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HomeMy WebLinkAbout2019-12-01-R RESOLUTION # 0?01 Q- /a -DI--K A RESOLUTION AUTHORIZING THE PURCHASE OF 19 ACRES LOCATED ON HIGHWAY 167 ASCENDING RAMSEY MOUNTAIN WHEREAS,Batesville, Independence County,and Southside recognize their respective obligation to provide green spaces for use by the general public for recreation,aesthetics,and other purposes; WHEREAS, Batesville, Independence County, and Southside have limited financial resources with which to provide for such greens spaces; WHEREAS,Batesville, Independence County,and Southside desire to maximize revenues and the benefits the citizens derive therefrom by dividing the financial obligations for a green space and/or park where all three parties have an interest;- WHEREAS,Batesville, Independence County,and Southside desire to enter into an Interlocal Agreement whereby all three parties would purchase the 19 acres ascending Ramsey Mountain on Highway 167 for the purchase price of approximately$137,830.81; and WHEREAS, Batesville, Independence County,and Southside agree to pay an equal share of the sale price of said lands,which is $45,943.60 and any associated closing costs and/or title insurance. NOW,THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF BATESVILLE,ARKANSAS SECTION 1: The City of Batesville hereby authorizes the Mayor to enter into an Interlocal Agreement with the City of Southside,Arkansas and Independence County,Arkansas, for the purchase of approximately 19 acres ascending Ramsey Mountain on Highway 167, South of Batesville, for the purchase price of$45,943.60, more or less,with any closing costs to be divided equally by the parties. PASSED AND APPROVED this day of December,2019. Rick El r City of Batesville AT EST: Denise Johnston, CVy Clerk City of Batesville