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0528 RESOLUTION Na 528 ( #4 - 2000) A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK OF THE CITY OF JACKSONVILLE, ARKANSAS, TO SIGN ALL NECESSARY DOCUMENTS FOR THE PURCHASE OF SEVENTY (70) ACRES OF UNIMPROVED REAL PROPERTY LOCATED ADJACENT TO DUPREE PARK, JACKSONVILLE, ARKANSAS, AND, FOR OTHER PURPOSES, WHEREAS, the City of Jacksonville, Arkansas, desire s to p urchase seventy (70) acres of unimproved real property adjacent to Dupree Park for an addition to said park; and, WHEREAS, the Mayor and City Clerk of the City of Jacksonville, Arkansas, are the proper persons to execute such appropriate and necessary documents on behalf of the City to transfer ownership of said properties. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: The Mayor and City Clerk are hereby authorized as the Signatory Authorities for the City of Jacksonville, Arkansas, to approve and execute any and all necessary documents for transfer of seventy (70) acres of unimproved real property adjacent to Dupree Park, Jacksonville, Arkansas, described as follows: The SE 1/4, NE 1/4, NW 1/4 and the S 1/2, N 1/2, NE1 /4, Section 36, Township 3 North, Range 11 West, in the City of Jacksonville, Pulaski County, Arkansas, less and except a railroad right -of -way, containing 50 acres more or less. And The S 1/2 of the SE 1/4 of the SE 1/4 of Section 25, T -3 -N, R -11 -W, Pulaski County, Arkansas. SECTION TWO: The Mayor and City Clerk are hereby authorized and directed to execute all appropriate documents necessary to accomplish such property transfers, and the Mayor is hereby authorized to spend no more than Fifty Thousand Dollars ($50,000.00) for the purchase and related costs of acquiring said property. Said funds shall be payable from the City's Capital Improvement Fund. SECTION THREE: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of said conflict. \\ APPROVED AND ADOPTED THIS 2rxJ DAY OF MARCH, 2000. a ns. . • . 0 - MAYOR TOMMY S AIM ATTEST: • SUSAN DA , ..RO A P AS '• •R � :.r n,--; ROBE' T E. BA ORN 1 000004