06/14/2005 Resolutions 2005-171
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RESOLUTION 2005-171
WHEREAS, the City of Grand Island, Nebraska, is an eligible unit of a general local
government authorized to file an application through the Nebraska Department of Economic
Development for a Community Development Block Grant; and
WHEREAS, a grant application has been prepared to request funding in the amount
of $254,000 of which $250,000 will be loaned to the Grand Island Area Economic Development
Corporation for funding a speculative building targeted to metal working or warehouse type
companies; and
WHEREAS, the remaining $4,000 will be retained by the City of Grand Island for
audit and administrative expenses associated with the grant; and
WHEREAS, a public hearing was held on June 14, 2005, for the purpose of
discussing the proposed grant application.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1.
The City of Grand Island, Nebraska is hereby authorized to apply for financial
assistance from the Nebraska Department of Economic Development in the amount
of $254,000 of which $250,000 will be loaned to the Grand Island Area Economic
Development Corporation for funding a speculative building targeted to metal
working or warehouse type companies.
2. The Mayor is hereby authorized and directed to execute such grant application and
other documentation on behalf of the City of Grand Island for such grant process.
Adopted by the City Council ofthe City of Grand Island, Nebraska, June 14,2005.
QJ)AJ- 9~
RaNae Edwards, City Clerk
Approved as to Form Xl f)R { I.. J
June 8, 2005 Xl City Attorney