HomeMy WebLinkAbout~Master - US Department of Comerce Economic Development Administration Grant RESOLUTION NO. 18-574
RESOLUTION APPROVING
THE DEPARTMENT OF COMMERCE'S ECONOMIC DEVELOPMENT
ADMINISTRATION (EDA) GRANT FOR INFRASTRUCTURE AT IOWA STATE
UNIVERSITY RESEARCH PARK PHASE IV IN THE
CITY OF AMES, IOWA
WHEREAS, the Department of Commerce Economic Development Administration
(EDA)has approved a grant in the amount of$1,743,558 as financial assistance for the Iowa
State University Research Park(ISURP) Phase IV road and utility improvements; and,
WHEREAS, this is the next phase at the ISURP and will extend infrastructure eastward
to South Riverside Drive to serve the lot being developed for Deere and Company's new facility;
and,
WHEREAS, improvements will include extending Collaboration Place (with on-street
bike lanes),paving South Riverside Drive (with shared use path), and extending water and sewer
mains; and,
WHEREAS, the City is also seeking a Revitalize Iowa's South Economy(RISE) grant
from Iowa DOT for at least$1,294,354.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the City Council approves the EDA grant in the amount of$1,743,558 and authorizes John
Joiner to sign the Financial Assistance Award on behalf of the City.
ADOPTED THIS 9t1i day of October, 2018.
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Diane R. Voss, City Clerk John- Haila, Mayor
Introduced by: Corrieri
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 91h day of October, 2018.