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RESOLUTION BY THE JONESBORO CITY COUNCIL TO PURCHASE PROPERTY LOCATED AT 1215 NORTH MAIN STREET FROM SWATEL 3601 LLC
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WHEREAS, the City of Jonesboro desires to purchase property located at 1215 North Main Street, Jonesboro, Arkansas and owned by SWATEL 3601 LLC; and
WHEREAS, the above property is part of the city-adopted Corps of Engineers Master Drainage Plan for this area; and
WHEREAS, the owner has agreed to sell the property for $175,000 plus normal closing costs; and
WHEREAS, the funding for this purchase shall come from the Capital Improvement Fund - miscellaneous drainage line item of the 2025 budget.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:
SECTION 1: The City of Jonesboro, Arkansas shall contract with SWATEL 3601 LLC for the purchase of property located at 1215 North Main Street, Jonesboro, Arkansas, for $175,000.00 plus normal closing costs.
SECTION 2: The City of Jonesboro is approved to take necessary actions to finalize contractual necessities and administrative tasks associated with purchase of the property.
SECTION 3: A copy of the Real Estate Contract is attached hereto.
SECTION 4: The Mayor, Harold 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 purchase.