05-06-2008 City Council Study Session PacketCity of Grand Island
Tuesday, May 06, 2008
Study Session Packet
City Council:Mayor:
Margaret Hornady
City Administrator:
Jeff Pederson
City Clerk:
RaNae Edwards
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7:00:00 PM
Council Chambers - City Hall
100 East First Street
Tom Brown
Larry Carney
John Gericke
Peg Gilbert
Joyce Haase
Robert Meyer
Mitchell Nickerson
Bob Niemann
Kirk Ramsey
Jose Zapata
Call to OrderCity of Grand Island City Council
A - SUBMITTAL OF REQUESTS FOR FUTURE ITEMS
Individuals who have appropriate items for City Council consideration should complete the Request for Future Agenda
Items form located at the Information Booth. If the issue can be handled administratively without Council action,
notification will be provided. If the item is scheduled for a meeting or study session, notification of the date will be given.
B - RESERVE TIME TO SPEAK ON AGENDA ITEMS
This is an opportunity for individuals wishing to provide input on any of tonight's agenda items to reserve time to speak.
Please come forward, state your name and address, and the Agenda topic on which you will be speaking.
MAYOR COMMUNICATION
This is an opportunity for the Mayor to comment on current events, activities, and issues of interest to the community.
Call to Order
Pledge of Allegiance
Roll Call
This is an open meeting of the Grand Island City Council. The City of Grand Island abides by the Open Meetings Act
in conducting business. A copy of the Open Meetings Act is displayed in the back of this room as required by state
law.
The City Council may vote to go into Closed Session on any agenda item as allowed by state law.
City of Grand Island City Council
Item -1
Discussion Concerning State Fair Funding and Infrastructure
Tuesday, May 06, 2008
Study Session
City of Grand Island
Staff Contact: Jeff Pederson
City of Grand Island City Council
Council Agenda Memo
From: Dale Shotkoski, City Attorney
Dave Springer, Finance Director
Meeting: May 6, 2008
Subject: Discussion Concerning State Fair Funding and
Infrastructure
Item #’s: 1
Presenter(s): Dale Shotkoski, City Attorney
Dave Springer, Finance Director
Background
The State of Nebraska has approved moving the site of the state fair to Grand Island to
operate at the Fonner Park location in 2010. To accommodate the fair, several new
buildings will be required, upgrades and refurbishment of existing facilities is needed, as
well as enhanced infrastructure support in utilities and streets. To accomplish this, a fund
of $42 million is to be provided, of which a minimum of $8.5 million is to come from
local sources. The necessary aggregate commitments for these monies is $3 million by
10/1/2008, $6 million by 2/1/2009, and the total $8.5 million by 7/1/2009
Discussion
While many local entities, organizations, and groups have been supportive of the fair and
may donate to the $8.5 million local share, it appears that the City would be asked to be a
significant contributor. Tonight, we are seeking council direction in this endeavor and
what they wish the City’s role to be.
· Level of the City’s involvement in the project?
· One option would be a City / County bond issue for $5 million.
· The debt service would require additional tax of some form.
· The bonding and city participation would necessitate that the City be the
owner of one or more of the new buildings.
· The City would be obligated, as the largest in the County, to also do a 10%
annual match of lottery revenues, estimated at $200,000 to start.