HomeMy WebLinkAbout2018-408-6/4/2018 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2018-408
Resolution approving the Main Street Iowa Program Agreement,
Agreement # PS2019-G300-49 between the Iowa Economic
Development Authority, the City of Waterloo and Cedar Skyline
Corporation / DBA Main Street Waterloo for the purpose of
continuing the Main Street Program in Waterloo for a period of 18
months ending December 31, 2019, and Resolution of Support of
the Main Street Waterloo Program, commitment to provide
funding to the Main Street Waterloo Program with funding sources
to include Downtown TIF and bond funds and/or SSMID proceeds,
and commitment to appoint a city official to represent the City on
the Local Main Street governing board of directors, and that the
Local Main Street Program will continue to follow the Main Street
Approach as developed by the National Main Street Center, Inc.
and espoused by Main Street Iowa.
WHEREAS, an Agreement between the Iowa Economic Development Authority, Main
Street Waterloo and the City of Waterloo for the purpose of continuing the Main Street Iowa
program in Waterloo and,
WHEREAS,this Agreement is pursuant to contractual agreements between Main Street
America and the Iowa Economic Development Authority to assist in the revitalization of the
designated Main Street project area of Waterloo Iowa and,
WHEREAS,the City Council of Waterloo endorses the goal of economic revitalization of
the designated Main Street District within the context of preservation and rehabilitation of its
historic buildings and supports the continuation of the Main Street Approach TM as developed by
Main Street America and espoused by Main Street Iowa.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, meeting in regular session on June 4, 2018,that the City of Waterloo hereby agrees to
support both financially and philosophically the work of Main Street Waterloo, designates the
Main Street Board to supervise the Executive Director and commits to appoint a city official to
represent the City on the local Main Street Board. The source of funds to support Main Street
Waterloo will be $40,000 from the TIF and $10,000 from the City's Hotel Motel Discretionary
fund.
PASSED AND ADOPTED this 4th day of June 2018.
Quentin Hart, Mayor
ATTEST:_.
Kelley Fel le
City Clerk