08/29/2000 Resolutions 2000-252
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RES 0 L UTI 0 N 2000-252
WHEREAS, on June 27, 1994, by Ordinance No. 8021, the City of Grand Island
created the Community Redevelopment Authority of the City of Grand Island, Nebraska, to address
the need for economic development opportunities through the vehicles provided in Neb. Rev. Stat.
18-2101, et seq.; and
WHEREAS, the members ofthe Community Redevelopment Authority of the City
of Grand Island have considered its budget for fiscal year 2000-2001 and determined that a request
for personal and real property tax in the amount of$388,713 is necessary to accomplish the statutory
purposes of the Authority in the upcoming fiscal year and that the accomplishment ofthese purposes
is in the best interests of the City; and
WHEREAS, on July 11, 2000, the members of the Community Redevelopment
Authority unanimously approved Resolution #26, which requests and recommends that the City of
Grand Island, Nebraska, as a part of the City maximum levy of $.45 per $100 of taxable valuation
of property, as authority by the Revised Statutes of Nebraska, Section 77-3442, authorize a 2000-
2001 levy allocation which will provide $388,713 in personal and property tax funds to the
Community Redevelopment Authority of the City of Grand Island; and
WHEREAS, the CRA submitted Resolution #26 to the City Clerk prior to August 1,
2000, recommending a levy allocation to the Authority by the City of Grand Island, as required by
Section 77,3443, RRS.; and
WHEREAS, the Hall County Assessor has notified the City of an assessed value of
personal and real property within the City and the Community Redevelopment Authority of
$1,574,307,749; and
WHEREAS, Section 18-2107(11), RRS. authorizes a levy limit of two and six tenths
(2.6) cents per $100 of assessed valuation for the statutory purposes of the Community
Redevelopment Authority; and
WHEREAS, a levy of2.4691 cents per $100 of assessed valuation on personal and
real property is necessary to accomplish the statutory purposes of the Community Redevelopment
Authority of Grand Island for fiscal year 2000-2001.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island is authorized to levy
2.4691 cents per $100 of assessed value on personal and real property to fund the Community
Redevelopment request of$388,713 for fiscal year 2000-2001.
Adopted by the City Council of the City of Grand Island, Nebraska on August 29,2000.
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RaNae Edwards, City Clerk
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Approved as to Form" ~
August 25. 2000 ... City Attorney