HomeMy WebLinkAbout1997-098 - Intergovernmental AgreementL / , .,
BILL NO. f1 ~~
ORDINANCE NO. `~~-`/~z~
AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION
OF AN INTERGOVERNMENTAL AGREEMENT IN CONNECTION WITH
THE FINANCING OF THE RIVERSIDE/QUINDARO L-385 LEVEE
PROJECT AND AUTHORIZING ACTIONS RELATED THERETO
WHERAS, in the area generally known as the Quindaro Bottoms of Riverside,
Missouri (the "Unprotected Area") there is approximately 1,800 acres of developed and
undeveloped land located on the north bank of the Missouri River along Interstate 635 at
Highway 169, which is currently only protected from Missouri River floods by an
agricultural levee which is more than 10 feet below the 100 year flood plain and as recently
as 1993, the entire Unprotected Area was flooded resulting in extensive damage to existing
businesses and industry;
WHERAS, a levee which is a portion of the proposed project will protect the western
portion of the Unprotected Area against a 500-year flood ("Quindaro Levee") and a levee
which is a portion of the proposed project will protect the eastern portion of the Unprotected
Area and the City of Riverside's business district from a 500-year flood ("Riverside Levee")
(the Quindaro Levee and the Riverside Levee are collectively referred to as the "Levee");
WHEREAS, the Levee is approved for construction by the United States Army Corps
of Engineers (the "Corps") as Project L-385 (the "Levee Project");
WHEREAS, the total anticipated cost of the Levee Project is projected by the Corps
at $55,980,000.00, based on March 1997 dollars;
WHEREAS, the local share is anticipated to be approximately forty-seven percent
(47 %) of the cost of the Levee Project (the "Local Share");
WHEREAS, the City in conjunction with the Riverside-Quindaro Bend Levee District
("District") has submitted a Financing Plan for the Riverside/Quindaro L-385 Levee Project
("Financing Plan") detailing a suggested public-private partnership in providing the Local
Share for the Levee Project, which Financing Plan has been reviewed and accepted by the
Corps;
WHERAS, realizing the implementation of the Financing Plan will require the
cooperation and participation of the parties, each party desires to cooperate and participate in
the funding of the Local Share as further detailed in the L-385 Intergovernmental Agreement
("Agreement").
J :\61492\0000 l \INTG VTAG.ORD
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF
THE CITY OF RIVERSIDE, MISSOURI AS FOLLOWS:
Section 1. The Agreement, in substantially the form attached as Exhibit A, is
approved.
Section 2. The Mayor and City Clerk are authorized and directed to execute such
document with such changes as such officer shall approve, execution of such document being
conclusive proof of such approval. The Mayor, City Clerk and City Administrator are each
authorized and directed to perform all acts and execute any other documents necessary or
desirable to effectuate the intent of this resolution,
Section 3. This Ordinance shall be in full force and effect from and after its
passage and approval.
Passed this 19th day of August, 1997.
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MAY R
ATTEST:
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CITY CLERK -- ,~
J :\61492\00001 \INTG VTAG.ORD