09/14/2004 Resolutions 2004-230
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RES 0 L UTI 0 N 2004-230
WHEREAS, Business Improvement District No.2 was created on January 25, 1999,
by Ordinance No. 8402; and
WHEREAS, such district was created for the purpose of making improvements to the
downtown area; and
WHEREAS, Business Improvement District No.2 expired at the end of the 2002-
2003 budget year ; and
WHEREAS, all improvements associated with such district have been completed, and
assessments against the property in the district will be fully collected by September 30,2004; and
WHEREAS, it is anticipated that as of September 30, 2004, a balance of
approximately $3,000 will be remaining from Business Improvement District No.2 operations; and
WHEREAS, it is recommended that such balance be transferred to Business
Improvement District No.5, which encompasses the same general area as Business Improvement
District No.2.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that all funds remaining in Business Improvement
District No. 2 as of September 30, 2004, and any future payments received from Business
Improvement District No.2 assessments shall be transferred to Business Improvement District No.5.
Adopted by the City Council of the City of Grand Island, Nebraska, September 14, 2004.
05\(\0 ~D(~~
RaNae Edwards, City Clerk
Approved as to Form
September 9, 2004