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12/27/2016 Resolutions 2016-309RESOLUTION 2016-309 WHEREAS, the City of Grand Island's water system usage has increased to where additional capacity is required to allow future growth in the City, and an elevated storage tank is recommended by a recently completed Water System Master Plan; and WHEREAS, a site at the southwest corner of the Copper Creek housing area on Engleman Road between Potash Highway and Stolley Park Road (Copper Creek Estates Ninth Subdivision) was selected as best location meeting the requirement for the tank based on hydraulic characteristics of the water system and future community growth; and WHEREAS, discussion with'The Guarantee Group was held regarding the acquisition of the site with an agreement for the Utilities Department to purchase approximately five (5) acres for $110,000.00, an amount determined by an independent appraiser; and WHEREAS, the Legal Department drafted a Purchase Agreement for the purchase of the property in the appraised and agreed upon amount of $110,000.00. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Purchase Agreement with The Guarantee Group of the Copper Creek Estates Ninth Subdivision property in the amount of $110,000.00 is hereby approved and the Mayor is authorized to sign the Agreement on behalf of the City of Grand Island, Nebraska. Adopted by the City Council of the City of Grand Island, Nebraska, December 27, 2016. Attest: �0�1 142. craC.t�QJ'�. RaNae Edwards, City Clerk � Je my Jen n, M r ' -� r Approved as to Form � December 27, 2016 tt� i{y orney