09/09/2008 Resolutions 2008-247RESOLUTION 2008-247
WHEREAS, under a former Rate Settlement, Northwestern Public Service (NWPS)
made an annual contribution for economic development purposes to the City of Grand Island in the
amount of $86,000; and
WHEREAS, on September 26, 2000, the Mayor and City Council approved
Resolution 2000-291 establishing an economic development policy for receiving, considering and
making recommendations regarding requests for disbursement of said funds; and
WHEREAS, the office of the City Administrator received a recommendation for
funding from the local economic development committee for $50,648.65 payable to the Grand Island
Area Economic Development Corporation to be used towards the principal payment of land that was
purchased at the Platte Valley Industrial Park East, and
WHEREAS; said request is consistent with the intent of NWPS in making an annual
economic development contribution, under the former Rate Settlement, and the policy established by
the Mayor and City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CTTY OF GRAND ISLAND, NEBRASKA, that the request for disbursement in the amount of
$50,648.65 to be used towards the principal loan payment from the purchase of land at the Platte
Valley Industrial Park is hereby approved, and the payment is authorized to be made to the Grand
Island Area Economic Development Corporation for such purpose.
Adopted by the City Council of the City of Grand Island, Nebraska, September 9, 2008.
Margare ornady, Mayor
Attest:
(,~an.~.
RaNae Edwards, City Clerk
Approved as to Form
September 8, 2008 ^ City Attorney