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RESOLUTION#_ 00),Y jr D7"/� <br /> A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY ALONG <br /> MILLER CREEK <br /> WHEREAS, that the City of Batesville«yishes to expand recreational opportunities for the <br /> health and wellbeing of its residents, as well as residents of Independence Count};and <br /> WHEREAS, that in order to meet this goal, the Croy 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 by PDGH, LLC; and <br /> WHEREAS, that First Communin,Bank has generously pledged to donate S20,000 per year <br /> to the Cin•of Batesville for the nest five}ears to go toward the purchase price of said property,,with <br /> said donation totaling$100,000. <br /> NOW,THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE <br /> CITY OF BATESVILLE,ARKANSAS <br /> SECTION 1:That the Cite of Batesville hereby authorizes the purchase of real property <br /> from PDGH,LLC, for the purchase price of$525,000, 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 daty of January,2024. <br /> Rick Elumbaugh <br /> Mayor <br /> City of Batesville <br /> Denise Johnston <br /> City Clerk <br /> City of Batesville <br />