03/27/2018 Resolutions 2018-88RESOLUTION 2018-88
WHEREAS, the State of Nebraska is disposing by sale the former Nebraska
Guard Armory Building at 2900 West Old Potash Highway, Grand Island; and
WHEREAS, due to its proximity to city park grounds and the various purposes
and uses to which the property could be adapted, acquisition of the above-mentioned property
would serve important public interests and purposes and its acquisition is in the best interests of
the city and its inhabitants.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Real Estate Purchase Agreement
between the City of Grand Island and the State of Nebraska for purchase of the former Nebraska
Guard Armory for Four Hundred Fifty Nine Thousand Nine Hundred and No/100th Dollars
($459,900.00) cash upon closing (the "Purchase Price"), with an earnest money deposit of Ten
Thousand and No/100th Dollars ($10,000.00) to be paid into an interest-bearing escrow account
to be established Grand Island Abstract Title & Escrow Company, signed by the City's Mayor
and submitted to the State of Nebraska should be and the same is hereby ratified and is hereby
approved.
Adopted by the City Council of the City of Grand Island, Nebraska, March 27, 2018.
Attest:
RaNae Edwards, City Clerk
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Approved as to Form tt�
March 26, 2018 tt ify Ari