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RES NO 11-03-2025 CITY OF VAN BUREN1,ARKANSAS RESOLUTION NO. 1 1 - V-2025 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS,A RESOLUTION TO BE ENTITLED: A RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK-TREASURER TO REMOVE AND DISPOSE OF CERTAIN FIXED ASSETS FROM THE CITY OF VAN BUREN'S FIXED ASSET INVENTORY, BY SEALED BID, AUCTION OR OTHER METHODS AUTHORIZED UNDER THE LAW,AND FOR OTHER PURPOSES. WHEREAS, The City of Van Buren has certain fixed assets on its Fixed Asset Inventory List which are obsolete, and/or beyond repair, and are no longer cost effective, so as to no longer be needed by the city; and WHEREAS, after an inventory of fixed assets, it is therefore recommended by our State Auditor that said items or item be removed from the City's Fixed Asset Inventory and disposed of by sealed bid, auction or as otherwise authorized under A.C.A 14-54-302. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,ARKANSAS, THAT: SECTION I: The Mayor and City Clerk-Treasurer are hereby authorized to remove the following asset or assets from the Fixed Asset Inventory: Department Amount Description Control# Street Dept $10,000 Kent Hydraulic Breaker KF9TLB ST-255 Street Dept $20,000 1996 580 SL Case Backhoe ST-123 IN WITNESS WHEREOF,the City of Va Buren,Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 5 for and against,the foregoing Resolution at its regular meeting held on the 24ffi day of November 2025. J\perk Tie ds�� Jos Hurst w� yor City of Van Buren ATTE ED: APPROVED AS FO d r� Shawnna keynolds ounty. Jacob Howell City Clerk/Treasurer City Attorney = Uity of Vwi Bw-en, Arkansas municipad 1003 Broadway . Van Buren, Arkansas 72956 FIXED ASSET FORM This faun is used to register or dispose ofs fixed Asset or to make changes to sn existing ftzed asset IfGtf Council approval is needed,please include this foam with the consideration request Resolution 02-02-2024FiredAsset,is hereby defined as an asset of durable nature,which is expected to be used for a period greater than three years,and total cost(including tax,freight,installation)of$3,000.00 or more and includes land,land improvement,buildings, equipment,furniture,tools,vehicles etc.but does not include computer software. DATE 11/19/2025 ACQUIRE ]DISPOSE DONATION OTHER (Circle One) TRANSFERRED FROM _ _ TO _ (IfApp-kable) DEPARTMENT Street Dept FIXED ASSET NUMBER ST123 (Verify with City Clerk's O&fce) AMOUNT OF PURCHASE,SALE,OR FAIR MARKET VALUE ,O 00 INSURANCE REQUIRED (Circle One) YES / IF YES,WHO WILL ADD TO INSURANCE? (Circle One) YOU / CLERK'S OFFICE RESOLUTION/ORDINANCE NO (IfAppAcable) SERIAL or VIN NUMBER Ser#JJ G0194930 DESCRIPTION (Attach Documentation)1 996 580_SL- C'aSe Bcackhoe DEPT APPROVAL MAYOR APPROVAL j .. .. : .-ta al C'011'1P1t-%'X 1003 Broadway • Van Buren, Arkansas 72956 FIXED ASSET FORM This foam is used to register or dispose ofa fixed asset or to make changes to sn existing fixed ssset If0ty Councd appmvsl is needed,please include this fa=mitt the consideration.request. Resolution 02-02.2024FtsedAsset is hereby defined as an asset of durable nature,which is expected to be used for a period greater than three years,and total cost(including tax,freight,installation)of$3,000.00 or more and includes land,land improvement,buildings,equipment, furniture,tools,vehicles etc,but does not include computer software. DATE 11/19/2025 ACQUIRE $ISPQSV, DONATION OTHER (Circle One) TRANSFERRED FROM (IfApplicsble) DEPARTMENT Street Dept FIXED ASSET NUMBER ST255 (Verify with City Clerk's OHce) AMOUNT OF PURCHASE,SALE, OR FAIR MARKET VALUE $ I(),bOQ INSURANCE REQUIRED (Circle One) YES / NO IF YES,WHO WILL ADD TO INSURANCE? (Circle One) YOU / CLERK'S OFFICE RESOLUTION/ORDINANCE NO (IfApplicsble) SERIAL or VIN NUMBER`S' er#5146 DESCRIPTION (AttscbDocumentstion) Kent Hydraulic Breaker KF9TLB DEPT APPROVAL_ /��t. X.e; MAYOR APP ROVAL