06/23/2009 Resolutions 2009-138RESOLUTION 2009-138
WHEREAS, the City of Grand Island maintains a Revolving Loan Fund of recaptured
Community Development Block Grant (CDBG) Economic Development grant monies; and
WHEREAS, a request has been made from the Grand Island Area Economic Development
Corporation for use of $4,995 of the funds to update a previously completed Storm Sewer '
Drainage study for the Platte Valley Industrial Park; and
WHEREAS, the proposed project is an eligible use according to the 1994 City Reuse Plan
and generally meets the Nebraska State Economic Development Objective, meets the Local
Objective, is located in a qualifying area, and is a precursor to additional economic development
impacting infrastructure improvements within the city; and
WHEREAS, the Reuse Committee met on June 3, 2009 and voted to refer the application
request to the City Council with a recommendation for approval of $4,995 in reuse funds for the
project; and
WHEREAS, a Public Hearing was held at the June 23, 2009 Council meeting and legal
notice published 10 days prior to said meeting; and
WHEREAS, Council action is required to commit revolving loan funds to this project.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island commits reuse
funds for the purpose of a Storm Sewer Drainage update at the Platte Valley Industrial Park
and authorizes the Mayor to sign all related documents on behalf of the City of Grand Island for
this reuse project.
Adopted by the City Council of the City of Grand Island, Nebraska, June 23, 2009.
Margare Hornady, Mayor
Attest:
~a1 1 o~.p., Z~L(,.9o~
RaNae Edwards, City Clerk
Approved as to Form p ...E
June 22, 2009 p City Attorney