HomeMy WebLinkAbout2010-855-9 /20/2010RESOLUTION NO. 2010-855
RESOLUTION SUPPORTING THE REAUTHORIZATION OF
GAMING AT THE ISLE CASINO HOTEL WATERLOO AND
VOTE YES ON THE NOVEMBER 2, 2010 BALLOT.
WHEREAS, the City Council encourages the voters of Black
Hawk County to support the reauthorization of gaming at the Isle
Casino Hotel Waterloo and vote Yes on the November 2, 2010
ballot.
WHEREAS, the Isle, through the Black Hawk County Gaming
Association:
1. Is a key tourism attraction and entertainment venue of
the Cedar Valley;
2. Is an important employer, with nearly 600 employees
serving visitors to the Cedar Valley;
3. Invested over $175 million so far in capital
investments, without incentives, with the possibility
of more growth as the market grows for the Isle;
4. Has become an important community participant through
the Alliance & Chamber, United Way, and many other
community and charitable organizations;
5. Supports Black Hawk County services through significant
annual property tax payments; and
6. Supports the Cedar Valley of Iowa through over $6
million per year in funds distributed by Black Hawk
County Gaming to general community, and charitable
projects throughout the Cedar Valley economic area.
WHEREAS, should the license expire without reauthorization,
the Isle Casino Hotel complex and the Gaming Association will be
forced to shut down, lacking a license to operate. This would be
highly detrimental to the Cedar Valley economic base, put
hundreds out of work, and impact the ability of Black Hawk County
to provide services. The loss of the Isle's contributions in
operational purchases and employment would tend to decrease
wealth in the Cedar Valley.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Isle Casino Hotel and its associated
Black Hawk County Gaming Association deserves our enthusiastic
support. The officers and staff are directed to coordinate the
public announcement of this resolution with similar actions
through the Greater Cedar Valley Alliance.
PASSED AND ADOPTED this
ATTEST:
Suzy h res, CMC
City Clerk
20th day September, 2010.
L
e,4�1
est G. Clark, Mayor