06/24/2008 Resolutions 2008-166RESOLUTION 2008-166
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 the funds to update a previously completed environmental
review at the Cornhusker Industrial Park (CAAP); and
WHEREAS, revolving loan funds must be obligated prior to June 30, 2008 or all but
$25,000 returned to the Nebraska Department of Economic Development; and
WHEREAS, the proposed project is an eligible use according to the 1994 City Reuse
Plan and jurisdictional requirements can be met through an interlocal agreement with Hall County to
expend funds in their jurisdiction; and
WHEREAS, Council action is required to obligate revolving loan funds to this project
to meet the June 30, 2008 reuse deadline.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCII. OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island obligates reuse funds
for the purpose of an environmental review update at the Cornhusker Industrial Park (CAAP)
contingent on a review of the final application, a recommendation from the reuse committee,
completion of an interlocal agreement with Hall County, compliance with the reuse plan and any
amendments thereto, and a public hearing prior to final approval.
Adopted by the City Council of the City of Grand Island, Nebraska, June 24, 2008.
v
Margaret Hornady, Mayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form ^ ~
June 20, 2008 ^ City Attorney