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RESOLUTION # <br />A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY ALONG <br />MILLER CREEK <br />WHEREAS, that the City of Batesville wishes to expand recreational opportunities for the <br />health and wellbeing of its residents, as well as residents of Independence County; and <br />WHEREAS, that in order to meet this goal, the Cite is planning to Construct the Batesville <br />Heritage Nature Trail; and <br />WHEREAS, that said trail would require the purchase of a tract of land of 84.25 acres, <br />more or less, along miller Creek and the Missouri Pacific Railroad owned bN. PDGII, LLC; and <br />WHEREAS, that First Community Bank has generously pledged to donate S20,000 per year <br />to the City of Batesville for the next five years to go toward the purchase price of said prop", with <br />said donation totaling S 100,000. <br />NOW, THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE <br />CITY OF BATESVILLE, ARKANSAS <br />SECTION 1: That the City of Batesville hereby authorizes the purchase of real proper" <br />from PDGH, LLC, for the purchase price of S525,000, more or less, per the real estate purchase <br />agreement which is attached hereto and incorporated herein by reference. Said real estate purchase <br />agreement contains a legal description of said property. <br />PASSED AND APPROVED this _'' day of January, 2024. <br />Rick Elumbau-h <br />Mayor <br />City of Batesville <br />Denise Johnston <br />City Clerk <br />City of Batesville <br />