03/11/2014 Resolutions 2014-57 RESOLUTION 2014-57
WHEREAS, the City of Grand Island is proposing to transfer the property at 1306
West 3rd Street(One-Stop property) from a general fund asset to an enterprise fund asset; and
WHEREAS,the City obtained an appraisal to determine the fair market value for the
One-Stop property and concur the value of the property to be $511,000; and
WHEREAS,the Mayor and City Council have approved the transfer of the property
to the City Utilities Depal tment and established a fair market value of$594,000 or net book value at
the time of transfer.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND,NEBRASKA, that the property located at 1306 West 3rd Street
shall be transferred for a fair market value of$594,000 000 or net book value at the time of transfer
to the Utilities Department for their use and benefit.
Adopted by the City Council of the City of Grand Island, Nebraska, March 11, 2014.
Jay avrit'ek, Mayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form ^dam;%t4
March 12,2014 a CI •ney