05/12/2015 Resolutions 2015-124 RESOLUTION 2015-124
WHEREAS, the City of Grand Island, Nebraska was awarded a $350,000 Downtown
Revitalization Community Development Block Grant from the Nebraska Department of Economic
Development; and
WHEREAS,as part of the grant's budgeted expenditures,a Revitalization Fund was created
for use of qualifying Downtown Businesses; and
WHEREAS,The Chocolate Bar is a business which is eligible to make use of the Downtown
Revitalization Fund; and
WHEREAS, The Downtown Business Improvement District reviewed and approved The
Chocolate Bar's Downtown Revitalization Fund application for the amount of$159,339; and
WHEREAS,the City must enter into a Downtown Revitalization Loan Agreement with each
organization to move forward with construction.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND,NEBRASKA,that The City of Grand Island,Nebraska is hereby
authorized to enter into a Downtown Revitalization Loan Agreement with The Chocolate Bar and the
-- Mayor is hereby authorized and directed to execute such contracts.
Adopted by the City Council of the City of Grand Island, Nebraska, May 12, 2015.
Jere
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. Je sent ayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form 0 411,0
May 11,2015 a City. rney