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SPECT_AL WARRR23TY DEED <br />The CITY OF GRR1rD ISLAND, NEBRASKA, a municipal corporation, <br />Herein called the Grantor, in consideration of Three Thousand Dollars <br />($3,040.00), received from Grantee, does Hereby grant, bargain, sell, <br />convey and confirm unto <br />CWC INVESTMENTS, <br />a general partnership in Grand Island, Nebraska, the following <br />described real property in Ha 11 County, Nebraska: <br />The North eighty (80) feet of the West Sixteen (16) <br />feet of Lot Three (3), and the North eighty (80) feet <br />of Lat Four (4), all in Block One Hundred Ttaenty- <br />eight (128}, U.P. Railway Ca's 2nd Addition to the <br />City of Grand Island, Hall County, Nebraska; <br />hereinafter referred to as the PREMISES. <br />Ta nave and r_a hold the above described premises unto the <br />Grantees and to Grantees' heirs and assigns Forever so long as the <br />Premises is used in confarrnity with the Urban Renewal Plan and the <br />Community Development Plan of the City of Grand Island. and so <br />Long as all of [he fallowing conditions arc met: <br />1. Grantees shall develop the Premises herein conveyed for <br />residential use in aecardance with Grantees' proposal to purchase <br />said 'remises, which proposal i.s nn file with the Community Develop- <br />ment ?ency, together with ttte fin~el plans iar ~;id redevelc~pn~ent <br />end u.r th°h (~r~r~.r~ni tv ps_.xlnnmyn ~- .~A ti Qr1 !•V ian µl ~higf l~rri lrYlina <br />.. urn .. - ~ _ -.~.... ..,. ~. - __ <br />a£ficial of the City of Grand Island, Nebraska. <br />2. Grantees sha11 begin consCructian of the impravement:s on <br />th+~ Premises within six (b} months from the date of this deed of <br />conveyance, and said canbtruction shall be completed within one {1} <br />y~'3r a~.rt7i"ra [nc date vi th28 deed unieoS i.Ompl'3c[ii}n titil2 7.S wnlvei3 vy <br />[he Director of the Cammunlty Ilevelapment Agency as a result cif acts <br />ar conditions beyond the control of the Grantees. 'i'he residential <br />*~?-ca~.$cr ah~~t ha deed -^_nm~i_etec~, as •~~ tl?+~ 4~~te that "he Dire~tc?r <br />of (;ap[~uniCy Development Rg,ency finally examines the Premises and <br />f3.nda it to met the requireu~ents vt the plans ~~nd ~peeiiiczttic~ns <br />prapaaed, submitted and approved fvr the ~esldecici~~l cieveiupucetst <br />puxsuax~t to the Urban Renewal Plan and the t:omnrunity '>evelapuaent. <br />Plan far t,:h€, r+~sident;ial project.. <br />