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RESOLUTION # <br />A RESOLUTION AUTHORIZING THE SALE OF THE PROPERTY TO GROW <br />MORE FINANCIAL INVESTMENTS, LLC. <br />WHEREAS, the City of Batesville wishes to encourage growth and tourism; and <br />WHEREAS, the City currently owns property west of Oaklawn Cemetery; and <br />WHEREAS, that Financial Investments, LLC wishes to purchase said property to construct <br />a hotel. <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 sale of the property located <br />south of Ems Drive, East of 14`h Street and Chaney Drive, and west of the western annex of <br />Oaklawn Cemetery to Grow More Financial Investments, LLC for the purchase price of $550,000, <br />more or less. <br />PASSED AND APPROVED this th day of March, 2024. <br />Rick Elumbaugh, Mayor <br />ATTEST: <br />Denise Johnston, City Clerk <br />