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2022-2067 RESOLUTION NO. 2022-2067 A resolution expressing the Common Council's intent to borrow funds for the construction of the Woodman's Sports and Convention Center (WSCC). WHEREAS, the Common Council is proposing to construct an athletic and conference center to drive community economic impact, create and retain jobs, spur redevelopment opportunities, build community resiliency, and improve community health and social outcomes; and WHEREAS, the WSCC will be Rock County's most significant gathering space serving local athletes and residents, attracting sports teams, regional and national companies, and organizations for meetings, conferences, and trade shows; and WHEREAS, the WSCC will consist of an approximately 130,000 square foot facility with three main components, including a main ice arena, a multi-purpose arena, and a multi- use/convention space; 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 positive economic impact for the City, 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 City residents and neighborhoods; and WHEREAS, the Common Council is seeking to fund the construction of the WSCC through public and private partnerships, including, but not limited to, state and federal grant funding, naming rights sponsorships, private donations, City borrowing, and other funding opportunities and sources; and WHEREAS, it is important to demonstrate to current and potential funding partners that the City Council is committed to financially supporting the WSCC project and will meet any grant requirements for local match; and WHEREAS, City, state, federal, and private financial contributions are necessary to move forward with the construction of this facility and this resolution of intent significantly facilitates obtaining funding and donations from outside sources; and WHEREAS, the Common Council hereby finds that the borrowing of funds to support the WSCC capital construction project is the best interest of, and benefit to, the City of Janesville and its residents and businesses. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL of the City of Janesville that: 1. The above introduction and recitals are reiterated and 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 for the WSCC project; 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 applicable rules for the program(s); and BE IT FURTHER RESOLVED, by the Common Council of the City of Janesville that they hereby express their intent to borrow and commit $17.3 million in funding for the construction of the WSCC from such future City borrowing proceeds; 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/her sole discretion, from time to time and at any time, necessary and/or desirable in the public interest to effectuate the intent of this intent Resolution. ADOPTED: December 12, 2022 Motion by: Marshick Second by: Benson PPROVED: Councilmember Aye Nay Pass Absent Benson X 7"---- Burdick X David J. Moo ,\4ActiCity Manager Jackson X Marklein X Marshick X ATTEST:/Rt/Za,a4/tebt, Miller X Williams X Lorena Rae Stottler, City Clerk-Treasurer APPROVED AS TO FORM: Wald KlimczyK,City Attorney Proposed by: DPW/NCS Departments Prepared by: Jennifer Petruzzello, Neighborhood & Community Services Director