HomeMy WebLinkAbout2019-855-11/12/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2019-855
RESOLUTION APPROVING THE MAIN STREET IOWA
PROGRAM AGREEMENT, AGREEMENT # PS20-G300-MSI-
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 24 MONTHS ENDING DECEMBER 31, 2021, 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
CITY AND LOCAL MAIN STREET PROGRAM WILL
CONTINUE TO FOLLOW THE MAIN STREET APPROACH
AS DEVELOPED BY THE MAIN STREET AMERICA 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 for a period of 24 months has been purposed, 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, hereby agrees to support both financially, source of funds will be $40,000 from the TIF and
$10,000 from the City's Hotel Motel Discretionary fund, and philosophically for a period of 24
months the work of Main Street Waterloo, designates the Main Street Board to supervise the
Executive Director, and commits to appointing a city official to represent the City on the local
Main Street Board.
PASSED AND ADOPTED this 12th day of November 2019.
,15111
Quentin Hart, Mayor
ATTEST:
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el ey Felchl:I
City Clerk