06/28/2011 Resolutions 2011-151RESOLUTION 2011 -151
WHEREAS, the City of Grand Island, Nebraska, was awarded a $605,000 Economic
Development - Community Development Block Grant for direct financial assistance to a for - profit
business for purchasing equipment; and
WHEREAS, $600,000 in grant funds will be used for equipment purchase and
$5,000 will be used by the City of Grand Island for General Administration, and
WHEREAS, the City entered into a Memorandum of Understanding with the
Nebraska Department of Economic Development, CNH America LLC and the South Central
Economic Development District, Inc. purposes of grant fund distribution and direction from the
Department of Economic Development for ongoing management of program income generated
from this grant,; and
WHEREAS, the City and the specified Nonprofit Development Organization of the
South Central Economic Development District, Inc. must execute a separate administrative
agreement for these activities, and
WHEREAS, the Council is requested to approve a Memorandum of Understanding
between the City of Grand Island and the South Central Economic Development District, Inc. for
carrying out the terms of the grant for business reimbursementand to specify use of program
income generated from grant repayment proceeds; and
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 enter into a Memorandum of Understanding between the City of Grand Island and
the South Central Economic Development District, Inc. for carrying out the terms of the grant for
business reimbursementand to specify use of program income generated from grant repayment
proceeds 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
Attest:
RaNae Edwards, City Clerk
Approved as to Form
June 24, 2011 0 ity orney.