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HomeMy WebLinkAboutMEMO TO COUNCIL - CONTRACT 727 R r �'. CITY OF WATERLOO, IOWA 04,745 w!Bri� i ,,,•,� WATERLOO ENGINEERING DEPARTMENT S1� 715 Mulberry St. • Waterloo, IA 50703 • (319) 291-4312 Fax (319) 291-4262 ERIC THORSON,P.E. • City Engineer February 6, 2007 Mayor TIMOTHY J. A021207 HURLEY Honorable Mayor Hurley and Waterloo City Council COUNCIL Waterloo City Hall Waterloo,IA 50703 MEMBERS REGINALD A. RE: F.Y. 2007 CYCLONE DRIVE/TITAN TRAIL SCHMITT CITY CONTRACT NO. 727 Ward 1 CITY-STATE AGREEMENT FOR RISE FUNDS CAROLYN RM-8155(697)-9D-07 COLE Ward 2 Honorable Mayor Hurley and City Council Members: HAROLD Please find attached two (2)copies of the proposed City-State Agreement No. 2007-R-013 for GETTY RISE Funds that will be utilized for the F.Y. 2007 CYCLONE DRIVE/TITAN TRAIL. Ward 3 IOHN A. This project is a connection from U.S. Highway 63 to the Greenbelt Centre—an area situated in KINCAID the southwest quadrant of U.S. Highway 63/West Ridgeway Avenue that is designated to Ward 4 facilitate light industrial and professional office space development. This project includes the paving and grading of approximately 400 feet of Cyclone Drive, 850 feet of Titan Trail and a RON left turn storage lane on U.S. 63. WELPER Wards This funding agreement includes RISE money programmed for all project eligible items with a BOB maximum grant amount of$271,709. The terms of this agreement include a fifty-percent(50%) GREENWOOD local contribution, which could total as much as $271,709 and be paid for out of the Local At-Large Option Sales Tax Fund. ERIC Staff has reviewed this agreement and recommends Council approve this document and GUNDERSON authorizes Mayor to sign and enter into said agreement. At-Large If you have any questions or concerns, please contact me at this office. S'ncerely, 1/2 v Jeff Bales Associate Engineer Attachments Cc: Don Temeyer, Community Planning&Development Director Noel Anderson, City Planner Michelle Weidner, Chief Financial Officer WE'RE WORKING FOR YOU! An Equal Opportunity/Affirmative Action Employer