The Mayor and Council of the City of Grand Island, Nebraska (the “City”) hereby find and determine as follows:
A. Pursuant to Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), the Community Redevelopment Authority of the City of Grand Island (the “CRA”) has prepared and adopted the Amended and Restated Site Specific Redevelopment Plan, Grand Island CRA Area 9, which, in part, (1) provides for the development of a commercial shopping center (the “Redevelopment Project”) between State Street and Capital Avenue and between U.S. Highway 281 and Webb Road in the Redevelopment Project Area as shown on Exhibit “A” (attached hereto and incorporated herein by reference) and (2) designates the area shown in Exhibit “B” (attached hereto and incorporated herein by reference) as an “enhanced employment area” as defined in Section 18-2103(22) of the Act (the “Enhanced Employment Act Area”).
B. Pursuant to Section 18-2142.02 of the Act, the City is authorize to agree to and to levy and collect a general business occupation tax upon the businesses and users of space within the Enhanced Employment Act Area for the purpose of paying all or any part of the costs and expenses of the Enhanced Employment Act Project within the Enhanced Employment Act Area.
C. It is necessary, desirable, advisable and in the best interests of the City that a general business occupation tax be imposed within the Enhanced Employment Act Area as provided by the Act for the purpose set forth in subsection B.
HISTORY
Adopted by Ord. 9509 on 10/28/2014