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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, TO ENTER INTO A CONTRACT TO PURCHASE PROPERTY LOCATED AT 1709 EAST HIGHLAND DRIVE FOR JONESBORO POLICE DEPARTMENT OPERATIONS
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WHEREAS, the Jonesboro Police Department is currently working out of 5 different facilities following the emergency closure of the Justice Complex on Washington Avenue; and
WHEREAS, these displaced divisions result in a barrier to interdepartmental communication and creates hardships for public access; and
WHEREAS, three of the temporary workspaces are in City community centers, resulting in a reduction of useable community space for programming and events; and
WHEREAS, the proposed space includes 14,418 square feet, consisting of approximately 30 office spaces, 2 conference rooms, multiple breakrooms, 51 parking spots and an enclosed garage space; and
WHEREAS, the property has been reviewed by a licensed appraiser to provide a defendable market value that concluded the contract price was fair and reasonable; and
WHEREAS, the City of Jonesboro desires to enter into a contract to purchase the property at 1709 E. Highland Drive, commonly referred to as the “Shelter Insurance Building”, for $2,750,000, plus associated closing costs and fees; and
WHEREAS, funding for the purchase shall be provided via short-term Act 78 loan of $3,000,000 to support the purchase and necessary facility adjustments.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:
SECTION 1: The City of Jonesboro, Arkansas shall execute a contract with Halsey Real Estate for the purchase of property located at 1709 E. Highland Drive, commonly referred to as the “Shelter Insurance Building” for a purchase price of $2,750,000 plus applicable fees and costs.
SECTION 2: The Jonesboro City Council endorses the pursuit of Amendment 78 short-term financing to fund the above stated purchase.
SECTION 3: The Mayor and City Clerk are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate these agreements.
PASSED AND APPROVED THIS 18TH DAY OF AUGUST 2026.