08/08/2006 Resolutions 2006-227
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RES 0 L UTI 0 N 2006-227
WHEREAS, on July 22, 2003, the City of Grand Island adopted an Economic
Development Program and a Citizens Advisory Review Committee to oversee the process of
approving applications for economic development incentives; and
WHEREAS, J.C. Doyle, Ltd. has applied for a forgivable loan in the amount of
$20,000 from the Grand Island Area Economic Development Corporation in accordance with the
Economic Development Program; and
WHEREAS, such application has been approved by the executive committee of the
Economic Development Corporation and was approved on July 26, 2006 by the Citizens Advisory
Review Committee; and
WHEREAS, J. e. Doyle, Ltd. will be required to meet or exceed employment numbers
and employee salary levels as outlined in the Economic Development Agreement to retain all ofthe
economic incentives granted under the agreement; and
WHEREAS, it is in the best interests of the City to provide economic development
funding to J.C. Doyle, Ltd. as provided by the Grand Island Economic Development Program.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Economic Development Agreement by
and between the City, the Grand Island Area Economic Development Corporation, and J.e. Doyle,
Ltd. to provide $20,000 in economic assistance through a forgivable loan to J.C. Doyle, Ltd. to be
used to expand its existing computer software and maintenance operations.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, August 8, 2006.
Attest:
RaNae Edwards, City Clerk
Approved as to Form "
August 3, 2006 a City Attorney