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A RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS, AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH APEX, INC. FOR THE SALE OF PROPERTY
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WHEREAS, the City of Jonesboro is the owner of certain real property commonly known as Tract II and Tract III, located at 4800 Kruger Drive and consisting of land totaling approximately 9.77 acres in size, which is more particularly described as follows:
TRACT I - A part of the Southwest Quarter of the Northwest Quarter of Section 26, Township 14 North, Range 4 East, being more particularly described as follows: Begin at the Southeast Corner of the Southwest Quarter of the Northwest Quarter of Section 26, Township 14 North, Range 4 East; thence South 88°44’ West along the South line of the aforesaid Southwest Quarter of the Northwest Quarter 76.0 feet to the point of beginning proper; thence continue South 88°44’ West along the South line of the aforesaid Southwest Quarter of the Northwest Quarter 578.9 feet; thence North 0°17’ West 660.0 feet; thence North 88°44’ East 578.9 feet; thence South 0°17’ East 660.0 feet to the point of beginning containing 8.77 acres.
TRACT II - A part of the Southwest Quarter of the Northwest Quarter of Section 26, Township 14 North, Range 4 East, being more particularly described as follows: Begin at the Southeast Corner of the Southwest Quarter of the Northwest Quarter of Section 26, Township 14 North, Range 4 East; thence South 88°44’ West along the South line of the aforesaid Southwest Quarter of the Northwest Quarter 76.0 feet; thence continue South 88°44’ West along the South line of the aforesaid Southwest Quarter of the Northwest Quarter 578.9 feet, which is the point of beginning; thence continuing South 88°44’ West along the South line of the said Southwest Quarter of the Northwest Quarter 66.0 feet; thence North 0°17’ West 660.0 feet; thence North 88°44’ East 66.0 feet; thence South 0°17’ East 660.0 feet; to the point of beginning, containing 1 acre, more or less.
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