Title:
|
A RESOLUTION AUTHORIZING THE CITY OF JONESBORO TO PURCHASE PROPERTY FOR A LAW ENFORCEMENT FACILITY AND APPROPRIATE RESTRICTED FUNDS FOR THE POLICE DEPARTMENT
WHEREAS, the Jonesboro Police Department currently utilizes the property under a lease agreement that contains an option to purchase the property for $825,000 beginning in the second year of said agreement; and
WHEREAS, the facility currently houses law enforcement personnel following the destruction of city owned property in the March 2020 tornado and has proven to be a beneficial space worthy of investment; and
WHEREAS, there is a need to proceed with purchasing the property in order to fully benefit from insurance and disaster relief funding available for facility replacement stemming from the 2020 tornado event; and
WHEREAS, Insurance proceeds received to this point will provide sufficient funding to acquire the property and make moderate improvements to the interior of the structure.
BE IT RESOLVED BY THE CITY COUNCIL OF...
|
Indexes:
|
Agreement, Contract, Property purchase - real
|