06/26/2001 Resolutions 2001-174
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RESOLUTION 2001-174
WHEREAS, the Mayor and City Council adopted Resolution 94-066 on April 25,
1994, which resolution made certain commitments regarding budgeting and accounting for sales tax
revenue, property tax reduction, and capital improvement expenditures; and
WHEREAS, Chapter 13, Article 5 ofthe statutes ofthe State of Nebraska including
particularly the Nebraska Budget Act and Budget Limitations, as amended, render certain provisions
of Resolution 94-066 moot; and
WHEREAS, the Mayor and City Council have historically supported and promoted
prudent budgeting and management of the fiscal affairs of the City which has resulted in the City
having an extended history of clean audits, an extraordinary bond rating and an excellent financial
condition; and
WHEREAS, the Mayor and City Council wish to continue the practices of prudent
budgeting and management of the fiscal affairs of the City with the ability to respond to a changing
economic and statutory environment; and
WHEREAS, it is in the best interests of the City of Grand Island to ensure the ability
of the City to respond to challenges in a timely manner and conform strictly to Chapter 13, Article
5 of the statutes of the State of Nebraska.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Resolution 94-066 is hereby rescinded and
in no further force and effect.
BE IT FURTHER RESOLVED, that the Mayor and City Council express their sense
that the budgeting and management of the fiscal affairs of the City of Grand Island which have
resulted in the excellent financial condition of the City shall be continued and improvements made
where prudent and practical.
Adopted by the City Council of the City of Grand Island, Nebraska on June 26,2001.
Q~\\o.L <to illMh
RaNae Edwards, City Clerk
Approved as to Form T CJ;[6'
June 22, 2001 ... City Attorney