09/22/2009 Resolutions 2009-231RESOLUTION 2009-231
WHEREAS, the City of Grand Island has been awarded a $993,000 Neighborhood
Stabilization Program 1 (NSP 1) grant from the Nebraska Department of Economic Development
to acquire and demolish six vacant and blighted structures for redevelopment with new housing;
and
WHEREAS, NSP 1 Acquisition/Demolition Guidelines and NSP 1 Direct Subsidy
Guidelines for First-Time Homebuyers have been drafted for the Community Development
Neighborhood Stabilization Program to meet both Department of Housing and Urban
Development and Community Development Block Grant (CDBG) requirements; and
WHEREAS, Subordination Guidelines that govern both NSP 1 and CDBG deferred
payment, forgivable loan or grant funds have also been updated for approval.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the NSP 1 Acquisition/Demolition Program
Guidelines, the NSP 1 Direct Subsidy for First-Time Homebuyers Guidelines, and NSP 1/CDBG
Subordination Guidelines are adopted and approved and that such guidelines be submitted to the
Nebraska Department of Economic Development.
Adopted by the City Council of the City of Grand Island, Nebraska, September 22, 2009.
tic- ~ "~-
Margaret ornady, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form p
September 21, 2009 ~ CityAttorney