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03/08/2005 Resolutions 2005-67 I I I RES 0 L UTI 0 N 2005-67 WHEREAS, the City is interested in acquiring property from James J. Wiltgen and Barbara A. Wiltgen, husband and wife, for the library expansion project; and WHEREAS, a public hearing was held on March 8, 2005, for the purpose of discussing the proposed acquisition of real property legally described as Fractional Lot Eight (8) in Fractional Lot Block Two (2), Spaulding and Gregg's Addition and its complements, to-wit: Fractional Lot Eight (8) in Fractional Block Sixteen (16) in Arnold and Abbott's Addition, and Fractional Lot Eight (8) in Fractional Block Two (2) in Arnold Place, all being additions to the City of Grand Island, Hall County, Nebraska; and WHEREAS, Section 19-709, R.R. S. 1943, authorizes the City to appropriate private property for use ofthe City for public facilities; and WHEREAS, the parties have negotiated a purchase price for the property of $400,000, with $5,000 to be paid by the City upon the approval and execution of an Agreement for Warranty Deed, and the remaining $395,000 to be paid by the City at closing; and WHEREAS, the purchase price for this property includes the real estate, some items of personal property and all relocation expenses; and WHEREAS, the appraised value of the property is $322,000; and WHEREAS, an Agreement for Warranty Deed has been prepared by the City Attorney setting out the terms and conditions for the conveyance of such property. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the acquisition of the above-described property from James J. Wiltgen and Barbara A. Wiltgen, husband and wife, for the purchase price of $400,000 is hereby approved, with $5,000 to be paid by the City upon approval and execution ofthe Agreement for Warranty Deed, and the balance to be paid by the City at the closing. BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to execute such Agreement for Warranty Deed on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, March 8, 2005. QlA\\~ ~ RaNae Edwards, City Clerk Approved as to Form March 3, 2005