RES NO 03-02-2016 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO. 3 - 2016
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 FUTURE
DOWNTOWN REDEVELOPMENT, 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 for future downtown
redevelopment; and
WHEREAS, upon the City's best, information, knowledge,and belief 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 Valuation Offer Price
222 Main Street Block 6, Lots 4 through 10 $193,300.00 $150,000.00
of Block 7,Van Buren Original,
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 offer to purchase the afore described
real property for the amount listed above plus the closing costs subject to appraisal.
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.
SECTION 3: The Mayor is further authorized to enter into an agreement with an appropriate financial
institution in order to finance payment of this purchase,pursuant to AMENDMENT 78,
SECTION 2 OF THE CONSTITUTION OF THE STATE OF ARKANSAS and ARK.
CODE ANN. §14-78-103.
IN WITNESS WHEREOF the City of Van Buren,Arkansas, by its City Council,did pass,
approve,and adopt, by a vote of 5for and 0 against,th- . -.oing Resolution at its regular meeting
held on the 21st day of March 2016.
Robert D. Fr-=ram
ayorr
AT ESTED: 6471 D • S TO FORM:
Barbie Curtis Candice A. Settle
City Clerk/Treasurer City Attorney
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ASSESS VAL=15560 LOT= PH ADD=222 MAIN ST
BLOCK=7 OW_NAME=DAVISIRON& REPORTLINK=http://www.actdatascout.com/default.aspx?CI=7&SS=700
CIN=VAN BUREN CITY METAL INC 00030-001-C&SI=1
COUNTY=Crawford OWNADD=P O BOX 2796 S_T R=250932
COUNTY_ID=03370000030 OWN CITY=FORTSMITH SCHOOL=VAN BUREN CITY
001 C OWN STATE=AR SUBDIV=VANBURENORIGINAL
FID=8397 OWN_ZIP=72913 TOTAL_VAL=77800
IM P_VAL=67800 pa rcel_i d=700-0°°30-7
00 00030 001 C TYPE=C I
LAND_VAL=10000 PARCEL-I- =LOTS 7,9,10
Disclaimer:The property boundaries and associated information depicted.on this graphic are derived from the Crawford County,Arkansas Digital Cadastre.Digital cadastre as
defined in Arkansas Code 15-21-502(6)means the storage and manipulaton of computerized representations of parcel maps and linked parcel databases.As stated in Arkansas Code
15-21-504(d)(2)(B)Digital cadastre does not represent legal property boundary descriptions,nor is it suitable for boundary determination of any individual parcels,lands,or
represented boundaries,included in the cadastre.
Date created:12/16/2015
Last Data Upload:12/16/2015 1:49:01 AM
iL� Developed by
Sc neider The Schneider Corporation
un
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ASSESS_VAL=23100 LOT=
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H ADD=222 MAIN ST
BLOCK=7
OW-NAME=DAVISIRON&METAL REPORTLINK=http://www.actdatascout.com/default.aspx?CI=7&SS=700
CIN=VANBUREN CITY INC 000300000&SI=1
COUNTY=Crawford OWN_ADD=P0 BOX 2796 S_T_R=250932
COUNTY_ID=033 700 00030 OWN CITY=FORTSMITH SCHOOL=VAN BURENCITY
0000 OWN STATE=AR SUBDIV=VANBU
REN ORIGINAL
FID=8396 OWN ZIP=72913 TOTAL_VAL=115500
IMP_VAL=10500 parcel_id=700 H130 000 C TYPE=CM
LAND_VAL=105000 PARCEL LGL=ALLBLK6&BLK7
LOTS 4-8
Disclaimer:The property boundaries and associated information depicted.on this graphic are derived from the Crawford County,Arkansas Digital Cadastre.Digital cadastre as
defined in Arkansas Code 15-21-502(6)means the storage and manipulaton of computerized representations of parcel maps and linked parcel databases.As stated in Arkansas Code
15-21-504(d)(2)(B)Digital cadastre does not represent legal property boundary descriptions,nor is it suitable for boundary determination of any individual parcels,lands,or
represented boundaries,included in the cadastre.
Date created:12/16/2015
Last Data Upload:12/16/2015 1:49:01 AM
IL� Developed by
Scirieider The Schneider Corporation