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LB840 Funds At Heart Of Council Meeting

Posted: 06 November, 2013

WAYNE (KTCH/KCTY) - LB840 funding was a top item of discussion when the Wayne City Council met for its regular monthly meeting Tuesday night. The council approved two applications for LB840 Funds, allocated from the $500,000 emergency loan fund that was established after the tornado.

The City Council granted Otte Construction $37,000 in LB840 Funds to be used for emergency business loans in the Tornado Disaster Recovery. The loan will be paid back in equal installments for 15 years, at 0% interest.
The council also approved a $10,000 LB840 loan to Innovative Protectives, Inc. for their rebuilding efforts.

Temporary electric service hook-up fees were waived by the council for those affected in the tornado area and related to storm damage only.

A public hearing was held to consider the Planning Commission’s recommendation regarding the Jorgensen Addition Plat. This plat includes Tomar Drive right-of-way, the property where the new fire hall is built, as well as land being sold by the City and property sold by Northeast Nebraska Investors to Jorgensen to provide parking for an outdoor sports venue. The sports venue will be part of an 11,500 square foot sports bar construction project located immediately east of McDonald’s on Highway 35. The council approved the Planning Commission’s recommendation, allowing the parking areas to be located on the same legal description as the building.

The council approved a Redevelopment Plan of Wayne Rentals, LLC to construct 36 market rate apartments in three buildings on West 13th St.

A public hearing was held on the annexation of certain real estate, including Pacific Coast Feather, Williams Form Engineering, Robert Woehler & Sons Construction, S&M Liquid Tire Fill, Railroad Right-of-Way, and the Wayne Municipal Airport. Council members passed an ordinance annexing said real estate to the City of Wayne and extending the corporate limits in the northeast quadrant of the City of Wayne to include this real estate.

The next City Council meeting will be held on Tuesday, Nov. 19 at 5:30 p.m.

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