HomeMy WebLinkAbout1988-597-10.17.1988 rfi rC wn
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co 0 < RESOLUTION NO. 1988-597
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N E-itiC ' RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A GRANT
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C , F, E+ AGREEMENT BY AND BETWEEN THE CITY OF WATERLOO, IOWA; THE
H STATE OF IOWA, DEPARTMENT OF ECONOMIC DEVELOPMENT AND
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CEDAR METAL WORKS, CORP.
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WHEREAS, the City of Waterloo, Iowa, has submitted an
application for Community Economic Betterment Account funds on
behalf of Cedar Metal Works, Corp. ; and
WHEREAS, the Department of Economic Development has approved
and funded said CEBA application in the amount of $50 ,000 . 00 ; and
WHEREAS, it is necessary for the Mayor to execute a Grant
Agreement between the City, the State, and Cedar Metal Works,
Corp. setting forth terms of the grant.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the Mayor is authorized and directed
to execute the Agreement between the City of Waterloo, the State
of Iowa, and Cedar Metal Works , Corp. and that all necessary
documents shall be prepared to administer the grant.
PASSED AND ADOPTED this 24th day of October, 1988 .
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Bernard L. McKinley, Mayor
ATTEST:
Larr rger, C' •r. Clerk/Auditor
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