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RESOLUTION BY THE JONESBORO CITY COUNCIL TO PURCHASE PROPERTY LOCATED AT 1100 SOUTH CULBERHOUSE STREET FROM JOHN C. DEACON JR. AND AMEND THE FY2024 BUDGET
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WHEREAS, the City of Jonesboro desires to purchase property located at 1100 South Culberhouse Street, Jonesboro, Arkansas and owned by John C. Deacon Jr.; and
WHEREAS, the above property is located immediately to the East of City Water & Light Park and will allow for future expansion of the park as needed; and
WHEREAS, the owner has agreed to sell the property for $55,000 plus normal closing costs; and
WHEREAS, the purchase has been researched and endorsed by the City of Jonesboro Land Bank Commission as a property worthy of purchase.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:
SECTION 1: The City of Jonesboro, Arkansas shall contract with John C. Deacon Jr. for the purchase of property located at 1100 South Culberhouse Street, Jonesboro, Arkansas, for $55,000.00 plus normal closing costs.
SECTION 2: The City of Jonesboro Land Bank Commission is approved to take necessary actions to finalize contractual necessities and administrative tasks associated with purchase of the property.
SECTION 3: A copy of the Real Estate Contract is attached hereto.
SECTION 4: The FY24 Land Bank Budget will be amended to reflect this purchase.
SECTION 5: The Mayor, Harold Copenhaver, and City Clerk, April Leggett, are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this purchase.
PASSED AND APPROVED THIS 5TH DAY OF DECEMBER 2024.