HomeMy WebLinkAboutIowaDOT Rise Grant - Warp Drive Phase #3 - 6.16.2025r 20ao02 ta,at &IOWADOT
APPLICATION FORM FOR
RISE: IMMEDIATE OPPORTUNITY PROJECT FUNDING
Applicant Name (City or County of):
Contact Person
(Name and Title): Jamie Knutson, PE, City Engineer
Street Address and/or
Box Number: 715 Mulberry Street
city: Waterloo
state: IA ZIP Code: 50703
Telephone Number:
319-291-4312
E-mall:
jamie.knutsWjwvvaterloo-ia.org
If more than one agency
or organization
is involved in this project, please state the highway authority, contact person, mailing address, and
telephone number of the
second agency.
(Attach an addillonal page ff more
than two agencies are involved.)
City or County of
Contact Person
(Name and Title):_
Street Address and/or
Box Number:
City:
State: ZIP Code:
Telephone Number: E-mail:
Project Title: Warp Drive Phase #3
Was this application discussed with or reviewed by Iowa Department of Transportation district office staff? IXYes ❑ No
Have you applied for funding from the Iowa Department of Economic Development? If yes, please explain ❑ Yes T�'No
the source and conditions. %%''ll
Please complete the following.
The proposed
project
is on a:
City Street. ❑Secondary
Road. ❑Primary Road.
The proposed
project
Involves:
Development of anew road (length in feet: 1,800
).
Improvement of an existing road flengm in feet:
❑
Both.
The proposed
project
Involves:
Expanding an existing development.
Attracting a new development.
❑
Retaining an existing development.
Has any part of this development or roadway project been started? If yes, please explain. ❑Yes �No
Does the project involve relocation of economic activity from elsewhere in Iowa? If yes, please explain. ❑Yes � No
This application is for RISE funding as a: ❑Loan. �Granl. ❑Combination.
If this application isfor a loan or combination loan and grant, please state the proposed terms of repayment (include the amount
of principal to be repaid, proposed interest rate, length of repayment, etc.).
If this application is for funding for two or three program years, please specify the amount of Tunding requested for each year.
First Year' $929,784 Second Year
Third Year
Page 1 of 6
ROADWAY PROJECT COST INFORMATION
Please attach an itemized breakdown as Item J.
RISE funds requested for Roadway Project
$929,784
Non -RISE funds available for Roadway Project $232,446
List below the source and amount of these non -RISE Roadway Funds:
2.
3.
4.
Source
Amount
Assured?
City of Waterloo
$232,446
XYes ❑ No
❑ Yes ❑ No
❑ Yes ❑ No
❑ Yes ❑ No
Total Cost of Roadway Project
(The RISE funds
requested
and the non -RISE Tunds available should
equal
the Total Cost of
Roadway
Project.)
$1,162,230
TOTAL CAPITAL INVESTMENT INFORMATION
(For purposes of this application, total capital investment should not include any investment in the roadway project.
Please attach an Itemized breakdown as Item I.)
Capital Investment from private sources (non -roadway)
Capital Investment from public sources (non -roadway)
Total Capital Investment
ESTIMATED PROJECT DEVELOPMENT SCHEDULE
The type of development involved is: j5a' IndustrialMlanufacturing.
Construction/Offi ce/Wholesale,
❑ Parkrroudst/Recreational.
❑ Retail.
❑ Other (specify).
$2601000;000
$7,508,370
$267,508 370
Please state the number of permanent, direct jobs created and/or retained as a result of this project. (Direct jobs
created refer to newjobs in tirms, developments, or sites specifically assisted by a RISE project but do not include
construction or indirect "multiplier" jobs, Direct jobs retained do not include existing jobs unless there Is an
immediate threat the development will be located out-of-state, and documentation Is provided.)
Permanent, full-timejobs at present 129 (Use lull -time equivalents it necessary,)
Initial direct jobs created
(within the first three years) 90
Future direct jobs created
(beyond first three years)
Total directjobs created 219 Total direct jobs retained 129
Page 2 of 6
DOCUMENT INFORMATION
The following documents and narratives must be submitted with this application. In the upper right corner of each document or
narrative write the corresponding letter shown below. (Please refer to the general instructions loran explanation of each item.)
A. A resolution or resolutions approved by the participating local governments.
B. A narrative describing the potential economic development.
C. A transportation narrative assessing existing conditions, outlining the proposed concept of the roadway project, and
the location of associated economic development.
XD, A reproducible map Identifying the general area, the location of the roadway project, and the location of associated
economic development.
E. A plan and typical cross section of the roadway project.
F. A time schedule for the total development, Including the roadway project.
G. Assurance of at least 20 percent non -RISE financial participation in the project.
H. Documentation that arrangements have been made for nonroadway factors Intrinsic to the success of the development.
I. An Itemized breakdown of total capital investment (nonroadway).
J. An Itemized breakdown of total roadway project costs. The attached form must be used.
K. A narrative describing the associated economic development and jobs. The attached form must be used.
L. Documentation that the proposed roadway project and economic development are consistent with any regional or
metropolitan area long-range transportation plans in effect for the RISE project.
XM. Completed Minority Impact Statement attached to application.
To the best of my knowledge and belief, all information included in this application is true and accurate, including the commitment of all
physical and financial resources. This application has been duly authorized by the participating local government(s). I understand the
attached resolution(s) binds the participating local governments to assume responsibility for adequate maintenance of any new or
improved city streets or secondary roads.
I hereby certify, under penalty of perjury, that any award of RISE funds; any subsequent letting of contracts for design, construction,
reconstruction, Improvement, or maintenance; or the furnishing of materials therefore; shall not involve direct or indirect interest,
prohibited by Iowa Code 15A.2, 314.2, 362.5, or 331.342, of any state, county, or city official, elective or appointive. Any award of RISE
funding or any letting of a contract in violation of the foregoing provisions shall invalidate the award of RISE funding and authorize a
complete recovery of any funds previously disbursed.
I understand that, although this information is sufficient to secure a commitment of funds, a firm contract between the applicant and the
department is required prlortothe authorization of funds.
Representingthe City of Waterloo, IOWa
Signed
Quentin Hart, Mayor
Typed Name and Title
Attested
Kelley Felchle, City Clerk
Typed Name
Name of Applicant's Governing Authority
Page 3 of 6
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