HomeMy WebLinkAbout14-68 RESOLUTIONRESOLUTION NO. /9— e (J
A RESOLUTION AUTHORIZING ACCEPTANCE OF ASSIGNMENTS OF CERTAIN OPTIONS
TO PURCHASE LAND FROM. THE FAYETTEVILLE (ARKANSAS) CHAMBER OF COMMERCE,
INC.
WHEREAS, certain options to purchase land for a proposed indus-
trial park in the City of Fayetteville, Arkansas have been obtained by
The Fayettevills (Arkansas) Chamber of Commerce from Robert Lee Combs
and Margie M. Combs, his wife, Della Anne Gustafson and Arkansas Western
Production Company, Inc., and
WHEREAS, the said Chamber of Commerce has assigned said options
to the City of Fayetteville, Arkansas, in order that the City may exer-
cise said options in the event said industrial park project is under-
taken; and
WHEREAS, the City of Fayetteville, Arkansas agrees to reassign
said options to the Chamber of Commerce in the event said project is
not undertaken by reason of disapproval by the voters of the issuance
of Amendment 49 Bonds or disapproval of the EDA grant needed for said
project or for some other cause.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF FAYETTEVILLE, ARKANSAS:
That the assignments of said options to purchase land (copies
of said assignments and options being annexed hereto) are hereby accept-
ed and the Mayor and City Clerk are hereby authorized and directed to
execute the acceptance of said assignments in behalf of the City of
Fayetteville, Arkansas. �,� ��
PASSED AND APPROVED this c4A/Aviday of 24.2 C , 1968.
ATTEST:
GEORGE S/. D tS, CITY CLERK
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r4 t h4. n,
APPROVED:
i
DON
TRUMBO, MAYOR