City of Jonesboro - File #: RES-07:285

• File #: RES-07:285
• Version: 1
• Name: Property purchase at 1040 Ferrell Street from Jason Marshall and Bill Cope
• Type: Resolution
• Status: Passed
• File created: 7/17/2007
• In control: City Council
• Final action: 7/17/2007
• Title: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 1040 FERRELL ST., JONESBORO, ARKANSAS FOR THE PURPOSE OF ESTABLISHING A DETENTION POND.
• Sponsors: Mayor's Office, Public Works
• Indexes: Property purchase - real
• Related files: MIN-07:1657, PD-074

Date	Ver.	Action By	Action	Result
7/17/2007	1	City Council	Passed	Pass

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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 1040 FERRELL ST., JONESBORO, ARKANSAS FOR THE PURPOSE OF ESTABLISHING A DETENTION POND.

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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 1040 Ferrell St., Jonesboro, Arkansas for the purpose of creating a detention pond; And

WHEREAS, an Offer has been made and accepted by Jason Marshall and Bill Cope dated July 6, 2007 agreeing to sell their property located at 1040 Ferrell St., Jonesboro, Arkansas more particularly described as follows:

Portion of Lots 1-2-3-4 Tuff Properties LLC; also known as 1040 Ferrell St. (see attached Legal)

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 $71,000.00 plus other allowable expenses to come from existing appropriations for City Drainage Projects, Account Number 07-100-0152-00. The City of Jonesboro shall furnish a Warranty Deed upon closing.

PASSED AND APPROVED this 17^th day of July, 2007.