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A RESOLUTION TO ACCEPT A MAINTENANCE AGREEMENT FOR STORMWATER MANAGEMENT FACILITIES FOR PLAT OF CONSOLIDATION SOUTHERN BANK, A COMMERCIAL DEVELOPMENT
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WHEREAS, the Section 112-157 of the Jonesboro Municipal Code requires that a Maintenance Agreement be executed between the Developer and the City prior to recording the final plat;
WHEREAS, Southern Bank has submitted a Maintenance Agreement for Stormwater Management Facilities for Plat of Consolidation for Southern Bank development;
WHEREAS, the City Engineer and City Attorney have reviewed the attached Maintenance Agreement and find it to be in compliance with the Stormwater Management Regulations.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: That the City of Jonesboro accepts a Maintenance Agreement for Stormwater Management Facilities with Southern Bank and authorizes the filing of a record plat for Plat of Consolidation for Southern Bank development.
Section 2: The Mayor and the City Clerk are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this agreement.
PASSED AND APPROVED this 18th day of September, 2012.