RES NO 11-01-1998 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. -1998
A RESOLUTION AUTHORIZING THE PURCHASE OF STREET RIGHT -OF -WAY.
WHEREAS, The City of Van Buren desires to construct a street upon
territory not yet developed in order to help alleviate the
traffic congestion along Arkansas Highway 59 North; and,
WHEREAS, The property desired as street right -of -way has been
appraised by a certified appraiser at a fair market value of
$33,000.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF VAN BUREN, ARKANSAS
SECTION 1: That the Mayor and City Clerk are hereby authorized, on
behalf of the City of Van Buren, to purchase from the owner,
Elaine Copsey for the amount of $33,000.00, which is the
fair market value, the street right -of -way described as follow:
SEE ATTACHED LEGAL DESCRIPTION
and to accept a Deed thereto.
PASSED AND APPROVED THIS a R DAY OF 4'O V e 1998.
MAY
ATTESTED:
/14
CITY CL- ER IQTREASURER