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HomeMy WebLinkAbout2011-03-01/03/2011RESOLUTION NO. 2011-3 RESOLUTION OF THE WATERLOO CITY COUNCIL SUPPORTING AN APPLICATION TO THE IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT FOR A COMMUNITY ATTRACTION AND TOURISM GRANT AND COMMITTING FINANCIAL SUPPORT TO THE CEDAR VALLEY SPORTSPLEX PROJECT. WHEREAS, there is a recognized need for enhanced indoor recreation opportunities in the Cedar Valley, and; WHEREAS, after reviewing and approving the concept of the Cedar Valley SportsPlex project, the City Council supports the Waterloo Development Corporation's submittal of a grant application for Community Attraction and Tourism (CAT) funds to support the development of the Cedar Valley SportsPlex project, and; WHEREAS, there has been widespread local support for the Cedar Valley SportsPlex project, the City of Waterloo herewith commits $1,984,192.61 towards development of the Cedar Valley SportsPlex, subject to receiving a CAT grant. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, that they support the Cedar Valley SportsPlex project and the submission of the Community Attraction and Tourism grant application. BE IT FURTHER RESOLVED that the City Council of the City of Waterloo, herewith commits $1,984,192.61 to the Cedar Valley SportsPlex project, subject to funding by the CAT grant program. PASSED AND ADOPTED this 3rd day of January, 2011. Ernest G. Clark, Mayor ATTEST: Suzy hares, CMC City Clerk