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0472 RESOLUTION NO. 472 ( #6 -94) A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO APPROVE AND EXECUTE ALL DOCUMENTS NECESSARY REGARDING THE SALE OF 6.54 ACRES OF JACKSONVILLE WASTEWATER UTILITY WEST TREATMENT PLANT PROPERTY; AND, FOR OTHER PURPOSES. WHEREAS, THE JACKSONVILLE WASTEWATER UTILITY, BY AND THROUGH ITS BOARD OF COMMISSIONERS, HAS DETERMINED IT APPROPRIATE AND BENEFICIAL TO THE UTILITY TO DISPOSE OF CERTAIN REAL PROPERTY BELONGING TO THE UTILITY AS MORE PARTICULARLY DESCRIBED HEREIN; WHEREAS, THE BOARD OF COMMISSIONERS HAS REVIEWED AND DETERMINED THE APPROPRIATE MARKET VALUE ON SAID PROPERTY AND HAS OFFERED SAID PROPERTY FOR SALE IN ACCORDANCE WITH ARKANSAS LAW; AND, WHEREAS, THE BID RECEIVED FROM AN ADJOINING PROPERTY OWNER, PRESTON ROBINSON, IS A FAIR AND ACCURATE REPRESENTATION OF THE MARKET VALUE FOR SAID PROPERTY, AND THE BOARD OF COMMISSIONERS RECOMMENDS THAT THE CITY COUNCIL AUTHORIZE SAID SALE OF PROPERTY AT THE TERMS PROVIDED HEREIN. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: THE CITY COUNCIL HEREBY APPROVES AND AUTHORIZES THE SALE OF THE REAL PROPERTY DESCRIBED BELOW TO PRESTON ROBINSON FOR THE PURCHASE PRICE OF SIX THOUSAND FOUR HUNDRED FIFTY DOLLARS ($6,450.00). SECTION TWO: THE MAYOR AND CITY CLERK ARE HEREBY AUTHORIZED TO EXECUTE AND APPROVE ANY AND ALL DOCUMENTS NECESSARY TO COMPLETE THE SALE OF THE FOLLOWING DESCRIBED REAL PROPERTY. PART OF THE SW 1/4, NW 1/4, OF SECTION 25, T -3 -N, R -11 -W, PULASKI COUNTY, JACKSONVILLE, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 4 OF CAMPBELLS INDUSTRIAL SUBDIVISION TO THE CITY OF JACKSONVILLE; THENCE S 87° 55' 40" E ALONG THE SOUTH LINE OF SAID SUBDIVISION, 653.3 FEET TO THE SOUTHEAST CORNER OF LOT 8; THENCE S 15° 43' 16" W, 219.49 FEET; THENCE S 61° 43' 44" W, 882.36 FEET; THENCE N 15° 43" 00" E, 678.18 FEET TO THE POINT OF BEGINNING, CONTAINING 6.54 ACRES MORE OR LESS. GENERAL LOCATION: PROPERTY LYING NORTH OF THE WEST TREATMENT FACILITY AND SOUTH OF TRIANGLE ENGINEERING, 205 SOUTH REDMOND ROAD, JACKSONVILLE, ARKANSAS. CONTAINING APPROXIMATELY 284882.40 SQUARE FEET OF LAND. SECTION THREE: ALL RESOLUTIONS AND ORDINANCES AND /OR PARTS THEREOF IN CONFLICT HEREWITH ARE HEREBY REPEALED TO THE EXTENT OF SAID CONFLICT. . RESOLUTION NO. 472 ( #6 -94) JUNE 4G , 1994 PAGE Two SECTION FOUR: THIS RESOLUTION SHALL BE IN EFFECT FROM AND AFTER ITS DATE OF PASSAGE. APPROVED AND ADOPTED THIS /& " DAY OF JUNE, 1994. CITY OF JACKSONVILLE, ARKANSAS BY: ( gcc,�- —� TOMMY SWAIM, MA OR ATTEST: a. 4. �_ �ti. _Ah_ LUL' LEONA{D; CITY CLERK ROBER E. BAMBU' ITTrNEY