HomeMy WebLinkAbout110-90 RESOLUTION 110C-90RESOLUTION NO. iinr-qn
A RESOLUTION AUTHORIZING THE PURCHASE OF
PROPERTY LOCATED BETWEEN DEANE SOLOMON ROAD,
THE U.S. 71 BYPASS, AND LYING NORTH OF MOORE
LANE.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Board of Directors hereby authorizes
$1,266,610.00 for the purchase of property located between Deane
Soloman Road, the U.S. 71 Bypass and lying north of Moore Lane to
be used as the North Industrial Park, containing approximately
289.275 acres, more or less. A copy of Lindsey & Associates, Inc.
Industrial Park Breakdown is attached hereto and made a part
hereof.
PASSED AND APPROVED this 1.3th
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SATI'EST: 'L .?
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City C rk .'
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day of July
APPROVED:
By : (//&4S
Mayor
, 1990.
Lindsey & Associates, Inc.
3900 FRONT STREET P.O. BOX 1174 FAYETTEVILLE. ARK. 7 27 02 (501) 521.6611
TNDt7STRSAL PARK BRB,AKDOWN
ACREAGE(Per Survey) PRICE TOTAL
102.885 $7,000 per acre $720.195
120.08Total price $350,000
13.76 $4.000 per acre $ 55,040
42.55 $2,500 per acre $106,375
10.00 Total price $ 35,000
Grand Total $1,266,610
OWNER
tact E.
(roc f 8 Don Mills
}-oct 14 Sonneman
Tract L Hyland Park Inc.
acf" D Cuozao
This is calculated based on offer and acceptances.
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