10/09/2001 Resolutions 2001-288
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RES 0 L UTI 0 N 2001-288
WHEREAS, Fonner Park Exposition and Events Center, Inc. (hereinafter
"Heartland") is an organization exempt under Section 501(c)(3) of the Internal Revenue Code of
1986, as amended, with Hall County Livestock Improvement Association, Inc. as its sole member,
and is organized under Neb. Rev. Stat. 921-1927 for the purpose of providing for, erecting, owning,
leasing, furnishing and managing an agricultural exposition and events center for the City or for the
purpose of holding property in trust for the City; and
WHEREAS, on December 21, 1998, the City of Grand Island (hereinafter "City")
adopted Resolution 98-322, whereby the City acknowledged Heartland to be acting on behalf of the
city in planning constructing an agricultural exposition and events center; and
WHEREAS, since the adoption of Resolution 98-322, Heartland has raised
substantial charitable contributions to be used for the planning and construction of an agricultural
exposition and events center and is continuing its efforts to raise all the funding required for the
proj ect; and
WHEREAS, on October 2,2001, following publication ofa notice of public hearing
pursuant to Neb. Rev. Stat. 919-2528, the Mayor and City Council held a public hearing during a
special meeting to consider acquisition by lease and purchase of an exposition and event center
building from Fonner Park Exposition and Events Center, Inc.; and
WHEREAS, the City, following the public hearing and due deliberation, finds that
the City's participation in development ofthe project is in the public interest and desires to provide
funding for the planning and construction of the agricultural exposition and events center and to
lease and purchase the project pursuant to authority of Neb. Rev. Stat. 919-2421; and
WHEREAS, a Lease Purchase Agreement between the City of Grand Island,
Nebraska, a city of the first class ofthe State of Nebraska, as lessee, and Fonner Park and Exposition
Center, Inc., a Nebraska non-profit corporation, as lessor has been drafted and approved by the office
of the City Attorney and bond counsel for the City.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that The Lease Purchase Agreement is hereby
approved; and the Mayor is hereby authorized and directed to execute such agreement on behalf of
the City of Grand Island, and to take such action in furtherance ofthe Lease Purchase Agreement as
is required and prudent.
Approved as to Form... c.e:s-
October 5, 2001 ... City Attorney
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BE IT FURTHER RESOLVED, that pursuant to Neb. Rev. Stat. S19-2528, notice
shall be given for the acquisition of the agricultural exposition and event center in accordance with
the above referenced Lease Purchase Agreement by publication one time in the Grand Island
Independent; said notice shall include a statement that the project as described in this resolution and
the Lease Purchase Agreement is subject to limited referendum for a period of thirty days after the
first publication of such notice and that, after such thirty day period, the project and measures related
to it will not be subject to any further right ofreferendum.
Adopted by the City Council ofthe City of Grand Island, Nebraska on October 9,2001.
QG\.\'\cU- 9~~
RaNae Edwards, City Clerk
Approved as to Form T \' ~
October 5,2001 J. City A torney