RES NO 44-1974 RESOLUTION NO. 1 1.
A RESOLUTION OF THE URBAN RENEWAL BOARD OF COMMISSIONERS AUTHORIZING
THE CHAIRMAN TO ACCEPT THE BID OF WALTER L. KAYLOR, FOR THE PURCHASE OF CERTAIN
DISPOSITION PARCELS IN THE NEIGHBORHOOD DEVELOPMENT PROGRAM AREA, ARK. A -23, NDP.
WHEREAS, a public offering of certain disposition parcels was made on August 24,
1973 and April 8th, 1974, in accordance with the approved land disposal procedure; and
WHEREAS, a bid from Walter L. Kaylor is the highest received from the bidders
who met the bidding requirements; and
WHEREAS, the amount of the bid of $1,350.00 meets the approved minimum disposal
price; and
WHEREAS, the Urban Renewal Agency of the City of Van Buren has ascertained the
qualifications and financial responsibility of the proposed redeveloper.
NOW, THEREFORE, BE IT RESOLVED BY THE URBAN RENEWAL COMMISSION OF THE URBAN
RENEWAL AGENCY OF THE CITY OF VAN BUREN.
I.
That the Chairman of the Urban Renewal Commission be authorized
to accept the bid of Wal L. Kaylor, following identified disposition parcel
at the listed bid price:
Parcel Legal Description Size Use Price
287 -7 Lot 7, Block 25, of Riverside Addition 7,000 C $1,350.
to the City of Van Buren, Arkansas the
same being a part of the Northwest Quarter
of the Southwest Quarter of Section 30,
Township 9 North, Range 31 West
II.
That the acceptance of this bid is in accordance with the approved land
disposition program.
III.
That Walter L. Kaylor possesses the qualifications and financial resources necessary
to acquire and develop the land in accordance with the Urban Renewal Plan.
IV.
That the acceptance of this bid is subject to all the requirements of the
Urban Renewal law and approval by the Department of Housing and Urban Development.
PASSED AND APPROVED BY THE URBAN RENEWAL COMMISSION OF THE URBAN RENEWAL AGENCY
OF THE CITY OF VAN BUREN, ARKANSAS, THIS THE DAY OF 1974.
ATTEST:
1l r te G'`_'
l -c.c_ro 9/ r� ;_�en.
'Secretary Chairman
APPROVED AS TO FORM:
J. e
torney
Approved by the City of Van Buren, Arkansas on the day of 1974.
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ATTESTED:
0 City Clerk
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