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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, TO ENTER INTO A CONTRACT TO SELL 1025 HOPE AVENUE and 405 McDANIEL STREET TO CLINT JACKSON
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WHEREAS, the City of Jonesboro desires to enter into a contract to sell 1025 Hope Avenue and 405 McDaniel Street (together, the “Property”) to Clint Jackson (the “Purchaser”); and
WHEREAS, the Land Bank Commission held a regular meeting on February 10, 2026, with all members who were present voting unanimously to recommend acceptance of the Purchaser’s response to RFP for the purchase of the Property for the purchase price of $60,000.00.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:
SECTION 1: The City of Jonesboro, Arkansas shall contract with Clint Jackson for the sale of 1025 Hope Avenue and 405 McDaniel Street to Purchaser for the purchase price of $60,000.00 plus customary closing costs.
SECTION 2: A copy of the Real Estate Contract is attached hereto.
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.
PASSED AND APPROVED THIS 17TH DAY OF MARCH 2026.