The Nebraska City Housing and Community Development Agency is scheduled to meet at 5:50 p.m. at city hall on Monday, March 18, to discuss using LB840 funds to extend a sewer line at north 19th Street.
The LB840 Application Review Board is scheduled to meet at noon at the Nebraska City Area Economic Development Corporation office on March 18.
The Nebraska City City Council approved the LB840 economic development plan in August of 2006 to use sales tax collections not to exceed $200,000 per year.
The plan proposed to voters divided fund spending between administration, 10 percent; business development, 30 percent; tourism, 10 percent, industrial development, 25 percent and downtown redevelopment, 25 percent.
Industrial development funds are intended to expand the labor market, create jobs, attract new capital investment and industry and create job opportunities for higher-than-average wages.
Last March, city commissioners annexed 136 acres into the city including the solid waste transfer station. Assets of the transfer station were transferred to the community development agency.
The agency can build speculative buildings, promote job growth and take on bond debt.
The annex also included 42 acres purchased by the Nebraska City Area Economic Development Corporation from north 22nd Street east to north 19th Street.