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04/12/2005 Resolutions 2005-105 I I I RESOLUTION 2005-105 WHEREAS, The Great Race is an event which features up to 100 vintage vehicles that race across the United States under controlled speeds; and WHEREAS, this year The Great Race will start in Washington, D.C. and end in Tacoma, Washington with Grand Island as a proposed overnight destination; and WHEREAS, Rally Partners, Inc., a Nevada corporation, is the overall sponsor, coordinator and promoter of the event; and WHEREAS, Rally Partners, Inc. has requested the City of Grand Island to coordinate the overnight stop for The Great Race participants and staff; and WHEREAS, it is anticipated that the event would provide a positive financial impact to the community; and WHEREAS, the Grand Island Area Economic Development Corporation, the Grand Island/Hall County Convention and Visitors Bureau, the Downtown and South Locust Business Improvement Districts and local business have expressed an interest in contributing to the success of this event; and WHEREAS, the proposed The Great Race 2005 Overnight City Host Agreement which sets out the City's obligations to coordinate such event 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 Great Race 2005 Overnight City Host Agreement by and between the City and Rally Partners, Inc., a Nevada corporation, is hereby approved. 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 ofthe City of Grand Island, Nebraska, April 12, 2005. QS\a.L ffiw~ RaNae Edwards, City Clerk Approved as to Form II ~ It? Ll~ April 6, 2005 II I Y Attorney