09/22/2015 Resolutions 2015-268 --- RESOLUTION 2015-268
WHEREAS,on November 6,2012,the voters of the City of Grand Island approved a
new ten year Economic Development Program in confoiuiity 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, September 22, 2015.
Jere is . Jersen, ayor
Attest:
0. ' 9......01.0. .....
RaNae Edwards, City Clerk
Approved as to Form ° �yi
September 21,2015 0 CI 'orney