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10/26/2010 Resolutions 2010-292RESOLUTION 2010-292 WHEREAS, the City of Grand Island, Nebraska, is an eligible unit of a general local government authorized to receive Community Development Block Grant (CDBG) funds through the Nebraska Department of Economic Development; and WHEREAS, the Nebraska Department of Economic Development is offering a CDBG Economic Development Grant for activities that meet the CDBG national objective ofbenefiting low- to-moderate income persons; and WHEREAS, the City will apply for and administer a $935,000 Economic Development Grant ($925,000 project cost/$10,000 general administration) for water and sanitary sewer installation at Platte Valley Industrial Park East; and WHEREAS, the Grand Island Area Economic Development Corporation and the City of Grand Island have committed matching funds of $1,275,000 for a projected project cost of $2,200,000; and WHEREAS, the Nebraska Department of Economic Development presently requires a public hearing to accept comments and inform the public on the status of the proposed project and grant application; and WHEREAS, the public hearing on October 26, 2010, offers the public opportunityto make such comments to the City Council. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island, Nebraska is hereby authorized to apply for an Economic Development grant from the Nebraska Department ofEconomic Development for infrastructure development at the Platte Valley Industrial Park and the Mayor is hereby authorized and directed to execute such proceedings on behalf o f the City of Grand Island for such grant programs. Adopted by the City Council of the City of Grand Island, Nebraska, October 26, 2010. Margaret ornady, ayor Attest: ~ ~ t,~ RaNae Edwards, City Clerk Approved as to Form p October 25, 2010 a City Attorney