HomeMy WebLinkAbout2011-1057-11/7/2011 This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1057
RESOLUTION APPROVING ASSIGNMENT OF REBATES TO
TKE HOLDINGS, LLC FROM THE PRIOR DEVELOPMENT
AGREEMENT WITH BOB HUFF AND KAY HUFF FOR
PROPERTY GENERALLY LOCATED AT 3328 WAGNER
ROAD AND AUTHORIZE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT
WHEREAS, Bob Huff and Kay Huff entered into a development
agreement with the City of Waterloo, Iowa on February 5, 2008 for
the development of property generally located at 3328 Wagner Road,
Waterloo, Iowa and
WHEREAS, the developer was given tax rebates for the added
value of the project, and
WHEREAS, the property has been sold and said development
agreement states that assignment of tax rebates is eligible and
that the assignment of rebates will allow the new owner, TKE
Holdings, LLC, to receive the tax rebates.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the assignment of rebates for property
generally located at 3328 Wagner Road, Waterloo, Iowa, be and the
same is hereby approved.
PASSED AND ADOPTED this 7th day of November 2011 .
Ernest G. Clark, Mayor
ATTEST:
SuzyS hares, CMC
City Jerk