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RES NO 08-07-2006 CITY OF VAN 13UREN, ARKANSAS RESOLUTION NO. 8 -1 -2006 A RESOLUTION RATIFYING THE PURCHASE OF CERTAIN PROPERTY FOR THE LIBRARY. WHEREAS, That this Council previously approved the purchase of property adjacent to the lot where the new library will be located; and WHEREAS, That the Mayor executed the necessary documents to purchase the property and executed a check to pay for said purchase; and WHEREAS, The Resolution previously approved by the Council did not contain the full legal description as the survey was not completed until after the Council meeting; and WHEREAS, The Resolution previously approved by the Council approved payment of $30,000.00 for the property, which was not inclusive of the costs of closing. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: THAT the City Council hereby ratifies the actions of the Mayor and City Clerk in the execution of the closing documents, check, and any and all other documents that were necessary to finalize the transfer of the property. Specifically, the City Council ratifies and approves the purchase of the following property for the amount of $30,000.00, plus closing costs of $2,020.09: Part of Lots 4, 5 6, Block 25, McGee Addition to the City of Van Buren, Crawford County, Arkansas, being more particularly described as follows: Commencing at an existing rebar marking the Southwest corner of Lot 4, Block 25 McGee Addition. Thence along the West line of said Lot 4, North 00 degrees 02 minutes 56 seconds East, 93.32 feet to an existing rebar and the Point of Beginning. Thence continuing along the West line of Lot 4, Block 25, McGee Addition, North 00 degrees 02 minutes 56 seconds East, 47.50 feet to an existing rebar marking the Northwest corner of Lot 4, Block 25 McGee Addition and said point being on the South Right of Way line of Cherry Street. Thence along the North line of Lots 4, 5 6, Block 25, McGee Addition and the South Right of Way line of Chen, Street, South 89 degrees 07 minutes 37 seconds East. 149.92 feet to an existing rebar marking the Northeast corner of Lot 6, Block 25, McGee Addition and the West Right of Way line of North 15` Street. Thence along the East line of Lot 6, Block 25, McGee Addition and the West Right of Way line of North 15 Street, south 00 degrees 00 minutes 20 seconds East, 43.45 feet to an existing rebar. Thence leaving said East line and said Right of Way line, South 89 degrees 19 minutes 31 seconds West, 149.96 feet to the point of beginning, according to survey by Satterfield Land Surveyors dated August 17, 2006 as Job No. 33,683. Subject to Easements, Rights of Way and Covenants of record if any. Subject to Restrictions, Reservations and Conveyances of Oil, Gas and Other Minerals. PASSED AND APPROVED THIS (Au DAY OF AUGUST, 2006. MAYOR .IOHN 14 GI ATTESTED: CITY CLERK /TREASURER