09/24/2013 Resolutions 2013-328 RESOLUTION 2013-328
WHEREAS,on November 6,2012,the voters of the City of Grand Island approved a
new ten year Economic Development Program in conformity with Neb. Rev. Statute No. 18-2710;
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 community marketing, administration, occupancy and
office.
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 in quarterly allocations of$87,500.
Adopted by the City Council of the City of Grand Island, Nebraska, September 24, 2013.
Ad—
'may avric-k, Mayor
Attest:
RaNae Edwar s, City Clerk
Approved as to Form m+t
September 23,2013 A it"ntorney