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09/25/2018 Resolutions 2018-289RESOLUTION 2018-289 WHEREAS, the City of Grand Island local sales and use tax rate is currently one and one-half percent (1 1/2%); and WHEREAS, pursuant to the authority provided by Neb. Rev. Stat. §77-27,142, upon an affirmative vote of at least seventy percent (70%) of all of the members of its governing body, a city may submit to qualified electors of the city a proposal to increase the city sales and use tax to a rate greater than one and one-half percent (1 1/2%) at a primary or general election held within the city; and WHEREAS, the City Council desires to propose to qualified electors of the City at the November 6th, 2018 general election the question whether the City's sales and use tax rate should be increased an additional one-half of one percent (1/2%); and WHEREAS, pursuant to Neb.Rev.Stat. §77-27,142, revenue from a sales and use tax rate in excess of one and one-half percent (1 1/2%) shall be used for public infrastructure projects; and WHEREAS, it is proposed that the revenue from such increased tax, if approved, be devoted to the following projects or any combination thereof (1) public highways; (2) municipal streets, bridges, and sidewalks; (3) buildings and capital equipment used in the operation of city government; (4) parking facilities; and (5) public safety equipment necessary for the provision of city public safety services; and WHEREAS, the City Council desires an Oversight Committee be established, if in fact the electorate passes the proposed ballot question. The committee would be established by ordinance. The function of the committee would be to advise the public and city officials with regard to the city's additional half cent sales tax, confirm that the tax revenues are accounted for in the designated special revenue funds, and are being expended on eligible projects as provided by city ordinances. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that: If the additional Half Cent Sales Tax is approved by the electorate, an Oversight Committee will be established by Ordinance with the function to advise the public and city officials with regard to the city's additional half cent sales tax, conf'irm that the tax revenues are accounted for in the designated special revenue funds, and are being expended on eligible projects as provided by city ordinances. � Adopted by the City Council of the City of Grand Island, Nebraska, September 25, 2018. Attest: ���.� RaNae Edwards, City Clerk Jere .Je sen ayor Approved as to Form � September 24, 2018 � City Attorney