06/25/2013 Resolutions 2013-189 RESOLUTION 2013-189
WHEREAS,the City of Grand Island,Nebraska,a municipal corporation and city of the first
class,has determined it be desirable to undertake and carry out urban redevelopment projects in areas
of the City which are determined to be substandard and blighted and in need of redevelopment; and
WHEREAS,the Nebraska Community Development Law,Chapter 18,Article 21,Nebraska
Reissue Revised Statutes of 2007, as amended (the "Act"), prescribes the requirements and
procedures for the planning and implementation of redevelopment projects; and
WHEREAS, the City has previously declared Redevelopment Area No. 6 of the City to be
substandard and blighted and in need of redevelopment pursuant to the Act; and
WHEREAS,the Community Redevelopment Authority of the City of Grand Island,Nebraska
(the "Authority"), has prepared a Redevelopment Plan pursuant to Section 18-2111 of the Act, and
recommended the Redevelopment Plan to the Planning Commission of the City; and
WHEREAS, the Planning Commission of the City reviewed the Redevelopment Plan
pursuant to the Act and submitted its recommendations,to the City,pursuant to Section 18-2114 of
the Act; and
WHEREAS, following consideration of the recommendations of the Authority to the
Planning Commission,the recommendations of the Planning Commission to the City,and following
the public hearing with respect to the Redevelopment Plan, the City approved the Plan; and
WHEREAS, it has been determined that the initial end date of the original contract will not
provide the funding necessary to cover the necessary expenses of redeveloping this property, and
WHEREAS, an extension of the contract date not to exceed the 15 years that would have
initially been permitted would allow the developer to received the necessary funding to cover the
necessary expenses.
NOW, THEREFORE, be it resolved by the City Council of the City of Grand Island,
Nebraska that the Grand Island Community Redevelopment Authority is authorized to enter into an
amended contract for Tax Increment Financing for the housing project on Blake and Darr Streets
described in the plan amendment approved by the Grand Island City Council on December 16,2008.
Approved as to Form �tf,A
June 24,2013 0 i A't rney
Adopted by the City Council of the City of Grand Islan!. ebra‘ka, June'25 ! .
i 444
vri.ek, Mayor
Attest:
RaNae Edwards, City Clerk
- 2 -