05/12/2020 Resolutions 2020-119RESOLUTION 2020-119
WHEREAS, the City of Grand Island, Nebraska has become an Entitlement Community as
part of the United States Department of Housing and Urban Development's Community
Development Block Grant (CDBG) Program; and
WHEREAS, City Council approved the use of Community Development Block Grant
Program Income Funds in the form of a Revolving Loan Fund for economic development projects;
and
WHEREAS, Revolving Loan funds will continue to be used for the goal of Job retention; and
WHEREAS, the City must enter into a Sub-Recipient Agreement with each Business
awarded funds from the Revolving Loan Fund.
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 Sub-Recipient Agreement with awarded Businesses 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, 2020.
Attest:
4�Q1 1 n.�.- �1.�:�1-,�-
RaNae Edwards, City Clerk
,�.. .
o-C'
Roge . Steele, Mayor
Approved as to Form tt�
May 11, 2020 �' Att rney