City of Grand IslandCDBG Grant Agreement • January 7th, 2009
Contract Type FiledJanuary 7th, 2009In November 2008, the City of Grand Island was awarded a $75,000 Community Development Block Grant for a short-term economic development/planning grant to formulate a development plan for the re- use of a 1,700 acre military munitions production facility into a regional industrial center. CDBG funds of $73,750 will be applied to project costs, $1,250 will be paid to the City for grant administration and fiscal management. Matching funds of $75,000 have been awarded to the Grand Island Area Economic Development Corporation (GIAEDC) from a Department of Commerce, Economic Development Agency grant. The total project cost is estimated at $150,000.