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A RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH THE NORTH JONESBORO COMMUNITY DEVELOPMENT CORPORATION (NJCDC) TO LEASE SPACE AT 911 MAGNOLIA ROAD
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WHEREAS, the City of Jonesboro acquired donated property from Magnolia Road Baptist Church in June 2025; and
WHEREAS, the City of Jonesboro, Arkansas and the NJCDC desire to enter into a lease agreement for property located at 911 Magnolia Road, Jonesboro, Arkansas; and
WHEREAS, the NJCDC is a local independent non-profit in good standing with its own Board of Directors and bylaws; and
WHEREAS, in keeping with the request of the membership, Friends and Neighbors Network (FANN) and The Diaper Storehouse will continue to operate through an approved sublease as provided by the attached lease agreement; and
WHEREAS, said lease agreement is attached hereto and the terms set out therein;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
1. The City of Jonesboro approves the Lease Agreement with NJCDC for property located at 911 Magnolia Road, Jonesboro Arkansas. That the term of the Agreement shall be for a period of one year and the rental cost for the space shall be $1.00 to be paid annually. All other details of the agreement are set out in the attachment.
2. The Mayor 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.