03/11/2008 Resolutions 2008-93RESOLUTION 2008-93
WHEREAS, the City of Grand Island, Nebraska condemned certain real estate
belonging to Sapp Bros. Petroleum, Inc. as successor in interest to Poland Oil, Inc.; and
WHEREAS, Sapp Bros. Petroleum, Inc appealed the award of appraisers to the Hall
County District Court; and
WHEREAS, a settlement has been negotiated that is fair and reasonable;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the settlement is approved and the Mayor is
authorized to sign the settlement agreement which provides, in pertinent part:
That the Forty Thousand Seven Hundred Eighty Five Dollars ($40,785.00) deposited with
the Hall County Court in Case No. CI07-4107, together with any interest accrued thereon, may be
released to Sapp Bros. Petroleum, Inc.
The City of Grand Island, Nebraska, shall pay to Sapp Bros. Petroleum, Inc., the
additional sum of Forty Four Thousand Seven Hundred Fifty Eight Dollars ($44,758.00) in full
and complete settlement of all claims and damages arising out of the public taking of the subject
property.
Each party shall be responsible for its own costs and attorneys fees and no additional
interest will be due on the settlement except the interest that has accrued on the amount deposited
in County Court.
Nothing in this Stipulation is intended to affect the Ciry of Grand Island's ability to
specially assess the adjoining real estate for street improvements.
Adopted by the City Council of the City of Grand Island, Nebraska, March 11, 2008.
Mitchell Nickerson, President
Grand Island City Council
Attest:
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RaNae Edwards, City Clerk
Approved as to Form n _ ~
March 10, 2008 b City Attorney