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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.
PASSED AND APPROVED THIS 6TH DAY OF MAY 2025.