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RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK TO BIND THE CITY FOR CONTRACTS CONCERNING IMPROVEMENTS ON THE KATHLEEN STREET INDUSTRIAL PARK
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WHERAS, it is considered desirable and necessary for the economy of Jonesboro and the surrounding area to hasten the industrial development of this community, and
WHEREAS, the City of Jonesboro owns a 289 acre tract of land which was purchased and planned as an industrial park for the City of Jonesboro and know as the Kathleen Street Industrial Park. In order to expedite the acquisition of industries to this area it is necessary that the City Council Industrial Committee and the Jonesboro Chamber of Commerce Committee to work with industries that might be interested in locating in the industrial park;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Jonesboro, that the Mayor and the City Clerk, when required are authorized and directed to sign, seal, execute and deliver and to fully bind the city, thereby to any and all leases, sales, options, or building contracts concerning the land or improvements on the Kathleen Street Industrial Park, located in Section 26 and 27 of Township 14 North, Range 4 East, upon terms or conditions approved by a majority of the City Council Industrial Committee after the same have been submitted with the approval of the Jonesboro Chamber of Commerce Industrial Committee.
The Mayor’s signature on contracts concerning Act 9 bonds, building and lease dated the ______ day of _______________, 19___, is approved and confirmed as binding the City of Jonesboro.
The Mayor and the City Clerk are authorized and directed to issue and sign certificates of indebtness for interim finance for construction of industries which have been approved by the City Council Industrial Committee and the Jonesboro Chamber of Commerce Industrial Committee.
It being found and declared by the City Council and pursuant to Arkansas law, that industrial development is of paramount importance...
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