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MEM; fifteen and ninety-one one -hundredths (15.91) acres of pi
located at the north end of the Veterans Administration Hospital Reservation
in Fayetteville, Arkansas, has been classified by the General Services
Administrat on^as surplus real estate, and
WHEREAS, under applicable provisions of the Federal Property and Admin-
istrative Services Act of 1949, Public Law 152, 81st Congress, as amended, the
City of Fayetteville does not have a priority for purchase of such surplus real
estate,and castto the. ci5y
!YEAS, the City of Fayetteville could only obtain such surplus real estate
for park purposes by payment in the sum of Five Thousand, Five Hundred Dollars
$5,500.00), less five per cent (5%) per annum of the unpaid fifty per cent (50%)
ofaca�++� �Mq,000.00
r valueMfor ea year the property was used for park purposes, and
WHEREAS, Fayetteville School District No. 1 under the provisions of the
Federal Property and Administrative Services Act of 1949, as amended, and the
regulations of the United States Department of Health, Education and Welfare, can
make application to acquire said surplus real estate for educational purposes
on a one hundred per cent (100%) public benefit discount basis by paying only
external administrative costs such as engineering surveys, appraisal fees, etc.,
providing such surplus real estate is put to the use as proposed within an
eighteen (18) month period following conveyance,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETr VILLE,
ARKANSAS,
That the City of Fayetteville, Arkansas, temporarily decline to file applica-
tion for acquisition of said surplus real estate in favor of the application of
Fayetteville School District No. 1 to acquire for school
Purposes; '7""(4.1 to eae..li•-ayeir edec /f.6. /
Dated this Al day of Febiu'ary, 1955.
4 den, ed e..4cCeAc to of Fayete vi//e, fes+ e #tses
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