12/19/2006 Resolutions 2006-363
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RES 0 L UTI 0 N 2006-363
WHEREAS, on May 9, 1979, the City of Grand Island entered into a lease agreement
for highway purposes for the intersection at Third and Blaine Streets in Grand Island, with The St.
Joseph and Grand Island Railway Company, a corporation ofthe State of Kansas and Nebraska, and
its lessee, Union Pacific Railroad Company, a corporation of the State of Utah, ; and
WHEREAS, the City of Grand Island and the Union Pacific Railroad Company are
interested in continuing the provisions of such lease agreement by way of a Renewal Rider
Agreement; and
WHEREAS, the City of Grand Island agrees to pay Union Pacific Railroad rent in the
amount of$10,500.00, effective October 23,2006; and
WHEREAS, the term of said lease shall be for a term commencing retroactively to
May 8, 2004, and shall extend to May 7, 2029; and
WHEREAS, the proposed Renewal Rider Agreement has been reviewed and
approved by the Interim City Attorney.
NOW, THEREFORE, BE IT RESOL YED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Renewal Rider Agreement between the
City of Grand Island and the Union Pacific Railroad for highway purposes for the intersection at
Third and Blaine Streets in Grand Island, Nebraska, is hereby approved; and the Mayor is hereby
authorized and directed to execute such Renewal Rider Agreement on behalf of the City of Grand
Island.
Adopted by the City Council of the City of Grand Island, Nebraska, December 19, 2006.
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Margare ornady, Mayor
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Attest:
Q~~ (ill <(}:j wu4b.
RaNae Edwards, City Clerk
Approved as to Form C
December 14, 2006