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202506635 1 ORDINANCE NO. 9997 An ordinance directing and authorizing the sale of the easterly twelve (12) feet of the northerly sixty feet Lot Three (3), Block Eighty Nine (89), Original Town, now City of Grand Island, Hall County, Nebraska, owned by the City of Grand Island as detailed on the attached exhibit to SNH Holdings, LLC.; providing for the giving of notice of such conveyance and the terms thereof; providing for the right to file a remonstrance against such conveyance; providing for publication and the effective date of this ordinance. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA: SECTION 1. The conveyance by warranty deed to SNH Holdings, LLC., a Nebraska Limited Liability Corporation ("Buyer"), of the City's interests in and sale of the easterly twelve (12) feet of the northerly sixty feet Lot Three (3), Block Eighty Nine (89), Original Town, now City of Grand Island, Hall County, Nebraska, owned by the City of Grand Island as detailed on the attached exhibit is hereby approved and authorized. SECTION 2. Consideration for such conveyance shall be redevelopment of the Elks building consistent with the redevelopment plan approved by Resolution #2023-327 passed by the Grand Island City Council on December 19, 2023. Closing shall be contingent upon the Buyer causing the completion of the following at Buyer's sole cost and expense: replatting of Lots Two (2), Three (3), and Four (4), all in Block Fifty four (54), Original Town, now City of Grand Island, Hall County, Nebraska. 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