RES NO 03-07-2002 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 3 -1 -2002
A RESOLUTION AUTHORIZING THE MAYOR TO SIGN A WARRANTY
DEED TRANSFERING CERTAIN PROPERTY OWNED BY THE CITY OF VAN
BUREN TO VAN BUREN SCHOOL DISTRICT #42.
WHEREAS, The City of Van Buren owns certain property with the following
legal description:
Part of the Northwest Quarter of the Southeast Quarter of Section 19, Township 9
North, Range 31 West, in Van Buren, Crawford County, Arkansas, more
particularly described as follows: Beginning at a point 466.12 feet North of the
Southwest Corner of said Northwest of the Southeast of Section 19,
Township 9 North, Range 31 West; thence East 150.00 feet; thence North 200.00
feet; thence West 150.00 feet; thence South 200.00 feet to the point of Beginning,
containing 0.70 acres more or less.
WHEREAS, The Van Buren School District #42 desires to purchase said
property for the purpose of extending the parking area for the
football field and has offered the City the sum of $25,000.00 to
purchase the property; and
WHEREAS, Lewis Ballard performed an appraisal of the property and
determined the value of the property to be approximately
$25,000.00; and
WHEREAS, The City Council recognizes the benefits of the proposed
development of the property for the community;
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 and City
Clerk to execute a Warranty Deed transferring said property to the
Van Buren School District #42 in exchange for the sum of
$25.000.00.
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PASSED AND APPROVED THIS u DAY OF MARCH, 2002.
heu
MAYOR RIGGS
ATTESTED:
0 CITY CLERIC/TREASURER