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08/26/2008 Resolutions 2008-226RESOLUTION 2008-226 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 and to complete a Phase 1 Environmental Review at the Cornhusker Army Ammunition Plant/Industrial Park (CAAP); and WHEREAS, revolving loan funds were obligated at the June 24, 2008 by Council contingent on review of the final application, a recommendation from the reuse committee, approval of a resolution by Hall County for use on County property, compliance with the reuse plan and any amendments thereto, and a public hearing prior to final approval; and WHEREAS, the proposed project is an eligible use according to the 1994 City Reuse Plan and jurisdictional requirements were met through a resolution with Hall County to expend funds in their jurisdiction at an August 19, 2008 County Board meeting; and WHEREAS, the Reuse Committee met on August 12, 2008 and voted to recommend approval of the project to the City Council; and WHEREAS, a Public Hearing was held at the August 26, 2008 Council meeting and legal notice published 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 an environmental review update and Phase 1 Environmental Review at the Cornhusker Army Ammunition Plan/Industrial Park (CAAP) incompliance with the reuse plan and any amendments thereto. Adopted by the City Council of the City of Grand Island, Nebraska, August 26, 2008. Margare ornady, Mayor Attest: RaNae Edwards, City Clerk Approved as to Form ^ August 25, 2008 ^ City Attorney