HomeMy Public PortalAboutResolution #2014-22, Resolution Authorizing Reimbursement Of Expenses Incurred By The City For Payment Under Iowa Code Section 403.19 UrbanRenewal RESOLUTION NO.2014-22
RESOLUTION AUTHORIZING REIMBURSEMENT OF EXPENSES INCURRED BY THE
CITY FOR PAYMENT UNDER IOWA CODE SECTION 403.19
WHEREAS,the City of Riverdale, Iowa will incur legal and planning costs in connection with
the formation of the State Street Urban Renewal Area, (the "Urban Renewal Project"); and
WHEREAS, the Urban Renewal Project is authorized by the State Street Urban Renewal Plan of
the City; and
WHEREAS,the Council has determined the Urban Renewal Project will promote the overall
economic development of the City; and
WHEREAS, reimbursement of funds advanced by the City for planning, consulting, engineering
and construction-related work is a lawful and appropriate expenditure, pursuant to Iowa Code Chapter
403, and authorized by said State Street Urban Renewal Plan (as amended).
NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF RIVERDALE,
IOWA:
1. That the cost of the Urban Renewal Project is an appropriate expenditure of funds
pursuant to Iowa Code Chapter 403.
2. The City Clerk is hereby directed to advance the costs from the General fund and certify
for reimbursement of such costs from the special fund created under Iowa Code Section 403.19 for the
State Street Urban Renewal Area(as amended)of the City.
PASSED AND APPROVED this 18 day of November, 2014.
Council Member Channon introduced the following Resolution and moved its adoption. Council
Member Seaberg seconded the motion to adopt. The roll was called and the vote was:
AYES: Channon, Hupp, Seaberg, Littrel, Halsey
NAYS: 0
WHEREUPON,the Mayor declared the resolution duly adopted as follows:
ATTEST:
c
City Clerk Mayor