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0596 000,.. )3 RESOLUTION NO. 596 ( #9 •- 06) A RESOLUTION AUTHORIZING AND SUPPORTING THE MAYOR AND CITY CLERK OF THE CITY OF JACKSONVILLE, ARKANSAS, IN THEIR EFFORTS TO NEGOTIATE AND EXECUTE DOCUMENTS TO PURCHASE PROPERTY FROM CERTAIN LAND OWNERS, MSF, INC. AND B & C RENTAL PROPERTIES, INC,, FOR THE CONSTRUCTION AND DEVELOPMENT OF THE NEW JACKSONVILLE PUBLIC LIBRARY FACILITY; AND, FOR OTHER PURPOSES. WHEREAS, it is necessary for the City of Jacksonville, Arkansas, to acquire certain lands owned by MSF, Inc. and B & C Rental Properties, Inc., to secure sufficient real property for the construction and development of the new Jacksonville Public Library facility; and, WHEREAS, to do so, the Mayor and City Clerk must be able to negotiate a reasonable purchase price and execute all documents associated with said property acquisition. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: Improvement of and providing for the purchase of certain real properties from MSF, Inc. and B & C Rental Properties, Inc., for the Public Libra is necessary construction and development of the new Jacksonville p ry for the public benefit and purposes served by a new and improved library facility. SECTION TWO: The Mayor and City Clerk are hereby authorized to negotiate a reasonable purchase price as just compensation for certain real properties owned by MSF, Inc. and B & Rental Properties, Inc. They are further authorized to execute any and all necessary documents to consummate and complete said property acquisition. SECTION THREE: Any and all other Resolutions in conflict herewith are hereby repealed to the extent of said conflict. This Resolution shall be in effect from and after its date of passage. APPROVED AND ADOPTED THIS Shirl DAY OF AUGUST, 2006. CITY OF JACKSONVILLE, ARKANSAS TOMMY SWAIN?, MAYOR ATTEST: q / SUSAN 'AVITT, C CLERK - /c APP•"V.D , STO iRM: A �-^ i 1 '' ROBE'T E. BAMB • • • ,�