06/28/2005 Resolutions 2005-193
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RES 0 L UTI 0 N 2005-193
WHEREAS, on July 22, 2003, the City of Grand Island adopted an Economic
Development Program and a Citizens Advisory Review Committee to oversee the process of
approving applications for economic development incentives; and
WHEREAS, Westward Airways, Inc., a Nebraska corporation, has applied for a
forgivable loan in the amount of $120,000 from the Grand Island Area Economic Development
Corporation in accordance with the Economic Development Program to match a federal grant of
$380,000 for start up costs and promotional activities; and
WHEREAS, such application has been approved by the executive committee ofthe
Economic Development Corporation and was approved on June 21, 2005 by the Citizens Advisory
Review Committee.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Economic Development Agreement by
and between the City, the Grand Island Area Economic Development Corporation and Westward
Airways, Inc., a Nebraska corporation, to provide $120,000 in economic assistance through a
forgivable loan to Westward Airways, Inc., to be used as a match for a federal grant in the amount of
$380,000 for start up costs and promotional activities to provide eastbound flight service from Grand
Island, Nebraska 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, June 28,2005.
RS'\~ WW~
RaNae Edwards, City Clerk
The Grand Island City Council passed Resolution H2005-23~-on
August 2~~ 2005 which rescinded this resolution.
Approved as to Form II
June 23, 2005