04/12/2011 Resolutions 2011-81RESOLUTION 2011 -81
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 $605,000 Economic
Development Grant ($600,000 project cost /$5,000 general administration) for the Direct Financial
Assistance to a For -Profit Business for purchasing equipment, and
WHEREAS, Case New Holland has committed matching funds of $1,900,000 for a
projected project cost of $2,500,000; and
WHEREAS, this project will result in the hiring of 45 employees, 26 of which will be
held by or offered to persons of Low -to- Moderate - Income, 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 April 12, 2011, offers the public opportunity to
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 equipment purchase to facilitate job creation and the Mayor is hereby authorized
and directed to execute such proceedings on behalf of the City of Grand Island for such grant
programs.
Adopted by the City Council of the City of Grand Island, Nebraska, April 12, 2011.
Attest:
4.�. w
RaNae Edwards, City Clerk
Approved as to Form n_
April 11, 2011 13 City Attorney