HomeMy WebLinkAboutResolution 18-049 Resolution 18-049
A Resolution Providing Financial Commitment for a Federal BUILD Grant
to fund the development of the I-29 and 20t" Street South Interchange
Whereas, the City of Brookings supports the development of a I-29 and 20t" Street
South Interchange; and
Whereas, the City of Brookings is desirous in providing increased economic
development opportunities, connectivity and safety improvements; and
Whereas, the Federal Government has grant funds available through the Better Utilizing
Investments to Leverage Development (BUILD) Grant Program; and
Whereas, the City of Brookings will commit the necessary funds toward the local match
not to exceed $3.6 million or 20% of the total project cost; and
Whereas, the City of Brookings supports the Brookings Economic Development
Corporation's application for the I-29 and 20t" Street South Interchange Project; and
Now, Therefore, Be It Resolved that the City Council of the City of Brookings financialiy
supports the described application for the I-29 and 20th Street South Interchange
Project, upon receiving the grant.
Passed and approved this 26t" day of July, 2018.
CITY OF BROOKINGS
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�F BR� Keith W. Corbett, Mayor
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� ari Thornes, City Clerk