HomeMy WebLinkAbout2019-653-08/26/2019 Prepared by, LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-653
RESOLUTION APPROVING A RISE GRANT 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 SHAULIS
ROAD, FOR A TOTAL PROJECT COST OF $5,000,000, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
WHEREAS, providing adequate, safe, and efficient movement of persons and goods is an
integral component of the City of Waterloo's efforts to retain and attract quality economic
development and jobs to the area; and
WHEREAS, Lost Island plans to develop a major Theme Park on 200 acres of land south
of Shaulis Road and west of U.S. Highway 218; and
WHEREAS, construction of the improvements to Shaulis Road are imperative to
adequately, safely, and efficiently handle the increased automobile, truck, and non-motorized
traffic associated with the planned development; and
WHEREAS, failure to provide adequate, safe, and efficient access to the proposed
development could negatively impact the development of Lost Island Theme Park, resulting in a
potential loss of tourism and jobs to the state; and
WHEREAS, it is in the best interest of the City of Waterloo to avail itself of financial
assistance through the RISE Local Development Program as administered by the Iowa
Department of Transportation(DOT); and
WHEREAS, the RISE Local Development application, with a total project cost of
$5,000,000.00, best addresses the needs of the City.
NOW THEREFORE, BE IT RESOLVED by the City Council of Waterloo, Iowa, as
follows:
(1) The RISE Local Development application for the construction of improvements to
Shaulis Road is hereby approved and endorsed by the City Council of Waterloo,
Iowa as necessary to meet the traffic needs associated with the 200-acre Lost
Island Theme Park development.
(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 of 50 percent of the
local eligible share 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 No. 2019-653
Page 2
PASSED AND ADOPTED this 26th day of August 2019.
CA_u_e/a,
Quentin Hart, Mayor
ATTEST:
c
K:lley Felchle
City Clerk