File #: RES-23:147    Version: 1 Name: TO PURCHASE PROPERTY FOR A LAW ENFORCEMENT FACILITY AND APPROPRIATE RESTRICTED FUNDS FOR THE POLICE DEPARTMENT
Type: Resolution Status: Passed
File created: 8/2/2023 In control: Finance & Administration Council Committee
On agenda: Final action: 9/5/2023
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...
Sponsors: Mayor's Office, Police Department
Indexes: Agreement, Contract, Property purchase - real
Attachments: 1. IND_DES_2_COJ_Contract, 2. 907 Congress Cir. Jonesboro AR - Appraisal

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 THE CITY OF JONESBORO, ARKANSAS, THAT:

SECTION 1: The City Council approves the purchase of a police facility for the amount of $825,000 utilizing insurance funds received from the 2020 tornado event. 

SECTION 2: 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 SEPTEMBER, 2023.