10/26/2021 Resolutions 2021-294RESOLUTION 2021-294
WHEREAS, the City of Grand Island leases property at and near 1111 West North
Front St from Union Pacific Railroad Company in which the Streets Division and Fleet Services
facilities are located; and
WHEREAS, the existing lease agreement will expire on October 31, 2023; and
WHEREAS, Union Pacific Railroad Company has proposed a new lease agreement to
begin on November 1, 2023 with a first annual fixed rent payment of $14,300 and be automatically
renewed each year with a fixed rent price increase of three percent (3%).
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Lease of Property by and between the City
of Grand Island, Nebraska and the Union Pacific Railroad Company for use of property at and near
1111 West North Front St is hereby approved; and the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, October 26, 2021.
Attest:
Rog . Steele, Mayor
��n.e.. �
RaNae Edwards, City Clerk
Approved as to Form �
October 25, 2021� tt City Attorney