Loading...
06/14/2016 Resolutions 2016-148RESOLUTION 2016-148 WHEREAS, pursuant to Ordinance No. 9315, adopted August 11, 2011, tax receipts received from the City's food services and drinking places occupation privilege tax were designated to be utilized: (i) To make the City's required debt payments on the fieldhouse and the Recreational Field development as required by Grand Island City Code §23-79(A) and (B). If any surplus remains after meeting these obligations then that surplus shall be designated; and (ii) To make the City's quarterly payments to the Nebraska State Fair Support and Improvement Fund as required by Neb Rev. Stat. §2-108-110. If any surplus remains after meeting the obligations as stated in Grand Island City Code §23-65(C)(i) and (ii) then that surplus sha11 be designated; and WHEREAS, On June 30, 2016, the City's debt for construction of the Grand Island Fieldhouse and Recreational Field development will be fully paid; and WHEREAS, the City's obligation to make quarterly payments to the Nebraska State Fair Support and Improvement Fund is paid to date and a surplus currently remains after meeting this obligation; and WHEREAS, future payments to the Nebraska State Fair Support and Improvement Fund will be paid from the City's food and beverages retailer occupation tax receipts; and WHEREAS, Council desires to designate use of surplus funds remaining in the City's food services and drinking places occupational privilege tax account. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, the surplus funds remaining in the City's food services and drinking places occupation privilege tax fund should be and are hereby designated to be used for the following purposes: 1. To pay expenses to be incurred for removal and replacement of artificial field turf at the Grand Island Fieldhouse; 2. To pay expenses to be incurred for design and construction of restrooms at the City's Veterans Sports Complex; and 3. The remainder to pay future quarterly payments to the Nebraska State Fair Support and Improvement Fund as required by Neb Rev. Stat. §2-108-110. Adopted by the City Council of the City of Grand Island, Nebraska, June 14, 2016. Je e L. J nsen ay Attest: (��� ���. RaNae Edwards, City Clerk Approved as to Form tt June 13, 2016 tt ityA rney