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HomeMy WebLinkAbout2024-600-10.07.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-600 RESOLUTION APPROVING AN AGREEMENT WITH MIDAMERICAN ENERGY COMPANY, OF DES MOINES, IOWA, IN THE ESTIMATED AMOUNT OF $595,271.60, IN CONJUNCTION WITH THE GAS MAIN EXTENSION TO SERVICE SOUTH WATERLOO BUSINESS PARK, AND AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo is committed to enhancing its infrastructure to promote economic development and support the anticipated growth within the South Waterloo Business Park; and WHEREAS, the project requires the extension of existing gas utilities to provide reliable and sufficient energy services conducive to attracting and retaining business ventures in the area; and WHEREAS, MidAmerican Energy Company has proposed to undertake the gas main extension project, with works scoped and costed at an estimated total of $595,271.60, to adequately serve the South Waterloo Business Park; and WHEREAS, a contractual agreement has been drafted to outline terms of services, financial responsibilities, and project deliverables between the City of Waterloo and MidAmerican Energy Company. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The agreement with MidAmerican Energy Company, in the estimated amount of $595,271.60, for the gas main extension to the South Waterloo Business Park is hereby approved. 2. The Mayor is authorized and directed to execute said agreement and any necessary related documentation to facilitate project commencement and progression. 3. The Engineering Department is charged with oversight of the project's progress and must report back to the council on key milestones and any deviations from the projected estimates or timelines. 4. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 7t' day of October 2024. ATTEST: Otter 9-(4( Quentin Hart, Mayor Kelley EelcIile Kelley Felchle, City Clerk SEAL A. 0