11/26/2002 Resolutions 2002-366
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RES 0 L UTI 0 N 2002-366
WHEREAS, the City of Grand Island is proposing adoption of an Economic
Development Program to bring new employers to our community and to help existing companies to
grow; and
WHEREAS, a proposed Economic Development Program has been prepared in
conformity with Neb. Rev. Stat. ~ 18-2710; and
WHEREAS, following a public hearing conducted on November 26,2002, the Mayor
and City Council have decided to adopt the Economic Development Program attached hereto as
Exhibit "A" and made a part hereof by reference; and
WHEREAS, the Mayor and City Council proposed to present said Economic
Development Program to the voters of the City of Grand Island for their approval at a special
election on May 6,2003.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA:
(1) The Mayor and City Council do hereby approve and adopt the Economic Development
Program attached hereto as Exhibit "A" and made a part hereof by reference.
(2) The following ballot shall be submitted at a special election on May 6, 2003:
(OFFICIAL SAMPLE BALLOT)
OFFICIAL MUNICIPAL ELECTION BALLOT
CITY OF GRAND ISLAND, NEBRASKA
Tuesday, May 6, 2003
Economic Development Proqram:
Shall the City of Grand Island, Nebraska establish an economic
development program as described here by appropriating $750,000
annually from local sources of revenue for ten (10) years?
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Approved as to Form oU/')
November 21, 2002 0 City Attorney
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Vote for or against the foregoing proposal.
o FOR the proposal
o AGAINST the proposal
ECONOMIC DEVELOPMENT PROGRAM SUMMARY
The City of Grand Island is proposing adoption of an Economic Development
Program to bring new employers to our community and to help our existing
companies to grow. The program will use $750,000 from the general fund as
the sole source of local funds for the program. The total amount will not
exceed an annual amount as is authorized by the Local Option Municipal
Economic Development Plan. The program will be in existence for 10 years
commencing October 1, 2003. The City may issue bonds pursuant to the
Local Option Municipal Economic Development Act to carry out the
economic development program.
(3) The City Clerk is directed to certify the above issue to the Election Commissioner by March
18,2003 in the manner and form provided in Neb. Rev. Stat. ~~18-2713 and 32-559.
(4) Further, the City Clerk is directed to receive a copy ofthis resolution, including the proposed
Economic Development Program into the records of the City of Grand Island and shall make the
same available for public review at City Hall during regular business hours, and to send copies ofthe
same to the Edith Abbott Memorial Library and Grand Island Area Economic Development
Corporation to be made available for public review also.
Adopted by the City Council of the City of Grand Island, Nebraska on November 26, 2002.
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RaNae Edwards, City Clerk
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Approved as to Form 0 '--l~~
November 21 ,2002 0 City All mey