HomeMy WebLinkAbout2025-217-04.07.2025Docusign Envelope ID: 200462DC-50AD-4A17-AA3C-6D3F50E584FE
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-217
A RESOLUTION APPROVING A CITY/STATE FUNDING
AGREEMENT WITH THE IOWA DEPARTMENT OF
TRANSPORTATION FOR RISE FUNDING, IN THE AMOUNT
OF $2,272,935.00, IN CONJUNCTION WITH THE FY 2026
DAKOTA DRIVE EXTENSION, CONTRACT NO. 1129, WITH
CITY LOCAL CONTRIBUTION OF $1,515,290.00, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa, recognizes the need to extend Dakota Drive as
part of its ongoing efforts to improve local infrastructure and stimulate economic development;
and
WHEREAS, the Iowa Department of Transportation has made available Revitalize Iowa's
Sound Economy (RISE) Funding to assist with transportation projects that promote economic
growth; and
WHEREAS, the City of Waterloo has secured commitment of RISE Funding from the
Iowa Department of Transportation in the amount of $2,272,935.00, subject to the execution of a
City/State Funding Agreement; and
WHEREAS, the City of Waterloo will contribute locally financed funds amounting to
$1,515,290.00 towards the FY 2026 Dakota Drive Extension Project, bringing the total project
funding to $3,788,225.00; and
WHEREAS, it is in the best interests of the City of Waterloo to enter into the agreement
with the Iowa Department of Transportation to secure these funds and proceed with the project;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. That the City Council hereby approves the City/State Funding Agreement with the
Iowa Department of Transportation in the amount of $2,272,935.00 for RISE Funding
concerning the FY 2026 Dakota Drive Extension, Contract No. 1129.
2. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 7th day of April 2025.
ATTEST:
DocuSigned by:
eutz
A02DC1CCOOAD441-
...
Kelley Felchle, City Clerk
SEAL
4.
Signed by:
FUSS
1LUB4Cb6 1
Ray euss, ayor Pro Tem