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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO SELL 0.027 ACRES LOCATED AT 2216 WILKINS TO MR. SKIP HIGHFILL (NOTE: The property description was corrected with RES-17:047)
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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
1. The Mayor and City Clerk are hereby authorized to issue all documents necessary to effectuate the closing of a sale to Mr. Skip Highfill for 0.027 acre owned by the City of Jonesboro being described as follows, to-wit:
PROPERTY DESCRIPTION:
A part of the Southeast Quarter of the Southeast Quarter of Section 20, Township 14 North, Range 4 East, Craighead County, Arkansas to wit: From the Northeast corner of said Southeast Quarter Southeast Quarter, run South 00°44’ West 20 feet to the North right-of-way line of Wilkins Street; then run North 89° 16’ West along said right-of-way line 210 feet to a point of curvature and the point of beginning; then run along said right-of-way and along a curve to the right, central angle 07°20’ and radius 156.7 feet for a distance of 20 feet to a curb; then run along curb line and along a curve to the right, central angle 38°31’, radius 25 feet for a distance of 16.5 feet; then run North 00° 44’ West 50 feet to the point of beginning, containing 0.027 acres.
2. The Mayor and City Clerk are hereby authorized to accept the following purchase agreement: Purchase Price: $2,700.00 to be paid in cash for the property at the time of closing.
Title Documents: Upon payment of the above referenced purchase price, the Seller shall make, execute and deliver to the Buyer the Seller’s warranty deed conveying the property free and clear of all liens and encumbrances. If Buyer notifies the Seller of any title defect which would prevent the title offered from being merchantable within sixty (60) days from the date of this contract, the Seller shall have thirty (30) days within which to cure the same.
Prohibition of Assignment: This contract may not be assigned, transferred, pledged or sold by the Buyer without the written consent of the Seller first obtained. Consent by the Seller to one or more assignments shall not affect the applicability of this provision to any other future proposed assignments.
Right of First Refusal: As a condition to the sale of the above referenced real property, The City of Jonesboro, through the City Council, shall have the right to purchase back the above mentioned real property for the same Two Thousand Seven Hundred and 00/100 Dollars ($2,700) that Buyer purchased the above referenced real property, with in thirty (30) days of the City of Jonesboro’s receipt of the offer to purchase.
3. This resolution shall take effect immediately.
PASSED AND ADOPTED this 6th day of August, 2001.