09/14/2021 Resolutions 2021-234RESOLUTION 2021-234
WHEREAS, on November 6, 2012, the City of Grand Island adopted an Economic
Development Program and a Citizens Advisory Review Committee to oversee the process of
approving applications for economic development incentives; and
WHEREAS, Hornady Manufacturing Company has applied for a forgivable loan for
job creation, job training, and infrastructure in the amount of $425,000.00 from the Grand Island
Area Economic Development Corporation in accordance with the Economic Development Program;
and
WHEREAS, such application has been approved by the executive committee of the
Economic Development Corporation on August 24, 2021 and was approved on September 2, 2021
by the Citizens Advisory Review Committee; and
WHEREAS, Hornady Manufacturing Company will be required to meet or exceed
employment numbers and employee salary levels as outlined in the Economic Development
Agreement to retain all of the economic incentives granted under the agreement; and
WHEREAS, it is in the best interests of the City to provide economic development
funding to Hornady Manufacturing Company as provided by the Grand Island Economic
Development Program.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Economic Development Agreement by
and between the City, the Grand Island Area Economic Development Corporation and Hornady
Manufacturing Company, to provide $425,000.00 in economic assistance to Hornady Manufacturing
Company to be used for job creation, job training, and infrastructure in Grand Island, is hereby
approved.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island, Nebraska.
Adopted by the City Council of the City of Grand Island, Nebraska, September 14, 2021.
Attest:
RaNae Edwards, City Clerk
Roger . Steele, Mayor
Approved as to Form �
September 13, 2021 tt Ci ttorney