03/08/2022 Ordinances 9875ORDINANCE N0.9875
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An ordinance approving a Purchase - Sale Agreement for the conveyance of
property between the City of Grand Island ("City") and CHI Nebraska, a Nebraska nonprofit
corporation ("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 is
hereby approved and authorized with respect to City's conveyance to Purchaser the following
described real estate, to wit:
Lot Three (3), Veterans Legacy South Subdivision, City of Grand Island, Hall
County, Nebraska (the "Property").
SECTION 2. In consideration for such conveyance the Purchaser shall pay be
Three Hundred Eighteen Thousand Five Hundred Seventy Five Dollars ($318,575.00) cash
consideration at closing. City shall be responsible for the cost of (i) preparing the Deed and (ii)
one-half (1/2) of the revenue stamps/transfer taxes payable in connection with recording the
Deed. Purchaser shall pay the cost of (i) title insurance, (ii) one-half (1/2) of the revenue
stamps/transfer taxes, and (iii) the costs of recording the deed. Escrow fees with be evenly
divided between the parties. Real estate taxes for 2022 will be prorated to the date of closing.
Conveyance of the real estate above described shall be by warranty deed pursuant to the terms
and conditions of the Purchase - Sale 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
Approved as to Form �
March 7, 2022 II City Attorney
ORDINANCE NO. 9875 (Cont.)
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. If no remonstrance be filed against such conveyance, the Mayor
may make, execute and deliver to CHI Nebraska a warranty deed for said real estate, and the
execution of such deed is hereby authorized without further action on behalf of the City Council.
SECTION 6. Any ordinances ar parts of ordinances in conflict herewith be, and
hereby are, repealed.
SECTION 7. 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.
Enacted: March 8, 2022.
Attest:
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RaNae Edwards, City Clerk
Roge . Steele, ayor
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