City of Jonesboro - File #: RES-08:089

• File #: RES-08:089
• Version: 2
• Name: Property purchase at 101 South Floyd from Centerpoint Energy
• Type: Resolution
• Status: Passed
• File created: 5/28/2008
• In control: Public Works Council Committee
• Final action: 8/19/2008
• Title: A RESOLUTION TO THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 101 S. FLOYD ST., JONESBORO, ARKANSAS FOR THE PURPOSE OF CREATING A DETENTION POND.
• Sponsors: Mayor's Office, Public Works
• Indexes: Property purchase - real
• Related files: MIN-08:173, PD-078

Date	Ver.	Action By	Action	Result
8/19/2008	2	City Council	Passed	Pass
8/5/2008	2	Public Works Council Committee	Recommended to Council	Pass

Title

A RESOLUTION TO THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 101 S. FLOYD ST., JONESBORO, ARKANSAS FOR THE PURPOSE OF CREATING A DETENTION POND.

Body

WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 101 S. Floyd St., Jonesboro, Arkansas for the purpose of creating a detention pond; and

WHEREAS, an Offer has been made and accepted by Centerpoint Energy Resources Corp. dated May 21, 2008 agreeing to sell their property located 101 S. Floyd St., Jonesboro, Arkansas more particularly described as follows:

Pt Lot 4  65 x 250 Pt. Lot 5, NE NE SW 65 x 508, commonly known as 101 S. Floyd St.

NOW THEREFORE, BE IT RESOLVED, by the City Council for the City of Jonesboro, Arkansas that:

SECTION 1.  The Mayor and City Clerk are hereby authorized to execute the documents necessary to complete this transaction at a price of $70,000.00 plus other allowable expenses to come from existing appropriations for City Drainage Projects, Account Number 07-100-0152-04.  The City of Jonesboro shall furnish a Warranty Deed upon closing.

PASSED AND ADOPTED this 19^th day of August, 2008.