06/10/2014 Resolutions 2014-164 RESOLUTION 2014-164
WHEREAS, on November 6, 2012, the City of Grand Island adopted an Economic
Development Program and a Citizens Advisory Review Committee to oversee the process of
approving applications for economic development incentives; and
WHEREAS,Bosselman Tank&.Trailer,Inc.has applied for a forgivable loan for job
creation and training in the amount of $90,000.00 from the Grand Island Area Economic
Development Corporation in accordance with the Economic Development Program; and
WHEREAS, such application has been approved by the executive committee of the
Economic Development Corporation and was approved on June 5, 2014 by the Citizens Advisory
Review Committee; and
WHEREAS, Bosselman Tank & Trailer, Inc. will be required to meet or exceed
employment numbers and employee salary levels as outlined in the Economic Development
Agreement to retain all of the economic incentives granted under the agreement; and
WHEREAS, it is in the best interests of the City to provide economic development
funding to Bosselman Tank&Trailer,Inc.as provided by the Grand Island Economic Development
Program.
NOW, THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Economic Development Agreement by
and between the City, the Grand Island Area Economic Development Corporation and Bosselman
Tank & Trailer, Inc., to provide$90,000.00 in economic assistance to Bosselman Tank& Trailer,
Inc., to be used for expanding its business in Grand Island is hereby approved.
BE IT FURTHER RESOLVED,that the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, June 10, 2014.
( Ad* -
AMP
. • ricek, ayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form 0
F
June 9,2014 a City orney