06/23/2015 Resolutions 2015-163 RESOLUTION 2015-163
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, GIX Logistics has applied for a forgivable loan for job creation and
training in the amount of $202,800.00 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 on May 14, 2015 and was approved on June 4, 2015 by the
Citizens Advisory Review Committee; and
WHEREAS,GIX Logistics 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 GIX Logistics 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 GIX
Logistics,to provide$202,800.00 in economic assistance to GIX Logistics 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 23, 2015.
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Attest:
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RaNae Edwards, City Clerk
Approved as to Form p J y r�!
June 22,2015 II Cit r orney