HomeMy WebLinkAbout2024-03-05-R RESOLUTION #
A RESOLUTION AUTHORIZING THE SALE OF THE PROPERTY TO GROW
MORE FINANCIAL INVESTMENTS, LLC.
WHEREAS, the City of Batesville wishes to encourage growth and tourism;and
WHEREAS, the City currently owns property west of Oaklawn Cemetery;and
WHEREAS, that Financial Investments, LLC wishes to purchase said property to construct
a hotel.
NOW, THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE
CITY OF BATESVILLE,ARKANSAS
SECTION 1:That the City of Batesville hereby authorizes the sale of the property located
South of EMS Drive, East of 14" Street and Chaney Drive, and west of the western annex of
Oaklawn Cemetery to Grow More Financial Investments,LLC for the purchase price of$550,000,
more or less.
PASSED AND APPROVED this 9Lt' day of March, 2024.
Rick Elumbaugh, Mayor
ATTEST:
Denise Johnston, City Cler