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2014-18RESOLUTION 2014 -18 COUNCIL MEMBER ANDERSEN INTRODUCED THE FOLLOWING RESOLUTION: A RESOLUTION TO AUTHORIZE THE CITY OF BLAIR CITY COUNCIL TO RELEASE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) RE -USE FUNDS TO PROVIDE DIRECT FINANCIAL ASSISTANCE TO LITTLE BLOSSOMS CHILD CARE AND PRE- SCHOOL. WHEREAS, the City of Blair, Nebraska received Community Development Block Grant (CDBG) funds under the Housing and Community Development Act of 1974, and WHEREAS, the City of Blair, Nebraska has collected receivable program income from that CDBG award in the amount of thirty -five- thousand dollars ($35,000), and WHEREAS, the City of Blair, Nebraska has entered into an agreement with the Metropolitan Area Planning Agency (MAPA) to assume responsibility for implementing a Non- Profit Development Organization (NDO) Revolving Loan Program for the City as a component of the MAPA Foundation's overall Revolving Loan Fund portfolio, and WHEREAS, the MAPA Foundation shall administer a program that is in accordance with the City's Local CDBG Reuse Plan, and WHEREAS, Little Blossoms Child Care and Pre - School located in the City of Blair, Nebraska has applied for Revolving Loan Fund assistance from the MAPA Foundation for the purpose of direct financial assistance for the construction of a new facility, and WHEREAS, the City of Blair is authorized to release CDBG program income proceeds to the MAPA Foundation to supplement a loan package to Little Blossoms Child Care and Pre- School in accordance with the City's Local CDBG Reuse Plan and Agreement for NDO Service. NOW THEREFORE, BE IT RESOLVED, the City of Blair City Council authorizes the release of $35,000 in eligible CDBG program income proceeds to the MAPA Foundation. BE IT FURTHER RESOLVED THAT, the MAPA Foundation, upon satisfactory execution of the loan agreement between MAPA and Little Blossoms Child Care and Pre- School, shall release to said business a loan in the amount of fifty- thousand dollars ($50,000), the total of which to be supplemented with $35,000 in City of Blair CDBG program income. COUNCIL MEMBER KEPHART MOVED THAT THE RESOLUTION BE ADOPTED AS READ, WHICH SAID MOTION WAS SECONDED BY COUNCIL MEMBER SHEPARD. UPON ROLL CALL, COUNCIL MEMBERS VOTING "AYE" SHEPARD, KEPHART, RYAN, CHRISTIANSEN, ANDERSEN, HALL AND JENSEN. COUNCIL MEMBERS NONE VOTING "NAY", THE MAYOR DECLARED THE FOREGOING RESOLUTION PASSED AND ADOPTED THIS 27 DAY OF MAY, 2014. CITY OF BLAIR, NEBRASKA B JAMPs "ALPH, MAYOR ATTEST: 2&6 4 " BRENDA R. WHEELER, CITY CLERK (SEAL) STATE OF NEBRASKA ) WASHINGTON COUNTY ) ) :ss: BRENDA R. WHEELER hereby certifies that she is the duly appointed, qualified and acting City Clerk of the City of Blair, Nebraska, and that the above and foregoing Resolution was passed and adopted at a regular meeting of the Mayor and City Council of said city held on the 27th day of May, 2014. BRENDA R. WHEELER, CITY CLERK