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08/10/2010 Resolutions 2010-209RESOLUTION 2010-209 WHEREAS, the City of Grand Island, Nebraska was awarded $993,000 and an additional $190,000 in Neighborhood Stabilization Program (NSP) grants from the Nebraska Department of Economic Development; and WHEREAS, the grant has enabled the city to purchase and demolish six (6) vacant, blighted structures and redevelop the lots into six (6) new homes, WHEREAS, the City has been granted permission to purchase and demolish an additional vacant, blighted structure for redevelopment into a new home for amiddle-income first- time homebuyer; WHEREAS, the property and structures at 201 W. 17th Street meets the blighted criteria as set by the Neighborhood Stabilization Program and the Nebraska Department of Economic Development; WHEREAS, a public hearing was held on August 10, 2010 for the purpose of discussing the proposed acquisition of the following real estate: Lot 1 (1), Block Eighty-seven (87) in Wheeler and Bennett's Fourth Addition to the City of Grand Island, Hall County, Nebraska (201 W. 17th St.) NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that: The City of Grand Island, Nebraska is hereby authorized to acquire the property and structures at 201 W. 17th Street and the Mayor is hereby authorized and directed to execute such contracts. Adopted by the City Council of the City of Grand Island, Nebraska, August 10, 2010. ~ ~~ ~. Margaret rnady, Mayor Attest: ~~ q.9.. (~.Lt.J G1T1~ RaNae Edwards, City Clerk Approved as to Form a 1 August 10, 2010 d City Attorney