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~< 80-u04847 . • R E S O L U T I O N A RESOLUTION OF THE CITY OF GRAND ISLAND, NEBRASKA, PROVIDING ' FOR THE MODIFICATION OF CERTAIN COVENANTS AND RIGHTS OF THE CITY AS CONTAINED ZN A SPECIAL WARRANTY DEED WITH RESPECT TO LOTS TWENTY-FIVE (25) AND TWENTY-SIX (26) IN BLOCK FIVE (5), PLEASANT HILL ADDET ION TO THE CITY OF GRAND ISLAND, (FALL COUNTY, NEBRASKA, AND AUTHORIZING THE IiXECUTION OF AN AGREEMENT WITH RESPECT THERETO. BE ZT RESOLVED DY TF1E MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, AS FOLLOWS: Section 1. The Mayor and Council hereby find and ' determine that by Special Warranty Deed, dated May 26, 1978, the City has conveyed the following described property in Hall County, Nebraska: - Lots Twenty-five (25) and Twenty-six (26) in Block Five (5), Pleasant Flill Addition to the City of urand Island, Hall County, Nebraska (herein referred to as the "Premises") to Larry E. Huwaldt and that said Larry E. Huwaldt has in turn convoyed said Premiaea to the Nebraska Association for Develop- mental Housing, a Nebraska non profit corporation (herein referred t0 as "Subsequent Grantee"); that said Subsequent Crantes has presented tq the Community Development Agency of the City of Grand Island its proposal for developing the Premiaea by eonatruction of a swltiple family reaidentlal project thereon for purposes of ~ housing handicapped persons; that the City's Community Development Agency has reviewed plane and epecificatigns for said improvements and hoe given its approval thereto; that said Community Cevelopment Agenry has as of July 16, 1980 consented [q the granting of a torty-fire day extension (until September 15, 1990) for cha r oo>wancing of the construction o! said project and a period of nine months thereafter within which as id project is to be carried to completion; that in connection with said Subsequent Grantee's financing of said project by the United SLatee of America, acting through the Secretnry of Housing and Urban Revelopment, said Subaegwnt Grantee hoe advised th+ City that is i• necoaee cy tnnt certain of the previsions of said Special Warrenfy Dead t» modiliad; .~ that an agreew.:nt entitled "Modification Agreement" for ouch purposes has been prepared and prasonted and the terms and condi- t1oM o! said agrsea»nt be and they era hereby approved.