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A RESOLUTION BY THE CITY COUNCIL OF JONESBORO, ARKANSAS AUTHORIZING THE OFFER AND ACCEPTANCE TO PURCHASE ADDITIONAL RIGHT-OF-WAY AT 101 MARK STREET FOR THE PURPOSE OF THE CONSTRUCTING AND MAINTAINING PEDESTRIAN AND BICYCLE INFRASTRUCTURE IMPROVEMENTS
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WHEREAS, the City of Jonesboro, Arkansas desires to purchase the following described right-of-way for the purpose of constructing and maintaining pedestrian and infrastructure improvements:
PART OF LOT 1 OF REES REPLAT OF LOTS 1 AND 2 OF RUTH ANN SUBDIVISION, JONESBORO, CRAIGHEAD COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF LOT 1 OF REES REPLAT OF LOTS 1 AND 2 OF RUTH ANN SUBDIVISION, JONESBORO, CRAIGHEAD COUNTY, ARKANSAS; THENCE NORTH 68°31'58" EAST, 76.59 FEET; THENCE SOUTH 19°46'08" EAST, 5.34 FEET; THENCE SOUTH 69°06'42" WEST, 78.29 FEET; THENCE NORTH 00°41'52" EAST, 4.91 FEET TO THE POINT OF BEGINNING, CONTAINING 383 SQ. FT., MORE OR LESS, SUBJECT TO ALL RIGHTS-OF-WAY AND EASEMENTS OF RECORD.
WHEREAS, an Offer has been made and accepted to the sell the above described property for the price of $1,149.00.
WHEREAS, the attached Offer and Acceptance will be executed upon passage of this resolution.
WHEREAS, the funding for this purchase shall come from the Capital Improvement budget.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO THAT:
Section 1: The Mayor and City Clerk are hereby authorized to execute the documents necessary to effectuate this transaction.