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11/23/2004 Resolutions 2004-303 I I I RES 0 L UTI 0 N 2004-303 WHEREAS, existing electric, water, and sewer utilities currently serving Fonner Park must be relocated in preparation for the construction of the Heartland Events Center; and WHEREAS, the cost of such utility relocations is estimated at $440,000; and WHEREAS, as the City will become the owner of the Heartland Events Center upon the fulfillment ofthe bond obligations, this cost will be paid by the City; and WHEREAS, since the facility will become an asset ofthe City, it is reasonable that the costs for utilities infrastructure be capitalized as part of the facility. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the costs of $440,000 for the relocation of utilities infrastructure at the Heartland Events Center facility be authorized through the Capital Projects fund of the current budget. Adopted by the City Council of the City of Grand Island, Nebraska, November 23,2004. QJ\~ ~~ RaNae Edwards, City Clerk Approved as to Form November 18, 2004