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200507323 ORDINANCE NO. 8945 (Cont.) and Bennett's Fourth Addition to the City of Grand Island, Nebraska, from the easterly line of Vine Street in said City to a line joining the northeasterly corner of said Block 80 and the southeasterly corner of said Block 93, all being in the City of Grand Island, Hall. County, Nebraska, containing 0.485 acres, more or less, as shown on the attached plat marked Exhibit "A" attached hereto and incorporated herein by reference. SECTION 2. The consideration for such conveyance shall be Twenty Five Dollars ($25.00). Conveyance of the real estate above described shall be by quitclaim deed, subject to the restriction that no building shall be permitted on the premises but that the premises will be set aside as open space. The City of Grand Island shall not be required to furnish an abstract of title. 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 against such conveyance 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 municipal 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. -2-