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03/16/2004 Resolutions 2004-46 I I I RES 0 L UTI 0 N 2004-46 WHEREAS, the Grand Island Skeet and Sporting Clays Club (Skeet Club) has operated a city-owned shooting facility for over twenty five years; and WHEREAS, due to the South Locust Street improvements, the Skeet Club has been relocated to an undeveloped tract of city-owned land at the former Cornhusker Army Ammunition Plant site; and WHEREAS, although substantial improvements to the property have been made by the Skeet Club, another $100,000 in improvements is anticipated; and WHEREAS, in order to expedite the improvements to get the facility operational, the Skeet Club has requested a five-year loan in the amount of $1 00,000 from the City of Grand Island which will be repaid upon the receipt of expected funding from local trusts and other sources; and WHEREAS, the City will own all improvements made with the loaned funds; and WHEREAS, an agreement to provide the Skeet Club with the $100,000 loan funding has been reviewed and approved by the City Attorney's office. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island is hereby authorized to provide a loan for up to $100,000 in funding to the Grand Island Skeet and Sporting Clays Club to make improvements to the city-owned shooting facility. BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to execute such agreement on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, March 16, 2004. QSk~ RaNae Edwards, City Clerk Approved as to Form xx DR fj} March 12, 2004 xx d1y Attorney