I'm afraid that in your example drawing [in which the Arc is not, in fact, tangent to the Circle], that's a geometric impossibility, unless the Arc curves in the opposite direction from the Circle. The Arc's radius is smaller than the Circle's, which means that if it is to be tangent to the Circle at any point, and curving in the same direction, then all of it except the tangent point must be inside the Circle.
If the curvature is allowed to be in the opposite direction [as long as the radius of the Arc is no less than half the distance from the point to the Circle], or if in real-life situations the radius of the Arc will always be greater than that of the Circle, something could probably be worked out.
Or, if the example is real, maybe you mean to say that the Arc should be tangent to the Line rather than to the Circle [it looks like it is, though I didn't verify that]. Certainly an Arc that is tangent to a Line at a given point, and of a given radius, could be constructed to the point(s) where it meets the Circle.
Kent Cooper, AIA