04/14/2009 Resolutions 2009-85RESOLUTION 2009-85
WHEREAS, on March 22, 2004, by Resolution No. 2004-46, the Grand Island City
Council approved a contract to loan $100,000 to the Grand Island Skeet and Sporting Clays Club,
Inc. to expedite the improvements to the Heartland Public Shooting Park; and
WHEREAS, said loan was to be repaid in four equal annual payments beginning in the
year 2006; and
WHEREAS, three payments totaling $75,000 have been repaid to the City; and
WHEREAS, a request has been made by the Grand Island Skeet and Shooting Club,
Inc., that due to a depressed economy, that the remaining $25,000 of the loan be repaid over the next
five years, $5,000 annually.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that approval is given for the Grand Island
Skeet and Sporting Clays Club, Inc. to repay the balance owing on their loan from the City of
$25,000 in equal payments over the next five years.
Adopted by the City Council of the City of Grand Island, Nebraska, April 14, 2009.
Margar Hornady, ayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form d ~~.,yl~
April 13, 2009 n CityAttorney