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A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE AGREEMENT FOR PROPERTY LOCATED AT 107 FLINT STREET
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WHEREAS, has utilized facilities located at 107 Flint Street to house the Street, Sanitation, and Planning Departments; and
WHEREAS, the current Lease Agreement is to end on the 30st day of April, 2008; and
WHEREAS, the City of Jonesboro desires to continue the use of this real property; and
WHEREAS, Northstar Industries, Inc./Best Diversified Products has agreed to a lease of said property through the 31st day of October 2008 for a monthly rental of $6,500.00.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Jonesboro, Arkansas that:
Section 1: The City of Jonesboro agrees to the terms and conditions of the lease attached as Exhibit A.
Sections 2: The Mayor and City Clerk are hereby authorized to execute such documents as are necessary to effectuate this agreement.
PASSED AND APPROVED this 3rd day of June, 2008.