RES NO 581-82 RESUI.U'1'1 U:J NO, 581 -82
A RESOLUTION OF THE URBAN RENEWAL CONEMISSION OF THE URBAN RENEWAL AGENCY OF
THE CITY OF VAN BUREN, ARKANSAS. AUTHORIZING THE ACCEPTANCE OF THE BID OF
WILLIAM C. HATHAWAY, CALVIN MOYE,.AND CARL MEYER FOR THE PURCHASE OF
THE BUILDING LOCATED AT 615 -A MAIN STREET.
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; ant
0 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 by -laws and terms of office; and
WHEREAS, the Urban Renewal Agency of 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, 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 building located at 615 -A Main Street was made
on 10 in'accordance with the approved land disposal procedures; and
WHEREAS, the City did not receive a bid within the time period specified in the
Advertisement for Bids; and
WHEREAS, the re -sale value of 615 -A Main Street was established by the Urban
Renewal Commission at $13,500.00 September 1980, based on two appraisals
and one reveiw appraisal; and
WHEREAS, on June 8, 1982 the City of Van Buren received a bid of $9,000.00
from William C. Hathaway, Calvin Moye and Carl Meyer; and
WHEREAS, the Urban Renewal Commission finds it in the best interest of the
Urban Renewal Agency of the City of Van Buren to accept William C. .Hathaway,
Calvin Moye, and Carl Meyer's -bid on 61:54 Main Street in the amount of 9,000.00.
NOW THEREFORE, BE IT RESOLVED BY THE URBAN RENEWAL COMMISSION 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
The North 25 feet of Lot 5, 25' X 127' H -1 $9,000.00
Block 27, Original Town,
Van Buren, Crawford County,
Arkansas.
II.
That the acceptance of this bid is in accordance with the approved land
disposition program.
PASSED AND APPROVED BY THE URBAN RENEWAL COMMISSION OF THE URBAN RENEWAL AGENCY
OF THE CITY OF VAN BUREN, ARKANSAS, THIS THE 18th DAY OF June,1982.
ATTEST:
1// ••?e//1
S cret ry Chairman
c
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS,
THIS THE 21st DAY OF NNE, 1982.
ATTEST:
CI CLERK YOR
ID