Common Contracts

City of Grand Island

September 19th, 2003

• Filed
  September 19th, 2003

The City of Grand Island has been contacted by Menard Inc. about buying a strip of land from the City that is adjacent to the south side of Menard's property. This site consists of approximately 12,124 square feet which is north of the current sidewalk along the north side of State Street. An appraisal has been done that indicates that this property is valued at approximately $2.00 per square foot. Menards has agreed to pay this amount along with the cost of the appraisal for $500.00, a distractive fee of 10% and the closing costs. This sale has been reviewed and approved by the Utilities Department, the Public Works Department and the Fire Department which has a fire station that is adjacent to the tract of land being sold. This resolution will authorize the Mayor to sign the agreement for warranty deed which will begin the sale process. A survey of the property will need to be done which will be at Menard's expense and the property will also need to be subdivided prior to completing