08/23/2005 Resolutions 2005-233
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RES 0 L UTI 0 N 2005-233
WHEREAS, on June 28,2005, by Resolution 2005-193, the City Council of the City
of Grand Island approved an Economic Development Incentive Agreement with Westward Airways,
Inc. to provide a forgivable loan in the $120,000 for start up costs and promotional activities in
providing eastbound air service to the Grand Island area; and
WHEREAS, Westward Airways, Inc. has suspended all operations; and
WHEREAS, it is recommended that Resolution 2005-193 be rescinded and the
Economic Development Incentive Agreement with Westward Airways, Inc. be null and void.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Resolution 2005-193 authorizing $120,000 in
economic development assistance through a forgivable loan to Westwards Airways, Inc. is hereby
rescinded.
BE IT FURTHER RESOLVED, that the Economic Development Incentive
Agreement with Westward Airways, Inc. is hereby declared null and void.
Adopted by the City Council of the City of Grand Island, Nebraska, August 23,2005.
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RaNae Edwards, City Clerk
Approved as to Form l:I ])IIAS
August 18, 2005 l:I City Attorney