02/12/2013 Resolutions 2013-39 RESOLUTION 2013-39
WHEREAS, on July 22, 2003 the City of Grand Island adopted an Economic
Development Program and a Citizens Review Committee to oversee the process of approving
applications for economic development incentives; and
WHEREAS, Grand Island Area Economic Development Corporation (GIAEDC)
applied for a forgivable loan in the amount of$575,000.00 towards Public Works improvements at
the Platte Valley Industrial Park East form the Grand Island Area Economic Development
Corporation in accordance with the Economic Development Program; and
WHEREAS, such application was approved by the executive committee of the
Economic Development Corporation and was approved on July 20, 2010 by the Citizens Review
Committee, and
WHEREAS, it is in the best interests of the City to provide economic development
funding to the Grand Island Area Economic Development Corporation as provided by the Grand
Island Economic Development Program; and
WHEREAS,on July 27,2010 by Resolution No.2010-207 City Council approved the
Economic Development Agreement by and between the City of Grand Island and the Grand Island
Area Economic Development Corporation to provide$575,000.00 in economic assistance to Grand
Island Area Economic Development Corporation to be used for Public Works improvements
(installation of sanitary sewer and water) at the Platte Valley Industrial Park East in Grand Island;
and
WHEREAS, with the lower than expected bids for the installation of water and
sanitary sewer the Grand Island Area Economic Development Corporation is requesting to reallocate
the $575,000.00 of LB840 funds to allow for paving of Blaine Street, from Wildwood Drive to
Schimmer Drive; and
WHEREAS, the City has created a water and sanitary sewer district to aid in the
funding of both utility installations for the Platte Valley Industrial Park East.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND,NEBRASKA,that the reallocation of the$575,000.00 of LB840
funds to allow for paving of Blaine Street, from Wildwood Drive to Schimmer Drive is hereby
approved.
Approved as to Form
February 11,2013 • Nth`orney
Adopted by the City Council of the City of Grand Island, Nebraska, February 12, 2013.
C
Ja 1 avrice; , Mayor
Attest:
RaNae Edwards, City Clerk
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