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RES NO 06-05-2007 CITY OF VAN BUREN. ARKANSAS RESOLUTION NO. 6-5 2007 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK TO REMOVE CERTAIN LOST, DESTROYED, ABANDONED OR OTHERWISE DISPOSED OF FIXED ASSETS FROM THE CITY OF VAN BUREN'S FIXED ASSET INVENTORY, AND FOR OTHER PURPOSES. WHEREAS, the City of Van Buren has certain fixed assets on its Fixed Asset inventory list; and WHEREAS, after an extensive audit of the assets of the City of Van Buren, it has been determined that there are certain lost, destroyed, abandoned or otherwise disposed of fixed assets on the city's inventory that are no longer on hand, as set forth in Exhibit "A" attached hereto; and WHEREAS, the City of Van Buren has fully investigated the circumstances of these missing fixed assets and has determined that they are missing, through no misfeasance, but because they have been destroyed, abandoned or otherwise disposed of in the normal course of use by the City of Van Buren and the various departments of the City; and WHEREAS, is therefore recommended by our State Auditor that said lost, destroyed, abandoned or otherwise disposed of fixed assets be purged or removed from the City's Fixed Asset list. NOW. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: Section 1: The lost, destroyed, abandoned or otherwise disposed of fixed assets on the city's inventory, as set forth in Exhibit "A" are to be removed from the fixed asset inventory and written off. Section 2: The Mayor and City Clerk are hereby authorized by the City Council for the City of Van Buren to take all necessary actions and execute all documents necessary to effectuate this resolution. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 6 for and 0 against, the foregoing Resolution at its meeting held on the a day of June, 2007. Robert D. Freeman, arm-- ATTESTED: AP U AS 8 FORM: Barbie Curtis, City Clerk/Treasurer N. Do al. 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