07/13/2004 Resolutions 2004-161
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RES 0 L UTI 0 N 2004-161
WHEREAS, on May 25, 2004, by Ordinance No. 8906, the City of Grand Island
created Street Improvement District No. 1252 along Lillie Drive and Mabel Drive; and
WHEREAS, such district includes land which is and continues to be, within an
agricultural use zone and is used exclusively for agricultural use; and
WHEREAS, Barry W. Niedfelt owns property in such district; and
WHEREAS, Barry W. Niedfelt has requested an agricultural deferment on the
assessment for Street Improvement District No. 1252 due to the land being used exclusively for
agricultural purposes; and
WHEREAS, a Notice of Filing Application for Deferral from Special Assessments
was filed with the Hall County Register of Deeds on July 6,2004 as Instrument No. 0200406614
pertaining to property owned by Barry W. Niedfelt which is located within Street Improvement
District No. 1252.
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 Barry W. Niedfelt under Street
Improvement District No. 1252 shall be deferred until terminated in accordance with
Neb. Rev. Stat. S 19-2430.
2. That during said deferral, no principal payments shall become due and no interest
shall accrue upon the assessment.
3. 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.
4. That upon termination of deferral, the principal amount of the special assessment
shall be amortized over a term often years from that date. The first such 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, July 13, 2004.
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RaNae Edwards, City Clerk
Approved as to Form
July 8, 2004