05/13/2008 Resolutions 2008-135RESOLUTION 2008-135
WHEREAS, the City Council, at its study session of May 6, 2008, considered the
impact and options available under Legislative Bill 1116 concerning the relocation of the Nebraska
State Fair to the City of Grand Island, Hall County, Nebraska, and;
WHEREAS, the City intends to support the relocation efforts of the fair and in order
to do so recognizes the need to be a party to negotiate the agreements anticipated by Legislative Bill
1116 and any other necessary agreements in relation thereto concerning facilities use, management,
ownership and other items contained with Legislative Bill 1116, and;
WHEREAS, it is necessary for the City to consider additional funding sources for the
relocation of the Nebraska State Fair pursuant to the funding requirements set out in Legislative Bill
1116 including the exploration of bonding and the financing of any such bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1. The council hereby authorizes the Mayor of the City of Grand Island to designate a
negotiating team to pursue agreements between the parties necessary for the relocation of the
Nebraska State Fair to the City of Grand Island, Hall County, Nebraska, and to bring to Council
appropriate agreements for review and ratification.
2. Be it further resolved that the City in order to finance its share of the financial commitments,
pursue seeking additional revenue for the general fund for the City of Grand Island and to obtain
information necessary to present to Council at a later date including further exploration of an
occupation tax on Food and Beverage Service businesses. The bonding that would be required as
well as revenue needed and sources for the revenue for such bonds in relation to the Nebraska State
Fair relocation as well as the anticipated costs and funding necessary for the projects impact to the
general fund, utilities and other City budgets shall be brought back to Council for its review and
ratification.
Adopted by the City Council of the City of Grand Island, Nebraska, May 13, 2008.
Margaret ornady, Mayor
Attest:
~~-19-Q-- 1./ ~ n~~v
RaNae Edwards, City Clerk
~,
Approved as to Form ^
May 9, 2008 ^ City Attorney