The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2023-45
To approve final reimbursement for Community Catalyst Building Remediation Grant available through the Iowa Economic Development Authority for improvements at 103 West Street
WHEREAS, The City Council has agreed to apply for the Community Catalyst Building Remediation Grant available through the Iowa Economic Development Authority with the maximum amount of $100,000, with a $50,000 cost share towards the project, to be used for improvements at 103 West First Street, and
WHEREAS, Matt Kumley had submitted invoices for the improvements and the City
received the $60,000 Project Mid-Point grant amount from the State of Iowa through the Iowa Economic Development Authority and the City reimbursed this payment to Kumley, and
WHEREAS, Jones County Economic Development Director Derek Lumsden has regularly been in contact with Matt Kumley about the Community Catalyst Building Remediation Grant through the Iowa Economic Development Authority, and Kumley has submitted, and Lumsden has reviewed the Project Final grant reimbursement of $40,000 for the improvements. and
WHEREAS, The Council finds that the final reimbursement for Community Catalyst Building Remediation Grant available through the Iowa Economic Development Authority for
improvements at 103 West Street should be submitted and same paid to Kumley for the other improvements and fulfillment of the terms of the Grant Agreement, except for $1,000 owed to the City for the purchase of the property.
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the final reimbursement for Community Catalyst Building Remediation Grant available through the Iowa Economic Development Authority for improvements at 103 West First Street, in the amount of $40,000, less $1,000 for the purchase of the Property at 103 West First Street.
IN THE TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 20th day of March, 2023.
David Goedken, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer