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01/11/2005 Resolutions 2005-4 I I I RES 0 L UTI 0 N 2005-4 WHEREAS, on June 27, 1994, the City of Grand Island enacted Ordinance No. 8021 creating the Community Redevelopment Authority ofthe City of Grand Island, Nebraska, to address the need for economic development opportunities through the vehicles provided in the Nebraska Community Development law at Neb. Rev. Stat. 918-2101, et seq., as amended; and WHEREAS, the Community Redevelopment Authority authorized Hanna:Keelan of Lincoln, Nebraska to prepare a Blight/Substandard Study for Redevelopment Area #5 to determine whether it fulfills the blight/substandard criteria ofthe Nebraska Community Development law; such redevelopment area is bounded by Capital Avenue and ih Street on the north, Skypark Road and a line along the east side of Lot 1 of Sanitarian Subdivision from ih Street to the Union Pacific Right- of-Way on the east, the Union Pacific Railroad tracks and Blight and Substandard Area #1 on the south, and the properties west of Geddes Street between ih Street and Capital Avenue; and WHEREAS, Hanna:Keelan completed such Blight/Substandard Study and has determined that the area should be declared as substandard or blighted areas in need of redevelopment; and WHEREAS, Hanna:Keelan presented such study to the Community Redevelopment Authority at its October 13,2004 meeting; WHEREAS, the Regional Planning Commission approved such study at its December 2, 2004 meeting; and WHEREAS, the Community Redevelopment Authority recommends that the City Council approve said study. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Blight/Substandard Study for Redevelopment Area #5 as identified above is hereby approved, and those areas identified in said study are declared to be blighted and substandard and in need of redevelopment as contemplated in the Community Development law. Adopted by the City Council of the City of Grand Island, Nebraska, January 11, 2005. Qof\aL ~D~ RaNae Edwards, City Clerk Approved as to Form January 6, 2005