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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" 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 9Lt' day of March, 2024. <br /> Rick Elumbaugh, Mayor <br /> ATTEST: <br /> Denise Johnston, City Cler <br />