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A RESOLUTION BY THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR TO ENTER INTO A CONTRACT WITH TRUMANN FLEX SPACE, LLC TO SELL PROPERTY LOCATED IN THE CITY LIMITS OF JONESBORO
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WHEREAS, the City of Jonesboro is owner of certain real property, which is described below:
Parcel: 01-144361-00300
Legal: A PART OF THE NORTHEAST QUARTER OF SECTION 36, TOWNSHIP 14 NORTH, RANGE 4 EAST, CRAIGHEAD COUNTY, ARKANSAS , BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT 1, JOHN STUCKEY MINOR PLAT, AS RECORDED IN BOOK “C”, PAGE 386 IN THE PUBLIC RECORDS FOR CRAIGHEAD COUNTY, THENCE SOUTH 01°02’30” WEST, ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 1,223.95 FEET TO THE SOUTHWEST CORNER OF SAID LOT 1; THENCE SOUTH 89°40’02” WEST, DEPARTING SAID WEST LINE, A DISTANCE OF 70.02 FEET TO A POINT; THENCE NORTH 00°53’03” EAST, A DISTANCE OF 1,245.49 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY OF C.W.POST ROAD; THENCE NORTH 89°22’48” EAST, ALONG SAID SOUTHERLY RIGHT-OF-WAY, A DISTANCE OF 70.03 FEET TO THE POINT OF BEGINNING, CONTAINING SOME 85,670 SQ. FT. OF 1.97 ACRES, MORE OR LESS. SUBJECT TO ALL RESERVATIONS, RESTRICTIONS, RIGHTS-OF-WAY AND EASEMENTS OF RECORD.
WHEREAS, Trumann Flex Space, LLC desires to purchase the above described property; and
WHEREAS, the City of Jonesboro has agreed to sell the above described 1.91 acres of property to Trumann Flex Space, LLC in accordance with the terms set out in the attached Offer and Acceptance for the purchase price of $5,000.00.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section1. The Mayor and City Clerk are hereby authorized by the City Council for the City of Jonesboro, Arkansas to execute all documents necessary to effectuate this transfer.
PASSED AND APPROVED THIS 17TH DAY OF SEPTEMBER 2024.