01/28/2003 Resolutions 2003-24
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RES 0 L UTI 0 N 2003-24
WHEREAS, on March 27,2001, by Ordinance No. 8667, the City of Grand Island
created Sanitary Sewer District No. 499; and
WHEREAS, on March 27,2001, by Ordinance No. 8668, the City of Grand Island
created Street Improvement District No. 1234; and
WHEREAS, such district included land adjacent to the City, some of which was and
continues to be, within an agricultural use zone and is used exclusively for agricultural use; and
WHEREAS, Louis and Virginia Graham own property in such districts; and
WHEREAS, prior to the construction of each ofthe districts, agreements were entered
into between the City and the Graham's to acquire right-of-way; and
WHEREAS, both agreements authorized the Graham's to receive agricultural
deferments on the assessments for Sanitary Sewer District No. 499 and Street Improvement District
No. 1234 due to the land being used exclusively for agricultural purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1. The special assessments to be levied against Louis and Virginia Graham under
Sanitary Sewer District No, 499 shall be deferred until terminated in accordance with Neb.
Rev. Stat. ~ 19-2430.
2. The special assessments to be levied against Louis and Virginia Graham under
Street Improvement District No. 1234 shall be deferred until terminated in accordance with
Neb. Rev. Stat. ~ 19-2430.
3. That during said deferral, no principal payments shall become due and no
interest shall accrue upon the assessment.
4. That the special assessment shall be divisible upon a pro rata basis of the
original assessment in the event a portion of the land shall no longer be eligible for deferral.
5. That upon termination of deferral, the principal amount of the special
assessment shall be amortized over a term of ten years from that date. The first such
Approved as to Form J:( 'DVI.!:>,
January 24, 2003 J:( City Attorney
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installment shall become delinquent in fifty days after termination of deferral. Each
installment except the first shall draw interest at seven percent (7%) per annum from and
after the date oftermination of deferral until the same shall become delinquent. Delinquent
installments shall draw interest at fourteen percent (14%) per annum.
Adopted by the City Council of the City of Grand Island, Nebraska, January 28,2003.
QS\AO cru~
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RaNae Edwards, City Clerk
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Approved as to Form ? mlS:.
January 24, 2003 > City Attorney