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RESOLUTION AUTHORIZING CITY OF JONESBORO MAYOR TO RELEASE THE LIEN ON PROPERTY AS DESCRIBED: LOT 1 OF THE REPLAT OF LOT 5 AND THE 2ND REPLAT OF LOTS 1 AND 2 BEACON AND BRIDGES 2ND ADDITION TO THE CITY OF JONESBORO, ARKANSAS AS SHOWN BY PLAT RECORDED IN PLAT CABINET "C" PAGE 207 AT JONESBORO, ARKANSAS AND BEING SUBJECT TO EASEMENTS AS SHOWN ON RECORDED PLAT
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WHEREAS, the City of Jonesboro placed a lien on said property August 12, 2008 to enforce requirements sat forth by HUD federal guidelines for property acquisition; and
WHEREAS, said property was purchased for Beacons and Bridges utilizing CDBG funds; and
WHEREAS, said property was to be utilized by Beacons and Bridges to construct new homes and sold to low income residents; and
WHEREAS, a single family home was constructed and now has been sold according to HUD requirements.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: The Mayor of Jonesboro, Arkansas is now authorized to release the lien on said property described here; and
Section 2: The Mayor and City Clerk of Jonesboro, Arkansas are authorized to execute any and all documents necessary to effectuate the release of said lien.
PASSED AND APPROVED this 7th day of April, 2015.