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<br />~~ #at~~8~.t sl~cxaz. w~ D <br />~~ The CITY OF GRAND ISLAND, NEBRASKA, a mrm.icigal corgvrati~, <br />herein called the Grantor, in consideration of Two Thauaaad Six <br />Hundred Dollars ($2,6O0.OU) received from Grantee, doer hereby gzant, <br />bargain, sell, convey, and confirm unto <br />GWC INVES'PMSNTS, <br />a general partnershig, of Grand Island, Nebraska, the following <br />descrihed real property in Hall County, Nebraska: <br />Lot One (i), 81ock Ten t10), voitle's Addition <br />to the City of Grand Island, Ha11 County, Nebraska; <br />hereinafter referred to as the Premises. <br />To have and to held the above described premises unto the <br />Grantees and to Grantees' heirs and assigns forever so long as the <br />Premises is used in conformity with the urban Renewal Plan and the <br />L'ommunity -evel.apment Plan of the City of Grand Island, and so <br />tong as a13 of the following conditions are met: <br />1. Grantees shah develop the Premises herein conveyed for <br />residential use in accordance with Grantees' prr>pcsal to purchase <br />31i.d Prss:i,3es, which proposal i on ..~1€ with the Corgiunity vevelop- <br />i'3t A~2i=4:±; 'a~cth~r Y+i t~E 's`c i'inai pla*a4 _~~ ..-~__ re~P~-,e l•-,amen*`_ <br />agpraved by fire Community i?eveiopment Agency and chief building <br />official of the City oY` grand Island, Nebraska. <br />L. Grantees shall begin construction of the improvements an <br />the Fremises within six fbj ^ionths from the date of this deed of <br />conveyance, and said construction shall be completed within one (11 <br />year Yrom the date of this deed unless completion time is waived by <br />Ctse Direetar of the i:ocsamznity Oevelcpr~.cnt A~,enc as a result .~!' acts <br />or conditions beyond rite control of the Grantees. `t'he residential <br />gra}ect shall be deeaned completed as csf ttte date that the Oirectoz <br />of C:3eity '~veicga~nC Ahenc~, finally examines the Pr€mis€s and <br />finds it to x~et tits requirements of she plans and speexfications <br />proposed, submitted and approved for r..he residential development <br />pursuant to the tTrban Renewal Plan and the Community Development <br />Flan far the residential project. <br />s. Graxttess shall nvt dlscriminaee up{,n the hams of race. <br />color', religien, sex, ..r nsti:.=pal ::r.P,in >nn the ..._,na:r:i;:ti;;e;, :-a1~, <br />