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HomeMy WebLinkAboutVISION IOWA CONTRACT IOWA changing RECEIVED FEB OB 2010 ,( /1');e_Ae// CC) February 1, 2010 S`` 3 3 0,9 ) , The Honorable Timothy J.Hurley City of Waterloo !V a 715 Mulberry Street Waterloo,IA 50703 Roger Olesen,President H.W. Grout Trust • 503 South Street Waterloo, IA 50701 The Honorable Jon Crews City of Cedar Falls 220 Clay Street Cedar Falls,IA 50613 RE: Vision Iowa Contract 01-VI-010—Cedar Valley River Renaissance Project Dear Mayor Hurley,Mayor Crews and Mr. Olesen: Please find enclosed a fully-signed copy of Amendment#4 to the Vision Iowa contract 01-VI-010 between the Vision Iowa Board and the City of Waterloo and H.W. Grout Trust and City of Cedar Falls for your file. Thank you for your work on this project. Please let me know if you should have any questions or concerns. I can be reached by phone at 515.725.3197, or by e-mail at alaina.santizo@iowalifechanging.com. Sincerely, • A aina Santizo Vision Iowa/CAT Program Manager Chester J.Culver,Governor IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT Patty Judge,Lieutenant Governor 200 East Grand Avenue,Des Moines,Iowa USA 50309 = Phone:515.7253000 6 Fax:515.725.3010 www.iowalifechanging.com \®> RECEIVED FEB 03'2010 Page 1 of 2 Amendment No. 4 Contract No. 01-VI-010 AMENDMENT PROGRAM: Vision Iowa CONTRACT NUMBER: 01-VI-010 AMENDMENT NUMBER: 4 EFFECTIVE DATE: November 11, 1009 THIS AMENDMENT is made by and between the VISION IOWA BOARD, (hereafter "Board"), 200 East Grand Avenue, Des Moines, Iowa 50309, an agency of the State of Iowa, and the City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703 and the H.W. Grout Trust, 503 South Street, Waterloo, IA 50701 and City of Cedar Falls, 220 Clay Street, Cedar Falls, IA 50613 (hereafter "Contractor"), Contractor, by correspondence dated October 28, 2009, requested that the contract be amended to extend the project completion date. Contract Number 01-VI-010 is hereby modified,on the condition that a written progress report is given to the Board in one year(December, 2010), as follows: GRANT AWARD AGREEMENT VISION IOWA NUMBER: 01-VI-010 TOTAL AMOUNT OF GRANT: $9,500,000 RECIPIENTS: CITIES OF CEDAR FALLS AND WATERLOO, IOWA AND THE H.W. GROUT TRUST PROJECT: "CEDAR VALLEY RIVER RENAISSANCE" PROJECT AGREEMENT EFFECTIVE DATE: July 13, 2005 PROJECT COMPLETION DATE: December 31, 2009 December 31, 2011 ARTICLE 9 COVENANTS OF RECIPIENTS 9.7.1 AFFIRMATIVE COVENANTS. Until the temis of this Agreement are fulfilled, the Recipients covenant to Vision Iowa that: (a) PROJECT WORK. The Recipients shall complete their respective components of the Project by December 31,2009 December 31, 2011. For the purposes of this section "complete"means the Project is fully constructed and operational. Page 2 of 2 Amendment No. 4 Contract No. 0l-VI-010 ARTICLE 11 DEFAULT AND REMEDIES 11.2 EVENTS OF DEFAULT. Each of the following shall constitute an Event of Default under this Agreement. (c) FAILURE TO COMPLETE. If the Project, in the sole judgment of the Board, is not completed by December 31, 2009 December 31, 2011. For the purposes of this section "completed" means the Project is fully constructed and operational. Except as otherwise revised above, the teiiiis, provisions, and conditions of Contract Number 01-VI-010 remain unchanged and are in full force and effect: FOR THE VISION IOWA BOARD: ,t5--;A/COVO is D. Bailey, Chairw an Date FOR THE CITY OF CEDAR FALLS: Jon . Crews, Mayor Dat FOR THE CITY OF WATERLOO: ` / l 4 Timothy J. H , Mayor Da e FOR THE H.W. GROUT TRUST: 4 :7--AV °L. Oci Roger Oletben, President Date