HomeMy WebLinkAbout~Master - RAIL Project Contract with Ball Plastic Container Corporation RESOLUTION NO. 02-072
RESOLUTION APPROVING THE RAIL PROJECT AGREEMENT
WITH BALL PLASTIC CONTAINER CORPORATION, THE CITY OF AMES,
AND THE IOWA DEPARTMENT OF TRANSPORTATION
FOR THE CITY OF AMES,IOWA
WHEREAS, the City was awarded a RAIL grant from the Iowa Department of Transportation
(IDOT)for a rail extension at the Ball Plastic Container Corporation facilities in Ames; and,
WHEREAS, the cost of the project is estimated to be $100,000; and,
WHEREAS,the RAIL award was for$68,500 or 68.5%of the project cost,and the local match
of$25,000 has been provided for by a contribution of$12,500 each from the City of Ames and the Ames
Economic Development Commission(AEDC); and,
WHEREAS,the difference in the cost of the project and public participation is being contributed
by Ball Plastic Container Corporation; and,
WHEREAS, the City is the recipient of the RAIL funds from the IDOT, and the City then
administers the construction contracts; and,
WHEREAS, the City must enter into a contract with Ball Plastic Container Corporation that
reflects the terms and conditions of the RAIL contract between the City of Ames and the IDOT; and,
WHEREAS,this contract will give the City the ability to collect from the company any monetary
penalties incurred by nonperformance of job creations under the RAIL Contract Agreement; and,
WHEREAS, the project will create 25 jobs and the investment of at least $21,940,000 by the
company.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
the RAIL Project Agreement with Ball Plastic Container Corporation and the Iowa Department of
Transportation.
ADOPTED THIS 12r''day of February, 2002.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Hoffinan
Voting aye: Cross, Goodhue,Hoffinan, Quirmbach, Vegge,Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12r'day of February, 2002.