RES NO 03-07-2000 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. j -'1 -2000
A RESOLUTION AUTHORIZING SETTLEMENT AND PAYMENT OF JUDGMENT
IN THE CASE OF CITY OF VAN BUREN, ARKANSAS VS. LUCY RICHMOND.
WHEREAS, The City of Van Buren filed an Application for Condemnation of Private
Property against Lucy Richmond on April 14, 1997 and paid the sum of
$32,350.00 to the Defendant, which represented the appraised value of the
property;
WHEREAS, That said application was granted and an Order of Possession was entered
on April 15, 1997;
WHEREAS, On October 5, 1999, a bench trial was held in the Circuit Court of
Crawford County to determine the value of the property;
WHEREAS, The Court found that the property had a value of $67,000.00, and a
Judgment was entered against the City of Van Buren for $34,650.00,
representing the value of the property, $67,000.00, less $32,350.00 initially
paid to the Defendant, plus interest at 6% prior to judgment ($5,143.95)
and interest at 10% post judgment ($1,576.65) for a total of $41,370.60;
WHEREAS, A Notice of Appeal was filed on November 2, 1999;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
VAN BUREN, ARKANSAS:
SECTION 1: That pursuing an Appeal in this case is not in the best interests of the
citizens of the City of Van Buren;
SECTION 2: That the Clerk of the City of Van Buren is hereby directed to pay to the
order of Lucy Richmond the sum of $41,370.60 and the City Attorney is
hereby directed to cause an Order to be entered dismissing the appeal and
satisfying the judgment.
PASSED AND APPROVED TI j.6 441-- DAY OF MARCH, 2000.
MAYOR 114 IGGS e 4
ATTESTED":
'CITY CLE1 1 T REASURER