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RES NO 08-07-1983 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 7'4 -1983 0 A RESOLUTION ACCEPTING THE BID OF TIM BROWN FOR THE PURCHASE OF PROPERTY LOCATED IN THE 200 BLOCK OF WASHINGTON STREET, VAN BUREN, ARKANSAS. WHEREAS, The City of Van Buren, Arkansas, is the owner and holder of record of fee simple title to certain real property located in the Project Area; and WHEREAS, The City of Van Buren, Arkansas, is authorized to sell individual portions of land in the Project Area; and WHEREAS, A public offering of the property located in the 200 Block of Wash- ington Street on 4 -7 -83, in accordance with the approved land dis- posal procedures; and WHEREAS, On July 27, 1983, the City of Van Buren, Arkansas, received a bid of $5,500.00 from Tim Brown; and WHEREAS, The City of Van Buren finds it in the best interest of the City of Van Buren to accept Tim Brown's bid on the Washington Street Property in the amount of $5,500.00. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF VAN BUREN, ARKANSAS: THAT, The Mayor and City Clerk of the City of Van Buren are hereby author- ized to execute a Special Warranty Deed for the sale of the following disposition parcel at the listed bid price: LFGAL DESCRIPTION SIZE USE PRICE Lots 1,2,3,4,5, and 6, 45,000 Sq. Ft. R -2 $5,500.00 Block 10, Knox Addition, Van Buren, Crawford County, Arkansas. THAT, The acceptance of this bid is in accordance with the approved land disposition program. PASSED AND APPROVED THIS 22nd DAY OF August 19 YOR AT JESTED: 4 3n--0 4 .1..-C,4-rt CLERK TREASURER