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RESOLUTION BY THE JONESBORO CITY COUNCIL TO ACCEPT AN IN-KIND LAND DONATION OF 2 ACRES +/- OF LAND, VALUED AT $876,000 AND AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH BLAZER LAND HOLDINGS, LLC
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WHEREAS, Blazer Land Holdings, LLC wishes to donate approximately 2 acres of land to the City of Jonesboro, Arkansas and the City of Jonesboro wishes to accept said donation of property. A copy of the Warranty Deed, appraisal summary, Land Donation Agreement and survey map are attached hereto; and
WHEREAS, the property, located at or near 6106 Southwest Drive, is positioned along a major highway in one of the highest intensity growth areas of the city and would preserve the land for future public safety needs in the area; and
WHEREAS, it is the intent of the city to pursue funding to utilize the property for a public safety benefit in the future as detailed in the Warranty Deed as “The aforementioned property shall not be used for any purpose other than fire, police, or public safety”; and
WHEREAS, the donating party has identified the intended qualifying uses, if developed, to include, but not strictly limited to; a fire station, short-term severe weather or disaster emergency shelter, police substation or similar public safety benefit facility; and
WHEREAS, no portion of the agreement, warranty deed or offering documents exempt adjacent property from general development codes or a guarantee of development by the city, only that any development of the property, other than demolition or maintenance, be of a public safety benefit.
WHEREAS, if the property is not in funded process of creating a public safety benefit within 7 years, the property would return to Blazer Holdings, LLC, or its assigned representative unless additional legislation between the City of Jonesboro and Blazer Holdings LLC alters the original contract represented in this resolution.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1: The City of Jonesboro accepts the in-kind land donation of approximately 2 acres from Blazer Land Holdings, LLC.
SECTION 2: The City of Jonesboro will abide by the Warranty Deed guaranteed wishes of the donating party that any development of the property be of a public safety benefit as detailed in the above resolution and attached Warranty Deed.
SECTION 3: The Mayor, Harold Copenhaver and City Clerk, April Leggett, are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this agreement. The Mayor and City Clerk are hereby authorized with executing of any and all documents reasonably necessary to acknowledge the donation by Blazer Land Holdings LLC with taxing authorities, including but not limited to, the Internal Revenue Service.