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A RESOLUTION BY THE CITY COUNCIL OF JONESBORO, ARKANSAS AUTHORIZING THE OFFER AND ACCEPTANCE TO PURCHASE RIGHT-OF-WAY AT 3229 S CARAWAY ROAD FOR THE PURPOSE OF CONSTRUCTING AND MAINTAINING ROADWAY IMPROVEMENTS
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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the following described right-of-way for the purpose of constructing and maintaining roadway improvements:
PERMANENT RIGHT-OF-WAY BEING A PART OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 32, TOWNSHIP 14 NORTH, RANGE 04 EAST, JONESBORO, CRAIGHEAD COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE EAST QUARTER CORNER OF SECTION 32, TOWNSHIP 14 NORTH, RANGE 04 EAST, JONESBORO, CRAIGHEAD COUNTY, ARKANSAS; THENCE NORTH 00°00'00" EAST, 1505.55 FEET; THENCE NORTH 90°00'00" WEST, 28.38 FEET TO THE POINT OF BEGINNING PROPER; THENCE SOUTH 89°20'27" WEST, 21.17 FEET; THENCE NORTH 00°51'41" EAST, 98.38 FEET;
THENCE NORTH 88°30'47" EAST, 20.91 FEET; THENCE SOUTH 00°42'09" WEST, 98.68 FEET TO THE POINT OF BEGINNING PROPER, CONTAINING 2072 SQ. FT., MORE OR LESS, SUBJECT TO ALL RIGHTS-OF-WAY AND EASEMENTS OF RECORD.
WHEREAS; an Offer has been made and accepted to the sell the above described property for the price of $60,041.40.
WHEREAS; the attached Offer and Acceptance will be executed upon passage of this resolution.
WHEREAS; the funding for this purchase shall come from the Capital Improvement Revenue Bonds budget.
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 to execute the documents necessary to effectuate this transaction.