08/16/2011 Resolutions 2011-214RESOLUTION 2011 -214
WHEREAS, the Grand Island City Council has identified an interest in adjusting
the current property tax mill levy; and
WHEREAS, the Grand Island City Council would like to provide direction for the
adjustment for planning purposes; and
WHEREAS, based on the need for $1,254,322 in incremental revenue; and
WHEREAS, a mill levy adjustment of .0516 would generate $1,254,618; and
WHEREAS, the total City of Grand Island mill levy would increase from .2725 to
3241; and
WHEREAS, the final levy of the Municipality for the fiscal year 2011 -2012 will
be set when the Annual Single City Budget for fiscal year 2011 -2012 is approved on
September 13, 2011;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that the mill levy for the City of
Grand Island be assumed to increase from .2725 to .3241 for planning purposes.
Adopted by the City Council of the City of Grand Island, Nebraska on August 16, 2011.
Attest:
0ex
PaNaedwards, City Clerk
Jay Vavricek, Mayor
Approved as to Form a
August 16, 2011 13 City Xttorney