08/19/2008 Ordinances 9178ORDINANCE NO. 9178
An ordinance directing and authorizing the sale of real estate to Grand Island
Area Economic Development Corporation; providing for the giving of notice of such conveyance
and the terms thereof; providing for the right to file a remonstrance against such conveyance;
providing for publication and the effective date of this ordinance.
BE IT ORDAINED BY THE MAYOR AND COUNCII, OF THE CITY OF
GRAND ISLAND, NEBRASKA:
SECTION 1. The City of Grand Island, Nebraska, will convey to Grand Island
Area Economic Development Corporation a tract of land legally described as:
Lot Eight (8) Platte Valley Industrial Park Third Subdivision to the City of Grand
Island, Hall County, Nebraska
SECTION 2. In consideration for such conveyance the purchaser shall pay the
City the sum of One Hundred Twenty-Five Thousand Eight Hundred Twenty and No/100
Dollars ($125,820.00). The buyer will be responsible for the costs of recording the deed and one
half the cost of a title insurance owner's policy and all the cost of any lender's policy.
Conveyance of the real estate above described shall be by warranty deed, upon payment of the
consideration pursuant to the terms and conditions of an Agreement for Warranty Deed between
the parties.
SECTION 3. As provided by law, notice of such conveyance and the terms
thereof shall be published for three consecutive weeks in the Grand Island Independent, a
newspaper published for general circulation in the City of Grand Island. Immediately after the
passage and publication of this ordinance, the City Clerk is hereby directed and instructed to
prepare and publish said notice.
Approved as to Form a 1 ~~_
August 18, 2008 a City Attorney
ORDINANCE NO. (Cont.)
SECTION 4. Authority is hereby granted to the electors of the City of Grand
Island to file a remonstrance against the conveyance of such within described real estate; and if a
remonstrance against such conveyance signed by registered voters of the City of Grand Island
equal in number to thirty percent of the registered voters of the City of Grand Island voting at the
last regular municipal election held in such City be filed with the City Council within thirty days
of passage and publication of such ordinance, said property shall not then, nor within one year
thereafter, be conveyed.
SECTION 5. The conveyance of said real estate is hereby authorized, directed
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and confirmed; and if no remonstrance be filed against such conveyance, the Mayor shall make,
execute and deliver to Grand Island Area Economic Development Corporation a warranty deed
for said real estate, and the execution of such deed is hereby authorized without further action on
behalf of the City Council.
SECTION 6. This ordinance shall be in force and take effect from and after its
passage and publication, within fifteen days in one issue of the Grand Island Independent as
provided by law.
Enacted: August 19, 2008.
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Attest:
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RaNae Edwards, City Clerk
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Approved as to Form . _
2 ' August 18, 2008 ~ City Attorney