2085 RESOLUTION# taD 8 5
A RESOLUTION APPROVING THE TRANSFER
OF CERTAIN REAL PROPERTY LOCATED AT
1002 FERGUSON FROM THE CITY OF WEST
MEMPHIS TO THE GOOD NEIGHBOR CENTER
FOR USE IN THE HOPE-3 PROGRAM AND
AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE THE DEEDS AND FOR OTHER
PURPOSES
WHEREAS, A.C.A. Section 14-54-302 authorizes municipalities to buy real property
upon authorization by written resolution of the City Council; and
WHEREAS, the U.S. Bank National Association, as trustee for Structured Asset
Securities Corporation, Mortgage Pass-Through Certificates, Series 2006-EQ1 has real
property located at 1002 Ferguson, West Memphis, Arkansas, which it has donated to
the City of West Memphis; and
WHEREAS, the City of West Memphis desires to transfer such real property
to the Good Neighbor Center to be utilized as part of the HOPE-3 Program and to be
transferred pursuant to the guidelines of the HOPE-3 Program to qualified recipients;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WEST MEMPHIS, ARKANSAS, THAT:
The transfer by the City of West Memphis of the real property located at 1002 Ferguson,
West Memphis, Arkansas, to the Good Neighbor Center to be utilized as part of the
HOPE-3 Program, is hereby approved and the Mayor and City Clerk are hereby
authorized and directed to execute the deeds or other appropriate instruments to transfer
title from the City of West Memphis to the Good Neighbor Center and to take any and all
actions necessary to accomplish such transfers.
ADOPTED this to.14‘ day of AUY5t , 2015.
William H. Johnson, Mayor
Attest: RECEIVED
JUL 3 0 20f5
'+ cit'Y F WNW MOMPHiS
Phillip Para, City Clerk CITY CLEWS OFFICE