02/28/2000 Resolutions 2000-66
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RES 0 L UTI 0 N 2000-66
WHEREAS, the City of Grand Island is proposing adoption of an Economic
Development Program to bring new employers to our community and to help existing companies to
grow; and
WHEREAS, an increase in the local option sales tax is the fairest and best means to
fund the foregoing program; and
WHEREAS, a proposed Economic Development Program has been prepared in
conformity with Neb. Rev. Stat. 818-2710; and
WHEREAS, following a public hearing conducted on February 28, 2000, the Mayor
and City Council have decided to adopt the Economic Development Program attached hereto as
Exhibit "A" and made a part hereof by reference; and
WHEREAS, the Mayor and City Council proposed to present said Economic
Development Program to the voters of the City of Grand Island for their approval at the statewide
primary election of May 9,2000.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA:
(1) The Mayor and City Council do hereby approve and adopt the Economic Development
Program attached hereto as Exhibit "A" and made a part hereof by reference.
(2) Pursuant to Neb. Rev. Stat. 831-4,153, in lieu ofa separate special election, the following
ballot shall be submitted at the statewide primary election on May 9,2000:
(OFFICIAL SAMPLE BALLOT)
OFFICIAL MUNICIPAL ELECTION BALLOT
CITY OF GRAND ISLAND, NEBRASKA
Tuesday, May 9,2000
Economic Development Program:
Shall the City of Grand Island, Nebraska establish an economic development
program as described here by appropriating annually from local sources of
revenue up to $1,000,000 or such amount as is authorized by law for fifteen
(15) years?
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Approved as to Form T ~ I
February 28, 2000 A City Attorney
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V ote for or against the foregoing proposal.
o FOR the proposal
o AGAINST the proposal
ECONOMIC DEVELOPMENT PROGRAM SUMMARY
The City of Grand Island is proposing adoption of an Economic Development
Program to bring new employers to our community and to help our existing
companies to grow. The program will use a portion of the proposed ~ cent local
option sales tax as the sole source of local funds for the program. The total amount
of the sales tax funds collected for the program will not exceed $1,000,000 per year
annually, or such amount as is authorized by the Local Option Municipal Economic
Development Plan. The program will be in existence for 15 years commencing
October 1,2000. The City will seek additional funds from State and Federal sources
to carry out the program and to use as assistance to develop qualifying businesses.
The City may issue bonds pursuant to the Local Option Municipal Economic
Development Act to carry out the economic development program.
(3) The City Clerk is directed to certify the above issue to the Election Commissioner by March
1,2000 in the manner and form provided in Neb. Rev. Stat. SS18-2713 and 32-559.
(4) Further, the City Clerk is directed to receive a copy of this resolution, including the proposed
Economic Development Program into the records of the City of Grand Island and shall make the
same available for public review at City Hall during regular business hours, and to send copies of
the same to the Edith Abbott Memorial Library and Grand Island Area Economic Development
Corporation to be made available for public review also.
Adopted by the City Council of the City of Grand Island, Nebraska on February 28, 2000.
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Approved as to Form T. Cf<!l:::"
February 28, 2000 .... City Attorney