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1 <br />1 <br />1 <br />ORDINANCE NO. 9442 (Cont.) <br />- 2 - <br />201307053 <br />distance of 10.00 feet; thence S89 °07'20 "E a distance of 120.00 feet; thence <br />S00 °52'20 "W a distance of 10.00 feet to the Point of Beginning. Said tract <br />contains a calculated are of 1,200 square feet or 0.03 acres more or less. <br />SECTION 2. In consideration for such conveyance the City shall pay Neidfelt <br />Property Management, LLC, the sum of One and No /100 Dollars ($1.00). The buyer will be <br />responsible for the costs of recording the deed and one half the cost of a title insurance owner's <br />policy and all the cost of any lender's policy. Conveyance of the real estate above described <br />shall be by warranty deed, upon payment of the consideration pursuant to the terms and <br />conditions of an Agreement for Warranty Deed between the parties. <br />SECTION 3. As provided by law, notice of such conveyance and the terms <br />thereof shall be published for three consecutive weeks in the Grand Island Independent, a <br />newspaper published for general circulation in the City of Grand Island. Immediately after the <br />passage and publication of this ordinance, the City Clerk is hereby directed and instructed to <br />prepare and publish said notice. <br />SECTION 4. Authority is hereby granted to the electors of the City of Grand <br />Island to file a remonstrance against the conveyance of such within described real estate; and if a <br />remonstrance against such conveyance signed by registered voters of the City of Grand Island <br />equal in number to thirty percent of the registered voters of the City of Grand Island voting at the <br />last regular municipal election held in such City be filed with the City Council within thirty days <br />of passage and publication of such ordinance, said property shall not then, nor within one year <br />thereafter, be conveyed. <br />SECTION 5. The conveyance of said real estate is hereby authorized, directed <br />and confirmed; and if no remonstrance be filed against such conveyance, Neidfelt Property <br />Management, LLC, shall make, execute and deliver to the City of Grand Island, a warranty deed <br />