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2022-2007 RESOLUTION NO. 2022-2007 A resolution supporting a grant request to the U.S. Department of Commerce, Economic Development Administration for funding through the Public Works and Economic Adjustment Assistance Programs. WHEREAS, the Common Council is proposing to construct an athletic and conference center to drive community economic impact, create jobs, spur redevelopment opportunities, and improve community health and social outcomes; and WHEREAS, the Common Council recognizes the positive benefits a center would have in facilitating continued growth and diversification of the local economy; generating significant economic impact, increased employment and growth in personal earnings; assisting in the redevelopment of struggling retail areas; establishing itself as a destination for physical, recreational, conference and social activities; and improving the overall wellbeing of residents and neighborhoods; and WHEREAS, the project would result in a positive economic impact on businesses and industries that have been disproportionately impacted by COVID-19 and build community resiliency by expanding health and wellness initiatives; and WHEREAS, the U.S. Department of Commerce, Economic Development Administration (EDA) is currently soliciting grant applications for the 2020 EDA Public Works and Economic Adjustment Assistance Programs to support economically distressed areas of the U.S. and support construction projects designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity; and WHEREAS, the EDA expects to fund 50% of eligible projects costs for awarded grants; and WHEREAS, the City of Janesville intends to prepare and submit a competitive application for $4 million in grant funding under the EDA's Public Works and Economic Adjustment Assistance Programs to support the construction of the Janesville Athletic and Conference Center; and WHEREAS, federal financial assistance is needed to move forward with the construction of this facility; and WHEREAS, the Common Council hereby finds that this grant application, grant, and program are each in the best interest of, and benefit to, the City of Janesville. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL of the City of Janesville, Rock County, Wisconsin, that: 1. Each of the above introductions and recitals are incorporated herein by reference as if fully set forth verbatim; and 2. The City Administration is authorized on behalf of the City of Janesville to prepare and submit applications for and request funding and assistance available from the U.S. Department of Commerce for this particular project as described and set forth above; and 3. The City of Janesville shall take any and all necessary actions to undertake, direct, and complete approved grant activities, and to comply with Federal rules for the program(s); and BE IT FURTHER RESOLVED by the Common Council of the City of Janesville that: 1. They commit to provide the local matching share of fifty percent (50%) from future City borrowing proceeds; and 2. The matching share will be committed to the project for the period of performance under the grant; and 3. The matching share will be available as needed; and 4. The matching share will not be conditioned or encumbered in any way that may preclude its use consistent with the requirements of EDA investment assistance; and BE IT FURTHER RESOLVED that the City Manager and his designee(s), on behalf of the City of Janesville, is/are hereby jointly and severally authorized and empowered to negotiate, draft, review, revise, modify, amend, execute, enter into, file and/or record additional applications, agreements, amendments, documents, reports, and letters of understanding concerning this matter, and to take whatever additional other actions that the City Manager may determine in his sole discretion, from time to time and at any time, necessary and/or desirable in the public interest to effectuate the intent of this Resolution. ADOPTED: April 25, 2022 Motion by: Consent Second by: Consent APPROVED: Councilmember Aye Nay Pass Absent Benson X Mark A. F itag, City Manager Burdick X Jackson X ATTEST: Marklein X M k X Miller X Lorena Rae Stottler, City Clerk-Treasurer Williams X APPROVED AS TO FORM: Wald Klimczyl ity Attorney Proposed by: Neighborhood & Community Services Dept. Prepared by: Jennifer Petruzzello, Neighborhood & Community Services Director