09/22/2026 Resolutions 2026-259 RESOLUTION 2026-259
WHEREAS, on October 30, 2014, via Resolution No. 2014-338, City Council
approved an agreement with the Community Redevelopment Authority of the City of Grand Island
and Grand Island Joint Ventures LLC for the redevelopment of portions of the Grand Island Mall
Property in Grand Island,Nebraska including the issuance of TIF bonds in the amount of$5,600,000
and EEA bonds in the amount of$4,000,000 by the Authority; and
WHEREAS, the original agreement is now being amended to allow to reduce the
bond amounts and to authorize the Authority to issue a new TIF bond in the amount of$1,600,000
and new EEA Bond in the amount of$1,500,000; and
WHEREAS, such amendment was requested by Grand Island Joint Ventures LLC
and the Staenberg Group Inc; and
WHEREAS, such reauthorization of the bond with reduced principal amounts is in
the best interest of the City of Grand Island and its citizens.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Amendment No. 1 with the Community
Redevelopment Authority of the City of Grand Island, and Grand Island Joint Ventures LLC of St.
Louis Missouri for redevelopment of part of the Grand Island Mall is hereby approved.
BE IT FURTHER RESOLVED,that the Mayor is hereby authorized and directed to
execute such amendment on behalf of the City of Grand Island and that the City Clerk shall store,
retain,and make available for access all related and herein referenced documents in the same manner
as contracts and agreements are retained.
Adopted by the City Council of the City of Grand Island, Nebraska, September 22, 2026.
/9
'')1j).
RogerU. Steele, Mayor
Attest:
9Li(1 �Y�t�vt.aa'C-)
Jranere City Clerk