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RES NO 04-03-2003 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. -3 -2003 A RESOLUTION AUTHORIZING THE MAYOR TO SELL CERTAIN PROPERTY OWNED BY THE CITY OF VAN BUREN. WHEREAS, That the City Council desires to sell certain property owned by the City of Van Buren; and WHEREAS, That the City Council believes it to be in the best interest and public welfare of the citizens and residents of Van Buren to sell and transfer the real property described below, along with the improvements thereon; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: THAT the City Council hereby authorizes the Mayor to sell and transfer the following property to Lloyd Pursley: Part of Block 1, Drennen Addition, Van Buren, Crawford County, Arkansas, being more particularly described as follows: Commencing at a paint mark marking the Southeast Corner of Block 1, Drennen Addition, said point being on the West right of way line of Cane Hill. Thence along the East line of said Block 1 and along said right of way line, North 00 degrees 40 minutes 06 seconds East, 146.14 feet to a set rebar on the Northerly right of way line of Burlington Northern Railroad. Thence leaving the East line of said Block 1 and along said Railroad right of way line, South 65 degrees 26 minutes 15 seconds West, 227.99 feet to a cut X on the West line of Lot 1, Block 1 and the East right of way line of Fayetteville Street. Thence leaving said railroad right of way line and along the West line of said Lot 1 and along Fayetteville Street right of way line, North 00 degrees 40 minutes 06 seconds East, 94.37 feet to the Point of Beginning. Thence continue along said West line and said right of way line, North 00 degrees 40 minutes 06 seconds East, 4.48 feet. Thence leaving said West line and said right of way line, North 64 degrees 18 minutes 39 seconds East, 77.09 feet. Thence South 00 degrees 40 minutes 06 seconds West, 4.23 feet. Thence South 64 degrees 08 minutes 23 seconds West, 77.21 feet to the Point of Beginning, containing 0.01 of an acre and subject to any Easements of Record. 0 J SECTION 2: That the Mayor is authorized to execute whatever documents necessary to effectuate the sale and transfer of said real property and the improvements situated thereon. PASSED AND APPROVED THIS 02 DAY OF APRIL, 2003. MAYOR.JOI-IN RIGG ATTESTED: CITY CLERK/TREASURER 0