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RESOLUTION 2015-5

A RESOLUTION TO AUTHORIZE THE MAYOR TO
CONTACT, INVESTIGATE AND NEGOTIATE
CONCERNING THE ACQUISITION OF A PARCEL OF
REAL ESTATE
WHEREAS, the previous owners of 1. 9 acres of land situate on Main Dive have been
gracious and kind in allowing the City to periodically use the property for various activities; and,
WHEREAS, the property is now under different ownership and has been offered for
sale; and,
WHEREAS, this tract is uniquely located and situated within the City, having both
current utility and future uses for the City.
NOW, THEREFORE, BE IT R RESOLVED BY THE CITY COUNCIL OF THE
CITY OF JOHNSON, ARKANSAS, that
Section 1: The Council hereby expresses its interest in acquiring the parcel of real
estate consisting of 1.9 acres known as the triangle on Main Drive.
Section 2: The Mayor is hereby authorized to contact, investigate and negotiate with
the new owners (or their agent/representative) of this 1.9 acre parcel with a view to its being
acquired by the City.
Section 3: In furtherance of this investigation the Mayor may contact and discuss
with First Security Bank (or others) possible financing options available to the City.
Section 4: Any proposed offer, agreement or contract for acquisition of this parcel
shall be specifically made subject to final approval by this Council