03/27/2001 Resolutions 2001-79
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RESOLUTION 2001-79
WHEREAS, in order to ensure the continuation of the success ofIs1and Oasis Water
Park, it is important to continually update and improve such facility; and
WHEREAS, the current policy is that such capital improvements at Island Oasis be
funded from operating revenues in the Aquatics Reserve Fund; and
WHEREAS, at its annual retreat, the Mayor and City Council expressed an interest
in amending this policy in an effort to maintain admission fees at a reasonable level; and
WHEREAS, it is recommended that future capital improvements at Island Oasis be
funded equally between the Aquatics Reserve Fund and sales and property tax revenues in the
general fund.; and
WHEREAS, it is advised that further payments from the Aquatic Reserve Fund on
the balance of the loan from the general fund for the Lazy River addition be waived.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the policy for funding all future capital
improvements at Island Oasis be amended to allow these projects to be paid fifty percent from the
Aquatics Reserve Fund and fifty percent from sales and property tax revenues in the general fund.
BE IT FURTHER RESOLVED, that further payments from the Aquatics Reserve
Fund on the balance of the loan from the general fund for the addition of the Lazy River are hereby
waived.
Adopted by the City Council of the City of Grand Island, Nebraska on March 27,2001.
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RaNae Edwards, City Clerk
Approved as to Form" r ~
March 22. 2001 ... ~