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1554RESOLUTION NO. I ~~ A RESOLUTION AUTHORIZING THE MAYOR AND THE CITY CLERK TO NEGOTIATE AN AGREEMENT FOR THE USE OF THE BUILDING LOCATED AT 1 I I S. 2ND STREET, WEST MEMPHIS, ARKANSAS. WHEREAS, The City of West Memphis owns the property located at 111 S. 2nd Street ,West Memphis, Arkansas, and WHEREAS, Said property is dilapidated and in dire need of repairs, and WHEREAS, It has been brought to the City Council's attention there has been an interest shown in the acquirement of this property; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, THAT: SECTION 1. The Mayor and City Clerk are hereby authorized to negotiate an agreement for the use of said property with any interested party. SECTION 2. Said agreement will be brought back before the City Council for final approval. SECTION 3. This Resolution shall be in full force and effect from and after its passage and approval. PASSED and APPROVED this 5.~.~ day of 1~ch;-~~ r., , 1998. AL BOALS, MAYL~R ATTEST: ~'~J DAN C T, CITY CLERK