11/14/2017 Ordinances 9666I
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ORDINANCE NO. 9666
An ordinance approving a Purchase - Sale Agreement for the conveyance of
property between the City of Grand Island ("City") and Menard, Inc., a Wisconsin corporation
("Purchaser"); providing for the giving of notice of such conveyance and the terms thereof;
providing for the right to file a remonstrance against such conveyance; and providing for
publication and the effective date of this ordinance.
BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF
GRAND ISLAND, NEBRASKA:
SECTION 1. The Purchase - Sale Agreement between City and Purchaser is
hereby approved and authorized with respect to City's conveyance to Purchaser the following
described real estate utilized by the City as Fire Station No.4 located at 3690 West State Street,
Grand Island, to wit:
Lot One in State Subdivision in the City of Grand Island, Hall County, Nebraska
(the "Property").
SECTION 2. In consideration for such conveyance the Purchaser shall pay
$103,015.00 cash consideration at closing and, as additional consideration, within two years of
closing Purchaser shall construct and convey to City a new fire station pursuant to construction
plans and specifications and a development agreement as mutually agreed to by City and
Purchaser prior to closing. The Purchaser will be responsible for the costs of recording the deed,
title insurance, and closing costs. Conveyance of the real estate above described shall be by
warranty deed pursuant to the terms and conditions of the Purchase - Sale Agreement between
City and Purchaser.
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Approved as to Form tt�
November 13, 2017 ity orney
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ORDINANCE NO. 9666 (Cont.)
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.
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 petition against such conveyance is 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 city 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. Contingent upon City and Purchaser mutually agreeing upon
construction plans, specifications and a development agreement prior to closing, the conveyance
of said real estate is hereby authorized, directed and confirmed; and if no remonstrance be filed
against such conveyance, the Mayor may make, execute and deliver to Menard, Inc., 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. Any ordinances or parts of ordinances in conflict herewith be, and
hereby are, repealed.
SECTION 7. This ordinance shall be in force and take effect from and after its
passage and publication in one issue of the Grand Island Independent as provided by law.
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ORDINANCE NO. 9666 (Cont.)
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Enacted: November 14, 2017.
Attest:
RaNae Edwards, City Clerk
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