06/12/2018 Resolutions 2018-164RESOLUTION2018-164
WHEREAS, the City of Grand Island ("City") and the Grand Island Public Library
Foundation, Inc. ("Foundation") desire to form an agreement relative to Foundation's financial
participation in the Edith Abbott Memorial Library Renovation Project, consisting of a remodel
construction contract and procurement of specified furnishings and equipment; and
WHEREAS, funds received by City from the Myrtle Grimminger estate (`Bstate Fund")
currently deposited in City's 295 Special Projects account are designated for the Project, of
which $622,400.00 is reserved for a remodel construction contract; and
WHEREAS, grants received by City for Project purposes shall be deposited by City in
the 295 Special Project Account and utilized solely for Project expenses; and
WHEREAS, for its participation in the Project, Foundation shall contribute funds to City,
in an amount equal to the Project costs less the Estate Funds and grant funds received by City;
and
WHEREAS, Foundation shall initially contribute $500,000.00 to City immediately upon
City Council approval of the Project construction bid award to ensure full funding for the
$1,122,400 remodel construction contract.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
CITY OF GRAND ISLAND, NEBRASKA, that the Council approves the agreement between
the City of Grand Island, Nebraska and Grand Island Public Library Foundation, Inc.
Adopted by the City Council of the City of Grand Island, Nebraska, June 12, 2018.
Attest:
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RaNae Edwards, City Clerk
Jeremy . ense , or
Approved as to Form tt
June 11, 2018 tt y orney