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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING A SETTLEMENT ON THE LEE LLOYD VS. CITY OF JONESBORO LAWSUIT AND ACCEPT DONATION OF PROPERTY FROM MARY LEE MARCOM
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WHEREAS, the City of Jonesboro, was sued by Lee Lloyd in a lawsuit over the flooding of his property located in the city of Jonesboro; and
WHEREAS, the parties have participated in extensive review and negotiations regarding the property in question; and
WHEREAS, a proposed settlement was reached, subject to the approval of the Jonesboro City Council. Both deeds and settlement papers are attached hereto and the terms are stated therein.
NO THEREFORE BE IT Resolved BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
1. The City of Jonesboro shall settle the pending litigation referenced above and accept the donation to the City of the property that was the subject of the litigation.
2. The Mayor, Harold Perrin and City Clerk, Donna Jackson are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this agreement and accept this donation.
PASSED AND APPROVED this 7th day of November, 2017.