12/06/2005 Resolutions 2005-345
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RES 0 L UTI 0 N 2005-344
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 between $255,000 and
$505,000 in funding for start up costs associated with a transportation -logistics center, known at
this time as Project Cottonwood; and
WHEREAS, the project would result in the creation of over 100 full-time equivalent
positions ofwhich at least 51 % would be held or made available to low to moderate-income persons;
and
WHEREAS, the City would retain $5,000 of such grant funding for audit and
administrative expenses associated with the grant; and
WHEREAS, a public hearing was held on December 6, 2005, to accept public
comment on the proposed project and 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 for the purpose
offunding start up costs associated with a transportation -logistics center, known at
this time as Proj ect Cottonwood.
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 of the City of Grand Island, Nebraska, December 6,2005.
QrS\Q.L 9D L(~
RaNae Edwards, City Clerk
Approved as to Form rl
December 1, 2005 rl City Attorney