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03/18/2003 Resolutions 2003-76 I I I RES 0 L UTI 0 N 2003-76 WHEREAS, the City of Grand Island, Nebraska, is an eligible unit of a general local government authorized to file an application under the Housing and Community Development Act of 1974 as amended, for Small Cities Community Development Block Grant Program; and WHEREAS, the City of Grand Island, Nebraska, has obtained its citizens' comments on community development housing needs; and has conducted public hearings upon the proposed application and received favorable public comment respecting the application which is for an amount of $270,400 for the renovation of 10-12 homes; and owner equity. WHEREAS, the local match for the project will be met by interest buy down and NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Mayor is hereby authorized and directed to proceed with the formulation of any and all documents, contracts or other memoranda between the City of Grand Island and the Nebraska Department of Economic Development so as to effect application for and acceptance ofthe grant application for the purposes outlined above. Adopted by the City Council of the City of Grand Island, Nebraska, March 18, 2003. Q~\flO_ ?QUM~J RaNae Edwards, City Clerk Approved as to Form March 19,2003