City property purchases and eminent domain
Where it standsIn February 2026 the council voted 6-2 to authorize buying 110 East Hunt Street, including by eminent domain, after a new appraisal.
What's on the tableWhether and how the city uses eminent domain and economic development money to acquire property.
- A similar resolution was adopted at the October 13, 2025 meeting, when the appraised value was $227,000. Paragould City Council minutes, February 23, 2026 · Feb 23, 2026
- Mayor Agee told the council a new appraisal put the property at $656,000, and it would be bought with the economic development fund, which had a balance of about $800,000. Paragould City Council minutes, February 23, 2026 · Feb 23, 2026