11/22/2005 Resolutions 2005-327
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RES 0 L UTI 0 N 2005-327
WHEREAS, Northwestern Public Service (NWPS) makes an annual contribution for
economic development purposes to the City of Grand Island in the amount of $86,000; and
WHEREAS, on September 26, 2000, the Mayor and City Council approved
Resolution 2000-291 establishing an economic development policy for receiving, considering and
making recommendations regarding requests for disbursement of said funds; and
WHEREAS, the office of the City Administrator received a recommendation for
funding from the local economic development committee for $25,000 payable to the Grand Island
Area Economic Development Corporation to assist with the principal payment involved in their loan
from the purchase of land at the Platte Valley Industrial Park; and
WHEREAS, said request is consistent with the intent ofNWPS in making its annual
economic development contribution, and the policy established by the Mayor and City Council.
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NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the request for disbursement in the amount of
$25,000 to fund the principal loan payment from the purchase of land at the Platte Valley Industrial
Park is hereby approved, and a payment is authorized to be made to the Grand Island Area Economic
Development Corporation for such purpose.
Adopted by the City Council of the City of Grand Island, Nebraska on November 22,2005.
Q~nu- mw~
RaNae Edwards, City Clerk
Approved as to Form l:l
November 16,2005 l:l City Attorney