12/04/2001 Resolutions 2001-331
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RESOLUTION 2001-331
WHEREAS, the City of Grand Island, through the Community Projects Department,
acquires properties within its redevelopment area under the Voluntary Acquisition Program; and
WHEREAS, the City works with the Community Redevelopment Authority to
identify property that is substandard or unsafe, to demolish the existing structure and to rebuild an
affordable home on the lot; and
WHEREAS, the property to be acquired must be vacant or owner occupied and
located within the Community Development Block Grant area; and
WHEREAS, the current guidelines for the Voluntary Acquisition Program outlines
that no more than $20,000 can be used to acquire substandard property; and
WHEREAS, based on the current housing costs, few structures can be purchased for
that amount; and
WHEREAS, it is proposed that the guidelines be changed to increase the maximum
acquisition amount from $20,000 to $50,000.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the guidelines for the Voluntary Acquisition
Program be amended to allow for a maximum acquisition amount of $50,000.
Adopted by the City Council of the City of Grand Island, Nebraska on December 4, 2001.
Q~nmc ~~O L~bJ1-i
RaNae Edwards, City Clerk
Approved as to Form T ~
November 30, 2001 ... City Attorney