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11/26/2002 Ordinances 8786 I I I ORDINANCE NO. 8786 An ordinance to direct and authorize the conveyance of a tract of land comprising of Lot Eight (8), Block Sixty Six (66), Original Town to the City of Grand Island, Hall County, Nebraska; to provide for the giving of notice of such conveyance and the terms thereof; to provide for the right to file a remonstrance against such conveyance; and to provide 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 conveyance to Procon Development Company, L.L.c., a limited liability company, of a tract of land comprising of Lot Eight (8), Block Sixty Six (66), Original Town to the City of Grand Island, Hall County, Nebraska; is hereby authorized and directed pursuant to the terms and conditions of an Agreement for Warranty Deed. SECTION 2. The consideration for such conveyance shall be One Thousand One Hundred Dollars ($1,001.00). Conveyance of the real estate above described shall be by Warranty Deed, upon delivery of the consideration. Such conveyance shall be conditioned upon the terms and conditions of an Agreement for Warranty Deed. A title insurance policy is not required to be furnished by the City. 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 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 such notice. Approved as to Form * '"J::1/;~ November 21, 2002 * City Attorney I I I ORDINANCE NO. 8786 (Cont.) 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 against such conveyance signed by legal electors of the City of Grand Island equal in number to thirty percent of the electors of the City of Grand Island voting at the last regular municipal 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. The conveyance of said real estate is hereby authorized, directed and confirmed; and if no remonstrance be filed against such conveyance, the Mayor and City Clerk shall make, execute and deliver to Procon Development Company, L.L.C., in accordance with the terms and conditions of the Agreement for Warranty Deed, 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. This ordinance shall be in force and take effect from and after its passage and publication, within fifteen days in one issue of the Grand Island Independent as provided by law. Enacted: November 26, 2002. ~~ Ken Grfdt, Mayor Attest: QS\OL ?Q~~ RaNae Edwards, City Clerk - 2 - Approved as to Form *:1'yJ~) November 21, 2002 * City Attorney