RES NO 06-05-2022 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO.06 -05 -2022
BE IT ENACTED BY THE CITY COUNCIL,FOR THE CITY OF VAN BUREN,
ARKANSAS,A RESOLUTION TO BE ENTITLED:
A RESOLUTION AUTHORIZING THE MAYOR TO PURCHASE
CERTAIN REAL PROPERTIES,AND FOR OTHER PURPOSES.
WHEREAS, the City has determined that it desires to acquire,for the public good and benefit,
certain real property located within the Van Buren city limits; and
WHEREAS, upon the City's best,information,knowledge,and belief the appraised value and the fair
market value of said property is as listed below. The City,wishes to offer in good faith to
purchase said property for the amount listed below plus the closing costs.
Property Address Legal Description Appraised Value Purchase Price
812 Fayetteville Road PS/2 NE SW NE $150,000.00 $120,000.00
700-08389-000
Van Buren Acreage,
Van Buren,Arkansas.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN,ARKANSAS,THAT:
SECTION 1: The City Council hereby authorizes the Mayor to purchase the afore described real
property for the amount listed above plus the closing costs.
SECTION 2: The Mayor is authorized and directed to execute such documents and instruments as may
be necessary to proceed with and finalize the purchase of said property,and the City
Clerk is hereby authorized and directed to attest same.
IN WITNESS WHEREOF,the City of Van Buren,Arkansas,by its City Council,did pass,
approve,and adopt,by a vote of :5 for and 0 against,the foregoing Resolution at its regular meeting
held on the 27fl'of June 2022.
g
J seph P. urst
Ma
ATTESTED: APB' +D AS FORM:
Ph lhs Thomas
City Clerk/Treasurer City Attorney
Cross Property Public Full
812 Fayetteville Rd Van Buren,AR 72956 COMMERCIAL
Sub Type: Other List: $150,000
DOM: 26
ML#: 1057166 Pending
County: Crawford Lot: N/A Block: N/A
Age: Unk Acres: 0.24
GBA: 800 Rail Svc: Restrms:
Office SF: 800 Whse SF: Manuf SF:
+ Flood Zn: No Annual Inc: Annual Exp:
Disabled Acc: No Disclosure: No City Lmts: Yes
Lot Dim: 50'x 194' Surveyed:
Parcel ID: 700-09389-000-C
Exclusions: Tanning Bed Cap Rate:
Legal: S/2 NE SW NE
Virtual Tour. hops://www.property_panorama.com/812-Fayetteville-Road
..._ a
Property Information
# Floors: # Pkg Sp: 13 # Docks:
Existing Use: Beauty/Barber Shop Finance Avail:
Features
Utilities: Electric,Gas Public,Sewer,Water Public Heat Sys: /Central,Gas
Exterior: Vinyl Siding A/C/%: Central, Electric/100 '
Roof: Asphalt Shingle Water Htr: Gas
Equipment: None
Floor Cov: Vinyl Cable:
Foundation: Block Phone Svc:
Basement: No Fuel:
Location: Major Road Frontage Transport:
Parking: Lot
Public Remarks: Great business opportunity,fully equipped Salon/Barber shop.Great location,private parking lot,new
HVAC unit,turn key and ready for new owner.
Directions: Hwy 59 (Fayetteville Rd) 1 mile south off I-40 on right
Public Full Prepared By: Mason Shirey Wednesday,June 8,2022 11:00 AM
Information deemed reliable but not guaranteed.