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02/11/2025 Resolutions 2025-52 RESOLUTION 2025-52 WHEREAS,on November 11,2024 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,the Brookshire Company applied for a grant in the amount of$40,00.00 to create a film of positive portrayal of rural life in Rural Grand Island,Nebraska; and WHEREAS, approval of such application has been recommended by the executive committee of the Economic Development Corporation on November 27, 2024; and WHEREAS, the Brookshire Company, will be required to meet performance expectations as outlined in the Economic Development Agreement to receive all of the economic incentives granted under the agreement; and WHEREAS, based on the recommendation of the executive committee of the Economic Development Corporation,the City Council finds it is in the best interests of the City to provide a video production grant in the total sum of$40,000 to the Brookshire Company of Grand Island 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 the Brookshire Company,to provide a video production grant in the amount of$40,000.00 in economic assistance is approved and that the Mayor is hereby authorized and directed to execute such grant agreement on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island,Nebraska, February 11, 2025 oge . St e, Mayor Attest: 11 Granere, City Clerk