HomeMy WebLinkAbout2002-050-01.28.2002 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2002-50
RESOLUTION AUTHORIZING THE SUBMISSION OF AN
APPLICATION FOR RISE FUNDING FOR RIVER ROAD
REALIGNMENT AND COMMERCIAL STREET EXTENSION
WHEREAS, Deere and Company is working on the redevelopment
of their Westfield site to provide for the redevelopment of an
advanced manufacturing facility, and
WHEREAS, the City of Waterloo endorse said project and
agrees to construct a Commercial Street extension to serve the
newly redeveloped site, and
WHEREAS, the redevelopment of the site involves the
donation of land and buildings by John Deere as well as
demolition, and
WHEREAS, the realignment of River Road, coupled with the
demolitions will create usable sites for further development,
and
WHEREAS, the redevelopment of the site will retain jobs in
the Waterloo community and State of Iowa through the
redevelopment of the Westfield site into an advanced
manufacturing facility, and
WHEREAS, funding assistance is available to cities through
the Department of Transportation RISE funding Program, and the
City of Waterloo is in need of such assistance in order to
construct the roadway extension and realignment of the other
roadways, and
WHEREAS, without RISE funding the City of Waterloo would
not be able to finance the construction of the roadway extension
and realignment, thus John Deere would not able to redevelop its
Westfield site and retain jobs in the community, and
WHEREAS, the City of Waterloo agrees to dedicate said
roadways for public use, and further the City will have
jurisdictional responsibility and will adequately maintain said
roadway, and
WHEREAS, it is necessary to obtain a $2, 283, 849. 60 grant
from RISE funds in order to complete said project, and
WHEREAS, the City of Waterloo endorses said project, in its
$570, 962 . 40 match for the roadway.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL BY THE
CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, that the City
endorse said Roadway project and that with the assistance of
RISE Funding, permanent jobs will be retained, and the roadway
will be dedicated to public use and adequately maintained.
tTA6iblution No. 2002-50
Page 2
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, BE IT FURTHER RESOLVED that the Mayor and City Council be
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0 r.directed and authorized to submit an application for RISE funds
'eto - the Department of Transportation for assistance in
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PASSED AND ADOPTED this 28th day of January, 2002 .
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Nancy EckerlLj City Clerk