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Minutes for the City Council meeting on May 1, 1989
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PUBLIC HEARING
A Public Hearing was held regarding the abandonment of an alley running east and west between lots 1-7 and lots 8-13 in Block 1 of Gregg & Houghton’s Subdivision at 7:00 p.m. Attorney Skip Mooney represented the abutting property owners, with the exception of the city. He stated Ark La has a gas line in the alley, south of Matthews and West of Kitchen. Ark La would retain utility rights. Aldermen Stricklin asked for an agreement whereby the City would continue to have access to the Parks Dept. building until such time as it is sold. Mr. Mooney stated the property owners would be in agreement with said stipulation and would have it in writing prior to the final reading.
CITY COUNCIL MINUTES - MAY 1, 1989
The Jonesboro City Council met in regular session at 7:30 p.m. Present were Mayor, City Clerk, City Attorney and all Aldermen.
The minutes of April 17, 1989, were approved as mailed on motion by Mr. Stricklin, seconded by Mr. Nix. All voted aye.
The Mayor welcomed Boy Scouts in attendance from Troop 4 of Knights of Columbus with Scout Aaron Brodell leading the Pledge of Allegiance. Ron Shoemaker led the invocation.
The Mayor reported on the recent court settlement concerning the Old Crane Co. Plant located at 3501 Airport Rd., which was sold to the Farr Co. The City received financial assistance from Jonesboro Unlimited and the Jonesboro Industrial Development Commission to clean the plant site for resale. The settlement amount is $325,000 with legal fees totaling $49,000 and a net of $276,000. With the net amount currently on deposit drawing interest, there is approximately $280,000 in the account to be disbursed with the amount to be paid on note up to $80,000 or the lesser of the amount due. The amount $280,000 was placed in escrow as part of the settlement agreement. JIDC should receive approximately $79,620 as its share of the settlement. Mr. Sanderson moved, seconded by Mr. ...
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