HomeMy WebLinkAbout2019-436-06/10/2019Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-436
RESOLUTION APPROVING A REVITALIZE IOWA'S SOUND
ECONOMY (RISE) IMMEDIATE OPPORTUNITY
APPLICATION FOR LOCAL DEVELOPMENT,
DESIGNATING THE MAYOR AS THE OFFICIAL
REPRESENTATIVE OF THE CITY, AUTHORIZING THE
MAYOR TO AFFIX HIS SIGNATURE TO SAID
APPLICATION, PROVIDING FINANCIAL ASSURANCES IN
CONJUNCTION WITH SAME, ACCEPTING
RESPONSIBILITY FOR IMPROVEMENTS TO NEWELL
STREET, FOR A TOTAL PROJECT COST OF $1,156,600.60,
AND AUTHORIZE THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, providing safe transportation access is an integral component of the City of
Waterloo's efforts to retain and attract quality jobs to the area; and
WHEREAS, Con-Trol intends to expand its operation with a new 187,500 square foot
facility off of Newell Street; and
WHEREAS, construction of the improvements to Newell Streets are imperative to handle
the increased truck traffic associated with the planned expansion of Con-Trol; and
WHEREAS, failure to provide adequate access to the development would impact Con-
Trol's expansion decision, resulting in a potential loss of jobs to the state; and
WHEREAS, it is in the best interest of the City of Waterloo, Iowa, to avail itself of
financial assistance through the RISE Immediate Opportunity Program as administered by the
Iowa Department of Transportation (Iowa DOT); and
WHEREAS, the RISE application best addresses the needs of the City.
NOW THEREFORE, BE IT RESOLVED by the City Council of Waterloo, Iowa, as
follows:
(1) The RISE application for the construction of 1,265 feet of improvements to Newell
Street is hereby approved and endorsed by the City Council of Waterloo, Iowa as necessary to
assist in the expansion of three jobs and increased truck traffic related to Con-Trol's new 187,500
square foot facility.
(2) The roadway improvements provided for in this application will be dedicated to
public use and adequately maintained by the City of Waterloo.
(3) The City assures the Iowa DOT that funds for the local match have been committed to
the RISE project.
(4) The Mayor is hereby designated as the official representative of the City and is further
hereby directed and authorized to affix his signature to said application and certain State
assurances in conjunction with same.
Resolution 2019-436
Page 2
PASSED AND ADOPTED this 10th day of June 2019.
ATTEST:
elley Felchl
City Clerk
I-il14A/
Quentin Hart, Mayor