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RESOLUTION NO. 2025-06-02-R <br /> A RESOLUTION AUTHORIZING THE CITY TO SETTLE INDEPENDENCE <br /> COUNTY,ARKANSAS CIRCUIT COURT CASE: CITY OF BATESVILLE v. HARRY B. <br /> STOKES POST NO. 4501,VETERANS OF FOREIGN WARS; CASE 32CV-24-141 <br /> WHEREAS,that the City of Batesville has been in the process of acquiring property for the <br /> expansion of Riverside Park as voted for by the Citizens of Batesville. Said property includes <br /> property located at 1680 Chaney Drive,Batesville,Arkansas ("Property"); <br /> WHEREAS,that the City has paid Harry B. Stokes Post No 4501,Veterans of Foreign <br /> Wars ("VFW") $610,000 for possession of said Property;and <br /> WHEREAS,that the above-referenced lawsuit is a condemnation action in which the VFW <br /> claims that the amount paid thus far is not fair and just compensation;and <br /> WHEREAS,that the leadership of the VFW voted unanimously to settle this case with the <br /> City of Batesville for the total amount of$878,750 on June 10, 2025,with the understanding that <br /> this sum includes the amount already paid for said property; <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 settlement of Independence <br /> County,Arkansas Civil Case No 32CV-24-171 by paying Harry B. Stokes Post No. 4501,Veterans <br /> of Foreign Wars ("VFW") the sum of$268,750. That upon payment of these funds the sum total <br /> paid by the city of Batesville for the property located at 1680 Chaney Drive to the VFW is $878,750. <br /> That the Mayor is hereby authorized to enter into a settlement agreement with the VFW reflecting <br /> these terms and release said funds per this resolution and said settlement agreement. <br /> PASSED AND APPROVED this 26`s day of jme,2025. <br /> Rick Elumbauj - <br /> Mayor <br /> City of Batesville <br /> dujwook"�h,_jf Vn-) <br /> Jessica Davis <br /> City Clerk <br /> City of Batesville <br />