06/09/2009 Resolutions 2009-137Resolution #2009-137 was pulled from the agenda of the June 9, 2009
City Council meeting.
RESOLUTION 2009-137
WHEREAS, the City of Grand Island currently has recreational facilities on land
leased from the Hall County Livestock Improvement Association, which fields will be relocated onto
land leased from the State of Nebraska due to the relocation of the Nebraska State Fair; and
WHEREAS, the Nebraska State Legislature has adopted Legislative Bi11224 which
allows for up to One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) in cashor
legally binding commitments provided by or on behalf of the City of Grand Island for the purpose of
relocating and reconstructing recreational facilities displaced by the relocation ofthe Nebraska State
Fair to Grand Island; and
WHEREAS, the City of Grand Island intends to relocate and reconstruct its
recreational facilities, which cost may exceed One Million Five Hundred Thousand and No/100
Dollars ($1,500,000.00), and wishes to comply with the law as amended by Legislative Bill 224,
which has been signed by the Governor of the State of Nebraska.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the amount of One Million Five Hundred
Thousand and No/100 Dollars ($1,500,000.00) in cash shall be provided by the City of Grand Island
for the purpose of relocating and reconstructing recreational facilities displaced by the relocation of
the Nebraska State Fair to Grand Island, which amount shall be placed on deposit with the Nebraska
Department of Administrative Services to beheld intrust for use by the City of Grand Island for the
purposes outlined in LB 224 or an approved escrow agent or trustee as agreed to by the Nebraska
Department of Administrative Services and the City of Grand Island to hold said funds, which funds
shall be restricted in use solely for the relocation and reconstructing of said recreational facilities.
Said funds shall be placed with the Nebraska Department of Administrative Services or the agreed
upon escrow agent by July 1, 2009.
Adopted by the City Council of the City of Grand Island, Nebraska, June 9, 2009.
Margaret Hornady, Mayor
Attest:
RaNae Edwards, City Clerk-
Approved as to Form o
June 10, 2009 a CityAttorney