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HomeMy WebLinkAbout2021-431-06.21.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2021-431 A RESOLUTION APPROVING A RISE GRANT APPLICATION FOR AN IMMEDIATE OPPORTUNITY PROJECT, 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 THE 11TH STREET BRIDGE REPLACEMENT, FOR A TOTAL PROJECT COST OF $8,923,952.00 AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, providing safe and efficient transportation access is an integral component of the City of Waterloo's efforts to retain and attract quality jobs to the area; and WHEREAS, Crystal Distribution intends to expand its Downtown Waterloo operation with a new 84,000-square-foot facility; and WHEREAS, reconstruction of the 11th Street Bridge is imperative to efficiently serve the truck traffic associated with the planned new facility; and WHEREAS, failure to provide adequate access to the development would impact Crystal Distribution'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 Depaitment 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 reconstruction of the 1 Street Bridge is hereby approved and endorsed by the City Council of Waterloo, Iowa as necessary to assist in the expansion of 65 jobs and increased truck traffic related to Crystal Distribution's new 84,000-square-foot facility. Resolution No. 2021-431 Page 2 (2) The bridge 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. (5) 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. PASSED AND ADOPTED this 21' day of June 2021. ATTEST: Kele1-et(ck/e Kelly Felchle, City Clerk SEAL �1d Quentin Hart, Mayor