02/25/2025 Resolutions 2025-69 RESOLUTION 2025-69
WHEREAS, the City of Grand Island owns two tracts of land in R.J. Olson
Subdivision as originally thought to be the future site of an elevated water storage tower; and
WHEREAS,the two tracts are more particularly described as follows:
Tract 1:
Lot One(1), R.J. Olson Subdivision in the City of Grand Island,Hall County,Nebraska
Tract 2:
Lot Two(2), R.J. Olson Subdivision in the City of Grand Island, Hall County,Nebraska
WHEREAS,the City Of Grand Island has not utilized this land for the purpose for
which it was intended; and
WHEREAS,the City of Grand Island advertised the land for sale in 2024,seeking the
best and highest offer being in the best interest of the people of Grand Island; and
WHEREAS,in response to the advertising,two offers were received on February 7,
2025; and
WHEREAS, the offer submitted by L & P Investments, LLC., a Nebraska Limited
Liability Corporation was determined to be the highest and best use of the property; and
WHEREAS,the offer from L&P Investments,LLC., a Nebraska Limited Liability
Corporation is in compliance with all other terms of the Request for Proposals; and
WHEREAS,the Utilities Department negotiated a Purchase Agreement with L &P
Investments, LLC., a Nebraska Limited Liability Corporation; and
WHEREAS,the City Of Grand Island proposes to sell the two tracts of land to L&P
Investments, LLC., a Nebraska Limited Liability Corporation; and
WHEREAS,L&P Investments,LLC.,a Nebraska Limited Liability Corporation will
pay to the City of Grand Island the sum of Three Hundred Nine Thousand and No/100 Dollars
($309,000.00).
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND,NEBRASKA, that the City of Grand Island be, and hereby is,
authorized to enter into the Purchase Agreement for the sale of properties of the above described
tracts of land.
BE IT FURTHER RESOLVED,that the Mayor is hereby authorized and directed to
execute such agreements on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island,Nebraska, February 25, 2025.
Roger Steele, Mayor
Attest:
G�
Granere, City Clerk
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