02/27/2018 Ordinances 9679�
��
r�
I�: ���
8 ��
� �..�■
�
0 -
� ��
e r�
N ���
�...�.�
��
�...r�..
��
�
rn
�
C
n z
mD°
n �Tn •
� ..i.
=D
frn1 2
�
N
c
�%
*This area reserved far the Register of Deeds*
ORDINANCE NO. 9679
�
c��
�
'<°-
, _'� ,'s
�
�J3
„,�
t-;-a _
�
,.{� �:�
� a j.,:._
a� E�
+,:k
�"_�
�"$'i
�
cr�
r ,'
�:_.
,� _.
��-
r--�
Csa
N
�
�
►---�
�
CJ'1
tt�
� :;;
� —i
� :>
-+
_� �r.7
i.r w
�- ��
�-�- .
C:+7
��:
��
�__.. .".,,
cn
,- r,
An ordinance approving an Addendum to the 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 1. The Purchase - Sale Agreement between City and Purchaser as
amended by the Addendum thereto dated February 7, 2018 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").
Returnto:
RaNae Edwards
r City Clerk Approved as to Form tt t
� February 27, 2018 i ttorney
100 East 1st Street
Grand Island NE 68801
N
O
k--3
�
C�7
�
w
�
N
�
C:I
Ln
��
V 9
--�
C
�
�
'�"�
�
t^�
��.
G
���������
ORDINANCE NO. 9679 (Cont.)
SECTION 2. In consideration for such conveyance the Purchaser shall pay
$320,664.00 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 as amended by the Addendum thereto dated February 7, 2018.
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. Ordinance No. 9673 and 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.
�
Attest:
ORDINANCE NO. 9679 (Cont.)
Enacted: February 27, 2018.
�..
RaNae Edwards, City Clerk
I�
20i80�20�
.� ��. I �JV _I�
:�, -'�,, � "�,
F GRANp /
��p ....... . ..... .s�9
ci :'��G�EtPOR,qTc��':,L4
* ' •► � •r � �C
f
OF� 10� �a1��
,,, ,�.
NFQRAS�P