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07/24/2007 Resolutions 2007-167r--, r ~_ 1 RESOLUTION 2007-167 WHEREAS, the City Council has considered the proposed budget of the Business Improvement District No. 3 for the fiscal year 2007-2008; and WHEREAS, the City has received the assessed values of the individual properties within Business Improvement District No. 3 as shown in the office of the Hall County Assessor in effect on the first day of January, 2007. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that: 1. The budget for Business Improvement District No. 3 is hereby considered. 2. A proposed assessment schedule shall be prepared. 3. A hearing before the City Council sitting as a board of equalization on the proposed assessments shall be held on September 11, 2007 at 7:00 p.m. in the City Council chambers of City Ha11,100 East First Street, Grand Island, Nebraska. 4. Notice of hearing shall be published once each week for three consecutive weeks in accordance with the Business Improvement District Act. 5. Notice of hearing shall be mailed to all property owners of Business Improvement District No. 3 by U.S. mail, postage prepaid. Adopted by the City Council of the City of Grand Island, Nebraska, July 24, 2007 Marga t Hornady, Mayor Attest: Q~ ~ ~~~ RaNae Edwards, City Clerk Approved as to Form p-- 7 July 25, 2006 c City Attorney