HomeMy WebLinkAbout~Master - Release of Financial Security for Public Improvements for Iowa State University Research Park Phase IV RESOLUTION NO. 19-133
RESOLUTION ACCEPTING RELEASE OF FINANCIAL SECURITY FOR
PUBLIC IMPROVEMENTS REQUIRED FOR
IOWA STATE UNIVERSITY RESEARCH PARK PHASE IV
FOR THE CITY OF AMES,IOWA
BE IT RESOLVED,by the City Council of the City of Ames, Iowa:
Section One. In accordance with the Certificate of the Public Works Department, the
financial security that was required as a condition for approval through a City public improvement
project will be funded by an Economic Development Administration(EDA)grant and a Revitalize
Iowa's Sound Economy (RISE) grant; therefore, the letter of credit currenty on file for these
improvements is no longer necessary.
Section Two. The bond given to secure performance of the public improvements is hereby
released and shall be returned to the subdivider.
ADOPTED THIS 9`' day of April, 2019.
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Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Corrieri
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 9tn day of April, 2019.