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A RESOLUTION OF THE CITY OF JONESBORO, ARKANSAS AUTHORIZING THE MAYOR TO ENTER INTO A CONTRACT WITH THE ARKANSAS STATE HIGHWAY COMMISSION, AN AGENCY OF THE STATE OF ARKANSAS, TO SELL PROPERTY LOCATED IN THE CITY LIMITS OF JONESBORO
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WHEREAS, the City of Jonesboro is owner of certain real property, which is described below:
Part of Lot 10 of Jonesboro Industrial Mini Park to the City of Jonesboro, Township 14 North, Range 4 East, Craighead County, Arkansas, more particularly described as follows:
BEGINNING at a two inch pipe with cap being used as the Southwest corner of Lot 10 of Jonesboro Industrial Mini Park, which is also on the Easterly right of way line of Arkansas State Highway 18 Spur as established by the Plat of Jonesboro Industrial Mini Park recorded in Deed Book B, Page 52; thence North 00°43’40” East along said right of way line a distance of 109.90 feet to a point; thence in a Northeasterly direction along said right of way line on a curve to the right having a radius of 40.91 feet a distance of 43.00 feet having a chord bearing of North 30°50’18” East a distance of 41.05 feet to a point on the Easterly right of way line of Arkansas State Highway 18 Spur as established by ARDOT Job 100657; thence South 00°24’57” West along said right of way line a distance of 144.94 feet to a point on the South line of Lot 10 of Jonesboro Industrial Mini Park; thence South 89°26’46” West along said South line a distance of 21.39 feet to the point of beginning and containing 2,834 square feet more or less as shown on plans prepared by the ARDOT referenced as Job 100657.
WHEREAS, the Arkansas State Highway Commission desires to purchase the above described property;
WHEREAS, the City of Jonesboro has agreed to sell the above described property to the Arkansas State Highway Commission in accordance with the terms set out in the attached “Contract to Sell” for the purchase price of $8,525.00.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY ...
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