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RES NO 08-05-2001 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 8 -S -2001 A RESOLUTION AUTHORIZING SETTLEMENT TO AVOID COSTLY LITIGATION. WHEREAS, That the City Council placed a moratorium on the construction of signs within the City on March 19, 2001, and subsequently enacted an Ordinance regulating the construction and placement of signs within the City; and WHEREAS, Bressler Outdoor Advertising. LLC, is an outdoor advertising company that contracted with Nancy Millsap to construct a billboard sign on Ms. Millsap's property located at Lots 3 and 4 of Riverside Addition to the City of Van Buren; and WHEREAS, That prior to the issuance of the moratorium, the City Building Department issued a letter to the Arkansas Highway and Transportation Department confirming that the construction of the Bressler /Millsap Billboard was permitted under existing City ordinances; and WHEREAS, Both Bressler and Millsap relied upon the assurances of the City Building Department and constructed the said Billboard at some expense; and WHEREAS, That the Arkansas Highway and Transportation Department subsequently denied a permit to construct the Billboard as a result of the sign ordinance enacted by this Council; and WHEREAS, It is in the best interests of the citizens of Van Buren to avoid costly and uncertain litigation; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the Mayor is hereby authorized to enter into a Settlement Agreement with Bressler Outdoor Advertising, LLC for the placement of the Bressler /Millsap Billboard. SECTION 2: That the City of Van Buren will incur no financial obligation to either Bressler Outdoor Advertising. LLC or Nancy Millsap as a result of entering said Settlement Agreement. PASSED AND APPROVED THIS (Q6 DAY OF AUGUST, 2001. t MAYOR I H' IGG` 0 ATTESTED: (Q)0A-Pre o eta &c: CITY CLERK /TREASURER