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- 2 - <br /> WHEREAS, it is in the best interest of the CITY OF CLIVE, Iowa <br /> to make Application for Immediate RISE Funds in order to construct <br /> the N.W. 114TH STREET RELOCATION PROJECT by filing an application <br /> for RISE Immediate Opportunity Funds for Local Development Projects <br /> (RISE Application). <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF CLIVE, IOWA: <br /> • 1. That the CITY COUNCIL of the CITY OF CLIVE, Iowa hereby <br /> endorse the N.W. 114TH STREET RELOCATION PROJECT, <br /> 2. That the CITY has been active in promoting economic <br /> development within the community and is presently in <br /> negotiations with Max Holmes, Holmes Oldsmobile; Frank <br /> Cownie, Cownie Furs; Ron Burns, Great American Holding <br /> Corporation; Ken Kaplan, Microware Systems Corporation for <br /> the location and retention of businesses. <br /> 3. That should a RISE fund commitment for the N.W. 114TH <br /> STREET RELOCATION PROJECT be granted, the streets to be <br /> constructed under the proposal will be placed under the <br /> CITY's jurisdictional responsibilities and maintained by <br /> the CITY OF CLIVE, Iowa. <br /> 4. That the CITY assures that 57.4% non -Rise financial <br /> participation in the N.W. 114TH STREET RELOCATION PROJECT <br /> shall be provided. <br /> 5. That the letters received from Max Holmes, Holmes <br /> Oldsmobile; Frank Cownie, Cownie Furs; Ron Burns, Great <br /> American Holding Corporation; Ken Kaplan, Microware <br /> Systems Corporation certifying to job creation are hereby <br /> accepted, and shall be submitted as part of the RISE <br /> Application. <br /> 6, That the RISE Application to which this Resolution is <br /> attached is hereby approved by this CITY COUNCIL of the <br /> CITY OF CLIVE, Iowa, including all statements and <br /> information set forth therein. <br /> 7. That the MAYOR is hereby authorized and directed to <br /> execute the RISE Application on behalf of the CITY OF <br /> CLIVE, Iowa and the CITY CLERK is hereby authorized and <br /> directed to attest to his signature, to affix the seal of <br /> the CITY OF CLIVE, Iowa to the same and cause the same to <br /> be filed with the Iowa Department of Transportation. <br /> • <br />