0731RESOLUTION NO. 731 (# 07 — 2015)
A RESOLUTION APPROVING AND GRANTING AUTHORIZATION TO MAYOR
FLETCHER AND CITY CLERK DAVITT FOR APPROVAL OF CERTAIN
DOCUMENTS TO TRANSFER CERTAIN PROPERTY OWNED BY THE CITY OF
JACKSONVILLE, ARKANSAS, FOR CERTAIN PROPERTY OWNED BY D & D
REAL ESTATE RENTAL, INC. IN THE CITY; AND, FOR OTHER PURPOSES.
WHEREAS, in efforts toward improvement of City facilities and to make better
use of property owned by the City, City officials sought and received several
responses to a Request for Proposals for exchange of property along Galloway Circle;
and,
WHEREAS, after consideration and negotiation, it is hereby found that the
transfer proposal submitted by D & D Real Estate Rental, Inc. provides transfer of
real property of equal monetary value and includes removal of the structure on D &
D's lot.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITYOFJACKSONVILLE, ARKANSAS, THAT;
SECTION ONE. Approval and authority is hereby granted for exchange
between the City of Jacksonville and D & D Real Estate Rental, Inc. The City's
property at #40 Grace Street, Jacksonville, legally described as Block 8, Lot 40,
Briarfield Subdivision, Section Three, Phase II, to the City of Jacksonville, Arkansas,
will be exchanged for D & D's property at 104 Galloway Circle, legally described as
Lot 332, Sunnyside Hills Addition to the City of Jacksonville, Arkansas. Because the
properties have both been professionally appraised at Twenty Thousand Dollars
($20,000.00), no monetary amount will be exchanged.
SECTION TWO; In addition to the exchange of lots, D & D Real Estate
Rental, Inc. has agreed to accept 137 Roosevelt Road, a/k/a Lot 225, Sunnyside
Addition to the City of Jacksonville, in exchange for timely removal of the structure
currently existing at 104 Galloway Circle. As a result, the City will have a clean lot on
Galloway Circle that will be added to the Public Park in the area and relieved of the
duty to continue to maintain the property at 137 Roosevelt Road.
SECTION THREE., Mayor Fletcher and City Clerk Davitt are hereby
authorized to execute the necessary transfer documents, in form approved by the
City Attorney, and to take such actions as may be appropriate to carry out the terms
of this Resolution.
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Resolution No, 731 (#07 - 2015)
Page Two
SECTION FOUR; This Resolution, being necessary for the betterment of
the public utility and in the continuing purpose of protecting the public's health and
safety, shall be in effect from and after its date of adoption.
APPROVED AND ADOPTED THIS DAY OF SEPTEMBER, 2015.