Title
A RESOLUTION TO THE CITY COUNCIL OF JONESBORO, ARKANSAS AUTHORIZING THE OFFER AND ACCEPTANCE TO PURCHASE ADDITIONAL RIGHT-OF-WAY LOCATED AT 3718 HILL DRIVE (TRACTS 6 & 7), JONESBORO, ARKANSAS FOR THE PURPOSE OF THE CONSTRUCTING AND MAINTAINING A CITY STREET
Body
WHEREAS, the City of Jonesboro, Arkansas desires to purchase the following described right-of-way for the purpose of constructing and maintaining a city street:
A PART OF LOT 8 OF LOYD SUBDIVISION TO THE CITY OF JONESBORO, CRAIGHEAD COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF LOT 8 OF LOYD SUBDIVISION TO THE CITY OF JONESBORO, CRAIGHEAD COUNTY, ARKANSAS: THENCE SOUTH 00°42'21" WEST ALONG THE EAST LINE OF SAID LOT 8, A DISTANCE OF 15.00 FEET: THENCE SOUTH 89°44'13" WEST DEPARTING SAID EAST LINE A DISTANCE OF 204.09 FEET TO A POINT ON THE WEST LINE OF SAID LOT 8: THENCE NORTH 00°39'42" EAST ALONG SAID WEST LINE A DISTANCE OF 15.00 FEET TO THE NORTHWEST CORNER OF LOT 8, AFORESAID: THENCE NORTH 89°44'13" EAST ALONG THE NORTH LINE OF SAID LOT 8, A DISTANCE OF 204.10 FEET TO THE POINT OF BEGINNING.
CONTAINING IN ALL 3,061 SQ. FT. OR 0.070 ACRES, MORE OR LESS.
SUBJECT TO EASEMENTS, RESTRICTIONS, RESERVATIONS AND RIGHTS-OF-WAY OF RECORD.
A PART OF LOT 7 OF LOYD SUBDIVISION TO THE CITY OF JONESBORO, CRAIGHEAD COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF LOT 7 OF LOYD SUBDIVISION TO THE CITY OF JONESBORO, CRAIGHEAD COUNTY, ARKANSAS: THENCE NORTH 00°39'42" EAST ALONG THE WEST LINE OF LOT 7, AFORESAID, A DISTANCE OF 15.00 FEET: THENCE NORTH 89°44'13" EAST DEPARTING SAID WEST LINE A DISTANCE OF 204.13 FEET TO A POINT ON THE EAST LINE OF SAID LOT 7: THENCE SOUTH 00°42'21" WEST ALONG SAID EAST LINE A DISTANCE OF 15.00 FEET TO THE SOUTHEAST CORNER OF SAID LOT 7: THENCE SOUTH 89°44'13" WEST DEPARTING SAID EAST LINE A DISTANCE OF 204.12 FEET TO THE POINT OF BEGINNING.
CONTAINING IN ALL 3,062 SQ. FT. OR 0.070 ACRES, MORE OR LESS.
WHEREAS, an Offer has been made and accepted to the sell the above described right-of-way for the price of $4,592.00.
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, ARKANSAS THAT:
Section 1: The Mayor and City Clerk are hereby authorized to execute the documents necessary to effectuate this transaction.
PASSED AND APPROVED this 18th day of September, 2018.