09/23/2008 Resolutions 2008-275RESOLUTION 2008-275
WHEREAS, on July 22, 2003, by Ordinance No. 8830, the Grand Island City Council
approved and adopted an Economic Development Program for the City of Grand Island prepared in
conformity with Neb. Rev. Statute No. 18-2710; and
WHEREAS, such program was amended on August 12, 2003, by Ordinance No.
8832; and
WHEREAS, the program provides for $750,000 in annual funding to be provided by
the City of Grand Island; and
WHEREAS, a request has been made by the Grand Island Area Economic
Development Corporation and the Economic Development Program's Citizens Review Committee
for the payment of $350,000 to be used for operating expenses, community publicity and promotion.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that approval is given to forward $350,000 in City
funding to the Grand Island Area Economic Development Corporation in accordance with the
Economic Development Program.
Adopted by the City Council of the City of Grand Island, Nebraska, September 23, 2008.
Margar Hornady, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form a -~L~j
September 23, 2008 ^ City Attorney