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r. <br /> WHEREAS , the City of Batesville and the Batesville Jaycees <br /> desire to continue the rental arrangement with Multiway <br /> Associates without the necessity of the City exercising its <br /> rights under the reverter clause while reserving and maintaining <br /> those rights , and the Jaycees desire to donate the funds to the <br /> City of Batesville heretofore collected and insure appropriate <br /> use of the rental proceeds in the future; now <br /> BE IT THEREFORE RESOLVED: <br /> 1 . That the City of Batesville and the Batesville Jaycees <br /> should enter into a lease agreement with Multiway Associates , a <br /> copy of which is attached hereto and incorporated herein by <br /> reference. <br /> 2 . That the language and spirit of Resolution Number 83-8-1 <br /> of the City Council of Batesville, Arkansas is adopted by <br /> reference herein. <br /> 3 . That the rental money received from Multiway Associates <br /> for the use of the Jaycee Building would be paid to the <br /> "Batesville Jaycee/City of Batesville Improvement Trust" . <br /> 4. That the rental money heretofore collected total <br /> approximately Fifty Seven Thousand Dollars ($57 ,000 .00) will be <br /> placed into the Trust account and disbursed as set out <br /> hereinbelow. <br /> 5 . That the Trustees of the Batesville Jaycee/City of <br /> Batesville Improvement Trust shall be the Mayor of the City of <br /> Batesville, the President of the Batesville Jaycees and the Trust <br /> Office of the Citizens Bank of Batesville, or his successor . <br />