HomeMy WebLinkAbout2017-133-2/20/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-133
RESOLUTION APPROVING SUPPLEMENTAL AGREEMENTS TO
60/20/20 RAILROAD SURFACE CROSSING REPAIR AGREEMENTS,
FOR THE E. 4TH STREET AND NEVADA STREET CROSSINGS, TO
CLARIFY THE MAXIMUM AMOUNT OF RETAINAGE THAT
HIGHWAY AUTHORITY MAY ELECT TO RETAIN, WHEN
MAKING PROGRESSIVE PAYMENTS TO COMPANY, AS
PROVIDED UNDER SECTION IX OF THE AFORESAID SEPARATE
AGREEMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that Supplemental Agreements to the 60/20/20 Railroad Surface Crossing Repair Agreements for
the E. 4 Street and Nevada Street Crossings, to clarify the maximum amount of retainage that
Highway Authority may elect to retain, when making progressive payments to company, as
provided under Section IX of the aforesaid separate agreement, by and between Chicago, Central
&Pacific Railroad Co., and the City of Waterloo,Iowa is hereby approved.
PASSED AND ADOPTED this 20ffi day of February 2017.
Quentin Hart, Mayor
ATTEST:
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Kelley Felc
City Clerk