HomeMy WebLinkAbout1986-021-01.13.1986 RESOLUTION NO. 1986-21
A RESOLUTION AUTHORIZING THE SUBMISSION OF AN
APPLICATION FOR RISE FUNDING MR THE MARTIN ROAD
PAVING PROJECT AND ENDORSING THE MARTIN ROAD
PAVING PROJECT, AND
WHEREAS, the City of Waterloo, Iowa for a number of years,
recognized a need for paving Martin Road, to encourage industrial
ca 4 development, and
WHEREAS, the need for said improvement is yet unmet and the
1-1 City of Waterloo endorses the paving of Martin Road.
o WHEREAS, the City of Waterloo certifies that the roadway will
ti
c1, be dedicated to public use andwill continue to be dedicated to public
F-i `: use after said improvements are made, and
y I-. WHEREAS, the City of Waterloo will have jurisdictional
:' cr ?;- responsibility for the improved roadway and will adequately maintain
said improvement, and
c� WHEREAS, it is necesary for the City of Waterloo to obtain
additional financing for the improvements to Martin Road and RISE funds
s ; are available to request for such purposes, and
owe
'~ s G' WHEREAS, it is necessary for the City of Waterloo to submit an
e application for RISE funds to provide a grant of 80% of the construction
cost to pave Martin Road, with the remaining 20% to be raised through
the issue of a general obligation bond.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Waterloo, Iowa that the City endorses the Martin Road Paving
Project; and that the roadway is and will be dedicated to public use
and, adequately maintained; and further be it resolved that the Mayor
and City Clerk be authorized and directed to submit an application for
RISE funds from the Iowa Department of Transportation in the form of an
80% grant.
Passed and adopted this 13th day of January, 1986.
/ L 714:>
Bernard L. McKinley, Mayor
ArrEST:
P. rger, Ci erk Auditor
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