File #: RES-19:111    Version: 1 Name: PURCHASE PROPERTY LOCATED AT 116 N. ALLIS, JONESBORO, ARKANSAS FOR THE PURPOSE OF THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY (ADFA) GRANT AWARD FOR THE VETERANS VILLAGE OF JONESBORO
Type: Resolution Status: Passed
File created: 8/7/2019 In control: Finance & Administration Council Committee
On agenda: Final action: 8/20/2019
Title: RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 116 N. ALLIS, JONESBORO, ARKANSAS FOR THE PURPOSE OF THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY (ADFA) GRANT AWARD FOR THE VETERANS VILLAGE OF JONESBORO
Sponsors: Grants
Indexes: Property purchase - real
Attachments: 1. 116 N Allis Appraisal.pdf, 2. 116 N. Allis offer-Signed.jpg
Related files: PD-329

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RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 116 N. ALLIS, JONESBORO, ARKANSAS FOR THE PURPOSE OF THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY (ADFA) GRANT AWARD FOR THE VETERANS VILLAGE OF JONESBORO

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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 116 N. Allis, Jonesboro, Arkansas for the purpose of the Veterans Village; and,

 

WHEREAS, an offer has been made and accepted by William and Sharon Hafford dated October 9, 2018 agreeing to sell their property located at 116 N. Allis, Jonesboro, Arkansas; and,

 

WHEREAS, the funding of the purchase of this property shall come from the ADFA grant funds

 

NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO THAT:

 

SECTION 1: The Mayor and City Clerk are hereby authorized by the City Council for the City of Jonesboro to execute all necessary documents to complete this transaction from the ADFA grant funds.

 

PASSED AND APPROVED, this 20th day of August, 2019.