HomeMy WebLinkAbout~Master - Local match funding for Stuart Smith Park Bank Stabilization Project RESOLUTION NO. 12-317
RESOLUTION APPROVING LOCAL MATCH FUNDING FOR
STUART SMITH PARK BANK STABILIZATION PROJECT
FOR THE CITY OF AMES,IOWA
WHEREAS, the City of Ames (hereinafter called"the Subgrantee"), County of Story, has
made application through the Iowa Homeland Security and Emergency Management Division
(HSEMD) to the Federal Emergency Management Agency(FEMA) for funding from the Hazard
Mitigation Grant Program, in the amount of$695,000.00 for the total project cost; and,
WHEREAS,the Subgrantee recognizes the fact that this grant is based on a cost-share basis
with the federal share not exceeding 75%, the state share not exceeding 10%, and the local share
being a minimum of 15% of the total project cost; and,
WHEREAS, the minimum 15% local share can be either cash or in-kind match.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Subgrantee agrees to provide and make available up to $120,000 (One hundred twenty
thousand dollars)of local monies to be used to meet the minimum 15%match requirement for this
mitigation grant application.
ADOPTED THIS 12th day of June, 2012.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Wacha
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12t'day of June, 2012.