05/22/2012 Resolutions 2012-138RESOLUTION 2012-138
WHEREAS, the City of Grand Island is proposing a ten (10) year renewal of its
Economic Development Program to continue the success of its present Program in seeking new
employers and assisting existing employers to increase the number of quality jobs for the people of
Grand Island; and
WHEREAS, a proposed Economic Development Program has been prepared in
accordance with the Local Option Municipal Economic Development Act, codified at Chapter 18,
Article 27 of the Nebraska Revised Statutes; and
WHEREAS, the proposed Economic Development Program has been written to foster
and maximize future economic development while at the same time improving accountability,
transparency, and safeguarding taxpayer dollars; and
WHEREAS, the Mayor and City Council propose to present this Economic
Development Program to the voters of the City of Grand Island for their approval at the general
election to be held on Tuesday, November 6, 2012.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA,
That the Mayor and City Council do hereby approve and adopt the Economic Development Program
attached hereto and made a part of this Resolution by reference.
That the following language shall be submitted to the Hall County Election Commissioner for
inclusion on the Grand Island City ballot for the general election to be held on Tuesday, November 6,
2012:
ECONOMIC DEVELOPMENT PROGRAM
Shall the City of Grand Island renew its economic development program by appropriating
Seven Hundred and Fifty Thousand Dollars ($750,000.00) annually from local sources of
revenue for a period of ten (10) years?
A vote for this measure will renew the Economic Development program for a period of ten (10)
years.
A vote against this program will not renew the Economic Development program and allow it to
expire in 2013.
ECONOMIC DEVELOPMENT PROGRAIVI SUMMARY
The City of Grand Island is proposing to renew its Economic Development Plan for a period of
ten years in order to attract new empioyers and assist existing empioyers to increase the
number of quality jobs for the people of Grand Island. The annu • • 'O
Approved as to Form tt ' ��6 •
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May21,2012 a City ttorney
— Seven Hundred and Fifty Thousand Dollars ($'750,000.00). This program will be funded with
local sources of revenue. Revenue from publicly owned utilities may be used to fund utility
related projects needed for economic development. This program will be in existence for a
period of ten years commencing October 1, 2013.
That the City Clerk is directed to certify the above ballot language with the Hall County Election
Commissioner for inclusion on the Grand Island City ballot for the general election to be held on
Tuesday, November 6, 2012.
That the City Clerk is directed to prepare a copy of this Resolution and the proposed Economic
Development Plan and make such available for public review at City Hall, the Edith Abbott
Memorial Library, and the offices of the Grand Island Area Economic Development Corporation
during regular business hours.
Adopted by the City Council of the City of Grand Island, Nebraska, on May 22, 2012.
Attest:
RaNae Edwards, City Clerk
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