11/18/2003 Resolutions 2003-343
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RES 0 L UTI 0 N 2003-343
WHEREAS, on July 22,2003, by Resolution 2003-216, the City Council ofthe City
of Grand Island approved the budget of Business Improvement District No. 5 for the fiscal year
2003-2004; and
WHEREAS, on September 9,2003, by Resolution 2003-BE-17 and by Ordinance No.
8849, the City Council of the City of Grand Island approved assessments for properties located
within Business Improvement District No.5; and
WHEREAS, it has been determined that the property valuations and/or assessments
approved and applied to four properties located within such district were incorrect; and
WHEREAS, corrections will decrease the total collected assessments to $76,978.26,
which is a decrease of$3,237.27; and
WHEREAS, due to the decrease in revenue, it will be necessary to adjust the Business
Improvement District No.5 budget for the 2003-2004 fiscal year; and
WHEREAS, the Business Improvement District board met and considered such
adjustment to the budget.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1. The adjusted budget for Business Improvement District No.5 is hereby considered.
2. Corrections to the assessments of four properties within the district shall be prepared.
3. In the event that any of the four property owners which have corrected assessments have
paid their assessments based on the initial figures, the City is hereby authorized to refund
the difference of the initial assessment from the corrected assessment.
Adopted by the City Council of the City of Grand Island, Nebraska, November 18, 2003.
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RaNae Edwards, City Clerk
Approved as to Form a
November 14, 2003