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RES NO 04-05-1987 4 8 1 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. .3" ,1987 A RESOLUTION AUTHORIZING THE MAYOR TO PROCEED WITH THE POINTER TRAIL PROJECT, AHTD JOB 4941. WHEREAS, The Highway Commission plans to open bids on the Project on May 6, 1987; and WHEREAS, The estimated total City Share Remaining is $228,630: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT, The Mayor is authorized to remit $128,630 to the Highway Department and to negotiate with the Depart- ment for two final payments of $50,000 each after January 1st of the next two years. PASSED AND APPROVED THIS 20th DAY OF April 19 87 4 i ,7 ATTESTED: CITY CLERK TREASURER