HomeMy WebLinkAbout2025-077-02.03.2025Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-077
A RESOLUTION APPROVING THE PROPOSED FUNDING
RECOMMENDATIONS FOR A FIVE-YEAR CAPITAL FUNDS
ACTION PLAN FOR FY 2024-2028, AS APPROVED BY THE
HOUSING AUTHORITY BOARD FOR MAINTENANCE AND
IMPROVEMENT OF THE EXISTING HOUSING COMPLEX
AT RIDGEWAY TOWERS.
WHEREAS, the Housing Authority Board has developed a Five -Year Capital Funds
Action Plan for Fiscal Years 2024 through 2028 to address critical maintenance and
improvements at the Ridgeway Towers housing complex; and
WHEREAS, the purpose of the Capital Funds Action Plan is to ensure the continued
safety, functionality, and aesthetic improvement of Ridgeway Towers, thereby enhancing the
quality of life for its residents; and
WHEREAS, the proposed funding recommendations have been reviewed and approved
by the Housing Authority Board and align with the strategic objectives for housing maintenance
and improvement; and
WHEREAS, a public hearing is required to approve such funding plans to facilitate the
appropriate allocation and utilization of resources for the proposed improvements;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City Council hereby approves the proposed funding recommendations as outlined
in the Five -Year Capital Funds Action Plan for FY 2024-2028 for Ridgeway Towers.
2. The Housing Authority is authorized to proceed with the implementation of the Action
Plan, utilizing the approved funds to carry out maintenance and improvement projects as
specified.
3. The Housing Authority shall provide regular updates and reports to the City Council
on the progress of the projects detailed in the Capital Funds Action Plan, ensuring visibility and
accountability in the allocation of funds.
4. The Mayor, City Clerk are authorized and directed to execute necessary documents to
implement this resolution on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of February 2025.
ATTEST:
62uer uz 114
Quentin Hart, Mayor
(eeley Felchle
Kelley Felchle, City Clerk
SEAL
0
DIGITALLY
SIGNED