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08/09/2022 Resolutions 2022-216RESOLUTION 2022-216 WHEREAS, pursuant to an agreement dated November 20, 2017 by and between the City of Grand Island and The Meadows Apartment Homes LLC (the Agreement), the City acquired an option to purchase a tract of land now known as Lot 3, Hanover Third Subdivision in the City of Grand Island, Hall County, Nebraska for a purchase price of $136,482.50; and WHEREAS, on August 9, 2022 at its regular meeting, the City Council in and for the City of Grand Island held a public hearing regarding the acquisition of the above-described real estate pursuant to the terms of the Agreement; and WHEREAS, the above-described real estate could accommodate a neighborhood pool, splash pad, or a myriad of other public park and recreational uses and is well located to serve the future needs of the city as it continues to expand westward. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that City Administration is hereby authorized and directed to exercise the option to purchase and to purchase Lot 3, Hanover Third Subdivision in the City of Grand Island, Hall County, Nebraska for a purchase price of $136,482.50 pursuant to the terms of the Agreement. Adopted by the City Council of the City of Grand Island, Nebraska, August 9, 2022. Ro G. Steele, Mayor Attest: �a� a.r� � ' v RaNae Edwards, City Clerk Approved as to Form tt August 8, 2022 tt City Attorney