09/14/2004 Resolutions 2004-231
I
I
I
RES 0 L UTI 0 N 2004-231
WHEREAS, on March 23,2004, by Resolution 2004-58, the City Council ofthe City
of Grand Island approved the acquisition of a tract of land at 1219 W. North Front Street, generally
referred to as the Thompson Building, to be used by the Utility Department; and
WHEREAS, the Commercial Agreement contained several contingencies required by
the City to protect its interests in the proposed purchase; and
WHEREAS, one of the contingencies required by the City was the assumption of a
20-year lease with the Union Pacific Railroad for property upon which a portion ofthe building is
located; and
WHEREAS, a Basic Agreement was entered into on March 6, 2003 (identified as
Audic No. 181895, at Grand Island, Nebraska, by and between Anthony J. Wald of Toba, Inc. and
the Union Pacific Railroad; and
WHEREAS, an Assignment of such Basic Agreement has been reviewed and
approved by the City Attorney.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Assignment of the Basic Agreement by
and between Toba, Inc., the Union Pacific Railroad Company, and the City of Grand Island to assign
a 20-year lease to the City of Grand Island for property upon which a portion of the building at 1219
W. North Front Street is located, is hereby approved.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such Assignment on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, September 14, 2004.
QS\l\O <rO~
RaNae Edwards, City Clerk
Approved as to Form a //1 '( ( ./
September 9, 2004 a City Attorney [.J