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RES NO 05-3-2009 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO.5 -3 -2009 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION ALLOCATING AND APPROPRIATING INSURANCE PROCEEDS FOR KING OPERA HOUSE CLEANING AND RESTORATION; AND FOR OTHER PURPOSES. WHEREAS, the City of Van Buren is scheduled to receive insurance proceeds for cleaning and restoration of smoke and fire damage to the King Opera House; and WHEREAS, these funds are designated by the insurance company for repairs to be made by Servpro of Fayetteville /Springdale in the amount of $47,696.35, as setforth in Exhibit "A" attached hereto; and WHEREAS, the above funds need to be allocated from insurance funds to capital improvement and general funds as appropriate; NOW, THEREFORE, 13E IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, 0 ARKANSAS, THAT: SECTION 1. The above insurance proceeds are authorized to be received and moved from "insurance funds" to "capital improvements," or "general funds," as appropriate, and to be appropriated for the corresponding restoration and cleaning. SECTION 2. The Mayor and City Clerk are hereby authorized by the City Council for the City of Van Buren to execute all documents and expend all funds necessary to effectuate this resolution. IN TESTIMONY WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of lO for and 0 against, the foregoing Resolution at its regularly scheduled Meeting held on the 11 day of May 2019. w Robert D. Free IMAMS. ATTESTED: APPROVED AS TO FORM: i 6 sike Bar Curtis, City Clerk/ "treasurer N. 1.n•ld Jenkins G Attorne