File #: RES-14:161    Version: 1 Name: Property purchase at 1 North Rogers
Type: Resolution Status: Passed
File created: 9/30/2014 In control: Finance & Administration Council Committee
On agenda: Final action: 10/9/2014
Title: RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS TO ENTER INTO A CONTRACT TO PURCHASE PROPERTY LOCATED ON LOTS 24 AND 25 OF PYLE 2ND ADDITION; COMMONLY KNOWN AS 1 NORTH ROGERS FROM COLDWELL BANKER, DENVER DUDLEY AGENT
Sponsors: Mayor's Office
Indexes: Property purchase - real
Attachments: 1. Real Estate Contract 1 N. Rogers, 2. Exhibit A Pyle 2nd Edition, 3. Building Facilities Meeting Minutes Sept. 15, 2014, 4. Rogers_14 Warranty Deed
Title
RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS TO ENTER INTO A CONTRACT TO PURCHASE PROPERTY LOCATED ON LOTS 24 AND 25 OF PYLE 2ND ADDITION; COMMONLY KNOWN AS 1 NORTH ROGERS FROM COLDWELL BANKER, DENVER DUDLEY AGENT
Body
WHEREAS, the City of Jonesboro desires to enter into a contract to purchase the property located on Lots 24 and 25 of Pyle 2nd Addition more commonly known as 1 N. Rogers, Jonesboro, Arkansas owned by Coldwell Banker (Denver Dudley, Agent);
WHEREAS, the cost for the purchase of said property is $60,000.00 plus normal closing costs; and
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
1.      The City of Jonesboro, Arkansas shall contract with Coldwell Bankers (Denver Dudley, Agent) for the purchase of the property located in Jonesboro, Arkansas for the purchase of $60,000.00 plus normal closing costs.
2.      A copy of the Real Estate Contract is attached hereto.
3.      The Mayor, Harold Perrin, and City Clerk, Donna Jackson, are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate this agreement.
 
PASSED AND APPROVED this 9th day of October, 2014.