01/09/2001 Resolutions 2001-17
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RESOLUTION 2001-17
WHEREAS, Northwestern Public Service (NWPS) makes an annual contribution for
economic development purposes to the City of Grand Island in the amount of $86,000; and
WHEREAS, on September 26, 2000, the Mayor and City Council approved
Resolution 2000-291 establishing an economic development policy for receiving, considering and
making recommendations regarding requests for disbursement of said funds; and
WHEREAS, the office of the City Administrator has received recommendations for
funding from the local economic development committee for the following funding request:
(A) $23,310 to the Grand Island Area Economic Development Corporation to assist with
the purchase of 127 acres ofland to expand the Platte Valley Industrial Park
(B) $10,000 for a forgivable loan to MFS/York/Stormor to purchase gas fired heating
units and powder coating equipment; and
WHEREAS, said requests are consistent with the intent of NWPS in making its
annual economic development contribution, and the policy established by the Mayor and City
Council.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the requests of the Grand Island Area
Economic Development Corporation and MFS/Y ork/Stormor for disbursements in the amounts of
$23,310 and $10,000 respectively, to fund the projects stated above should be, and hereby are,
approved and payments authorized to the requesting entities.
Adopted by the City Council of the City of Grand Island, Nebraska on January 9,2001.
Q(A\\lU- '2Uw~
RaNae Edwards, City Clerk
Approved as to Form" (' ~
January 5, 2001 .It. City Attorney