HomeMy WebLinkAbout10-79 RESOLUTION•
RESOLUTION NO. IQ-rjC
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE
AGREEMENTS TO ACQUIRE PROPERTY ON CENTER STREET OWNED BY KATHRYN
COATNEY TO CONSTRUCT A CONTINUING EDUCATION CENTER.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Mayor and City Clerk are hereby
authorized to execute an option with Kathryn as optionor,
and the City of Fayetteville and the Fayetteville Housing Authority
as optionees, to purchase the property owned by Kathryn
the Northeast corner of the intersection of Center Street and
East Avenue for a total purchase price of $71,500.00.
Section 2. That the Mayor and City Clerk are hereby
authorized to execute an agreement with the Fayetteville Housing
Authority pursuant to which the City of Fayetteville agrees to
pay the difference between the option price ($71,500.00) for the
purchase of the property described in Section 1 above, and the
amount tendered into Court in the Emminent domain proceding filed
by the Fayetteville Housing Authority to condemn said property.
PASSED AND APPROVED this %- day of 4
1979.
ATTEST.
,:, -t'
,S'CITY CLERK4
APPROVED:
OWo e 9
MAYOR
MICROF,bE 4 tSII
DATE�_�
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