07/12/2005 Resolutions 2005-201
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RESOLUTION 2005-201
WHEREAS, on June 14,2005, the City of Grand Island held a public hearing and
approved the purchase ofthe two tracts ofland from Melvin W. Meyer and Jo Ann Meyer, husband
and wife, and MJ. Lake, L.L.C., a Nebraska limited liability company; and
WHEREAS, such land is commonly known as 244 Stuhr Road and 304 Stuhr Road,
and is legally described on Exhibit "A" attached hereto and incorporated by this reference; and
WHEREAS, the parties have negotiated a purchase price for the property of
$583,900, with $10,000 to be paid by the City upon the approval and execution of an Agreement for
Warranty Deed, and the remaining $573,900 to be paid by the City at closing scheduled for
December 1, 2005; and
WHEREAS, the appraised value of the property is $583,900; and
WHEREAS, an Agreement for Warranty Deed setting out the terms and conditions
for the conveyance of such property 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:
1.
The acquisition ofthe property legally described on Exhibit "A" attached hereto at
the purchase price of $583,900 is hereby approved, with $10,000 to be paid by the
City upon approval and execution of the Agreement for Warranty Deed, and the
balance of$573,900 to be paid by the City at the closing.
2. The Agreement for Warranty Deed between the City and Melvin W. Meyer and Jo
Ann Meyer, husband and wife, and M.J. Lake, L.L.c., a Nebraska limited liability
company, is hereby approved; and the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island.
Adopted by the City Council ofthe City of Grand Island, Nebraska, July 12, 2005.
QS\ 0J2- CWLO~
RaNae Edwards, City Clerk
Approved as to Form xx /) {2 C{)
July 7. 2005 xx I:fity Attorney