01/11/2011 Resolutions 2011-1RESOLUTION 2011-1
WHEREAS, the City of Grand Island maintains a Revolving Loan Fund of recaptured
Community Development Block Grant (CDBG) Economic Development grant monies; and
WHEREAS, a request has been made from the Grand Island Area Economic Development
Corporation for use of $7,000.00 of the funds to update an April 2010 Environmental Review of
Platte Valley Industrial Park East; and
WHEREAS, the proposed project is an eligible use according to the 1994 City Reuse Plan
and generally meets the Nebraska State Economic Development Objective, meets the Local
Objective, is located in a qualifying area, and is a precursor to additional economic development
impacting infrastructure improvements within the city; and
WHEREAS, the Reuse Committee met on December 20, 2010 and voted to refer the
application request to the City Council with a recommendation for approval of a total of
$7,000.00 in reuse funds for the project; and
WHEREAS, a Public Hearing was held at the January 11, 2011 Council meeting and legal
notice published at least 10 days prior to said meeting; and
WHEREAS, Council action is required to commit revolving loan funds to this project.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island commits reuse
funds for the purpose of updating an Environment Review of Platte Valley Industrial Park East
and authorizes the Mayor to sign all related documents on behalf of the City of Grand Island for
this reuse project.
Adopted by the City Council of the City of Grand Island, Nebraska, January 11, 2011.
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Attest:
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RaNae Edwards, City Clerk
Approved as to Form II
January 10, 2011 n City Attorney