RES NO 03-07-2007 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 3 2007
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS,
A RESOLUTION TO BE ENTITLED:
A RESOLUTION AUTHORIZING THE MAYOR TO PURCHASE
CERTAIN REAL PROPERTY NECESSARY FOR THE
CONSTRUCTION AND COMPLETION OF THE NEW VAN
BUREN PUBLIC LIBRARY, AND FOR OTHER PURPOSES.
WHEREAS, The City has determined that it is necessary to acquire, for the public good
and benefit, certain real property located at 15 North 15th Street, Van Buren
Arkansas, more specifically: BLOCK 25 PART OF LOTS 4,5,6 MCGEE AN
ADDITION TO THE CITY OF VAN 13UREN IN CRAWFORD COUNTY
IN THE STATE OF ARKANSAS, to construct the new Van Buren Public
Library.
WHEREAS, Upon the City's best, information, knowledge, and belief the appraised value
and the fair market value of said property is $45,000.00, and the City, through
its designated agents, has offered in good faith to purchase said property for
fifteen percent (15 over appraised value, specifically $51,750.00, plus
$2,250 for relocation costs, and closing costs of approximately $3,590.10.
NOW. THEREFORE, BE IT RESOLVED BY THE CTTY COUNCIL OF TI -IE CITY OF VAN
BUREN, ARKANSAS:
SECTION 1: That the City Council hereby authorizes the Mayor to purchase the afore
described real property for the sum of $51,750.00, plus $2,250 for relocation
costs, and closing costs of approximately $3,590.10, totaling $57,590.10, as
more fully setout in the attached estimated closing costs report.
SECTION 2: That the Mayor is authorized and directed to execute such documents and
instruments as may be necessary to proceed with and finalize the purchase of
said property, and the City Clerk is hereby authorized and directed to attest
same.
IN WITNESS WHEREOF. the City of Van Buren, Arkansas, by its City Council, did pass, approve,
and adopt, by a vote of f(j for and 0 against, the foregoing Resolution at its meeting held
on the 26th day of March 2007.
Robert D. Freeman, ayor
s
ATTESTED:p
Barbie Curtis, City ClerklTrcasurer
A PI V AS TO FORM:
lei. 1\3,
oiald,.enkins Jr. Ci ttorney
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