File #: RES-24:005    Version: 1 Name: ENTER INTO A CONTRACT TO ACQUIRE PROPERTY LOCATED AT 405/411 MCDANIEL FROM THE PROPERTY OWNER, REDBIRD INVESTMENTS, LLC
Type: Resolution Status: Passed
File created: 1/24/2024 In control: City Council
On agenda: 2/6/2024 Final action: 2/6/2024
Title: RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, TO ENTER INTO A CONTRACT TO ACQUIRE PROPERTY LOCATED AT 405/411 MCDANIEL FROM THE PROPERTY OWNER, REDBIRD INVESTMENTS, LLC
Sponsors: Land Bank Commission, Finance
Indexes: Agreement, Contract, Property Donation - Land Bank
Attachments: 1. 405 & 411 McDaniel - App, 2. 405 & 411 McDaniel - Appraisal, 3. Limited Title Search - 405&411 McDaniel, 4. Dec. 12, 2023 Land Bank Minutes

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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, TO ENTER INTO A CONTRACT TO ACQUIRE PROPERTY LOCATED AT 405/411 MCDANIEL FROM THE PROPERTY OWNER, REDBIRD INVESTMENTS, LLC

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WHEREAS, the City of Jonesboro desires to acquire property located at 405/411 McDaniel, Jonesboro, Arkansas and owned by Redbird Investments, LLC; and


WHEREAS, the Jonesboro Senior Planner is authorized to obtain property donation requests on behalf of the Jonesboro Land Bank Commission;


WHEREAS, the Jonesboro Land Bank held a regular meeting on December 12, 2023 and voted unanimously to recommend the acceptance of the donation of the property located at 405/411 McDaniel, Jonesboro, Arkansas.


NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:


SECTION 1: The City of Jonesboro, Arkansas hereby accepts from Redbird Investments, LLC the donation of property located at 405/411 McDaniel, Jonesboro, Arkansas.


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 the acceptance of this donation.

PASSED AND APPROVED THIS 6TH DAY OF FEBRUARY 2024.