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RES NO 10-04-2018 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 10 - LI -2018 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS,A RESOLUTION TO BE ENTITLED: A RESOLUTION TO ACCEPT FROM THE CENTRAL PARK PROPERTIES A DONATION OF REAL PROPERTY OF APPROXIMATELY FIVE (5) ACRES IN ANTICIPATION OF USING IT FOR PARK PURPOSES WITHIN THE CITY OF VAN BUREN, ARKANSAS. WHEREAS, the Central Park Properties desires to donate to the City of Van Buren approximately five (5) acres of real property adjacent to the Forest Oaks Subdivision provided no unanticipated issues preclude them from the closing of the property and provided they have assurances from the City Council that the City will accept the donation; and WHEREAS, the Central Park Properties desire that the only request for the property be that it be used as a park and be named after Mr. Chad and Betty Ann Colley; and WHEREAS, the City is willing to honor such request and intends to use the property for park purposes only; and WHEREAS, the owner has asked to be informed of the City Council's willingness to accept the property prior to the closing and the City desires to accommodate that request subject to the property having a clear title. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS,THAT: SECTION 1: The City Council agrees to accept the donation from Central Park Properties of approximately 5 acres of real property adjacent to the Forest Oaks Subdivision and the Council expresses gratitude to the family for the donation. SECTION 2: The acceptance of the property is subject to the issuance of an acceptable,clear title for the City. SECTION 3: The City is further willing to name the property the"Mr.Chad and Betty Ann Colley Wilderness Park." SECTION 4: The Mayor and City Clerk shall be authorized to execute any agreements and other documents on behalf of the City to include IRS Form 8283,to effectuate the acceptance,to pay applicable closing costs and upon the request of the donor to make minor adjustments to the provisions derived from this Resolution so long as the essential purposes of the Resolution remain unchanged. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote ofT_ for and d against the foregoing Resolution at its regular meeting held on the 29th day of October 2018. • Robert D. Freeman Mayo ATTESTED: / APP ' 1 ED ' 1 FORM: Phot s Thomas Candice A. Settle Y City Clerk/Treasurer City Attorney Tract A Property Description Part of the NE/4, NE/4 of Section 16 & part of the NW/4, NW/4 of Section 15, all in T-9-N, R-32-W, Van Buren, Crawford County, Arkansas, being more particularly described as follows: Commencing at the NW corner of said NE/4, NE/4, Section 16; thence S87°41'39"E 198.36' along the north line of said NE/4 , NE/4, Section 16, to the Point of Beginning; thence continuing, S87°41'39"E 738.38' to the southwest line of Park Ridge at Lee Creek Lots 155-185 an addition to the City of Van Buren; thence S47°16'43"E 621.40' along said southwest line of Park Ridge at Lee Creek Lots 155-185; thence S41°24'07"W 246.26'; thence N45°15'58"W 70.00'; thence N19°11'18"E 197.28'; thence N77°45'21"W 571.16'; thence N59°18'35"W 493.36'; thence S23°34'02"W 267.20'; thence N66°28'09"W 70.00'; thence N23°34'02"E 267.40' to the Point of Beginning, containing, 4.94 acres more or less.