02/22/2005 Resolutions 2005-54
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RES 0 L UTI 0 N 2005-54
WHEREAS, the Housing Development Corporation is a non-profit corporation that
provides affordable housing programs in Grand Island through a Purchase, Rehab and Resale grant
award from the Nebraska Department of Economic Development; and
WHEREAS, the City of Grand Island refers clients to their program when
appropriate, and utilizes their First Time Home Buyer Education Class; and
WHEREAS, the Nebraska Department of Economic Development has committed
$200,000 per year for the next few years to the Housing Development Corporation to be dispersed
within Adams, Clay, Hall, Nuckolls and Webster counties; and
WHEREAS, each participating entity is asked to enter into an agreement with the
Housing Development Corporation to allow the Housing Development Corporation to provide their
affordable housing programs in the community; and
WHEREAS, the proposed Participation Agreement with the Housing Development
Corporation has been reviewed and approved by the City Attorney.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Participation Agreement with the Housing
Development Corporation to provide affordable housing programs in the community is hereby
approved; and the Mayor is hereby authorized and directed to execute such agreement on behalf of
the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, February 22, 2005.
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RaNae Edwards, City Clerk
Approved as to Form J:I
February 16, 2005 J:I City Attorney