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NO 91 <br /> BEFORE THE CITY COUNCIL <br /> OF THE CITY OF BATESVILLE, ARKANSAS <br /> A RESOLUTION AUTHORIZING THE CITY OF BATESVILLE <br /> TO ENTER INTO AN AGREEMENT WITH THE BATESVILLE JAYCEES <br /> REGARDING THE USE OF THE JAYCEE BUILDING <br /> AND THE MONIES DERIVED THEREFROM <br /> WHEREAS , the City of Batesville deeded certain land to the <br /> Batesville Jaycees on June 11 , 1966 conveying certain land in the <br /> West half of the Southwest Quarter of Section 16 , Township 13 <br /> North, Range 6 West in Independence County, now commonly known as <br /> the Jaycee Building; and <br /> WHEREAS , the Deed to the Jaycees from the City contained a <br /> reverter clause that provided as follows : <br /> In the event the Grantee ceases to be an active <br /> organization, or in the event the property herein <br /> conveyed ceases to be used for public purposes , then <br /> the property herein conveyed to the Batesville Jaycees <br /> shall automatically revert to the Grantor , the City of <br /> Batesville, Arkansas . <br /> and, <br /> WHEREAS , the City of Batesville passed Resolution Number 83- <br /> 8-1 on August 23 , 1983 authorizing the rental of the Jaycee <br /> Building to Multiway Associates for $600 . 00 per month; and <br /> WHEREAS , it was agreed between the City of Batesville and <br /> the Batesville Jaycees that the monthly rental be applied to <br /> improvements at White River Stadium, next to be donated by the <br /> Jaycees to the City for any Community Center undertaking begun by <br /> the City, and if no Community Center was begun within the lease <br /> period then the balance not used on improvements to the Stadium <br /> would be used for other community improvements with the approval <br /> of the City Council ; and <br />