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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 708 OWENS AVE., JONESBORO, ARKANSAS FOR THE PURPOSE OF ESTABLISHING A DETENTION POND.
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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 708 Owens Ave., Jonesboro, Arkansas for the purpose of creating a detention pond; and
WHEREAS, an Offer has been made and accepted by Charlie Smith, (General Manager of RTK, Inc.) dated May 12, 2007 agreeing to sell their property located at 708 Owens Ave., Jonesboro, Arkansas more particularly described as follows:
Medlin’s Sub Lot 11 Blk B of Cartwright 2nd E15’ Lot 4 & W45’ Lot 5
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 $41,000.00, plus other allowable expenses to come from existing appropriations for City Drainage Projects, Account Number 07-100-0152-00. The City of Jonesboro shall furnish a Warranty Deed upon closing.
PASSED AND APPROVED this 5th day of June, 2007.