Title
A RESOLUTION TO THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR AND CITY CLERK TO PURCHASE PROPERTY LOCATED AT 3104 NESTLE WAY, JONESBORO, ARKANSAS FOR THE PURPOSE OF ROAD CONSTRUCTION
Body
WHEREAS, the City of Jonesboro, Arkansas desires to purchase the property located at 3104 Nestle Way, Jonesboro, Arkansas for the purpose of road construction
WHEREAS, an Offer has been made and accepted by Matthew McGarity dated June 18, 2010 agreeing to sell his property located at 3104 Nestle Way, Jonesboro, Arkansas more particularly described as follows:
A PART OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER SECTION 32, TOWNSHIP 14 NORTH, RANGE 5 EAST, JONESBORO, CRAIGHEAD COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF SAID SECTION 32; THENCE SOUTH ALONG THE WEST LINE OF SAID NORTHEAST QUARTER A DISTANCE OF 400 FEET; THENCE EAST A DISTANCE OF 40 FEET TO THE EXISTING RIGHT-OF-WAY OF NESTLE WAY; THENCE NORTH ALONG THE EXISTING RIGHT-OF-WAY A DISTANCE OF 286.3 FEET TO THE POINT OF BEGINNING; THENCE NORTHEASTERLY ALONG A CURVE TO THE RIGHT, HAVING A RADIUS OF 75 FEET, A DISTANCE OF 116.5 FEET TO A POINT ON THE EXISTING SOUTH RIGHT-OF-WAY OF C. W. POST ROAD; THENCE WEST ALONG THE EXISTING RIGHT-OF-WAY A DISTANCE OF 73.7 FEET TO THE EXISTING EAST RIGHT-OF-WAY OF NESTLE WAY; THENCE SOUTH ALONG THE EXISTING EAST RIGHT-OF-WAY A DISTANCE OF 73.7 FEET TO THE POINT OF BEGINNING, CONTAINING 0.03 ACRES.
WHEREAS, the funding for the purchase of this property shall come from appropriated grant fund.
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 $1,000.00 to come from appropriated grant fund.
PASSED AND APPROVED this 20th day of July, 2010.