HomeMy WebLinkAbout2003-01-01-R �w
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RESOLUTION NO.
A RESOLUTION AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY
TO WHITE RIVER PETROLEUM COMPANY, INC. AND FOR OTHER
PURPOSES
WHEREAS, The City of Batesville is the owner of a tract of land that presently has no
public or governmental use or purpose; and
WHEREAS, said tract of land will have no public or governmental use in the foreseeable
future; and
WHEREAS, White River Petroleum Company, Inc. has expressed a desire to purchase
said land from the City of Batesville for $25,600.00 which includes the fair market value
as determined by appraisal, the cost for survey and cost for appraisal; and
WHEREAS, the city is desirous of accepting the offer of White River Petroleum
Company, Inc.; and
WHEREAS, the city is granted the authority to sell unused property under Arkansas
Code Annotated 14-54-302;
NOW, THEREFORE BE IT RESOLVED that the mayor is authorized to execute any
contracts or conveyances necessary to convey the following described property to
White River Petroleum Company, Inc.
A tract of land being a part of Lot 2 and a part of Lot 3 of Block 3 of the Cottonyara Aaaition
to the City of Batesville. Independence County, Arkansas, more particularly described as follows:
commencing at the southeast corner of said Lot 3:
thence N 89'04'54" W along the south line of said Lot 3, 88. 14 feet to the point of beginning;
thence continue N 89104'54" N along said south line. 143.86 feet to the most southerly
southwest corner of said Lot 3;
thence N 38'19'54" W along the south and west line of said Lot 3, 28.81 feet to the most
westerlyy southwest corner of said Lot 3;
thence N 02'35'05" E alon the west line of said Lot 3 and said Lot 2, 121.39 feet to the
southwest corner of the S�ms tract as shown on asurvey by Burton Arnold (dated 11/04/65);
thence S 89'04'51" E along the south line of said Sims tract 249.14 feet:
thence S 01 '53'30" N, 57.0 feet to the south line of said Lot 2;
thence N 89'04'54" W along the north line of said Lot 3, 88.14 feet:
thence S 01 '53'30" W. 86.67 feet to the point of beginning.
This tract contains 0.64 acres, more or less. and is subject to any and all easements.
Be it further resolved that the City of Batesville accepts $25,600.00 with said sum
representing the fair market value and associated costs for the subject property from
White River Petroleum Company, Inc.
IT IS SO RESOLVED this-,-)- r�day of January, 2003.
)Jo�%�iard, Mayor
ATTEST:
lot),\.c
Denise Jofmton,CWy Clerk