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ORDINANCE NO. 10,060 (Cont.) 2026.00327 1 COMMENCING AT THE SOUTHWEST CORNER OF JBA MAIN SUBDIVISION WHICH IS THE ACTUAL POINT OF BEGINNING, THENCE ALONG THE NORTH RIGHT OF WAY LINE OF OLD POTASH HIGHWAY ON A BEARING OF N 89°13'19" W, A DISTANCE OF 25.00' FEET; THENCE N 00°05'37" W, A DISTANCE OF 479.30; THENCE S 89°13'19" E, A DISTANCE OF 25.00' FEET TO THE NORTHWEST CORNER OF JBA MAIN SUBDIVISION; THENCE S 00°05'37"E, ALONG THE WEST LINE OF JBA MAIN SUBDIVISION TO THE POINT OF BEGINNING, SUCH TRACT CONTAINS 0.275 ACRES MORE OR LESS. SECTION 4. The purchase price is ELEVEN THOUGHSAND NINE HUNDRED EIGHTY-TWO AND 50/100 DOLLARS ($11,982.50). SECTION 5. The Buyer shall be entitled to full possession of the Property at Clos- ing. The Closing shall occur as soon as practicable after approval of sale by the City Council for Grand Island, Nebraska. SECTION 6. The Buyer shall assume all real estate taxes assessed against the Property for the year 2026 and all subsequent years. SECTION 7. At closing the following shall occur: (a) The Seller shall deliver to the Buyer a fully executed warranty deed to be prepared by the Buyer for Seller's execution. (b) The Buyer shall pay to the Seller the Purchase Price. (c) The Buyer shall prepare for recording any necessary easements and shall record the same simultaneously with the deed. SECTION 8. Subsequent to the closing, Buyer and Seller shall cooperate with Seller, at Buyer's expense, converting the public sewer line on the property to a private line, and the removal of existing power lines on the Property and replacement of the same at a location determined to be most suitable to Seller. Buyer shall reasonably consult Seller prior to the construction by Buyer of any fencing along the western boundary of the Property. The Easements listed in 7(c) shall serve to operate until such time as said conversion and replacement can be facilitated. Seller agrees to cooperate with the Buyer in vacating said easements once no longer necessary. SECTION 9. As provided by law, notice of such conveyance and the terms thereof shall be published for three (3) 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. 2