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Resolution 2016-04

 
RESOLUTION  NO. 2016-04
A RESOLUTION AUTHORIZING EXCUTION OF PRELIMINARY AGREEMENT WITH   TRIANGLE BUILDER'S SUPPLY, INC., AND AUTHORIZING
APPLICATION FOR A GRANT
 
WHEREAS, the City has been approached about the possible location of an entertainment/recreational facility within Johnson.
WHEREAS, such facility may be developed on land which would eventually be transferred to the City.
WHEREAS, there is a significant question concerning the suitability of such land for development of the proposed facility and investigation in that regard is warranted.
WHEREAS, City has received a proposal to conduct such investigation by a qualitfied entity and the City may qualify for a one hundred percent (100%) grant to pay the cost of such investigation.
BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF JOHNSON, ARKANSAS:
Section 1:  That the Johnson City Council hereby fully supports and agrees to the potential  location of an entertainment /recreational facility within the City and authorizes investigation  as hereinafter outlined into development of same.
Section  2: That  the  Mayor  and  Recorder-Treasurer   are  hereby  authorized  to  enter  into and execute the Preliminary Agreement  attached herdo obtaining for the City and its inhabitants the benefits thereof.
Section 3: That in furtherance of such Preliminary Agreement the Mayor and Recorder-Treasurer are authorized to cooperate with HCH and Triangle Builder's Supply INC. to apply for a grant from the Walton Family Foundation and/or others to fund the due diligence mentioned in such Preliminary Agreement and to take such other actions as  are  resonably, necessary to carry out the intentions of such Preliminary Agreement.
Section 4: Should grant  funds be secured to obtain the  investigation services necessary to perform the mentioned due diligence. another resolution will be required to authorize execution of any agreement with GTS. Inc. ,or others for their 
servieces in that reguard.
PASSED AND APPROVED  this 12th day of April 2016.
 
ATTEST:
 
*Please see attachment for complete document