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<br />c' <br /> <br />.. <br /> <br />Exhibit A <br /> <br />200600756 <br /> <br />RES 0 L UTI 0 N 2006-10 <br /> <br />WHEREAS, on October 28,2003, by Ordinance No. 8862, the City of Grand Island <br />created Sanitary Sewer District No. 512; and <br /> <br />WHEREAS, such district includes land adjacent to the City, some of which is and <br />continues to be, within an agricultural use zone and is used exclusively for agricultural use; and <br /> <br />WHEREAS, on December 9, 2003, by Resolution 2003- 365" the City Council of the <br />City of Grand Island approved an agricultural defennent for property located in such district owned <br />by Gladys V. Schoel; and <br /> <br />WHEREAS, Mrs. Schoel passed away and such property was transferred to Jerome K. <br />Schoel on November 29,2005 according to a Deed of Distribution; and <br /> <br />WHEREAS, such property continues to be used exclusively for agricultural purposes; <br /> <br />and <br /> <br />WHEREAS, an Application for Deferral from Special Assessments was filed by <br />Jerome K. Schoel with the Hall County Register of Deeds on December 6,2005 as Instrument No. <br />0200511991 pertaining to such property. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF <br />THE CITY OF GRAND ISLAND, NEBRASKA, that: <br /> <br />1. The special assessments levied against Gladys V.Schoel under Sanitary Sewer <br />District No. 512 are hereby transferred to Jerome K. Schoel, and shall be deferred <br />until terminated in accordance with Neb. Rev. Stat. S 19-2430. <br /> <br />2. That during said deferral, no principal payments shall become due and no interest <br />shall accrue upon the assessment. <br /> <br />3. That the special assessment shall be divisible upon a pro rata basis of the original <br />assessment in the event a portion of the land shall no longer be eligible for deferral. <br /> <br />4. That upon termination of deferral, the principal amount of the special assessment <br />shall be amortized over a term often years from that date. The first such installment <br />shall become delinquent in fifty days after termination of deferral. Each installment <br />except the first shall draw interest at seven percent (7%) per annum from and after <br />the date oftermination of deferral until the same shall become delinquent. Delinquent <br />installments shall draw interest at fourteen percent (14%) per annum. <br /> <br />Approved as to Form IX D n [,1 1 <br />January 4, 2006 IX City AttOnley <br />