HomeMy WebLinkAbout2006-340-04/24/2006 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2006-340
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA APPROVING A RISE
APPLICATION FOR IMMEDIATE OPPORTUNITY;
DESIGNATING THE MAYOR AS THE OFFICIAL
REPRESENTATIVE OF THE CITY, AUTHORIZING THE
MAYOR TO AFFIX HIS SIGNATURE TO SAID
APPLICATION AND PROVIDING FINANCIAL
ASSURANCES IN CONJUNCTION WITH SAME, AND
ACCEPTING RESPONSIBILITY FOR MIDPORT
BOULEVARD.
WHEREAS, providing transportation access in the MidPort
Industrial Park is an integral component of the City of Waterloo' s
efforts to retain and attract quality jobs to the area; and
WHEREAS, ConAgra Foods intends to expand its operation in the
MidPort Industrial Park with the construction of a 200, 000 square
foot building, which will result in the creation of 50 jobs over
the next two years; and
WHEREAS, the construction of the MidPort Boulevard extension
has been identified as a necessary improvement to the planned
expansion of ConAgra Foods; and
WHEREAS, the construction of the MidPort Boulevard extension
is critical to the overall development of the MidPort Industrial
Park; and
WHEREAS, failure to provide adequate access to ConAgra Foods'
expansion would result in the loss of jobs; and
WHEREAS, it is in the best interest of the City of Waterloo,
Iowa, to avail itself of financial assistance through the RISE
Program as administered by the Iowa Department of Transportation
(IDOT) ; and
WHEREAS, the RISE application best addresses the needs of the
City;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, as follows:
1 . The RISE application for the necessary construction of
the proposed roadway improvements is hereby approved
and endorsed by the City Council of Waterloo, Iowa as
necessary to meet current needs and to assist in the
expansion of jobs related to ConAgra Foods and the
future development of the MidPort Industrial Park.
2 . The proposed roadway improvements will be dedicated to
public use and will be adequately maintained by the
City of Waterloo.
3. The City assures the IDOT that funds for a local match
of 20 percent of the eligible project costs have been
committed to the RISE project . The City of Waterloo
commits up to $174, 620. 00 in local match (20 percent)
toward the $873, 100. 00 total cost of the project.
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No. 2006-340
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.77 - The Mayor is hereby designated as the official
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directed and authorized to affix his signature to said
--- application and certain State assurances in conjunction
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i53ASBED AND ADOPTED this 24th day of April, 2006.
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Tim Hurley, Mayo
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