HomeMy WebLinkAbout2023-494-08.07.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-494
RESOLUTION APPROVING THE REFUNDABLE ADVANCE
FOR CONSTRUCTION ELECTRICAL SERVICE EXTENSION
PROPOSAL, IN THE AMOUNT OF $24,374.56, FOR
SPECULATIVE USE WITH MIDAMERICAN ENERGY, FOR
THE CONSTRUCTION AND PROVISION OF ELECTRIC
LINES ALONG WARP DRIVE, IN CONJUNCTION WITH THE
WATERLOO AIR AND RAIL PARK PROJECT, RESCINDING
RESOLUTION NO. 2023-300, AND AUTHORIZING THE
MAYOR TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
1. That the Refundable Advance Agreement dated August 7, 2023, between
MidAmerican Energy and the City of Waterloo, Iowa, in the amount of $24,374.56, for
Speculative Use with MidAmerican Energy, for the construction and provision of electric lines
along Warp Drive, in conjunction with the Waterloo Air and Rail Park Project, is hereby
approved and the Mayor is authorized and directed to execute said document on behalf of the
City of Waterloo, Iowa.
2. That Resolution No. 2023-300 is hereby rescinded in its entirety.
PASSED AND ADOPTED this 7th day of August 2023.
ATTEST:
Q aer cn 9 r�
Quentin Hart, Mayor
Kelley Felchle, City Clerk
SEAL
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