RES NO 11-04-2015 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO. I ! - q -2015
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 OF A NEW VETERAN'S PARK, AND FOR
OTHER PURPOSES.
WHEREAS, the City has determined that it desires to acquire, for the public good and benefit,
certain real property located within the Van Buren city limits,to construct a new
Veteran's Park; and
WHEREAS, upon the City's best, information, knowledge, and belief the appraised value and the fair
market value of said property is as listed below. The City,wishes to offer in good faith to
purchase said property for the amount listed below plus the closing costs.
Property Address Legal Description Appraised Value Purchase Price
917 Main Street Part of Lots 11 through 14 $65,000.00 $58,500.00
of Block 6,Drennen Addition,
Van Buren,Arkansas.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN,ARKANSAS,THAT:
SECTION 1: The City Council hereby authorizes the Mayor to purchase the afore described real
property for the amount listed above plus the closing costs utilizing Park Bond Funds.
SECTION 2: 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 5. for and 0 against, - • egoing Resolution at its regular meeting
held on the 16th of November 2015.
•
A.—
RobertD Fre- .
Mayor
ATTESTED: 1iOROVED/AS TO FORM:
-Brathie-CAUtis Wan(e ttf a kSettle
City Clerk/Treasurer City Attorney