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A RESOLUTION TO THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 1504 E. JOHNSON, JONESBORO, ARKANSAS FOR THE PURPOSE OF PUBLIC SAFETY
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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 1504 E. Johnson, Jonesboro, Arkansas for the purpose of public safety.
WHEREAS, an Offer has been made and accepted by Judith Chester dated December 15, 2010 agreeing to sell her property located at 1504 E. Johnson, Jonesboro, Arkansas more particularly described as follows:
LOTS 6 THRU 15 OF BLOCK B OF PYLE REPLAT OF BLOCK B OF PYLE ADDITION TO THE CITY OF JONESOBOR, CRAIGHEAD COUNTY, ARKANSAS RECORDED IN THE PUBLIC RECORDS IN JONESBORO, CRAIGHEAD COUNTY, ARKANSAS CONTAINING IN ALL 138,490 SQ. FT. OR 3.18 ACRES, MORE OR LESS.
WHEREAS, the funding for the purchase of this property shall come from capital improvements.
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 $125,000.00 to come from capital improvements.
PASSED AND APPROVED this 21st day of December, 2010.