]] but for the use and benefit of [[Little Rock Port Authority]] — the Port is the beneficial-use party, the City the legal grantor. - **Date and recordation.** Executed June 24, 2025; presented and recorded June 25, 2025. Recording fee $40.00. - **Consideration.** Nominal *"sum of Ten Dollars ($10.00) and other good and valuable consideration."* The actual purchase price is on the DFA Affidavit (p. 6): **Property Purchase Price: $11,505,600.00; Tax Amount: $0.00**. The Real Estate Transfer Tax is exempted as *"A transfer to or from … any of the instrumentalities, agencies, or political subdivisions of … the State of Arkansas."* - **Signatures.** Grantor signed by *"Frank Sco[tt] Mayor"* and *"Allison Segars"* (City Clerk). The City's seal is affixed. Notarized 2025-06-24 by Rachel D. Breitweiser, Pulaski County, AR (Commission No. 00004669, expires 2035-01-17). - **Title preparer.** *"This document prepared by and return to: Kutak Rock LLP, Attn: Stuart C. Hindmarsh, 5111 W. JB Hunt Drive, Suite 300, Rogers, Arkansas 72758."* The same firm and same attorney appear as contact of record for [[GROOT LLC]] on the Project Pyramid site — see [[Kutak Rock LLP]] and [[Stuart C Hindmarsh]]. - **Legal description (Exhibit A).** A part of the City of Little Rock property recorded in Inst. No. 2025002232 and the Ratcliff properties recorded in Inst. Nos. 2024050489, 2020088139, and 2020088141, lying in Sections 19, 20, 29 and 30, Township 01 North, Range 11 West, Pulaski County, Arkansas, containing **383.52 acres more or less**. The east boundary follows a *"proposed road (not yet dedicated)"* that turns into Riverport Road; the west boundary follows the east line of Harper Road; the northern bound runs to the south line of Riverport Road (Inst. No. 2025017943). - **Permitted exceptions (Exhibit B).** Five categories: 2025 general taxes and special-improvement-district installments (Fourche Island Drainage District; Sweet Home Rural Fire District); two recorded easements in favor of Fourche Island Drainage District No. 2 (Book 793, Pages 91 and 163); a 1982 mineral deed in favor of Flag Lake Corporation (Inst. No. 82-10408); and a Facilities Easement in favor of Southwestern Bell Telephone Company d/b/a AT&T Arkansas (Inst. No. 2025022680). - **DFA Affidavit of Compliance.** Filed 2025-06-25. Grantor mailing address: 10600 Industrial Harbor Rd, Little Rock AR 72206 (the Port's office); Grantee mailing address: 5111 JB Hunt Dr Ste 300, Rogers AR 72758 — the same Kutak Rock LLP address from the preparer block. Grantee signature: *"Melanie Logan, Agent."* ## People and orgs mentioned - [[City of Little Rock]] — grantor of record. - [[Little Rock Port Authority]] — beneficial-use party on the grantor side. - [[Willowbend Capital, LLC]] — grantee. - [[Frank Scott Jr]] — Mayor; signed for the grantor. - Allison Segars — City Clerk; co-signed for the grantor. - Rachel D. Breitweiser — notarizing notary public, Pulaski County. - Terri Hollingsworth — Pulaski County Circuit/County Clerk; recording authority. - Francisco Reta — Deputy Recorder. - [[Kutak Rock LLP]] — preparer of the deed; return address. - [[Stuart C Hindmarsh]] — Kutak Rock attorney named on the preparer block; the deed's contact of record. Hindmarsh appears in this corpus as contact of record on both Project Boar (here) and on [[GROOT LLC]] / Project Pyramid. - Melanie Logan — signing agent on the DFA Affidavit of Compliance for the Grantee. - AT&T Arkansas (Southwestern Bell Telephone Company) — easement holder under Permitted Exceptions. - Fourche Island Drainage District No. 2 — easement holder under Permitted Exceptions. - Flag Lake Corporation — 1982 mineral interest under Permitted Exceptions. ## Concepts invoked - Special Warranty Deed — grantor warrants title only against claims "by, through, or under" the grantor, subject to Permitted Exceptions; weaker than a general warranty deed. - DFA Affidavit of Compliance — the Arkansas Department of Finance and Administration's documentary-stamp / Real Estate Transfer Tax tracking instrument. - Real Estate Transfer Tax exemption for political-subdivision conveyances (Ark. Code § 26-60-102 et seq., as administered). ## Events documented - The 2025-06-24 closing and 2025-06-25 recordation — the operative dates of the property transfer. ## Cross-references - [[Willowbend Capital Closing Statement]] — the buyer/seller-side ALTA settlement statements for the same conveyance. - [[Port Authority Land-Sale Resolution]] — the Port Board's 2025-04-29 authorization for this sale. - [[City of Little Rock Willowbend Resolution]] — the City Board's deed-authorizing resolution (unexecuted draft template in this production). - [[Project Boar Site Survey]] — the survey of the same 383.52-acre tract, certified to Willowbend Capital, the Port Authority, EMH&T, and Chicago Title Insurance Company. ## Open questions / follow-ups - **The executed City resolution.** The deed implies a City Board resolution authorizing this conveyance, but the corpus has only the unexecuted draft. The executed City resolution's number and adoption date are not yet established. - **Willowbend's officer chain.** The Grantee signature line on the DFA Affidavit is signed by *"Melanie Logan, Agent"* — the closing officer at First National Title Company — not by a Willowbend principal or [[Michael Montfort]]. Whether any pre-recording signing by a Willowbend principal exists (e.g., on the original purchase-and-sale agreement) is not in this production. - **The post-closing chain.** A 2025-11 or later conveyance — comparable to the GROOT LLC → City of West Memphis $0 conveyance on the Crittenden site — would be the next site-ownership inflection point and is not in the present record.