06/10/2008 Resolutions 2008-152RESOLUTION 2008-152
WHEREAS, the City of Grand Island, Nebraska condemned certain real estate
belonging to John R. Menard; and
WHEREAS, John R. Menard 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 One Hundred Twenty-Six Thousand Two Hundred Thirty Dollars ($126,230.00)
deposited with the Hall County Court in Case No. CI07-4107, together with any interest accrued
thereon, may be released to John R. Menard.
The City of Grand Island, Nebraska, shall pay to John R. Menard, the additional sum of
Thirty-Seven Thousand Two Hundred Eighty-Three Dollars and Sixty-Six Cents ($37,283.66) 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 City 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, June 10, 2008.
Margare ornady, Mayor
Attest:
~a~ 4.Q. CAL
RaNae Edwards, City Clerk
Approved as to Form ~
June 9, 2008 ^ City Attorney