09/13/2016 Resolutions 2016-221RESOLUTION 2016-221
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, September 13, 2016.
Attest:
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RaNae Edwards, City Clerk
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Approved as to Form tt
September 12, 2016 tt ty rney