RES NO 01-02-2000 0 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. -2000
A RESOLUTION AUTHORIZING THE MAYOR TO SIGN A WARRANTY
DEED TRANSFERING CERTAIN PROPERTY OWNED BY THE CITY OF VAN
BUREN TO MIKE THOMPSON.
WHEREAS, The Community Development Agency of the City of Van Buren,
Arkansas, previously issued a Special Warranty Deed to Larry
Jones, Tom Moore and others, to the following described property:
Lots 3, 4, 5 6, Block 3
Knox Addition to the City
of Van Buren, Arkansas.
and said Special Warranty Deed contained certain covenants
relating to the development of said property; and
WHEREAS, Said covenants were not met and the property reverted back to the
City of Van Buren; and
WHEREAS, The purchasers of the property will be released from their
obligations under the Special Warranty Deed upon the receipt of
deeds quit claiming their interest in the property to the City of Van
Buren; and
WHEREAS, Mike Thompson wishes to purchase said property for the sum of
$4,900.00 for the purpose of developing a retirement living center;
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 l: THAT the City Council hereby authorizes the Mayor and City
Clerk to execute a Warranty Deed transferring said property to
Mike Thompson upon receipt of quit -claim deeds from the former
purchasers of the property and the sum of $4,900.00.
PASSED AND APPROVED THIS n 7 DAY OF JANUARY, 2000.
MAYOR OH RIGGS
ATTESTED:
CITY CLERK/TREASURER
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