201801202 - Laserfiche WebLink

Browse

1 ORDINANCE NO. 9679 (Cont.) 2 2oiSGl2 2 SECTION 2. In consideration for such conveyance the Purchaser shall pay $320,664.00 cash consideration at closing and, as additional consideration the Purchaser will be responsible for the cost of recording the deed, and one -half of the costs for the title insurance and closing costs. Conveyance of the real estate above described shall be by warranty deed pursuant to the terms and conditions of the Farm, Ranch and Land Purchase Agreement between City and Purchaser as amended by the Addendum thereto dated February 7, 2018. SECTION 3. As provided by law, notice of such conveyance and the terms thereof shall be published for three consecutive weeks in the Grand Island Independent, a newspaper published for general circulation in the City of Grand Island. Immediately after the passage and publication of this ordinance, the City Clerk is hereby directed and instructed to prepare and publish said notice. SECTION 4. Authority is hereby granted to the electors of the City of Grand Island to file a remonstrance against the conveyance of such within described real estate; and if a remonstrance petition against such conveyance is signed by registered voters of the City of Grand Island equal in number to thirty percent of the registered voters of the City of Grand Island voting at the last regular city election held in such City be filed with the City Council within thirty days of passage and publication of such ordinance, said property shall not then, nor within one year thereafter, be conveyed. SECTION 5. Ordinance No. 9673 and any ordinances or parts of ordinances in conflict herewith be, and hereby are, repealed. SECTION 6. This ordinance shall be in force and take effect from and after its passage and publication in one issue of the Grand Island Independent as provided by law.