RES NO 66-1974 RESOLUTION NO. 66 -74
A RESOLUTION OF THE.URBAN_RENEWAL BOARD OF COMMISSIONERS AUTHOR[ZING
THE CI-IAIRMAN TO ACCEPT THE 1BID OF ACTION HOMES, INC. FOR THE PURCHASE OF CERTAIN
DISPOSITION PARCELS IN THE NEIGHBORHOOD DEVELO''M'ENT PROGRAM AREA, ARIL„ N -23, M)P.
WHEREAS, a public offering of certain disposition parcels was made on August 24,
1973, April 8, 1974, September 3, 1974, and $eptend,er 26, 1974, in accordance
with the approved land disposal procedure; and
WHEREAS, a bid from Action Ilumes, Inc. is the highest received from bidders
who met the bidding requirements; and
WHEREAS, the amount of the bid of $2, 000.00 meets the approved minimum disposal
price; and
WHEREAS, the Urban Renewal Agency ofthe City of Van Buren has ascertained the
qualifications and financial respons:ibility.,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 Action Homes, Inc. following identified disposition parcel at
the listed bid price:
Parcel Legal Description Size Use Price
276 -2 Lots 3 4 Block 2, Roosevelt 6,250 R $1,000
Addition, Van Buren, Arkansas
276 -3 Lots 5 6 Block 2, Roosevelt 6,250 R $1,000
Addition, Van Buren; Arkansas
That the acceptance of this bid is in accordance with the approved land
disposition program.
III.
That Action Homes, Inc. 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.
Qt PASSED AND APPROVED BY THE URBAN RENEWAL COMMISSION OF THE URBAN RENEWAL AGENCY
OF THE CITY OF VAN BUREN, ARKANSAS, this the 8th day of November, 1974.
ATTEST:
:7
Se c etary Chairman Chairman
0
APPROVED AS TO FORM:
-Y- X6 11/1Jl -Fc_t 0 lac'"
Attorney
Approved by the City of Van Buren, Arkansas on the day of
1974.
/CU:— /0'4 1//
Mayor
ATTESTED:
City Clerk
0