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03/14/2023 Resolutions 2023-71RESOLUTION 2023-71 WHEREAS, by Resolution 2022-341, the City approved a Redevelopment Plan for all of Area No. 28 for the Conestoga Marketplace project and committed up to $5,500,000 in reimbursements for public infrastructure acquisition and construction related to the Redevelopment Plan; and WHEREAS, on February 20, 2023 Central Community College (CCC) came before City Council to provide a detailed cost estimate and request funding for infrastructure improvements on the CCC Grand Island campus in the total amount of $550,000; and WHEREAS, the City has remaining American Rescue Plan Act (ARPA) funds in the amount of $5,500,000 and the City Council now wishes to allocate the remaining ARPA funds to the Conestoga Marketplace redevelopment project and to the CCC Grand Island campus proj ect. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the City's remaining ARPA funds shall be allocated as follows: 1. Up to $5,000,000 to the City's contributions to the Conestoga Marketplace Redevelopment Plan. 2. Up to $500,000 to the City's contributions to the Central Community College Grand Island Campus infrastructure improvements. 3. Should any ARPA funds remain unallocated or unspent after the City has satisfied its reimbursement obligations to Conestoga Marketplace and Central Community College, such funds shall be deposited to the City's General Fund for City operations. BE IT FURTHER RESOLVED, that the Mayor and his designees are hereby authorized and directed to take all actions necessary to carry out the intent of this resolution. Adopted by the City Council of the City of Grand Island, Nebraska, March 14, 2023. � Roge . Steele, ayor Attest: c: �r'�e-�� r-�J J�Granere, Deputy City Clerk Approved as to Form � March 13, 2023 tt City Attorney