HomeMy WebLinkAbout2010-767-8 /23/2010RESOLUTION NO. 2010-767
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA APPROVING A RISE
APPLICATION FOR COMPETITIVE RATING FUNDING
FOR LOCAL DEVELOPMENT PROJECTS; 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, the continued development of MidPort America is a
critical component of the City of Waterloo's efforts to retain
and attract quality jobs to the area; and
WHEREAS, the extension of MidPort Boulevard has been
identified as a necessary to continued development in MidPort
America; 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 CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, as follows:
(1) The RISE application for the construction of 700 feet
of MidPort Boulevard is hereby approved and endorsed
by the City Council of Waterloo, Iowa as necessary to
meet current needs and to assist in the continued
expansion of MidPort America.
(2) The street 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 the local
match of 50 percent of the eligible project costs have
been committed to the RISE project.
(4) 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.
Resolution No. 2010-767
Page 2
Passed and adopted this 23rd day of August, 2010.
Ernest G. Clark, Mayor
ATTEST:
i
Suzy S hares, CMC
City Clerk