0778RESOLUTION NO. 778 (#1 — 2019)
A RESOLUTION AUTHORIZING AND APPROVING AN OPTION AGREEMENT
BETWEEN THE CITY OF JACKSONVILLE, ARKANSAS, AND JACKSONVILLE
HOUSING SOLUTIONS, INC.; AND, FOR OTHER PURPOSES.
WHEREAS, the City of Jacksonville, Arkansas is participating with Jacksonville Housing
Solutions, Inc. ("Solutions', a 501(c)(3) organization affiliated with the Jacksonville Housing
Authority, to bring the development of quality housing for persons of low to moderate income in
the City of Jacksonville, Arkansas; and,
WHEREAS, it is in the interest of the City of Jacksonville to enter into the attached Option
Agreement (the "Agreement's with Solutions, whereby the City will sublease a tract of land in the
City of Jacksonville, Arkansas, located at 108 South Oak Street, the legal description for which is
as set forth on the Lease, a copy of which is attached hereto.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
JACKSONVILLE, ARKANSAS, THA T:
SECTION ONE; The Agreement, in substantially the form presented at the
Council Meeting at which this Resolution is addressed, is hereby approved, and the Mayor and
City Clerk of the City are hereby authorized to execute the Agreement on behalf of the City, with
such changes as may be approved by the Mayor consistent with the Agreement presented and
the terms of this Resolution.
SECTION TWO. The Mayor and City Clerk of the City of Jacksonville,
Arkansas, are hereby authorized to execute such writings and take such actions as may be
appropriate to carry out the terms of this Resolution consistent with the purposes of this
Resolution, including execution of the Agreement. Such action is hereby ratified.
SECTION THREE. It has been found that the Agreement is plainly in the
interest of the City and that its execution is essential to the development of future quality housing
for persons of low to moderate income to be made available pursuant to the Agreement.
Therefore, this Resolution, being necessary for the preservation of the public health and safety,
shall be effective upon and after its date of adoption.
DOPTED THIS 24TH DA Y OFJANUARY 2019.
.A TiEST.'
' t
SUSAN DAV , CITY CLERK
CITY OFJACKSONVI �U63ARKAIINSAS
BOB JOHNSON, MA YOR
A OVED AST FORM
-A-1.
S E HANIE RIEDMAN, CITYATTORNEY