0290 /11/4
RESOLUTION NO. 2 9 0- 8 1
A RESOLUTION AUTHORIZING THE PURCHASE AND DEVELOPMENT OF THE SUNNY -
SIDE HILLS SHOPPING CENTER PROPERTY FOR USE AS AN ELDERLY CENTER AND
PARK SITE AND FOR ALL OTHER PROPER PURPOSES
WHEREAS, the Jacksonville Elderly Activities Program (JEAP) has
the option to purchase the Sunnyside Hills Shopping Center property
for use as an elderly program and park site at a cost of $62,500
plus certain tax and insurance expenses;
WHEREAS, JEAP worked with the City of Jacksonville, Arkansas,
(City) in campaigning for voter approval of a $250,000 bond issue to
develop such an elderly program site and park;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF JACKSONVILLE,
ARKANSAS, THAT:
Section 1. For and in consideration of the assignment by JEAP to
the City of its option to purchase, the City hereby agrees that said
property shall be purchased and that JEAP shall have the right to lease
the subject premises being purchased with the bond proceeds for a 50-
year term at an annual rental of $1.00 per year and that JEAP shall
further have the right to proceed with its architect in the development
of said center and park site according to representations made to the
voting public prior to the bond election.
Section 2. This resolution being necessary for the immediate
preservation of the public health, safety, welfare and morale of the
citizens of the City of Jacksonville, Arkansas, an emergency is hereby
declared to exist and this resolution shall have full force and effect
immediately after its passage.
APPROVED AND ADOPTED THIS 5th DAY OF November , 1981.
AYOR
ATTEST:
AO -/ i / O. : , , _..
CITY CL RK
VED ASORM:
C I Y ATTORNEY