12/19/2017 Ordinances 9673-.�.�
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An ordinance approving a Purchase - Sale Agreement for the conveyance of
property between the City of Grand Island ("City") and Lyne Realty, L.P., 2201 Scott Avenue,
Fort Worth, Texas ("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 l. 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 located at 4808 Gold Core Drive, Grand Island, to wit:
Platte Valley Industrial Park Third Subdivision to the City of Grand Island, Lot
13, Hall County, Nebraska (the "Property")
Return to:
RaNae Edwards
City Clerk
100 East 1st Street
Grand Island NE 68801
Approved as to Form tt
December 19, 2017 i ttorney
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ORDINANCE NO. 9673 (Cont.)
20170867g
SECTION 2. In consideration for such conveyance the Purchaser shall pay
$325,000 cash consideration at closing and, as additional consideration the Purchaser will be
responsible for the cost of recording the deed, and one-half of the costs for the 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 Farm, Ranch and Land Purchase Agreement between City and
Purchaser.
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
Is1and 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. Any ordinances or parts of ordinances in conflict herewith be, and
hereby are, repealed.
SECTION 6. 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.
2
Attest:
ORDINANCE NO. 9673 (Cont.> 2 ��� 0 8�"� 9
Enacted: December 19, 2017.
Jere . Je e r
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RaNae Edwards, City Clerk
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