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HomeMy WebLinkAbout2024-706-11.18.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-706 A RESOLUTION APPROVING AN AGREEMENT WITH MIDAMERICAN ENERGY COMPANY, OF DES MOINES, IOWA, IN THE AMOUNT OF $358,857.04, IN CONJUNCTION WITH FURNISHING ELECTRIC SERVICE TO W.A.R.P. 4TH ADDITION, AND AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo seeks to ensure the provision of reliable electric service to the W.A.R.P. 4th Addition to support current and future development in the area; and WHEREAS, MidAmerican Energy Company, based in Des Moines, Iowa, has been identified as the appropriate service provider to carry out the necessary installation and connection works for electric service; and WHEREAS, an agreement detailing the scope of work, cost, and terms has been presented, with the total amount being $358,857.04; and WHEREAS, engaging in this agreement is in the best interest of the city to promote economic development and accommodate new projects effectively. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The agreement with MidAmerican Energy Company of Des Moines, Iowa, in the amount of $358,857.04 to furnish electric service to the W.A.R.P. 4th Addition is hereby approved. 2. The Mayor is authorized and directed to execute said document on behalf of the City of Waterloo, Iowa. 3. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 18th day of November 2024. ATTEST: Kelley Felchle SIGNEo Kelley Felchle, City Clerk SEAL a. • • 4llll {JJ ,{,J,JJ 1 v 0 • 0 Quentin Hart, Mayor