HomeMy WebLinkAbout1990-240-04.23.1990 RESOLUTION NO. 1990-240
A RESOLUTION AUTHORIZING SUBMISSION OF AN
APPLICATION FOR RISE FUNDING FOR BIG ROCK ROAD
RECONSTRUCTION.
WHEREAS, Waterloo is being considered as a site for a
manufacturing facility to relocate one of its divisions; and
WHEREAS, negotiations are underway with the firm; and
WHEREAS, the City of Waterloo endorses said project and
agrees to reconstruct a roadway to provide access to the
facility; and
WHEREAS, upon completion of the roadway project, an
immediate nonspeculative opportunity exists for permanent
job creation through the immediate location of said
manufacturer; 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 manufacturer would not be relocated in
Waterloo, Iowa; and
WHEREAS, if RISE funding is not immediately available,
the manufacturer will relocate its business to another state
and will look elsewhere for a site; 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 $210,124.00 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.
BE IT FURTHER RESOLVED that the Mayor and City Council
be directed and authorized to submit an application for RISE
Funds to the Department of Transportation for assistance in
construction of the roadway project.
PASSED AND ADOPTED this 23rd day of April, 1990.
Bernard L. Mckinley, May it
ATTEST:
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Larry = rger, Cit lerk/Auditor