0691 000133
RESOLUTION NO, 691 (#17 - 2012)
A RESOLUTION IN SUPPORT OF THE PURCHASE OF ONE HUNDRED
SIXTY(16 O)ACRES FOR THE DEVELOPMENT O F A SPORT SHOOTING
RANGE FACILITY FOR THE CITY AND SECURING A SHORT TERM NO
INTEREST LOAN FOR SAID PURPOSE;AND, FOR OTHER PURPOSES.
WHEREAS, the sport of skeet and trap shooting, as well as 3D Archery, has
become quite popular, particularly among Southern States, and Arkansas is without a
large sport shooting facility that could support State, Regional, and National tournaments.
In providing such, communities enjoy the benefits of travelers, community guests, and a
substantial economic impact from tournaments and their participants;
WHEREAS, through efforts by First Arkansas Bank&Trust, it has become possible
to secure a short term [Forty-five (45) days] No Interest loan in an amount sufficient to
complete the purchase of the One Hundred Sixty (160) acre parcel on Graham Road
owned by the Wilson Family Limited Partnership and the Peacock Limited Partnership for
the construction of a Fourteen (14) station Sport Shooting Range with a 3D Archery
facility upon certain conditions and commitments by the City; and,
WHEREAS, there are few parcels of real estate that satisfy all of the requirements
for such a facility within our area, and City leaders have determined this parcel to be
sufficient for the planned facilities.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF JACKSONVILLE,ARKANSAS, THAT:
SECTION ONE: The City Council of Jacksonville, Arkansas, supports the
purchase of real estate sufficient for the construction and operation of a Fourteen (14)
station Sport Shooting Range within the City of Jacksonville. As a result, the Council
authorizes Mayor Fletcher and City Clerk Davitt to execute and submit a Loan Application,
a Promissory Note, and any other documents or instruments required to secure a short
term [Forty-five (45) days] No Interest loan from First Arkansas Bank & Trust for the
purchase of a One Hundred Sixty(160) acre parcel on Graham Road owned by the Wilson
Family Limited Partnership and the Peacock Limited Partnership in an amount not to
exceed Four Hundred Eighty Thousand Dollars ($480,000.00),together with closing costs
and associated fees.
-000134
RESOLUTION NO. 691 (#17-12)
Page Two
SECTION TWO: 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hereby repealed to the extent of said conflict.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 20th DAY OF DECEMBER, 2012.
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-MAYOR l'Y FLETCHER
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APPROVED AS TO FORM:
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ROB 2T E.'BAM URG, CIT)V ORNEY
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