04/08/2025 Resolutions 2025-124 RESOLUTION 2025-124
WHEREAS,on November 17,2024 the City of Grand Island adopted an Economic
Development Program and authorized the Grand Island Area Economic Development
Corporation, in conjunction with the City Administrator, to oversee the process of approving
applications for economic development incentives; and
WHEREAS, GIX Logistics was previously approved for a LB840 grant via
resolution 2023-150 in the amount of $465,000.00 to assist with the creation of new jobs in
accordance with this Program, but has not yet spent the approved funds; and
WHEREAS, due to changes in the economy GIX Logistics no longer wishes to
utilize the previously approved grant for purposes of creating additional jobs, but rather wishes to
use LB840 funds to train current employees with the hopes of improving retention and improving
earning capacity of said employees; and
WHEREAS, GIX Logistics has made new application for LB840 funds for these
purposes and has communicated its intent to terminate the previously approve 2023 grant in the
event these new funds are approved; and
WHEREAS, such application has been reviewed and approved by the City
Administrator, serving as the LB840 Program Administrator; and
WHEREAS, it is in the best interests of the City to provide economic development
funding to GIX Logistics 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 a reimbursable job training grant in an
amount not to exceed $465,000.00 is hereby approved, and the Mayor is authorized to sign the
agreement on behalf of the City of Grand Island.
BE IT FURTHER RESOLVED, that the 2023 forgivable loan approved by
Resolution 2023-150 is hereby administratively terminated as superseded by this approval.
Adopted by the City Council of the City of Grand Island, Nebraska, April 8, 2025
Rog %O. Steele, Mayor
Attest:
ill Granere, City Clerk