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08/26/2003 Resolutions 2003-242 I I I RES 0 L UTI 0 N 2003-242 WHEREAS, the City of Grand Island was recently awarded a $270,400 grant from the Department of Economic Development for owner-occupied rehabilitation; and WHEREAS, repayment of funds by the homeowner was not required in the past until the property was conveyed; and WHEREAS, due to a limitation of available funds for future projects, the Department of Economic Development has implemented additional requirements which address lead based paint, asbestos removal, require a 10% match from the homeowner on rehabilitation proj ects, and require repayment of a portion of the funds by the homeowner; and WHEREAS, due to the federal funding received by the City for its housing program, these issues must be incorporated into the guidelines established by the City's Community Development Division. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the guidelines established by the City's Community Development Division under the housing program are hereby amended to address lead based paint, asbestos removal, require a 10% match from the homeowner on rehabilitation proj ects, and require repayment of a portion of the funds by the homeowner in conformance with guidelines implemented by the Department of Economic Development. Adopted by the City Council of the City of Grand Island, Nebraska, August 26, 2003. Qr\()O C2~_~ RaNae Edwards, City Clerk Approved as to Form l:t jJ /( (j ) August 22, 2003 l:t City Attorney