HomeMy WebLinkAboutMEMO TO COUNCIL RESOLUTION 2004-73 —=--� CITY OF WATERLOOs IOWA
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Mayor
TIMOTHY J. Honorable Mayor Hurley and City Council Members
HURLEY Waterloo City Hall
Waterloo, Iowa 50703
COUNCIL
MEMBERS
RE: RELOCATION OF RIVER ROAD AND EXTENSION OF
COMMERCIAL STREET
AGREEMENT FOR RISE FUNDING
(VACANT) RM-8155(671)-9D-07
Ward I AGREEMENT NO. 2004-R-006
CAROLYN Honorable Mayor Hurley and City Council Members:
COLE
Ward 2
Attached is a proposed Agreement for RISE Funding that is associated with the future relocation
BUCK of a portion of River Road north of Commercial Street and the extension of Commercial Street
CLARK westerly through the John Deere Westfield Plant to Westfield Drive.
Ward 3
JOHN It is anticipated that this project could be constructed in 2006,but much depends on the
KINCAID redevelopment schedule of the Deere&Company's Westfield facility.
Ward 4
This Agreement includes funding of eligible project costs for a maximum grant amount of
RON $1,359,424.00. This RISE Grant requires fifty-percent(50%)local matching funds which is
WELPER broken down as follows:
Ward 5
BOB State RISE Funding $1,359,424.00 (50%)
GREENWOOD City of Waterloo Local Match $1,359,423.00 (50%)
At-Large
Total Project Funds= $2,718,847.00
ERIC
GUNDERSON The City's local match will be financed by General Obligation Bonds. Staff has reviewed this
At Large Agreement and recommends Council approve this document and authorize Mayor to sign and
enter into said Agreement.
If you have any questions or concerns,please contact me at this office.
Si cerel ,
Jeff Bales
Associate Engineer
cc: Eric Thorson, City Engineer
Don Temeyer, Community Planning&Development Director
Noel Anderson, City Planner
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