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06/14/2005 Resolutions 2005-177 I I I RES 0 L UTI 0 N 2005-177 WHEREAS, the Hal County/Grand Island Convent & Visitors Bureau (CVB) currently leases property along Interstate 80, including signs at mile markers 309 and 321.7; and WHEREAS, the City of Grand Island is interested in sub-leasing the two signs from the CVB for promotional purposes; and WHEREAS, the lease cost for each sign is $250 per year; and WHEREAS, an agreement setting out the terms and conditions for such sub-lease arrangement 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 Agreement between the City and the Hall County/Grand Island Convention & Visitors Bureau is hereby approved, authorizing the City to sub- lease two signs from the Convention & Visitors Bureau on Interstate 80 at mile markers 309 and 321.7 for promotional purposes. 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, June 14,2005. DS\a.L- 9D W~ RaNae Edwards, City Clerk Approved as to Form II June 8, 2005