HomeMy WebLinkAbout1999-049-02.01.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-49
RESOLUTION AUTHORIZING SUBMISSION OF AN
APPLICATION FOR RISE FUNDING FOR THE PHASE II
TOWER PARK.
WHEREAS, the Tower Park area is being considered as the site
for the location of an undisclosed business; and
WHEREAS, negotiations are underway with the firm; and
WHEREAS, the City of Waterloo endorses said project and
agrees to construct a new roadway to provide access to the
facility; and
WHEREAS, upon completion of the new roadway project, an
immediate nonspeculative opportunity exists for the creation of
80 permanent jobs through the immediate location of an
undisclosed company; 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 new roadway; and
WHEREAS, without RISE funding the City of Waterloo would not
be able to fully finance the construction of the roadway, thus
the business would not locate in Waterloo, Iowa; and
WHEREAS, if RISE funding is not immediately available, the
undisclosed business may locate its business in another area; and
WHEREAS, the City of Waterloo certifies that the roadway
will be dedicated to public use, and further that the City will
have jurisdictional responsibility and will adequately maintain
said roadway; and
WHEREAS, it is necessary to obtain a $170 , 362 grant from
RISE funds in order to complete said project ; and
WHEREAS, the City of Waterloo endorses said project, in its
match for the roadway.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the City endorses said Roadway
Project and that with the assistance of RISE Funding, permanent
jobs will be created, deadlines for completion of construction
will be met, and that the roadway will be dedicated to public use
and adequately maintained.
FURTHER, BE IT RESOLVED that the Mayor and City Council be
directed and authorized to submit an application fee for RISE
funds to the Department of Transportation for assistance in
constructing the roadway project .
PASSED AND ADOPTED this 1st day of February, 1999 .
John ooff, Mayor
ATTEST:
146-6-
Nancy Eck t, City Clerk