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RES NO 622-83 RESOLUTION1 NO. 622 -83 A RESOLUTION OF THE URBAN RENEWAL COMMISSION OF THE URBAN RENEWAL AGENCY OF THE CITY OF VAN BUREN, ARKANSAS. AUTHORIZING THE ACCEPTANCE OF THE BID OF Tom Moore and Larry Jones FOR THE PURCHASE OF prope located at 11,13,15 and 17 Tafayette Street, Van Buren, Arkansas. WHEREAS, the Urban Renewal Agency was duly authorized by Resolution of the City Council of the City of Van Buren on the 3rd day of June, 1968, a copy of which is on file in the office of the City Clerk of the City of Van Buren, Arkansas, including the necessary certificate evidencing the appointment of the commissioners and designation of the first chairman and vice chairman pursuant to Acts 1945, Number 212 as added by Acts 1961, Number 40 of Arkansas; and, WHEREAS, the Urban Renewal Commission was duly organized by Resolution of the Urban Renewal Agency of the City of Van Buren on the 9th day of October, 1968, including the by -laws and terns of office; and, WHEREAS, the Urban Renewal Agency of the City of Van Buren, Arkansas, is the owner and hilder of record of fee simple title to certain real property located in the Project Area, and, WHEREAS, pursuant to the Urban Renewal Plan and Act 40, Acts of General Assembly, State of Arkansas, 1961, of the State of Arkansas, the Urban Renewal Agency of 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 at 11, 13, 15 17 Lafayette St. on 4 -7 -83 in accordance with the approved land disposal procedures; and, WHEREAS, on April 21 1983 the City of'Van Buren received a bid of $4,900.00 from Tom Moore and Larry Jones WHEREAS, the Urban Renewal Commission finds it in the best interest of the Urban Renewal Agency of the City of Van Buren to accept Tom Moore and Tarry Jones bid on 11, 13, 15 1/ Lafayette Street in the amount of $4,900.00 NOW THEREFORE, BE IT RESOLVED BY THE URBAN RENEWAL COMIISSION OF THE URBAN RENEWAL AGENCY OF THE CITY OF VAN BUREN, ARKANSAS: I. That the Secretary and Chairman of the Urban Renewal Agency of the City of Van Buren are hereby authorized to execute a Special Warranty Deed for the sale of the following disposition parcel at the listed bid price. LEGAL DESCRIPTION SIZE USE PRICE Lots 1,2,3,4,5, and 6, 45,000 sq. ft. R 2 $4,900.00 Block 10, Knox Addition, Van Buren, Crawford County, Arkansas. II. That the acceptance of this bid is in accordance with the approved land Q disposition program. PASSED AND APPROVED BY THE URBAN RENEWAL COMMISSION OF THE URBAN RENEWAL AGENCY OF THE CITY OF VAN BUREN, ARKANSAS, THIS THE 22nd DAY OF April 1 1983 ATTEST: Setretary irman 2 CO lJz PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS, HIS THE 25 th DAY OF April 19 83 o 7- ATTEST: C CITY CLERK R