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06/10/2008 Resolutions 2008-153RESOLUTION 2008-153 WHEREAS, the City of Grand Island, Nebraska, is an eligible unit of a general local government authorized to file an application through the Nebraska Department of Economic Development for a Community Development Block Grant; and WHEREAS, the Nebraska Department of Economic Development is presently accepting grant applications for community revitalization; and WHEREAS, a grant application has been prepared to request funding for water main replacement, direct rehabilitation for homeowners and down payment assistance for first time homebuyers; and WHEREAS, a $254,230 grant is being requested to fund such programs, $120,000 of which will be used for water main replacement, $108,314 for direct rehabilitation for homeowners and/or down payment assistance for first time homebuyers, 7% ($17,796) will be for General Administration, and 7% (8,120) will be used for Housing Administration. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCII., OF THE CITY OF GRAND ISLAND, NEBRASKA, that: 1. The City of Grand Island, Nebraska is hereby authorized to apply for financial assistance from the Nebraska Department of Economic Development for the purpose of funding water main replacement, Owner Occupied Rehabilitation and Down Payment Assistance for First Time Homebuyers for the City of Grand Island. 2. The Mayor is hereby authorized and directed to execute such grant application and other documentation on behalf of the City of Grand Island for such grant process. Adopted by the City Council of the City of Grand Island, Nebraska, June 10, 2008. Margaret ornady, Mayor Attest: ~~~ ~~~ RaNae Edwards, City Clerk Approved as to Form ^ June 9, 2008 ^ City Attorney