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RESOLUTION V-0 ti::::-O 7 jC <br /> A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY <br /> WHEREAS,that the City of Batesville is in the process of acquiring property for the <br /> expansion of Riverside Park as voted for by the Citizens of Batesville;and <br /> WHEREAS, that the City is currently leasing property in a long term leaschold to <br /> Independence Count-,, Sheltered Work-ship, Inc. which is located on property designated for <br /> Riverside Park Expansion;and <br /> WHEREAS, that in order to honor the terms leasehold, the City wishes to purchase <br /> property,so that the Independence County Sheltered\Workshop. Inc. can lease said property and <br /> continue to benefit the Citizens of Batesville and allow the City to move forward on park expansion. <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 purchase of real property <br /> from BN Simpson I I(Mings,IJ-C, for the purchase price of S225,000,more or less,per the real <br /> estate purchase agreement which is attached hereto and incorporated herein by reference as Exhibit <br /> "r\". Said real estate purchase agreement contains a legal description of said property. <br /> SECTION 2: 'That this authorization is conditioned upon the Independence County <br /> Sheltered Workshop, 1.1.(: entering into a lease agreement with the City,per the terms of the <br /> attached lease attached hcroo as I?xhibit"B"and incorporated herein by reference. <br /> I)ASSI D \ND r\PPROV'I a7 this *-0- day of dune.202)I. <br /> Ael <br /> Rick Elumbaugh <br /> Mayor <br /> City of Batesville <br /> Denise Johnstoii <br /> Cite Clerk <br /> City of Batesville <br />