12/22/2014 Resolutions 2014-383 RESOLUTION 2014-383
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 Advisory Review
Committee for the payment of$350,000 to be used for administrative and community marketing
purposes.
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, December 22, 2014.
Jere ns ayor
Attest:
por)
RaNae Edwards, City Clerk
Approved as to Form r+
December 22,2014 0 Ci ttorney