11/14/2017 Resolutions 2017-332RESOLUTION 2017-332
WHEREAS, the City of Grand Island ("City") desires to acquire land for the
location of a 911-Emergency Center and potential relocation of City's Fire Station No. 4; and
WHEREAS, contingent upon approval by the City's Council, City administration
negotiated the terms of a ground lease with option to purchase (the "Agreement") for the lease
and purchase of real estate of The Meadows Apartment Homes, L.L.C. ("Meadows"), said land
located at the Southwest Corner of North Road and 13th Street and described as follows:
A TRACT OF LAND COMPRISING A PART OF THE NORTH HALF OF
THE NORTHEAST QUARTER (Nl/2 NEl/4) OF SECTION FOURTEEN (14),
TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH
P.M., 1N HALL COUNTY, NEBRASKA, MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHEAST CORNER OF SAID NORTH HALF
OF THE NORTHEAST QUARTER (N1/2 NE1/4); THENCE ON AN
ASSUMED BEARING OF SO1°24'11"E, SOUTH ALONG THE EAST LINE OF
SAID N1/2 NE1/4, A DISTANCE OF 492.04 FEET, TO THE NORTHEAST
CORNER OF LOT 2, HANOVER SECOND SUBDIVISION; THENCE
S88°36'S1 "W, WEST ALONG THE NORTH LINE OF HANOVER SECOND
SUBDIVISION, A DISTANCE OF 330.07 FEET, TO THE NORTHWEST
CORNER OF LOT 2, HANOVER SECOND SUBDIVISION; THENCE
NO 1°23'27"W A DISTANCE OF 496.86 FEET TO A POINT ON THE NORTH
L1NE OF SAID N1/2 NE1/4; THENCE N89°27'02"E, EAST ALONG THE
NORTH L1NE OF SAID N1/2 NE1/4, A DISTANCE OF 330.00 FEET, TO THE
TO THE POINT OF BEGINNING.
SAID TRACT CONTAINS A CALCULATED AREA OF 163,176.08 SQUARE
FEET OR 3.746 ACRES MORE OR LESS OF WHICH 0.598 ACRES ARE
COUNTY ROAD RIGHT-OF-WAY,
(the "Land"); and
WHEREAS, the Land is not currently available for sale until June 12, 2018 due to
its acquisition by Meadows in an IRS Sec. 1031 exchange; and
WHEREAS, the terms of the Agreement provides for the Land to be leased to the
City commencing forthwith and terminating on June 30, 2018 for and in consideration of rent of
$1.00, and provides City with an option to purchase the Land by exercising an option to purchase
prior to June 30, 2018 for a purchase price of ONE HLTNDRED THREE THOUSAND FIFTEEN
AND NO/100 DOLLARS ($103,015.00); and
WHEREAS, the Agreement further provides City with an option to purchase an
additiona14.963 acre tract (the "Additional Land"); and �
Approved as to Form tt.'
November 13, 2017 tt f ty A ey
WHEREAS, as required by statute, an appraisal of the Land and the Additional
Land has been performed by a certified real property appraiser retained by the City;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, hereby finds as follows:
The location of the Land will provide a new 911-Emergency Center with
favorable separation from potential hazards existing at the present 911-Emergency Center
location and separation from City Hall, where the secondary 911-Emergency Center will
be located;
2. The Land is situated and located in an area that will provide western areas of the
City with favorable fire department response times from a new Fire Station No. 4 and
will accommodate anticipated patterns of City growth and development;
3. The Agreement provides the City with the necessary legal rights and opportunity
to evaluate the conditions of the Land and to commence planning, development, and
initial construction activities for a 911-Emergency Center;
4. The Agreement is in the best interests of the City and should be and is hereby
approved;
5. The City's Mayor should be and is hereby authorized and directed to execute the
Agreement in the name of and on behalf of the City;
6. The City's Mayor should be and is hereby authorized to give notice to Meadows
of City's exercise of the option to purchase the Land; and
7. The option to purchase the Additional Land shall not be exercised pending further
Council consideration and action.
Adopted by the City Council of the City of Grand Island, Nebraska, November 14, 2017.
Attest:
RaNae Edwards, City Clerk
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