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BEFORE THE CITY PLANNING COMMISSION <br />CITY OF BATESVILLE, ARKANSAS <br />IN RE: APPLICATION OF CITIZENS FINANCE CORPORATION <br />On the 3rd day of November, 1970, Citizens Finance <br />Corporation, owners of the following described property <br />situated in the City of Batesville, Arkansas: <br />Fractional Lots 5 and 6 in Block 56 <br />of the School Addition to the City of <br />Batesville, Arkansas. <br />requested the City Planning Commission to rezone the above <br />described property from a Residential Zoning District <br />classification R-2 to a Commercial Zoning District <br />classification C-2; that notice of the hearing was had <br />by publication in the Batesville Guard on the 7th day <br />of October, 1970, and proof of publication of said notice <br />has been filed with the Commission in the form and manner <br />required by law; that the Commission finds that the <br />property is situated so that it is best for use as <br />commercial property and to allow the classification of <br />residential property to remain would result in a large <br />financial loss to the petitioners; that at the present <br />time the property that is adjacent to this property is <br />being used for commercial purposes under rezoning order <br />earlier made by this Commission; that the ultimate plan <br />and program of the City Council and the City Planning <br />Commission will not be prejudiced in any way by the pro- <br />posed change and that the change would be to the best <br />interest of not only the petitioners but to the City of <br />Batesville, Arkansas. <br />That this is the first application filed by <br />the petitioners for proposed change; that the petitioners <br />have paid the fees as required by law for the filing of <br />same; and the finding of the Commission is that the classi- <br />fication should be changed from R-2 residential to C-2 <br />commercial as asked for in the petition. <br />