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i <br /> j <br /> I <br /> RESOLUTION 7 7 <br /> (W <br /> WHEREAS, the Industrial Group Joint Venture, a Joint Venture <br /> I <br /> I <br /> composed of H. Paul Willmuth, Clem Moore, Edward L. House, Howard <br /> L. House, Doyle W. Rogers and Preston W. Grace, Sr. , have proposed! <br /> the acquisition, refurbishing and/or renovation, and leasing of <br /> THE FOLLOWING LANDS AND IMPROVEMENTS LYING AND BEING IN <br /> 9I <br /> II INDEPENDENCE COUNTY, ARKANSAS: i <br /> Part of the West Half of Section 10, Township 13 North, <br /> Range 6 West, described as follows: Beginning at a <br /> point on West line of Highway 167, said point being 106 j <br /> feet West and 659 feet and 10z inches South from the I <br /> quarter Section corner between Section 3 and 10, said <br /> point being also the Southeast corner the Felts <br /> „Motel Tract, (see Deed recorded Book "Y-6" , page 381) , <br /> thence North 84 degrees West along the South line of <br /> I said tract and extension thereof 861 feet to a point; <br /> thence South 200 feet to a point; thence West 300 feet <br /> y to a point; thence South 200 feet to a point, thence , <br /> West 914 feet to a point on the East Right of Way line 1 <br /> of Missouri Pacific Railroad; thence along said East <br /> Right of Way line, South 36 degrees East 1300 feet and <br /> South 32 degrees East 1120 feet to the West Right of i <br /> i� Way line of Highway 167; thence along said West Right <br /> of Way line North 32 degrees East 900 feet; thence <br /> North 21 degrees East 300 feet; thence North 15 degrees <br /> East 483 feet; thence North 800 feet to place of <br /> beginning. <br /> (the "Project") which will result in public benefits and will be j <br /> in the best interests of the City of Batesville, Arkansas (the { <br /> "City") and its citizens; <br /> E <br /> WHEREAS, the proposed project will provide needed employment <br /> i <br /> in the City and in Independence County, Arkansas and will create # <br /> jobs for the City' s citizens; { <br /> WHEREAS, this proposal has been submitted to the City Council1 <br /> for its determination and study, subject to the conditions and i <br /> provisions hereinafter stated; and q <br /> unemployment prevent WHEREAS, the proposed pro0ect will p p yment and <br /> loss of population, will improve the local tax structure will <br /> (reduce crime and disease and other hazards to persons and property, <br /> and will be of general public benefit; and <br /> i <br /> s <br /> i <br /> f <br />